*Official* General Market Chit Chat Thread

[OngHuatHuat]

Yup since last year 2015, their reserve eroded by alot.
Thanks will take note of the date 26th jan

they can do monetary expansion.
just that they do not want ren min bi to depreciate too fast.

 

[Average]

yyhwin u not sinkie ah? born 1984 one?

means u come sg already lag behind by 2 years?

Of course la, Asean scholar leh.

Sent from your gal nex door using GAGT

 

[shared]

Of course la, Asean scholar leh.

Sent from your gal nex door using GAGT

but i thought asean scholar from malaysia won't delay by 2 years one? should start the same as sinkie students before NS.

 

[Maeda_Toshiie]

People over there living stardard are quite high and their market really very huge. Just a famous shop at shanghai bund area, I have to wait for 30 minutes before i get a seat. The building was 3 storeys, just selling xiao long bao.
Shopping centres also full of people.

Been to one near Yu Yuan last year.

 

[xSieghartx]

I guess the question now is whether the regulations and fund injections can turn the market around, which I doubt it will in the short term. Like all the Fed QEs, this isn't fixing the underlying issue.

 

[OngHuatHuat]

Better for the market to quickly collapse to 1800 so that we can have a V shape recovery all the way to STI 4000. Damn these interfering Chinese mandarins. Btw, Happy CNY hor.

Don;t think so lah, even I myself now thinking of selling some other stocks to buy in, already see signs of bottoming up leh.

A good sign will be market stop/less responding to negative news.

 

[kage]

I just wonder how many of you personally went to shanghai/hangzhou/beijing before?

People over there living stardard are quite high and their market really very huge. Just a famous shop at shanghai bund area, I have to wait for 30 minutes before i get a seat. The building was 3 storeys, just selling xiao long bao.
Shopping centres also full of people.

now lesser PRC chinese come to SG already.

People concern most companies in china using debt to grow, but somehow as long as the demand and the market still there, this problem will be solved eventually.

Yes u are right china are using debt to grow, but now the world are worried about China's enormous bad debt growing exponentially.
They have been building alot of unutilised infrastructure to sustain their GDP, example alot of ghost cities in china.
To china its all about face value, they will not hesitate to pump in loads of money to maintain their key GDP value of 7%.
Yes today they have to pump in money again to sustain the market, imagine my GDP is already 6.8 and my market still falls ... no face.

 

[Maeda_Toshiie]

Quite a huge percentage of my ex coursemates are tuition teachers, I think i am the only one that can sustain on tuition alone. Most of them stop already. Try first, then you will know it is not easy.

I always found it sadly funny that a lot of NUS Chemical Engineering graduates end up in teaching and private tuition. Expected demand estimated by EDB says ~150, department manufacture 300 students. Of course oversupply lar. Two faced engineering manager from KBR at career fair ALWAYS says hire 3 this year (like f***, they hire 3 from their home country, if any).

 

[OngHuatHuat]

Been to one near Yu Yuan last year.

I think there are a few, I went to the 南翔馒头店

 

[Maeda_Toshiie]

Yes u are right china are using debt to grow, but now the world are worried about China's enormous bad debt growing exponentially.
They have been building alot of unutilised infrastructure to sustain their GDP, example alot of ghost cities in china.
To china its all about face value, they will not hesitate to pump in loads of money to maintain their key GDP value of 7%.
Yes today they have to pump in money again to sustain the market, imagine my GDP is already 6.8 and my market still falls ... no face.

Number can be manipulated. Money can be printed.

 

[Tooi Kono Machi De]

Anyone knows why SCI and KC chiong today? KC maybe cos results announcing but SCI also..no opportunity to buy

 

[Maeda_Toshiie]

I think there are a few, I went to the 南翔馒头店

That one too crowded. I think I went to another one beside or nearby.

 

[kage]

I guess the question now is whether the regulations and fund injections can turn the market around, which I doubt it will in the short term. Like all the Fed QEs, this isn't fixing the underlying issue.

No use, all pumping and injecting funds is injecting morphine only.
Like u say, similar to QE, not solving the main issue.

 

[kage]

Number can be manipulated. Money can be printed.

U are right again, if not manipulated, it would be much lower than 6.8 aredy

 

[Maeda_Toshiie]

Anyone knows why SCI and KC chiong today? KC maybe cos results announcing but SCI also..no opportunity to buy

Maybe oversold yesterday. Those counter prices are very heavily affected by oil prices.

 

[OngHuatHuat]

Yes u are right china are using debt to grow, but now the world are worried about China's enormous bad debt growing exponentially.
They have been building alot of unutilised infrastructure to sustain their GDP, example alot of ghost cities in china.
To china its all about face value, they will not hesitate to pump in loads of money to maintain their key GDP value of 7%.
Yes today they have to pump in money again to sustain the market, imagine my GDP is already 6.8 and my market still falls ... no face.

I still don't get why China have to support at 3000 level, last time china government don't really care how the stock market perform, they just focused on how the real economy grew.
Seems like it has changed.

6.8% on such a huge base is quite impressive, it is definitely not the same as 7% few years ago.

I let you see a picture, current salary for graduate in CHina:

 

[Maeda_Toshiie]

U are right again, if not manipulated, it would be much lower than 6.8 aredy

I recall that some fund mangers mentioned stuff about electricity usage in China. That's partly why official numbers need to be taken with a grain of salt.

 

[OngHuatHuat]

Maybe oversold yesterday. Those counter prices are very heavily affected by oil prices.

most of them were driven down by shortists, now shortists taking profit, means they are covering, of course the price will go up a bit.

 

[Perisher]

I still don't get why China have to support at 3000 level, last time china government don't really care how the stock market perform, they just focused on how the real economy grew.
Seems like it has changed.

6.8% on such a huge base is quite impressive, it is definitely not the same as 7% few years ago.

I let you see a picture, current salary for graduate in CHina:

Market affect the overall economy. When everyone see market crashes, everyone would stop spending... Especially those who tio burnt in the market...
A nation's economy is tie to the market in many ways. One affect the other.

Not so in sg where only a small % are vested in the market.

 

[Hot_Dog]

The more they devalue the Yuan the more funds have to sell