Reading Time: < 1 minute Yesterday, ICBC, Industrial and Commerce Bank of China (6001398.SS), went up 0.57 (just one cent shy of 10%), and closed at 6.37 Yuan. With that price, ICBC exceeded Citibank and became the world largest bank (market cap wise), and closes in Microsoft in terms of market cap (bloomberg). I remember last time ICBC closed in
Reading Time: < 1 minute I placed a market order before the market open. The last time I did something similar is two years ago when the Ninetowns reported that their customers (Chinese goverment) would no longer pay them for the software. They would get a free version instead. But HLYS did worse in terms of the stock. It closed
Reading Time: < 1 minute Heelys reported a decent second quarter, at the same time it warned its second half will be more challenging. “Challenging” is a polite word, “go off track” is more proper in my mind. So I guess I will take my loss tonight when the market opens. With Heelys report, all my 6 stocks reported earning.
Reading Time: < 1 minute Here are the results. The important thing is they beat the est. and raised the guidance again. I also listened to its conference call, some interesting information: 1) The company plans to increase its international sales headcount to more than 200 people by the end of 2007 and to open offices in Amsterdam, Mexico City,
Reading Time: < 1 minute The China stock market is breaking new high again, after the May 30 “man made” crash, and amid the “housing and financial crash” in the US. Yesterday I heard from a family member, who was fairly cautious about the stock market, now thinking about put the money back to the market. This is confirmed by
Reading Time: 2 minutes Shanghai is an expensive city. I’m not talking about the red hot housing market, we all know the housing is getting very expensive here. I was talking about the relative income vs. spending. Income Yesterday evening an old friend of mine, who works for a investment research firm, told me a fresh graduate is paid
Reading Time: < 1 minute I read its earning report this morning (Shanghai is 12 hrs ahead of US EDT). They reported an inline quarter. In the past that could send the stock tank. Not this time, because the stock has been down 27% since Jan 1. The expectation is already very low. With a PE about 33, and revenue
Reading Time: < 1 minute Here is the results from PR NewsWire. To summarize: Net sales from continuing operations for the second quarter 2007 of $30.4 million were up 16.4% over the $26.1 million for the second quarter of 2006. North American sales of $11.8 million in the second quarter 2007 increased 8.2% from 2006. European sales of $12.8 million
Reading Time: < 1 minute I read it from the Forbes, Crocs bought Bite Footwear. I checked out Bite’s web site, it looks they make sports sandals, which reminds me of the “Keen” branded outdoor sandals sold in Dick’s Sporting Good. Don’t know if they are comfortable or not, but the Keens are not cheap. One interesting thing I saw
Reading Time: < 1 minute Here is the results (details from business wire). I will add more after listening to its conference call. — Second Quarter Revenues Increased 162% to $224.3 Million vs. $85.6 Million Last Year (analyst expected 188.49 to 204.20) – Company Reports 2Q07 Diluted EPS of $0.58 vs. $0.19 Last Year- (analyst est. 0.40 to 0.48) —
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