by Tony Sagami on April 29, 2012
This is interesting. Chinese stock market regulators are using Facebook’s IPO registration as an example of what NOT to do in China. The Chinese take offense to the vague language used in Facebook’s filings.
At a regular training seminar last week, the China Securities and Regulatory Commission (CSRC) urged IPO bankers to learn from the risk disclosures in Facebook’s listing prospectus, the report added.
The social network is banned in China, and the vague “use of proceeds” statement in its prospectus means it is unlikely to win listing approval if it was a Chinese company.
by Tony Sagami on April 29, 2012
U.S. and European companies are having trouble in China now.
As China’s economy cools, some big US and European companies are losing what had been one of their surest growth bets.
Caterpillar Inc, 3M Co, United Technologies Corp and ABB Ltd are among the manufacturers that have reported weak performances in China in the first quarter, as economic growth slowed to a near three-year-low.
by Tony Sagami on April 29, 2012
The used car market in China is very different from the U.S.
The Chinese rich change cars the way some people change handbags. Beijing’s biggest used car dealership displays more than 500 of the world’s most expensive cars – and staff say some of them have only been driven for days.
At 4.3m, used vehicle sales are still less than a quarter of new auto sales of 18.5m – almost the inverse proportion found in the US, where used car sales are four times new sales.
by Tony Sagami on April 29, 2012
I don’t know about you, but I’d be reluctant to book a trip on a ship hailed as the “Titanic 2.”
Australian billionaire Clive Parker plans to build a 21st-century version of the Titanic with th help of a Chinese shipyard, with the cruise ship’s maiden voyage from England to North America scheduled in late 2016.
Parker, by the way, made his fortune by selling coal to China.
by Tony Sagami on April 29, 2012
by Tony Sagami on April 29, 2012
Very interesting article from Forbes about four political events that could change the face of China.
In the past four months, the Chinese Communist Party (CPC) has experienced four shocks that could materially affect, if not eventually end, its “leading role” in Chinese society.
by Tony Sagami on April 27, 2012
Lots of disappointing data points in this interesting article. For some U.S. companies, China is not the savoir that it once was.
As the Chinese economy cools, some big U.S. and European companies are losing what had been one of their surest growth bets.
Caterpillar, 3M, United Technologies and ABB are among the manufacturers that have reported weak performances in China in the first quarter as economic growth has slowed nearly to a three-year low.
by Sean Brodrick on April 25, 2012
Gold miners had a good day. Now we need follow-through. Let’s go to a chart of the GDX …
(Updated chart)
You can see that the GDX pushed above its recent broken support. That’s good. It made its move on high volume. That’s very good. Now, we need to see a continued rally break the downtrend on high volume. To really impress me, close convincingly over 48.35. Also, GDX needs to outperform gold (see the GDX/GLD ratio on the bottom of the chart). It’s certainly set up to do that on valuation alone.
There are other potential “buy” triggers. My Red-Hot Global Resources subscribers know what I’m watching closely, as I explained in today’s webinar.
Good luck to us all, and good trades.
by Tony Sagami on April 25, 2012
by Tony Sagami on April 25, 2012
Baidu and RenRen drop after Facebook releases some uninspiring sales/profit numbers.
Chinese Internet stocks slumped in the U.S. on speculation declining profit for Facebook.
Renren Inc. (RENN) (RENN), a Chinese social networking website, fell the most in more than two months, while China’s biggest online search engine Baidu Inc. (BIDU) (BIDU) slid to the lowest since March 7
