New book by Larry Connors Click here Improve your trading - See how
SOUTH CHINA MORNING POST:
- Stung by criticism over the selective floor numbering of his record-breaking luxury residential block in the Mid-Levels, Henderson Land Development (SEHK: 0012) chairman Lee Shau-kee hit back yesterday, insisting: "We have done nothing wrong."
- Red chip China Resources Enterprise (SEHK: 0291) (CRE) is taking over a hypermarket chain and a brewery on the mainland in a HK$4.93 billion deal, increasing its presence in the robust but competitive consumer market.
- A third attempt by the government to introduce United States Chapter 11-style bankruptcy protection in Hong Kong is likely to face opposition from legislators and accountants, who still have doubts about the proposal.
- Slowing loan growth could be a drag on profits at Industrial and Commercial Bank of China (SEHK: 1398) (ICBC) next year, after a lending boom earlier this year helped the world's most valuable bank post a 19 per cent jump in third-quarter profit.
- Air-freight rates have doubled in the past two months because of better than expected demand for consumer goods from the United States in preparation for the Christmas shopping season.
- The Hang Seng Index fell the most in almost a month yesterday as skittish investors cut and ran after the mainland authorities pledged to tighten the taps on personal loans that have seeped into the market.
THE STANDARD:
- Henderson Land (0012) intends to set aside more than HK$10 billion in the near future to increase its land bank by acquiring old buildings in urban areas.
- Guangzhou-based developer Evergrande Real Estate is expected to raise HK$5.65 billion from its initial public offering because of robust demand from retail and institutional buyers.
- Cordial trade talks between top Chinese and US officials were overshadowed yesterday by Beijing's surprise probe into US auto exports, underlining tensions ahead of President Barack Obama's first visit to China.
- Building and engineering firm Metallurgical Corp of China (1618) said it earned a net profit of 1.4 billion yuan (HK$1.58 billion) in the third quarter under Chinese accounting standards.
- Bank of China (3988), the mainland's largest foreign exchange lender, said fast growing lending boosted its third-quarter earnings by 18.83 percent, surpassing expectations.
cg
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
