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921-940 of 1003
China respond favorably........
SCMP
"
A first step appears to have been taken to de-escalate the trade war between the world&rsquo s two biggest economies.
The Chinese government said on Thursday it had received an invitation from the US for trade talks and it welcomed Washington&rsquo s gesture.
13 Sep 2018 - 4:22pm
Tio boh...........HSI 600+.........................
Luzern ( Date: 13-Sep-2018 09:18) Posted:
| HK perhaps hitting +600 to +800 today? |
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Recent economic data out of the US look to firmly support a gradual monetary tightening. This' s gonna be positive for the three local bks to better managed their NIMs. 12-mth SIBOR is now almost 2%. DBS, a net lender in the inter-bank mkt shd see interesting results over the next few qtrs.
What if the DBS share buy back team decides do some serious buy back today?......so many What ifs?
Luzern ( Date: 13-Sep-2018 09:40) Posted:
For the shorts.........What if this rebounce is not going to frizzle out anytime soon?  |
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For the shorts.........What if this rebounce is not going to frizzle out anytime soon?
HK perhaps hitting +600 to +800 today?
Keke....
.....a re-Think indeed. .........a wise choice considering mid term, EM currencies crsis, public feedback, etcs. And the additional US$267B threat was currently " poker playing"
IMO, DYODD.
Luzern ( Date: 07-Sep-2018 09:29) Posted:
If the US$200B is not implemented today, we are likely to get a relief rally. As the delay might suggest that Trump is making some headway with China or he is having a re-think. Too bad, we will only know at 12.01pm our SGX lunch break.
Luzern ( Date: 07-Sep-2018 09:02) Posted:
| 12:01pm .....and we will know will US be implementing the US$200B today. I will be at least clearing some of my Banks Shorts before that. DYODD. |
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DBS Total Buy Back so far: 8,404,800
Estimated Average price: S$25.135
Estimated MOney Spend: S$211.254Millions
Percentage of Max Buy Back allowed (51,277,414): 16.39%
DBS buy back 450,000 shares yesterday
OCBC buy back 100,000 shares yesterday
UOB no buy back yesterday.
Finally, the market, the banks rebounce is here. Huat Ah!.....looking for opportunity to replenish my shorts in banks....probably next week.
There is a chance that HK market might not be open next Monday.
IMO, DYODD
This should have a significant effect on the HK and China markets which have been hammered by trade war jitters recently.
CNBC ...........................................................
US in early stages of proposing new trade talks with China in the near future
- Sources familiar with the U.S.-China negotiations tell CNBC that the United States is in the early stages of proposing a new round of trade talks with China in the near future.
- Senior U.S. officials led by Treasury Secretary Steven Mnuchin sent an invitation to Chinese officials, proposing a meeting in the next few weeks to discuss trade issues, Dow Jones reported earlier on Wednesday, citing sources.
Published 9 Hours Ago Updated 5 Hours Ago
SCMP
" A toxic combination of rising interest rates, a looming vacancy tax on empty flats and the sharp decline in the city&rsquo s stock market is making developers jittery
PUBLISHED : Wednesday, 12 September, 2018, 8:00am
UPDATED : Wednesday, 12 September, 2018, 9:06am
OCBC buy back 100,000 shares yesterday at average $10.98
Maximum shares buy back allowed: 209,128,622
Total shares bought back so far: 5,925,000 (2.83%)
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DBS & UOB no share buy back yesterday
"
China set to ask WTO for permission to impose sanctions on US
Published 28 Mins Ago Updated 3 Mins Ago CNBC.com
China will seek permission from the World Trade Organization (
WTO) to impose sanctions on the
U.S. next week, amid an escalating trade war between the world' s two largest economies, according to WTO' s meeting agenda.
The request cites Washington' s non-compliance with a ruling in a dispute over U.S. dumping duties that Beijing initiated in 2013.
It is likely to prompt years of further legal wrangling between Washington and Beijing.
China will seek authorization at WTO' s Dispute Settlement Body meeting, that will take place on 21 September.
This is seen to be impacting sentiment across global markets. U.S. stock index futures pulled back on the news, with the Dow indicating a negative open of more than 65 points at around 5:45 a.m. ET.
European markets also erased earlier gains Tuesday as a further escalation in the Sino-U.S. trade dispute haunted investors. The pan-European Stoxx 600 was down almost 0.5 percent during mid-morning deals.
In 2017, China won a WTO ruling in the ongoing dispute, which related to several industries including machinery and electronics, light industry, metals and minerals, with an annual export value of up to $8.4 billion.
DBS Total Buy Back so far: 7,954,800
Estimated Average price: S$25.19
Estimated MOney Spend: S$200.36Millions
Percentage of Max Buy Back allowed (51,277,414): 15.51%
10th Sept 2018
DBS Buy Back
500,000
24.110 - 24.350
UOB no buy back
OCBC no buy back
Haiz..... close some of my shorts too early........
Luzern ( Date: 10-Sep-2018 10:37) Posted:
| Closed another batch of my Banks shorts. IMO, we probably have seen the low today for banks. If there is no further impactful news, IMO, we should see a rally in the afternoon. |
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IMO....the main reason for the weakness in UOB relative to DBS is due to the fact that UOB have not done any buy back since 3rd Sep 2018, that is unusual by UOB standard......Perhaps the Wees have decided that doing share buy back currently and at this price is a waste of resources that can be put to better use?.......hum......... I expect a family runned Bank to be more conservative with their money than coorporate runned Banks.
IMO, DYODD
Luzern ( Date: 10-Sep-2018 09:15) Posted:
UOB closing some more of the gap with DBS....... as expected.
Luzern ( Date: 05-Sep-2018 13:56) Posted:
| And yes, I am vested in Banks......all shorts positions, especially in UOB as IMO, the price of UOB and DBS is too wide.......either DBS is going to move up to close the gap or UOB should move down to close the gap. With current market sentiment, the chances of UOB moving down to close the gap is higher. |
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Banks......any rebounce in the afternoon and/or over the next few days....IMO...is just a technical rebounce, after which it will continue on their way down again.......Q3, Q4 (especially).
Opportunities for me to replenish my shorts.........DYODD
Luzern ( Date: 10-Sep-2018 09:04) Posted:
I will be closing some more of my Banks short before lunch in anticipation of a technical rebounce. But I will not be going long as I do not expect this possible rebounce to last. IMO, DYODD.
Luzern ( Date: 07-Sep-2018 09:29) Posted:
| If the US$200B is not implemented today, we are likely to get a relief rally. As the delay might suggest that Trump is making some headway with China or he is having a re-think. Too bad, we will only know at 12.01pm our SGX lunch break |
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i also opined that bank stocks will recover in the afternoon session, regional bourses all recover slightly, better buy back to cover your ass
Luzern ( Date: 10-Sep-2018 10:37) Posted:
| Closed another batch of my Banks shorts. IMO, we probably have seen the low today for banks. If there is no further impactful news, IMO, we should see a rally in the afternoon. |
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