Monday, July 10, 2006

Earning season is here!

Wow! Worldcup finally over. Frankly speaking i didn't watch much since semi final stage because it turned out to be an all european affair, no more world cup but european cup! haha

It is not my first time noticing china stocks have this underlying buying power supporting the price. Everytime it is beaten down, it rises from the ashes to stun everyone! I also noticed how Nikkei rebounded strongly today making it all possible for a big rally tomorrow. Hang Seng as usual showed resilience and I thought it had lead STI for certain days even when Dow Jones were down. I suspect Hang Seng is the reason why China stocks are so strong. Nevertheless, it is dangerous to chase high flying stocks. Strict cut loss is a must!



Cosco Corp


ChinaWheel: Blueline at 0.460. Watch the break of this key resistance.

Semb Marine's Q2 result on 1st August.
SPH results due 11th July.
Labroy Marine interviewed by Reuters.

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