Re: [obrolan-bandar] Asian Stocks Decline on Subprime Concern; DBS Group, Banks Fall
Iya bener.dah baca serius2 jg! On 8/28/07, Dean Earwicker <[EMAIL PROTECTED]> wrote: > Kalau kita teliti, dibawah nggak ada berita tentang Indonesia. :/ > > Regards, > DE > > -Original Message- > From: obrolan-bandar@yahoogroups.com [mailto:[EMAIL PROTECTED] > On Behalf Of HS > Sent: Tuesday, August 28, 2007 12:36 PM > To: OB > Subject: [obrolan-bandar] Asian Stocks Decline on Subprime Concern; DBS > Group, Banks Fall > > Asian Stocks Decline on Subprime Concern; DBS Group, > Banks Fall > > By Darren Boey and Chua Kong Ho > > Aug. 28 (Bloomberg) -- Asian stocks fell after > Singapore's DBS Group Holdings Ltd. said it has more > collateralized debt obligations than previously > disclosed. > > DBS, Southeast Asia's largest lender, dropped to its > lowest in more than a week. National Australia Bank > Ltd. declined after the central bank said the > country's money market remains ``under pressure'' as > losses related to U.S. subprime mortgages discouraged > lending. > > ``CDOs have become a taboo term for investors, > regardless of what the underlying securities are,'' > said Leslie Phang, who oversees $1 billion at > Commonwealth Private Bank in Singapore. ``There's > uncertainty'' as to whether more losses will emerge. > > China Life Insurance Co. and Foster's Group Ltd. > advanced after reporting higher profits. Hyundai Heavy > Industries Co. led gains among South Korean > shipbuilders after STX Shipbuilding Co. said it won a > contract to build bulk carriers. > > The Morgan Stanley Capital International Asia-Pacific > Index fell 0.4 percent to 149.33 at 1:50 p.m. in > Tokyo. Japan's Nikkei 225 Stock Average lost 0.6 > percent to 16,209.40. All other regional markets > retreated except New Zealand and the Philippines. > > The U.S. Standard & Poor's 500 Index lost 0.9 percent > yesterday after a National Association of Realtors > report showed that a glut of unsold homes in the > world's largest economy rose to the most since October > 1991. Stocks also fell as Lehman Brothers Holdings > Inc. analysts said reduced demand for mortgage > securities may hurt earnings at Countrywide Financial > Corp. > > CDOs, Subprime > > DBS declined 2.5 percent to S$19.90 in Singapore, set > for its lowest close since Aug. 17. The lender has > S$2.4 billion ($1.6 billion) of CDOs, including S$1.1 > billion in Red Orchid Secured Assets, which it didn't > report earlier, it said in a statement to Singapore's > exchange late yesterday. > > Losses on investments related to U.S. subprime, or > higher risk, mortgages sparked a rout last month that > erased more than $5.5 trillion of stock-market value > worldwide. > > The amount with ``some exposure'' to the U.S. subprime > mortgage market remains unchanged at $188 million of > investments, or 12 percent of its CDO holdings, the > bank said today. > > The CDO and U.S. subprime-related problems ``will > likely be a slow-motion, long-tailed headwind with > worse-than-expected ultimate losses,'' analysts at > Goldman, Sachs & Co. wrote in a report. They cut DBS > to ``neutral'' from ``buy.'' > > National Australia, the country's largest bank, > declined 0.9 percent to A$39.83. Commonwealth Bank of > Australia, the second- biggest, lost 0.7 percent to > A$54.79. St.George Bank Ltd., the fifth-largest, > dropped 1.7 percent to A$34.40. > > `Nervousness' > > Australia's money market remains ``under pressure'' > and the central bank will intervene if needed to > stabilize the cost of credit amid U.S. subprime > losses, Reserve Bank Deputy Governor Ric Battellino > said today. > > ``Yields on asset-backed commercial paper as yet have > not fallen, indicating a continuing high degree of > nervousness,'' Battellino told a retail services forum > in Sydney. > > China Life, the world's biggest insurer by market > value, climbed 6.1 percent to a record HK$37.30 in > Hong Kong. The company said yesterday after the market > closed that first-half profit more than doubled to > 23.3 billion yuan ($3.1 billion) on returns from > stock-market investments. Profit beat the 16.6 billion > yuan average estimate of analysts in a Bloomberg > survey. > > Foster's, Australia's largest brewer, climbed 6.3 > percent to A$6.38, the most since August last year. > The company boosted second-half profit 16 percent > after increasing sales of more profitable beers and > hiking prices for wine. Earnings before one- time > items rose to A$325.4 million ($269 million) in the > six months to June 30, from A$280.7 million a year > earlier. > > Shipbuilders > > Asustek Computer Inc., Taiwan's largest maker of > boards that connect computer components, gained 4 > percent to NT$92.60. Asustek said profit in the first > six months rose 91 percent from a year earlier to > NT$13.58 billion ($411 million). > > ``Companies with solid scorecards are favored by > investors,'' said Vickie Hsieh, who helps oversee $1.4 > billion at President Investment Trust Corp. in Taipei. > ``Ultimately they will make decisions based
RE: [obrolan-bandar] Asian Stocks Decline on Subprime Concern; DBS Group, Banks Fall
Kalau kita teliti, dibawah nggak ada berita tentang Indonesia. :/ Regards, DE -Original Message- From: obrolan-bandar@yahoogroups.com [mailto:[EMAIL PROTECTED] On Behalf Of HS Sent: Tuesday, August 28, 2007 12:36 PM To: OB Subject: [obrolan-bandar] Asian Stocks Decline on Subprime Concern; DBS Group, Banks Fall Asian Stocks Decline on Subprime Concern; DBS Group, Banks Fall By Darren Boey and Chua Kong Ho Aug. 28 (Bloomberg) -- Asian stocks fell after Singapore's DBS Group Holdings Ltd. said it has more collateralized debt obligations than previously disclosed. DBS, Southeast Asia's largest lender, dropped to its lowest in more than a week. National Australia Bank Ltd. declined after the central bank said the country's money market remains ``under pressure'' as losses related to U.S. subprime mortgages discouraged lending. ``CDOs have become a taboo term for investors, regardless of what the underlying securities are,'' said Leslie Phang, who oversees $1 billion at Commonwealth Private Bank in Singapore. ``There's uncertainty'' as to whether more losses will emerge. China Life Insurance Co. and Foster's Group Ltd. advanced after reporting higher profits. Hyundai Heavy Industries Co. led gains among South Korean shipbuilders after STX Shipbuilding Co. said it won a contract to build bulk carriers. The Morgan Stanley Capital International Asia-Pacific Index fell 0.4 percent to 149.33 at 1:50 p.m. in Tokyo. Japan's Nikkei 225 Stock Average lost 0.6 percent to 16,209.40. All other regional markets retreated except New Zealand and the Philippines. The U.S. Standard & Poor's 500 Index lost 0.9 percent yesterday after a National Association of Realtors report showed that a glut of unsold homes in the world's largest economy rose to the most since October 1991. Stocks also fell as Lehman Brothers Holdings Inc. analysts said reduced demand for mortgage securities may hurt earnings at Countrywide Financial Corp. CDOs, Subprime DBS declined 2.5 percent to S$19.90 in Singapore, set for its lowest close since Aug. 17. The lender has S$2.4 billion ($1.6 billion) of CDOs, including S$1.1 billion in Red Orchid Secured Assets, which it didn't report earlier, it said in a statement to Singapore's exchange late yesterday. Losses on investments related to U.S. subprime, or higher risk, mortgages sparked a rout last month that erased more than $5.5 trillion of stock-market value worldwide. The amount with ``some exposure'' to the U.S. subprime mortgage market remains unchanged at $188 million of investments, or 12 percent of its CDO holdings, the bank said today. The CDO and U.S. subprime-related problems ``will likely be a slow-motion, long-tailed headwind with worse-than-expected ultimate losses,'' analysts at Goldman, Sachs & Co. wrote in a report. They cut DBS to ``neutral'' from ``buy.'' National Australia, the country's largest bank, declined 0.9 percent to A$39.83. Commonwealth Bank of Australia, the second- biggest, lost 0.7 percent to A$54.79. St.George Bank Ltd., the fifth-largest, dropped 1.7 percent to A$34.40. `Nervousness' Australia's money market remains ``under pressure'' and the central bank will intervene if needed to stabilize the cost of credit amid U.S. subprime losses, Reserve Bank Deputy Governor Ric Battellino said today. ``Yields on asset-backed commercial paper as yet have not fallen, indicating a continuing high degree of nervousness,'' Battellino told a retail services forum in Sydney. China Life, the world's biggest insurer by market value, climbed 6.1 percent to a record HK$37.30 in Hong Kong. The company said yesterday after the market closed that first-half profit more than doubled to 23.3 billion yuan ($3.1 billion) on returns from stock-market investments. Profit beat the 16.6 billion yuan average estimate of analysts in a Bloomberg survey. Foster's, Australia's largest brewer, climbed 6.3 percent to A$6.38, the most since August last year. The company boosted second-half profit 16 percent after increasing sales of more profitable beers and hiking prices for wine. Earnings before one- time items rose to A$325.4 million ($269 million) in the six months to June 30, from A$280.7 million a year earlier. Shipbuilders Asustek Computer Inc., Taiwan's largest maker of boards that connect computer components, gained 4 percent to NT$92.60. Asustek said profit in the first six months rose 91 percent from a year earlier to NT$13.58 billion ($411 million). ``Companies with solid scorecards are favored by investors,'' said Vickie Hsieh, who helps oversee $1.4 billion at President Investment Trust Corp. in Taipei. ``Ultimately they will make decisions based on corporate profitability.'' Hyundai Heavy, the world's biggest shipbuilder, added 4.8 percent to 363,500 won in South Korea. Samsung Heavy Industries Co., the second largest, advanced 3.8 percent to 46,500 won. STX Shipbuilding, the world's sixth-largest shipbuilder, rose 5.1 percent to 60,300 won
