figured with the breakfast links, we needed some just before dinner right after we begin our descent. homeward bound we are.
1. Market Strategists see not only domestic threats being a problem to US economic growth, but also those from EM.
2. Quiet honestly, if you're going to read an article on EM, this is the one for you to READ!
3. I'm tired of beating you guys over the head over Chinese IPOs! Giant Interactive Unit! It should price at around 16-17 (above it's range) and open somewhere north of $25. Demand on these things are like crack!
4. Your dentist was right about brushing at least twice a day. Seems like folks throughout the Emerging Markets might be brushing about three times a day.
Showing posts with label IPO. Show all posts
Showing posts with label IPO. Show all posts
Wednesday, October 31, 2007
Thursday, October 25, 2007
If Buffett says it, then it must be true
Signaling caution about China, Buffet warned about investing in China after he excused himself from the PetroChina party he'd been attending since 2000
The man from the Cornhusker state says he is "appreciative" of the performance of PetroChina and that he doubts he'll find another stock like it. Cheer up old Chap, Alibaba is just around the corner.
The man from the Cornhusker state says he is "appreciative" of the performance of PetroChina and that he doubts he'll find another stock like it. Cheer up old Chap, Alibaba is just around the corner.
Wednesday, October 24, 2007
fuqme? no fuqu! no fuqi!
In the great tradition of assystem, wang on group, wienerberger AG; Fuqi Int’l Inc brings us another company with a semi-obscene, yet funny when you said it aloud name.
The 21 Chinese IPOs listing for the first time in the states year to date have 1 day returns of 18% and one week returns of almost 23%.
How do I know? Use your terminals people!
Also be on the lookout for Longtop Financial which opened today at 27.01, 34% higher than what it priced at last night.
Nothing in the world makes us here at Markets Emerge! as happy as Chinese IPOs do. Maybe except some really good tapas.
The 21 Chinese IPOs listing for the first time in the states year to date have 1 day returns of 18% and one week returns of almost 23%.
How do I know? Use your terminals people!
Also be on the lookout for Longtop Financial which opened today at 27.01, 34% higher than what it priced at last night.
Nothing in the world makes us here at Markets Emerge! as happy as Chinese IPOs do. Maybe except some really good tapas.
Tuesday, October 23, 2007
Take that Slim!
Showing that he doesn't control every form of telecommunicating in Mexico, Maxcom Telecomunicaciones listed for the first time last friday in the US with little to no fan fare. Seems like Mr. Slim in more concerned with fixed lines in the country that invented the chimichanga, rather than servingmedium and small sized businesses
But Slim and his Telmex need not worry over their monopoloy being spoiled. When you own over 90% of the telephone lines in the country, you can collect whatever you want when passing go. Seems like Cofetel (the Mexican version of the FCC) is applying a little pressure to Slim as well.
One point for the little guy. No points for Slim (not a little guy)
But Slim and his Telmex need not worry over their monopoloy being spoiled. When you own over 90% of the telephone lines in the country, you can collect whatever you want when passing go. Seems like Cofetel (the Mexican version of the FCC) is applying a little pressure to Slim as well.
One point for the little guy. No points for Slim (not a little guy)
Is your recently launched IPO not performing how you'd like?
Well then Noah Education has the solution for you.
Rather than sit back and watch as it's stock price dipped, the executive team took action! After it's ADS's priced at $14, it opened it's first day of trading at $22.90 to meet it's seeminly high demand. But by yesterday's close the stock had dipped to below $17. So, what did management do?
Did they panic? Did they immediately short the stock? Did they dump their entire position? No, no and no. They immedediately chartered what in our own sick fantasy was a fully equipped private plane with plenty of green tea to cleanse the dirtiest of sinners (we should've flown with them.)
Destination you ask?
New York City. And not just anywhere in NYC, but the NYSE, where Noah's team greeted traders, specialists, the guy who hates the fact that he had to replace Grasso and all of the other big boards' movers and shakers.
Result? Stock finished up 23% for the day recovering yesterday's losses and then some.
Let this be a lesson to you Chinese companies out there soon to be listing on the NYSE: make nice with the good folks who walk daily on that treacherous cobblestone on Nassau Street. It might be in your best interest.
Rather than sit back and watch as it's stock price dipped, the executive team took action! After it's ADS's priced at $14, it opened it's first day of trading at $22.90 to meet it's seeminly high demand. But by yesterday's close the stock had dipped to below $17. So, what did management do?
Did they panic? Did they immediately short the stock? Did they dump their entire position? No, no and no. They immedediately chartered what in our own sick fantasy was a fully equipped private plane with plenty of green tea to cleanse the dirtiest of sinners (we should've flown with them.)
Destination you ask?
New York City. And not just anywhere in NYC, but the NYSE, where Noah's team greeted traders, specialists, the guy who hates the fact that he had to replace Grasso and all of the other big boards' movers and shakers.
Result? Stock finished up 23% for the day recovering yesterday's losses and then some.
Let this be a lesson to you Chinese companies out there soon to be listing on the NYSE: make nice with the good folks who walk daily on that treacherous cobblestone on Nassau Street. It might be in your best interest.
For those of you who missed out on Baidu.com in 05, fret not
Hope may very well be around the corner in the form of Alibaba.com
For those of you who have been in the witness protection program without access to the internet, alibaba.com is sort of what would happen if e-bay and craigslist got married and learned how to speak Chinese.
The aforementioned Baidu.com often referred to as "The Chinese Google" has returned 316% since it listed on Nasdaq just over 2 years ago. Although Alibaba isn't yet available to retail clients here in the states (only available to institutional guys via 144A), the fact that it's been oversubscribed 50 times gives an indication of the demand for this stock.
In other words, be patient; it's coming.
There's so much demand for this thing that they just revised the range today from 10-12 HK$ to 12-13.50 HK$
With a 40% stake in the company, Yahoo may finally have something to smile about when staring at Google. We'll find out on Monday.
For those of you who have been in the witness protection program without access to the internet, alibaba.com is sort of what would happen if e-bay and craigslist got married and learned how to speak Chinese.
The aforementioned Baidu.com often referred to as "The Chinese Google" has returned 316% since it listed on Nasdaq just over 2 years ago. Although Alibaba isn't yet available to retail clients here in the states (only available to institutional guys via 144A), the fact that it's been oversubscribed 50 times gives an indication of the demand for this stock.
In other words, be patient; it's coming.
There's so much demand for this thing that they just revised the range today from 10-12 HK$ to 12-13.50 HK$
With a 40% stake in the company, Yahoo may finally have something to smile about when staring at Google. We'll find out on Monday.
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