Although the sun during the day like the old as fire, but the wind had elbows, there were cool earth feeling. Secretly sigh: Autumn has come.
two-day weekend fishing trip to Laos, at first did not have too much feeling, Ma station into the mountains by car, turn on only after thousands Shui Wan see the beach, the car had been almost make some friends jaundice spit clean. My ears stuffed with MP3, as long as the music,UGGs, I would not spit. Lucky lucky.
has turned a corner, suddenly in front. What can not this time, we have for swimwear, I only wear shorts to play the umbrella, stepped on the sand Only float a little bit of a surprise to. Good fine sand, water, and almost Taimu. Can not think of this side of the mountains, there is such a place. Slippers have been walking on the shore, a man. A large group of men playing beach volleyball others want me to take pictures, 123, OK, the original will to happiness so easily imprinted imaging.
to a person walking, relative to the end, there are large areas of the reef, looking for a look at all the top seeds went so far as the size of mussels, as well as the size of a small spider crab, fast action, I have to catch catch live.
dinner nothing new,Bailey UGG boots, do not speak out. After dinner, we are under from the steps, into the beach back to the hotel. Too much artificial light, the sky was dark and the stars were also printed. Sea breeze, has been at low tide, the sand beneath the water was thousands of times too thick to push real solid, step up to say good and texture.
night walk on the beach is so in the United States one thing, the wind from my white cotton dress, not too many brackish, has been raised on curved clear, can not help but to sing songs, one exit Dikeniuzi is actually a
really comfortable, cool sea breeze Qinqin Cover your whole person, if this time I can get a chair sitting on the beach even more perfect,UGG boots, not far from a lot of people put lanterns, an orange-red, suddenly so crowded up the beach,UGG shoes, the wind rose higher and higher when the lanterns, and finally disappear.
Monday, November 8, 2010
Every day in the knife
Today I went to Hefei,UGG shoes, the first n days, I visit all day East tour the West, doing nothing. Stay up late at night, get up late morning. Yawn, and then ask yourself,UGG boots cheap, what to do today? The answer is not known. Friends say to introduce working, said, do not worry, I have not for a little bit of Hefei cold.
residence in a college of old friends that, in the USTC East, friends in that charge, ready to judicial examination. HKUST is a give me some sense of the classical school, especially in the University of foam flooding nowadays, looking for the smell of that knowledge needs to seek help in Yunnan secular super dogs. HKUST has a snack Street East Gate, are specialty stores to a few times, I can not help but love there. noon, invite friends to street food of Sichuan pickled fish. friends can not eat spicy food,Bailey UGG boots, I can not drink the spicy pickled cabbage soup mm, not very enjoyable. Sichuan ? Sichuan? Oh, I want to go to Chengdu,bailey UGG boots, the.
afternoon when I told my friend that he is going around in Hefei, a friend said not lost her, ah, I smiled. I thought, can not be lost is lost , and afraid, lost and Hefei was not much, but after all towns, there is a city forest, and its always easy to get lost in the stone forest.
residence in a college of old friends that, in the USTC East, friends in that charge, ready to judicial examination. HKUST is a give me some sense of the classical school, especially in the University of foam flooding nowadays, looking for the smell of that knowledge needs to seek help in Yunnan secular super dogs. HKUST has a snack Street East Gate, are specialty stores to a few times, I can not help but love there. noon, invite friends to street food of Sichuan pickled fish. friends can not eat spicy food,Bailey UGG boots, I can not drink the spicy pickled cabbage soup mm, not very enjoyable. Sichuan ? Sichuan? Oh, I want to go to Chengdu,bailey UGG boots, the.
afternoon when I told my friend that he is going around in Hefei, a friend said not lost her, ah, I smiled. I thought, can not be lost is lost , and afraid, lost and Hefei was not much, but after all towns, there is a city forest, and its always easy to get lost in the stone forest.
Friday, November 5, 2010
Selection of novice equipment
This is the donkey saw an article online, find it very useful, so he decided to collections, I think the future will use the.
Each just beginning or preparing to participate in outdoor sports novice, often not very clear What in the end need to purchase equipment, how to choose, so I integrated online information and some of their own experience, write this stuff.
one essential supplies
name implies, is missing its not work. And as far as possible in the purchase is also recommended the case of funds with good.
1, climbing shoes (hiking boots):
climbing shoes (hiking boots) mainly consists of three parts, upper (Upper) , in the end (Midol), and the outer bottom / sole (Outsole).
upper (Upper): The upper pair of good boots to provide excellent protection for the ankle, usually made from the skin by a piece (heel Chu and shoes, except the tongue), so wear boots after a period of time can keep a better shape. Some manufacturers are still laminated between the upper and the lining used in the waterproof breathable Gore-Tex fabric
the bottom ( Midsole): in the end provide some protection to the feet to prevent foot bruise or hit the rocks or roots. The more rugged the road, on the soles of the requirements of the higher hardness. good outdoor shoes are not only good outsole , in the end is also very hard to provide you with double protection. the end of a hardened plastic or metal plate processing to support the foot, this shoe very strong.
outsole (Outsole): The material outsole variety, the most famous is probably the Vibram. It is direct contact with the ground, so thick wear-resistant, non-slip earthquake is the most important. a lot of tread groove takes a lot to do, but it is quite simple and practical at the end of the best .
the weight of a pair of shoes in general is about 1-2 kg, is suitable for most activities. usually takes 1-2 weeks Chuan took tens of kilometers to run, it had better wear it before going out on the way out. If you do not go out to tame it before, your feet will be a lot of torture.
good manufacturers, including La Sportiva,Discount UGG boots, Garmont, Salomon, Merrell, etc. These manufacturers have good reputation. to buy time to pay attention to wear double-thick socks, your boots and shoes than you normally wear to most of the No. One. possibly the best and then come back a backpack decorated with heavy feel. In this case, you will bear much pressure on the ankle will have a clearer feelings. shoes can not be too tight, especially the toes, or you back down a day pack, toes may be congestion, not too loose, otherwise your feet will slip, when tired, and may cramp. pick be sure to try a shoe can not will, or else suffer when they go out themselves. Many people have to try a variety of styles for different numbers can be found after his boots.
2, backpacks and backpack rain cover: a backpack rain cover, rain time to prevent the rain from his backpack, zipper and stitching into
pick a backpack, be sure to pick a close, and only close to the weight of a reasonable distribution. a really good package, not carrying, but like the clothes wore the same.
First, you have to decide how much to buy the package. capacity generally ranging from 40-120 liters. For the average traveler, a 65-75 liter package is most capable long-distance travel, the girls usually buy 45-60 liter backpack suffice. vast majority of cases, most people do not need more than 100 liters backpack. and, in theory, everyone should just back up the weight of their own one-third of body weight. loading too much, when to back pain that only you know how.
Second, the election can not look when the package size, but also the suspension system (suspension system) is right for you figure, while paying attention to adjust the shoulder strap, belt, and chest strap, shoulder strap, after this adjustment and your shoulder blades should be no gap between the (crooked men exception). good package can be adjusted weight distribution on the shoulder, you can be adjusted according to physical and environmental. a good suspension system regulating the right, you can take most of the weight (60%) to the hip and buttocks, so your shoulders will be a lot easier, it is also more flexible activities. In addition, because men and women shape different from a good manufacturer specifically designed for girls, some of the backpack style. These packages carry system is based on physical characteristics of women specially crafted.
Zhizuo backpack depends on materials and then. generally choose good backpack like the 500D Cordura this sturdy little water can prevent the material. underwriter must choose super strength materials, this is one of the places most likely to wear, preferably with a 1000D Cordura fabric. YKK zipper to the large size. Although these things add too much weight, but still strong and a little better. carry the system must have a good filling material, should be strong, too soft, then wait for you when things back and more miserable. carrying system and the filler material between your body can be a little soft spot, the best is the kind of mesh, and can absorb sweat. Package side the best side of a retractable belt that, when you do not need to take a lot of things, you can tighten the side of the belt, so your package looks small, but inside things are not looked out. preferably detachable lid pocket, when you build the camp later, something else can be placed in the car or camp, to build a pick pack, on the necessity inside, so you will have a small backpack.
general pcs sleeping bag has pockets, sleeping bag if you can not decorate the other. Some packets not only from the top filled, front pockets and bags inside itself is connected. If the installed package from the package after the need to take things below, pulled from the front zipper pocket and picked it unnecessary for them to look through one by one from the top. In addition, water bottle pocket installation is also useful. better to have bundled things function. The ice ax can bring a tripod according to individual needs, and most people do not have access. drinking water systems and the like will depend on the personal habits and preferences.
Each just beginning or preparing to participate in outdoor sports novice, often not very clear What in the end need to purchase equipment, how to choose, so I integrated online information and some of their own experience, write this stuff.
one essential supplies
name implies, is missing its not work. And as far as possible in the purchase is also recommended the case of funds with good.
1, climbing shoes (hiking boots):
climbing shoes (hiking boots) mainly consists of three parts, upper (Upper) , in the end (Midol), and the outer bottom / sole (Outsole).
upper (Upper): The upper pair of good boots to provide excellent protection for the ankle, usually made from the skin by a piece (heel Chu and shoes, except the tongue), so wear boots after a period of time can keep a better shape. Some manufacturers are still laminated between the upper and the lining used in the waterproof breathable Gore-Tex fabric
the bottom ( Midsole): in the end provide some protection to the feet to prevent foot bruise or hit the rocks or roots. The more rugged the road, on the soles of the requirements of the higher hardness. good outdoor shoes are not only good outsole , in the end is also very hard to provide you with double protection. the end of a hardened plastic or metal plate processing to support the foot, this shoe very strong.
outsole (Outsole): The material outsole variety, the most famous is probably the Vibram. It is direct contact with the ground, so thick wear-resistant, non-slip earthquake is the most important. a lot of tread groove takes a lot to do, but it is quite simple and practical at the end of the best .
the weight of a pair of shoes in general is about 1-2 kg, is suitable for most activities. usually takes 1-2 weeks Chuan took tens of kilometers to run, it had better wear it before going out on the way out. If you do not go out to tame it before, your feet will be a lot of torture.
good manufacturers, including La Sportiva,Discount UGG boots, Garmont, Salomon, Merrell, etc. These manufacturers have good reputation. to buy time to pay attention to wear double-thick socks, your boots and shoes than you normally wear to most of the No. One. possibly the best and then come back a backpack decorated with heavy feel. In this case, you will bear much pressure on the ankle will have a clearer feelings. shoes can not be too tight, especially the toes, or you back down a day pack, toes may be congestion, not too loose, otherwise your feet will slip, when tired, and may cramp. pick be sure to try a shoe can not will, or else suffer when they go out themselves. Many people have to try a variety of styles for different numbers can be found after his boots.
2, backpacks and backpack rain cover: a backpack rain cover, rain time to prevent the rain from his backpack, zipper and stitching into
pick a backpack, be sure to pick a close, and only close to the weight of a reasonable distribution. a really good package, not carrying, but like the clothes wore the same.
First, you have to decide how much to buy the package. capacity generally ranging from 40-120 liters. For the average traveler, a 65-75 liter package is most capable long-distance travel, the girls usually buy 45-60 liter backpack suffice. vast majority of cases, most people do not need more than 100 liters backpack. and, in theory, everyone should just back up the weight of their own one-third of body weight. loading too much, when to back pain that only you know how.
Second, the election can not look when the package size, but also the suspension system (suspension system) is right for you figure, while paying attention to adjust the shoulder strap, belt, and chest strap, shoulder strap, after this adjustment and your shoulder blades should be no gap between the (crooked men exception). good package can be adjusted weight distribution on the shoulder, you can be adjusted according to physical and environmental. a good suspension system regulating the right, you can take most of the weight (60%) to the hip and buttocks, so your shoulders will be a lot easier, it is also more flexible activities. In addition, because men and women shape different from a good manufacturer specifically designed for girls, some of the backpack style. These packages carry system is based on physical characteristics of women specially crafted.
Zhizuo backpack depends on materials and then. generally choose good backpack like the 500D Cordura this sturdy little water can prevent the material. underwriter must choose super strength materials, this is one of the places most likely to wear, preferably with a 1000D Cordura fabric. YKK zipper to the large size. Although these things add too much weight, but still strong and a little better. carry the system must have a good filling material, should be strong, too soft, then wait for you when things back and more miserable. carrying system and the filler material between your body can be a little soft spot, the best is the kind of mesh, and can absorb sweat. Package side the best side of a retractable belt that, when you do not need to take a lot of things, you can tighten the side of the belt, so your package looks small, but inside things are not looked out. preferably detachable lid pocket, when you build the camp later, something else can be placed in the car or camp, to build a pick pack, on the necessity inside, so you will have a small backpack.
general pcs sleeping bag has pockets, sleeping bag if you can not decorate the other. Some packets not only from the top filled, front pockets and bags inside itself is connected. If the installed package from the package after the need to take things below, pulled from the front zipper pocket and picked it unnecessary for them to look through one by one from the top. In addition, water bottle pocket installation is also useful. better to have bundled things function. The ice ax can bring a tripod according to individual needs, and most people do not have access. drinking water systems and the like will depend on the personal habits and preferences.
Thursday, November 4, 2010
May holiday
I tasted the May holiday is so booming business to cool! Oh! Unfortunately, not like before traveling to play with some friends. Gains and losses, after all, have to make some money,bailey UGG boots, then enjoy ah!
have to Qingdao as tourists,Discount UGG boots, you can contact me,UGG shoes, to stay no problem (I was a hotel,UGG boots clearance, huh, huh!) to eat, play no problem (a native of Qingdao, Sha delicious fun to do in the brain)!
willing to meet friends all over wanted to come to Qingdao to play!
have to Qingdao as tourists,Discount UGG boots, you can contact me,UGG shoes, to stay no problem (I was a hotel,UGG boots clearance, huh, huh!) to eat, play no problem (a native of Qingdao, Sha delicious fun to do in the brain)!
willing to meet friends all over wanted to come to Qingdao to play!
Wednesday, November 3, 2010
Fields, the grass ... that a Jessica ...
His life for decades, is the first time people asked him to be my favorite mm for the green fields of what to write, apart from fear and trepidation, amazing that the burden was heavy. Was elected as the can not help but make me some shame, knowing not deserve, did not actually pen to paper first is the face, but the good news is the same feeling as his sister wrote Honours fields of grass, it also relieved. Moreover, the ability to User I recognized the person familiar with the thin body and mind in all that is good enough to taste and bring me the pleasure, which is sufficient, and do not say that is secondary. love itself should be a behavior that is not used for with it, then she should be a mutual give, or an interaction. Many times, love, why love, this is difficult to say things, like old-fashioned motto the phrase Love is without reason Wild grass and recommended her favorite? that is a really hard to clear these things, even if you give me millions of reasons.
often landing Sohu BBS, posting in the community home page on the ranking of the top ten Forum Dengbang bit hard to see the shadow of Chehangtianxia, if post count as a yardstick, and those who like to enter to the farmers market as a forum for lively noisy compared to a lot of money popular forum Chexingtianxia may, however, car green fields line the world because of the presence of those who post count no less in the forum top ten, she let Chexingtianxia with a unique charm, so Chexingtianxia always stand the most outstanding and Sohu BBS the ranks of the most quality forum. Whenever the users to Juhangtianxia, I am afraid will not deny that, in the fields of green grass under the leadership of the owner to take care of the Juxingtianxia collectively forum was undoubtedly the most affinity Sohu BBS forum, like the warmth of friends and relatives sold-out home. In my first step into Chexingtianxia Forum, impressed me the most is the well-fed fields of green grass under the Juxingtianxia than in the other forums have affinity , filled with vitality and warmth of her delicate. no secret that, because the fields of green grass has caused me to stay in the Chexingtianxia.
if according to the Chinese saying goes, Perhaps I need not campaign for the green fields of Sohu BBS's ! I want to grass fields, effect, I do not believe in Sohu BBS, few able to keep them shoulder to shoulder, and she should enjoy the ; sound duller. in any way advocate the times are today, , as one economist put it: do not advertise goods, just as the beautiful girl in the dark tenderness teaser. and in this feel free to recommend my favorite fields of green grass, is also described as Great Music benefit Stentor We are in such a state of increasingly narrow our warmth and joy to be extended, amplified, our emotions and our spiritual tentacles reach also extended to our state in the traditional reach to any corner. In abundance of BBS in the Internet, choose a fully responsive and able to sincerely enjoy their own state of mind forum for the exchange, its difficult as zodiac, and in thousands of Sohu BBS forum, how many in the care of the owner I am a virtual paradise this fails to account for, but I can be sure that when you are sitting, and stopped at Chehangtianxia,UGG shoes, when you're here by a grass-like wilderness surrounded by the love and warmth, you will feel that they are lucky.
owner what constitutes good owner? Sohu's head has its own standards, and each location in the body in the Sohu BBS users also will have their own standards, but if your heart fairly pure, in the Juhangtianxia, grass fields in the body, you will be able to get the perfect answer! an owner should have the basic elements of green grass in the fields who have been most fully manifested. Wild grass with its unique charisma to become Chexingtianxia Countless man named seven feet in both admiration and Sohu BBS are thousands of owner hold a candle to a spiritual force, that is, mm moved! move others, requires a capacity; move others, requires a force. move others, not deliberately but as , no rational state. moved, in fact, a very deep and extremely simple state, people can move others, must know how to enjoy moving. Wild grass, and she let us move in the monasteries, but also involuntarily close Let those who have touched the soul; Chexingtianxia, and perhaps also in every one of us inadvertently touched the source of personal achievement, murmuring flows to a desire to touch the hearts of others.
Green This is my heart Prairie Wild! her spiritual home is our most outstanding mm Chexingtianxia gardener!
because the grass fields, our home colorful and varied;
because the grass fields, and we feel happy Here is magnified, extended hh
often landing Sohu BBS, posting in the community home page on the ranking of the top ten Forum Dengbang bit hard to see the shadow of Chehangtianxia, if post count as a yardstick, and those who like to enter to the farmers market as a forum for lively noisy compared to a lot of money popular forum Chexingtianxia may, however, car green fields line the world because of the presence of those who post count no less in the forum top ten, she let Chexingtianxia with a unique charm, so Chexingtianxia always stand the most outstanding and Sohu BBS the ranks of the most quality forum. Whenever the users to Juhangtianxia, I am afraid will not deny that, in the fields of green grass under the leadership of the owner to take care of the Juxingtianxia collectively forum was undoubtedly the most affinity Sohu BBS forum, like the warmth of friends and relatives sold-out home. In my first step into Chexingtianxia Forum, impressed me the most is the well-fed fields of green grass under the Juxingtianxia than in the other forums have affinity , filled with vitality and warmth of her delicate. no secret that, because the fields of green grass has caused me to stay in the Chexingtianxia.
if according to the Chinese saying goes, Perhaps I need not campaign for the green fields of Sohu BBS's ! I want to grass fields, effect, I do not believe in Sohu BBS, few able to keep them shoulder to shoulder, and she should enjoy the ; sound duller. in any way advocate the times are today, , as one economist put it: do not advertise goods, just as the beautiful girl in the dark tenderness teaser. and in this feel free to recommend my favorite fields of green grass, is also described as Great Music benefit Stentor We are in such a state of increasingly narrow our warmth and joy to be extended, amplified, our emotions and our spiritual tentacles reach also extended to our state in the traditional reach to any corner. In abundance of BBS in the Internet, choose a fully responsive and able to sincerely enjoy their own state of mind forum for the exchange, its difficult as zodiac, and in thousands of Sohu BBS forum, how many in the care of the owner I am a virtual paradise this fails to account for, but I can be sure that when you are sitting, and stopped at Chehangtianxia,UGG shoes, when you're here by a grass-like wilderness surrounded by the love and warmth, you will feel that they are lucky.
owner what constitutes good owner? Sohu's head has its own standards, and each location in the body in the Sohu BBS users also will have their own standards, but if your heart fairly pure, in the Juhangtianxia, grass fields in the body, you will be able to get the perfect answer! an owner should have the basic elements of green grass in the fields who have been most fully manifested. Wild grass with its unique charisma to become Chexingtianxia Countless man named seven feet in both admiration and Sohu BBS are thousands of owner hold a candle to a spiritual force, that is, mm moved! move others, requires a capacity; move others, requires a force. move others, not deliberately but as , no rational state. moved, in fact, a very deep and extremely simple state, people can move others, must know how to enjoy moving. Wild grass, and she let us move in the monasteries, but also involuntarily close Let those who have touched the soul; Chexingtianxia, and perhaps also in every one of us inadvertently touched the source of personal achievement, murmuring flows to a desire to touch the hearts of others.
Green This is my heart Prairie Wild! her spiritual home is our most outstanding mm Chexingtianxia gardener!
because the grass fields, our home colorful and varied;
because the grass fields, and we feel happy Here is magnified, extended hh
Tuesday, November 2, 2010
Killed a puppy is long overdue
The dog is long overdue his death! ,Bailey UGG boots
A Middle School girl dog to school, the teacher the dog killed, and there are wrong? Out the people not to concentrate on other students to learn,UGG bailey button, full of dog feces! severe teacher points, and now children arrogant,bailey UGG boots, conniving too many things out sooner or later!
what some people say they love?
you have compassion? Do not you meat? pig shit, damn cows, sheep shit,UGGs, fish and poultry to damn it? When you walk in the nature of the land, you do not know how many trampled to death by insects? They also damn it? them and the dog does not have the same life it? Oh yeah, plants also have life, not all plant life will be bleak nature! Do not eat plants you do?
so humans do not live up to?
is because the dog accustomed to being fed by people So what if a dog's life more valuable, and even even more valuable than human life. You can buy dog food money to charity not afford school fees for those poor children, can not give alms to the poor life skills people with disabilities do?
ecological principles only, society needs rules, if you are a human, that human life is the most precious! because we maintain our human creature hegemony on earth can survive !
A Middle School girl dog to school, the teacher the dog killed, and there are wrong? Out the people not to concentrate on other students to learn,UGG bailey button, full of dog feces! severe teacher points, and now children arrogant,bailey UGG boots, conniving too many things out sooner or later!
what some people say they love?
you have compassion? Do not you meat? pig shit, damn cows, sheep shit,UGGs, fish and poultry to damn it? When you walk in the nature of the land, you do not know how many trampled to death by insects? They also damn it? them and the dog does not have the same life it? Oh yeah, plants also have life, not all plant life will be bleak nature! Do not eat plants you do?
so humans do not live up to?
is because the dog accustomed to being fed by people So what if a dog's life more valuable, and even even more valuable than human life. You can buy dog food money to charity not afford school fees for those poor children, can not give alms to the poor life skills people with disabilities do?
ecological principles only, society needs rules, if you are a human, that human life is the most precious! because we maintain our human creature hegemony on earth can survive !
Monday, November 1, 2010
Investment in internal reference (b)
Private equity fund operating idea to wait for clearance before the Olympic exposure time
before the Spring Festival from 12 months to the downstream consumer sector stocks is the opportunity to focus on concerned about the class after the Spring Festival consumption upgrade, switch as soon as the Olympic class of financial, real estate and related industries, financial and real estate and stocks for two to three months after the Olympics, the proposed clearing and settlement of investors who consider the problem of triumph, the whole of 2007, Daniel will soon be over, investors are most concern is whether the stock market next year, but also Daniel? in the lecture scene, three experts from their respective areas of expertise, respectively, as investors have made a detailed analysis and market forecasts, and investors to operate in 2008, provides guidance on the stock market recommendations.
20 evening, the 6th year the central bank announced interest rates, affect the stock market this year, the last rate hike, how to grasp the current operation, how should we get a glimpse of next year, the stock market?
on Friday night, Guoxin Securities and Shenzhen Securities Association jointly organized the and 7 of the dialogue. well-known private equity fund manager Tian Ronghua. They bear market of 2001 and 2007 bull market of the similarities and differences, to remind investors to greater risk of the stock market next year, the proposed clearance adjusted once before the Olympics.
carefully analyzed studies comparing the bear market of 2001 and 2007 bull market, 3 experts to analyze the similarities and differences between the stock market and investment philosophy in different periods. Tang Xiaosheng believe that two hours and the stock market valuation of earnings levels are high, but two hours more different points lead to different outcomes.
Jiang Guoyun that, compared with 2001, 2007, shareholders greater degree of specialization, stocks subject matter has changed. He called the third game this time era of the market: the first game people and experts; second time with the funds, securities companies and other organizations Game; the third time is a listed company and investors of. First, the agency released a report concerned whether professional, whether published in a professional, excellent analysts. Meanwhile, researchers report written by the law but also with industry.
and Tian Ronghua practical experience from their own analysis: the market environment is not good , may adopt a defensive strategy, buying stable businesses, or buy a mutation in the industry, business enterprises mutant growing very fast.
now is the time
Jiancang 6th this year, the central bank to raise interest rates, investors should do? three experts the view that the time is now Jiancang.
Tang Xiaosheng that Jiancang basic in November, December or before the Spring Festival, November to March is often the second year of 3,4 the most profitable time of the year. Jiangguo Yun Wada Jiancang glory also think it is time to present their respective positions they were 85% and 65%.
such recent attention to what you can do? Jiang Guoyun that, due to the impact of RMB appreciation and higher inflation, financial and real estate stocks recently recommended to avoid, may be concerned about air, rail, consumer goods, pharmaceutical, paper and other topics. Tang Xiaosheng also think that the small class, consumer stocks will be the future of a quarter, at least 2 months is hot. In addition to concern about growth stocks, Awkwardness in particular in the high-priced stocks.
Tian Ronghua it is recommended that investors were concerned about the consumption of different times in the next year, Olympics, financial, real estate, and various hot line of blue-chip stocks. He also reminded that next year the stock market risk will be greater, since closure A quarter of the dividend-based general, it is recommended to avoid the risk of non-professional investors choose the base closure. also recommended the public to be adjusted once the Olympics before clearing.
Tang Xiaosheng: continuous faster, his analysis may be higher inflation rate in 2008. With the interest rates may further reduce the public investment to further enhance awareness of the stock market was an important factor in the bull market has not changed.
Second, global capital flows, growth is very fast, the money may be more going to China and other emerging markets, and therefore will not be on the liquidity differential.
Third, expected in 2008 will continue the rapid development of Chinese economy, investment will not be a problem, the next two years is peak year of investment in rail traffic. Finally, the Olympic Games next year will also bring consumer-driven, and this will also form a bullish stock market continued to push.
But he also said, However, higher risk, investors should pay particular attention to valuation problems. in the specific operation, Tang Xiaosheng investment strategy recommended in the interim, consumption, relatively small investment in stocks is good. from next year, if the shareholders to resolve the peak value, the fundamentals are in good condition should be concerned with extension of the company type of company. In addition, regulation of stock index futures is weight, when the next market downturn, it should be pushed futures, because it will bring a boost to the effects of large-cap stocks. Once expected to increase, he suggested that people concerned about large-cap stocks.
Tian Ronghua: . a wider range of structural foam, lethality may be bigger than this year. He reminded investors to avoid risk may be concerned about 2 points: First, pay attention to the structural foam, the second is to ensure a good liquidity. The Olympics are still pulling on consumption the role of shareholders in June but recommended clearance should be adjusted once before.
Category 5 next hot stock concerned
5 hot stocks for priority class.
First, the consumer may be concerned about the stock. He believes that consumption-related industries will be favored in the stock market, for example, the retail consumer business class upgrade, beverages, agricultural and sideline products. In addition is the consumer products, such as household appliances, automotive, pharmaceutical and retail. Tianrong Hua remind investors that the stock is already in consumer inflation will continue, but not too long, we recommend investors focus as soon as possible.
Second, the industry may be concerned about a turning point. If these industries upwards inflection point, next year there will be profit opportunities, it will naturally bring the stock up. His analysis of the industry mainly for the industry turning point mutations, such as the collection, chemical raw materials, vitamins, some small chemical and other industries, if the industry chain to China, which is the industry turning point. investors to choose the relevant stocks. In addition, the industry inflection point may also occur in industries with high product prices, as some production out of the old industries such as cement, iron and steel, this flexible product prices in these industries strong.
third concern is when there can be event-driven, such as mutation into a new business enterprise, if the new strong profitability, asset value is very good, very good expected to worth the investment. Olympic Games is a big event-driven, next year and the Olympics plates are relationships and there will certainly be the performance of the industry, such as the Beijing business, real estate, travel, food, crafts, investors may be concerned about this one.
Fourth, be concerned about the financial and real estate. financial and real estate stocks has been adjusted too deep, especially the real estate industry. Although the state introduced the policy tightening or regulation, but there are trade mechanism exists. He believes that due to urban development and consumption upgrade, real estate supply and demand is still very prominent. With China's GDP of 5-10 years or even 15 years to maintain the more rapid growth as a national pillar industries, financial and real estate stocks are still worth the long-term bullish. Meanwhile, shares of financial and real estate industry has always been the stock market was bull market of the two most important clue.
the fifth year can be optimistic about the stock market's still a ray of blue-chip, once the introduction of stock index futures, the first-line associated with blue-chip companies will also be driven upward.
time sharing concerns Hot
Tian Ronghua also the site of different his ideas for next year's private equity operations, such as commercial retail, food and beverage, agricultural, household appliances and other industry stocks.
after the Spring Festival, he will soon switch to the Olympic class of financial, real estate and related industries shares. control measures, and there is no contraction of bank loans was especially tight, as the country still remains at 10% next year GDP growth rate, when the financial and real estate stocks will have a chance. good liquidity, the closer the Olympic Games, the better the performance, and the market index will be way up. But he believes that investors who consider the settlement at this time is adjusted when the cash proceeds.
Overall, he believes, 2008 on opportunities and risks, but most investors,UGG bailey button, the operation should be more careful, ! This is summed up as three bull market wave characteristics: appreciation of the renminbi, the currency credit crunch and inflation expectations.
he believes can the bull market in 2007 as a tightening of monetary expansion and moderate appreciation of the renminbi under the Support of the bull market can become a .2008 industry stocks, such as financial and real estate industry, represented by shares of virtual assets. because these industries affected by the negative impact of higher inflation. Only when the impact of RMB appreciation than inflation, financial and real estate stocks will re-enter a round up.
Therefore, if the inflation expectations for next year set up, he suggested that next year, investors should be appropriate to change the investment ideas. If the first half of next year, the government introduced more stringent control measures, the proposed financial and real estate investors who try to avoid, etc. Virtual asset stocks and look forward to in the second half and then concern. in the first half, he suggested that investors were concerned about the real economy sector shares of class, in addition to consumer products, there are metal, cement, culture, tourism and other industries spread of shares,UGG boots, can be As the focus of the first half.
He also suggested investors, should pay close attention next year appreciation rate and inflation rate, and make timely adjustments.
brokerage industry optimistic about 2008, looking for Crouching Tiger, Hidden Advantage of six industry
.2008 the coming new year, new investment opportunities where potential? a dark horse from which sectors are most likely rushed out? focus on what is listed lock? follow each carefully polished broker research reports, investors eye screening by others may wish to look at their own basket of stocks.
optimistic about the six major brokerage industry
paper industry: chance of leading companies. Guolian Securities believes that the October 31, 2007 Development and Reform Commission published industrial policy region, cross-sectoral, cross-ownership, with international competitiveness of large pulp and paper enterprise groups. Guolian Securities that, in this context, may be concerned about the industry or sub-industry leading enterprises, Chenming, China and Thailand shares, etc. large-scale enterprises. Secondly, the paper integration path of development has become a consensus. listed companies are involved in the concept of integration of forest Yueyang Paper, Meili, Thailand shares, Chenming Paper, King Hing Paper industry. Third, the concern about the economy began to pick up a higher degree or sub-sectors, promising white cardboard, fine paper, coated paper and other sub-sectors. the relevant company is Sun Paper, Bo and Chenming Paper. < br> Highway industries: long-term positive. Changjiang Securities believes that the release of domestic demand, foreign trade, strong network effects, weight fees, and other assets into the road sector is most worthy of attention. which key highway's potential for endogenous growth great: the asset quality; cost control skills; greater government support. Specifically, the focus of the company road runoff fast and stable growth, the average EPS growth in 2008 about 20%, two tax merger will be slightly short through high-speed impact of Anhui, Jiangxi Expressway, Shenzhen Expressway's growth rate, but its rapid growth in 2009 will resume the momentum of the rest of the company will benefit from two tax merger. focus on the value of the company in 2008 PE of 20 times, with Hong Kong and abroad similar listed companies at the same level of basic valuation depression is more obvious. on the operation of the toll collection right transfer regulations, once introduced, will focus on companies marked by doping.
aluminum industry: aluminum prices expected to rise strongly. Everbright Securities that China's aluminum market, influenced by the tariff policy, which, the domestic aluminum exports will take some time to digest the beginning of 2008, aluminum exports are expected to resume growth. aluminum industry's strategic investment opportunities from the following aspects: a is the cost of continuous improvement. mainly to enhance self-sufficiency rate for the bauxite and building a captive power plant. The second is to accelerate industry consolidation. mainly the bottom of the cycle is the dominant company to achieve production capacity expansion. Third, understanding the process of aluminum mid-.2008 , the expected strong aluminum prices, there is the possibility of super market expectations; the end of 2008, aluminum prices back up cycles. This will bring aluminum rapid development of listed companies.
power industry: revenue growth was evident. on Here, two points of view expressed SW. First of all income growth trend is clearly power enterprises, the cost of coal and non coal cost control continues to increase. boom in the industry to gradually bottom out in the background, the Electric Power Group assets injection power increased to further enhance the industry boom. current coal price rises have already attained coal Liandong requirements in the State to maintain an environment of energy prices high, the expected price increase in 2008 the possibility still exists. In general, the power profitability of the business in less dependence on coal, and coal linkage mechanism reduces the cost of the existence of large changes in risk. in the future of water, the proportion of thermal power and thermal power gradually optimize energy consumption reduction in the level of the background, it is expected from the coal power industry growth rate of about 14.6% in 2007, dropped to 12.4% in 2008, about 10.7% in 2009. Second, in the power industry labor costs and other non-coal costs decreasing. At the same time as a stable cash flow characteristics of power enterprises, making it the flexibility to use various financial instruments to reduce financing costs. On the whole, the number of hours in the power industry by picking up the trend, the power enterprises the ability to resist the rise in coal prices increased. from the service area of the power supply and demand, as well as the cost of coal enterprises control and management point of view, can focus on Yangtze Power, Huaneng Power International, SDIC Electric Power, GD, Yuedian .
equipment manufacturing industry: a long cycle of prosperity. CITIC Securities said that China is in the middle of heavy chemical industry, manufacturing is the main force of industrialization, economic development, equipment manufacturing industry is the needs of international industrial transfer and government policies to support industry machinery industry is the rapid development of machinery industry in the long-term driving force. In the period of heavy industrialization, China's machinery industry, fluctuations in the economy increased longevity, reduced volatility, the industry in the long cycle of boom . Although the face price increases of steel and other elements of pressure, but the first two years, transportation equipment manufacturing and special equipment manufacturing industry's gross margin rise, not fall, suggesting that the machinery and equipment manufacturing of technological progress can greatly ease the upward pressure on costs. sub-sectors, the machine tool industry, especially large, high-grade, precision, CNC machine tools, the early rise in the economic cycle; shipbuilding industry in the short-and long-term increase in business cycle phases; construction machinery industry in the short-term business cycle peak by 2008 speed will be about 30%; heavy machinery industry in the short-term business cycle peak; machinery parts industry is in decline in short-term phase of economic cycle.
real estate industry: prices continue to rise. CICC, said regulation will not be reversed supply and demand, prices will continue to rise in 2008. RMB long-term appreciation, inflation expectations, the strong expansion of consumption, urbanization and the demographic dividend and other factors, will continue to bring the 2008 revaluation of the real estate market potential. Currently, the policy of the interview plans By tightening the money supply, strike hard developers hoarding land, the implementation of low-rent housing and affordable housing initiatives such as the inhibition rate of housing prices. However, bank loans accounted for only 20% of developers, funding sources, and, in turn, urged the policy performance of the faster surface release and further improve the industry concentration. So the real estate industry in 2008 is still 60% higher profit growth.
Development and Reform Commission to split China Unicom telecom restructuring prescribe movement
preservation of a recently completed National Development and Reform Commission were involved in the restructuring of China's telecommunications market concern the subject of the report. The report that the 3G licenses release date is not clear and there are many obstacles to corporate restructuring cases, priority should be given to business restructuring, step by step to the existing four major telecom full-service operator license grant. The report also supports splitting China Unicom, China Mobile, against the split.
National Development and Reform Commission, Institute of Economic System and Management project of demonstration will be held the subject of an expert seminar cum. This report by the Economic Restructuring of the the impact of overall development.
Task Force clearly stated: the structural imbalance of the telecommunications industry is a resource allocation problem first of all, the current allocation of resources at the policy level, control level and all levels of market access, there are many institutional obstacles and problems; solve the structure imbalance is to achieve the most effective path to full service carriers operating, so that all operating companies in a relatively equitable access environment, the incremental market for the future to compete.
According to reports, this study Development and Reform Commission document the steps proposed telecom restructuring in the 3G license issuance date is not clear and there are many obstacles to corporate restructuring cases, give priority to business restructuring, step by step to the existing four major telecom operators to give full-service license, namely: first, their distribution on the fixed network operators mobile services license, the conditions are ripe for mobile operators, fixed-line business licenses for their distribution in the telecommunications company before the restructuring and 3G licenses issued to achieve the leading full-service business operators, while strengthening the non-symmetric control policies to support the business of the new entrants, such as number portability as soon as possible regulatory policies to promote competition.
end, the report supports split China Unicom. The telecommunications structural adjustment program. system of issuing all business licenses in the next step after the market restructuring, in accordance with the rules of capital markets, M & A bundle implementing business model of corporate restructuring.
but the subject of the report was against the split of China Mobile. The reason is to change the structural imbalance can not be taken stock and on the basis of incremental optimization.
Second, the company internal reference
president in the global recruitment group is expected to be the first quarter of next year, listed A shares in another company official
global recruitment for the president to accelerate the company's the process of international operations. the company is being listed on the orderly conduct of the first quarter of next year's expected listing in the A shares.
after China Pacific Insurance will soon become the fifth in the A-share listed insurance companies in the group --- the official re-group president of global recruiting, the company's international operations to accelerate the process. It is reported that another group of companies listed in the work is well underway, is expected in the first quarter of next year, listed A shares.
23, China Insurance Regulatory Commission announced that China China Insurance Regulatory Commission and the re-group re-open recruitment for the global company president. Candidates should have the basic conditions are: University degree, age is generally 50 years of age; general should be more than 10 years serving financial and insurance institutions experience, including at least 5 years senior management experience, domestic and international insurance and reinsurance market dynamics and development trends and business development group has a comprehensive understanding and a profound understanding; have strong English communication skills; have good psychological quality, health; nationality restriction, etc..
It is understood that on October 30 this year, the re-listing of the registered capital of 36.149 billion yuan group, the total assets of 94.005 billion yuan. Recruitment Registration for president on Dec. 21 from the beginning, planning the end of next January 15. Recruitment to the combination of examination and investigation, a combination of qualitative and quantitative evaluation of the way, in accordance with the voluntary registration, eligibility screening, comprehensive testing, interviews, visits to understand, the decision to employ such procedures.
Hunan Nonferrous Metals set foot on the road back will be issued up to one billion A shares 21
Hunan Nonferrous Metals Corporation announced that its Extraordinary General Assembly has adopted a special resolution to return to A shares, the Company will issue A shares up to 10 million shares, the equivalent of the enlarged issued share capital of the company's 21.42%. A shares after the release, H shares will increase from 44.51% down to 34.98%; parent shareholding from 55.49% down to 43.6%.
According to the plan, Hunan Nonferrous Metals A share sale proceeds, mainly for the acquisition of parent company assets and expansion, including the acquisition of Hunan Yaogangxian mining, Shuikoushan non-ferrous metals,UGGs, iron ore dressing Huangshaping Chenzhou City, antimony tin mining industry in flash stars, and Zhuzhou Zigong Cemented Carbide carbide and other parts of the company's equity or project; raise funds will be used for potential strategic acquisitions and to supplement working capital.
Hunan Nonferrous is principally engaged in non-ferrous metals (excluding aluminum) in the exploration, exploitation, production and refining , is the largest in terms of volume integrated producer of nonferrous metals, the Group's main products is tungsten, zinc, antimony, lead, compounds, alloys and other products derived from these metals.
Shangqi acquired Nanjing Auto is expected to merge South Steam will be the combined stake of 5% -8%
If nothing else, the morning of December 26, SAIC and NAC will be under the auspices of the National Development and Reform Commission, signed at Beijing's Diaoyutai State Guesthouse, the week details of the agreement were agreed upon.
NAC will be shares of 5% -8%
It is understood that plans to reach a final agreement before the end of the South combined to obtain a breakthrough in principle, SAIC and NAC have been reached in principle of the merger agreement, under this agreement, NAC will have no more than ten percent after the merger of Shanghai Automotive (600104.SH) of the shares.
shares, not more than 10%, assets before the completion of the final settlement. SAIC will be packaged into asset in exchange for SAIC. It is not clear specific financial details, but according to the Shanghai Automotive on Friday's closing price of 26.07 yuan terms, 10% of the value of 17.0 billion shares. If we can achieve this number of NAC is quite worthwhile. According to previous findings, the net assets of NAC 2.6 billion, but the two sides has not been in the NAC MG MG agree on a value determination, the NAC area It appears that count during and after the acquisition acquisition,Discount UGG boots, MG brand to create the funds invested, MG MG worth at least 100 billion.
As hard to save the Nanjing Fiat, sources said NAC will Nanjing Fiat in its 50% stake owned by Shanghai Automotive injection, but for now it seems, does not rule out the eventual dissolution of the joint venture possible.
development agencies are optimistic about SAIC comments pointed out that if The agreement finally reached, the birth of China's largest car carrier, which is also government efforts to promote and most want to see the results. and packaged by high quality assets into the listed company Shanghai Automotive Group Co., Ltd., SAIC has been in this year as a whole shares of the domestic car market and become the boss.
July 27 this year, according to SAIC-NAC merger letter of intent signed by the two sides will cooperate fully, including the assets of all integration and unified management. Nanjing Automobile All assets will be injected into SAIC, in exchange, NAC will present four major shareholders holding a stake of SAIC. determined by the total assets of exchange ratio has been the focus of discussions between the two sides, SAIC given area The bottom line is that 10% of the combined shares of SAIC, and Nanjing Automobile, which wanted a minimum proportion of 15% of the shares for more due diligence process is to become the main direction for South vapor .12 17, SAIC announced separation of 6.3 billion convertible bond issues and roadshow online bulletin .17, 18 days, and president of Shanghai Automotive Chen Hong, Chairman Hu Maoyuan were rushed to Guangzhou, Shenzhen and Beijing to meet with a number of institutional investors. institutions in general the feedback is .
level in accordance with SAIC and NAC before the forecast, the future development of NAC into 5 to 8 billion yuan. According to the five-year plan in fact the content of SAIC, SAIC business development of the NAC, the total follow-up not less than 100 billion yuan invested.
before the Spring Festival from 12 months to the downstream consumer sector stocks is the opportunity to focus on concerned about the class after the Spring Festival consumption upgrade, switch as soon as the Olympic class of financial, real estate and related industries, financial and real estate and stocks for two to three months after the Olympics, the proposed clearing and settlement of investors who consider the problem of triumph, the whole of 2007, Daniel will soon be over, investors are most concern is whether the stock market next year, but also Daniel? in the lecture scene, three experts from their respective areas of expertise, respectively, as investors have made a detailed analysis and market forecasts, and investors to operate in 2008, provides guidance on the stock market recommendations.
20 evening, the 6th year the central bank announced interest rates, affect the stock market this year, the last rate hike, how to grasp the current operation, how should we get a glimpse of next year, the stock market?
on Friday night, Guoxin Securities and Shenzhen Securities Association jointly organized the and 7 of the dialogue. well-known private equity fund manager Tian Ronghua. They bear market of 2001 and 2007 bull market of the similarities and differences, to remind investors to greater risk of the stock market next year, the proposed clearance adjusted once before the Olympics.
carefully analyzed studies comparing the bear market of 2001 and 2007 bull market, 3 experts to analyze the similarities and differences between the stock market and investment philosophy in different periods. Tang Xiaosheng believe that two hours and the stock market valuation of earnings levels are high, but two hours more different points lead to different outcomes.
Jiang Guoyun that, compared with 2001, 2007, shareholders greater degree of specialization, stocks subject matter has changed. He called the third game this time era of the market: the first game people and experts; second time with the funds, securities companies and other organizations Game; the third time is a listed company and investors of. First, the agency released a report concerned whether professional, whether published in a professional, excellent analysts. Meanwhile, researchers report written by the law but also with industry.
and Tian Ronghua practical experience from their own analysis: the market environment is not good , may adopt a defensive strategy, buying stable businesses, or buy a mutation in the industry, business enterprises mutant growing very fast.
now is the time
Jiancang 6th this year, the central bank to raise interest rates, investors should do? three experts the view that the time is now Jiancang.
Tang Xiaosheng that Jiancang basic in November, December or before the Spring Festival, November to March is often the second year of 3,4 the most profitable time of the year. Jiangguo Yun Wada Jiancang glory also think it is time to present their respective positions they were 85% and 65%.
such recent attention to what you can do? Jiang Guoyun that, due to the impact of RMB appreciation and higher inflation, financial and real estate stocks recently recommended to avoid, may be concerned about air, rail, consumer goods, pharmaceutical, paper and other topics. Tang Xiaosheng also think that the small class, consumer stocks will be the future of a quarter, at least 2 months is hot. In addition to concern about growth stocks, Awkwardness in particular in the high-priced stocks.
Tian Ronghua it is recommended that investors were concerned about the consumption of different times in the next year, Olympics, financial, real estate, and various hot line of blue-chip stocks. He also reminded that next year the stock market risk will be greater, since closure A quarter of the dividend-based general, it is recommended to avoid the risk of non-professional investors choose the base closure. also recommended the public to be adjusted once the Olympics before clearing.
Tang Xiaosheng: continuous faster, his analysis may be higher inflation rate in 2008. With the interest rates may further reduce the public investment to further enhance awareness of the stock market was an important factor in the bull market has not changed.
Second, global capital flows, growth is very fast, the money may be more going to China and other emerging markets, and therefore will not be on the liquidity differential.
Third, expected in 2008 will continue the rapid development of Chinese economy, investment will not be a problem, the next two years is peak year of investment in rail traffic. Finally, the Olympic Games next year will also bring consumer-driven, and this will also form a bullish stock market continued to push.
But he also said, However, higher risk, investors should pay particular attention to valuation problems. in the specific operation, Tang Xiaosheng investment strategy recommended in the interim, consumption, relatively small investment in stocks is good. from next year, if the shareholders to resolve the peak value, the fundamentals are in good condition should be concerned with extension of the company type of company. In addition, regulation of stock index futures is weight, when the next market downturn, it should be pushed futures, because it will bring a boost to the effects of large-cap stocks. Once expected to increase, he suggested that people concerned about large-cap stocks.
Tian Ronghua: . a wider range of structural foam, lethality may be bigger than this year. He reminded investors to avoid risk may be concerned about 2 points: First, pay attention to the structural foam, the second is to ensure a good liquidity. The Olympics are still pulling on consumption the role of shareholders in June but recommended clearance should be adjusted once before.
Category 5 next hot stock concerned
5 hot stocks for priority class.
First, the consumer may be concerned about the stock. He believes that consumption-related industries will be favored in the stock market, for example, the retail consumer business class upgrade, beverages, agricultural and sideline products. In addition is the consumer products, such as household appliances, automotive, pharmaceutical and retail. Tianrong Hua remind investors that the stock is already in consumer inflation will continue, but not too long, we recommend investors focus as soon as possible.
Second, the industry may be concerned about a turning point. If these industries upwards inflection point, next year there will be profit opportunities, it will naturally bring the stock up. His analysis of the industry mainly for the industry turning point mutations, such as the collection, chemical raw materials, vitamins, some small chemical and other industries, if the industry chain to China, which is the industry turning point. investors to choose the relevant stocks. In addition, the industry inflection point may also occur in industries with high product prices, as some production out of the old industries such as cement, iron and steel, this flexible product prices in these industries strong.
third concern is when there can be event-driven, such as mutation into a new business enterprise, if the new strong profitability, asset value is very good, very good expected to worth the investment. Olympic Games is a big event-driven, next year and the Olympics plates are relationships and there will certainly be the performance of the industry, such as the Beijing business, real estate, travel, food, crafts, investors may be concerned about this one.
Fourth, be concerned about the financial and real estate. financial and real estate stocks has been adjusted too deep, especially the real estate industry. Although the state introduced the policy tightening or regulation, but there are trade mechanism exists. He believes that due to urban development and consumption upgrade, real estate supply and demand is still very prominent. With China's GDP of 5-10 years or even 15 years to maintain the more rapid growth as a national pillar industries, financial and real estate stocks are still worth the long-term bullish. Meanwhile, shares of financial and real estate industry has always been the stock market was bull market of the two most important clue.
the fifth year can be optimistic about the stock market's still a ray of blue-chip, once the introduction of stock index futures, the first-line associated with blue-chip companies will also be driven upward.
time sharing concerns Hot
Tian Ronghua also the site of different his ideas for next year's private equity operations, such as commercial retail, food and beverage, agricultural, household appliances and other industry stocks.
after the Spring Festival, he will soon switch to the Olympic class of financial, real estate and related industries shares. control measures, and there is no contraction of bank loans was especially tight, as the country still remains at 10% next year GDP growth rate, when the financial and real estate stocks will have a chance. good liquidity, the closer the Olympic Games, the better the performance, and the market index will be way up. But he believes that investors who consider the settlement at this time is adjusted when the cash proceeds.
Overall, he believes, 2008 on opportunities and risks, but most investors,UGG bailey button, the operation should be more careful, ! This is summed up as three bull market wave characteristics: appreciation of the renminbi, the currency credit crunch and inflation expectations.
he believes can the bull market in 2007 as a tightening of monetary expansion and moderate appreciation of the renminbi under the Support of the bull market can become a .2008 industry stocks, such as financial and real estate industry, represented by shares of virtual assets. because these industries affected by the negative impact of higher inflation. Only when the impact of RMB appreciation than inflation, financial and real estate stocks will re-enter a round up.
Therefore, if the inflation expectations for next year set up, he suggested that next year, investors should be appropriate to change the investment ideas. If the first half of next year, the government introduced more stringent control measures, the proposed financial and real estate investors who try to avoid, etc. Virtual asset stocks and look forward to in the second half and then concern. in the first half, he suggested that investors were concerned about the real economy sector shares of class, in addition to consumer products, there are metal, cement, culture, tourism and other industries spread of shares,UGG boots, can be As the focus of the first half.
He also suggested investors, should pay close attention next year appreciation rate and inflation rate, and make timely adjustments.
brokerage industry optimistic about 2008, looking for Crouching Tiger, Hidden Advantage of six industry
.2008 the coming new year, new investment opportunities where potential? a dark horse from which sectors are most likely rushed out? focus on what is listed lock? follow each carefully polished broker research reports, investors eye screening by others may wish to look at their own basket of stocks.
optimistic about the six major brokerage industry
paper industry: chance of leading companies. Guolian Securities believes that the October 31, 2007 Development and Reform Commission published industrial policy region, cross-sectoral, cross-ownership, with international competitiveness of large pulp and paper enterprise groups. Guolian Securities that, in this context, may be concerned about the industry or sub-industry leading enterprises, Chenming, China and Thailand shares, etc. large-scale enterprises. Secondly, the paper integration path of development has become a consensus. listed companies are involved in the concept of integration of forest Yueyang Paper, Meili, Thailand shares, Chenming Paper, King Hing Paper industry. Third, the concern about the economy began to pick up a higher degree or sub-sectors, promising white cardboard, fine paper, coated paper and other sub-sectors. the relevant company is Sun Paper, Bo and Chenming Paper. < br> Highway industries: long-term positive. Changjiang Securities believes that the release of domestic demand, foreign trade, strong network effects, weight fees, and other assets into the road sector is most worthy of attention. which key highway's potential for endogenous growth great: the asset quality; cost control skills; greater government support. Specifically, the focus of the company road runoff fast and stable growth, the average EPS growth in 2008 about 20%, two tax merger will be slightly short through high-speed impact of Anhui, Jiangxi Expressway, Shenzhen Expressway's growth rate, but its rapid growth in 2009 will resume the momentum of the rest of the company will benefit from two tax merger. focus on the value of the company in 2008 PE of 20 times, with Hong Kong and abroad similar listed companies at the same level of basic valuation depression is more obvious. on the operation of the toll collection right transfer regulations, once introduced, will focus on companies marked by doping.
aluminum industry: aluminum prices expected to rise strongly. Everbright Securities that China's aluminum market, influenced by the tariff policy, which, the domestic aluminum exports will take some time to digest the beginning of 2008, aluminum exports are expected to resume growth. aluminum industry's strategic investment opportunities from the following aspects: a is the cost of continuous improvement. mainly to enhance self-sufficiency rate for the bauxite and building a captive power plant. The second is to accelerate industry consolidation. mainly the bottom of the cycle is the dominant company to achieve production capacity expansion. Third, understanding the process of aluminum mid-.2008 , the expected strong aluminum prices, there is the possibility of super market expectations; the end of 2008, aluminum prices back up cycles. This will bring aluminum rapid development of listed companies.
power industry: revenue growth was evident. on Here, two points of view expressed SW. First of all income growth trend is clearly power enterprises, the cost of coal and non coal cost control continues to increase. boom in the industry to gradually bottom out in the background, the Electric Power Group assets injection power increased to further enhance the industry boom. current coal price rises have already attained coal Liandong requirements in the State to maintain an environment of energy prices high, the expected price increase in 2008 the possibility still exists. In general, the power profitability of the business in less dependence on coal, and coal linkage mechanism reduces the cost of the existence of large changes in risk. in the future of water, the proportion of thermal power and thermal power gradually optimize energy consumption reduction in the level of the background, it is expected from the coal power industry growth rate of about 14.6% in 2007, dropped to 12.4% in 2008, about 10.7% in 2009. Second, in the power industry labor costs and other non-coal costs decreasing. At the same time as a stable cash flow characteristics of power enterprises, making it the flexibility to use various financial instruments to reduce financing costs. On the whole, the number of hours in the power industry by picking up the trend, the power enterprises the ability to resist the rise in coal prices increased. from the service area of the power supply and demand, as well as the cost of coal enterprises control and management point of view, can focus on Yangtze Power, Huaneng Power International, SDIC Electric Power, GD, Yuedian .
equipment manufacturing industry: a long cycle of prosperity. CITIC Securities said that China is in the middle of heavy chemical industry, manufacturing is the main force of industrialization, economic development, equipment manufacturing industry is the needs of international industrial transfer and government policies to support industry machinery industry is the rapid development of machinery industry in the long-term driving force. In the period of heavy industrialization, China's machinery industry, fluctuations in the economy increased longevity, reduced volatility, the industry in the long cycle of boom . Although the face price increases of steel and other elements of pressure, but the first two years, transportation equipment manufacturing and special equipment manufacturing industry's gross margin rise, not fall, suggesting that the machinery and equipment manufacturing of technological progress can greatly ease the upward pressure on costs. sub-sectors, the machine tool industry, especially large, high-grade, precision, CNC machine tools, the early rise in the economic cycle; shipbuilding industry in the short-and long-term increase in business cycle phases; construction machinery industry in the short-term business cycle peak by 2008 speed will be about 30%; heavy machinery industry in the short-term business cycle peak; machinery parts industry is in decline in short-term phase of economic cycle.
real estate industry: prices continue to rise. CICC, said regulation will not be reversed supply and demand, prices will continue to rise in 2008. RMB long-term appreciation, inflation expectations, the strong expansion of consumption, urbanization and the demographic dividend and other factors, will continue to bring the 2008 revaluation of the real estate market potential. Currently, the policy of the interview plans By tightening the money supply, strike hard developers hoarding land, the implementation of low-rent housing and affordable housing initiatives such as the inhibition rate of housing prices. However, bank loans accounted for only 20% of developers, funding sources, and, in turn, urged the policy performance of the faster surface release and further improve the industry concentration. So the real estate industry in 2008 is still 60% higher profit growth.
Development and Reform Commission to split China Unicom telecom restructuring prescribe movement
preservation of a recently completed National Development and Reform Commission were involved in the restructuring of China's telecommunications market concern the subject of the report. The report that the 3G licenses release date is not clear and there are many obstacles to corporate restructuring cases, priority should be given to business restructuring, step by step to the existing four major telecom full-service operator license grant. The report also supports splitting China Unicom, China Mobile, against the split.
National Development and Reform Commission, Institute of Economic System and Management project of demonstration will be held the subject of an expert seminar cum. This report by the Economic Restructuring of the the impact of overall development.
Task Force clearly stated: the structural imbalance of the telecommunications industry is a resource allocation problem first of all, the current allocation of resources at the policy level, control level and all levels of market access, there are many institutional obstacles and problems; solve the structure imbalance is to achieve the most effective path to full service carriers operating, so that all operating companies in a relatively equitable access environment, the incremental market for the future to compete.
According to reports, this study Development and Reform Commission document the steps proposed telecom restructuring in the 3G license issuance date is not clear and there are many obstacles to corporate restructuring cases, give priority to business restructuring, step by step to the existing four major telecom operators to give full-service license, namely: first, their distribution on the fixed network operators mobile services license, the conditions are ripe for mobile operators, fixed-line business licenses for their distribution in the telecommunications company before the restructuring and 3G licenses issued to achieve the leading full-service business operators, while strengthening the non-symmetric control policies to support the business of the new entrants, such as number portability as soon as possible regulatory policies to promote competition.
end, the report supports split China Unicom. The telecommunications structural adjustment program. system of issuing all business licenses in the next step after the market restructuring, in accordance with the rules of capital markets, M & A bundle implementing business model of corporate restructuring.
but the subject of the report was against the split of China Mobile. The reason is to change the structural imbalance can not be taken stock and on the basis of incremental optimization.
Second, the company internal reference
president in the global recruitment group is expected to be the first quarter of next year, listed A shares in another company official
global recruitment for the president to accelerate the company's the process of international operations. the company is being listed on the orderly conduct of the first quarter of next year's expected listing in the A shares.
after China Pacific Insurance will soon become the fifth in the A-share listed insurance companies in the group --- the official re-group president of global recruiting, the company's international operations to accelerate the process. It is reported that another group of companies listed in the work is well underway, is expected in the first quarter of next year, listed A shares.
23, China Insurance Regulatory Commission announced that China China Insurance Regulatory Commission and the re-group re-open recruitment for the global company president. Candidates should have the basic conditions are: University degree, age is generally 50 years of age; general should be more than 10 years serving financial and insurance institutions experience, including at least 5 years senior management experience, domestic and international insurance and reinsurance market dynamics and development trends and business development group has a comprehensive understanding and a profound understanding; have strong English communication skills; have good psychological quality, health; nationality restriction, etc..
It is understood that on October 30 this year, the re-listing of the registered capital of 36.149 billion yuan group, the total assets of 94.005 billion yuan. Recruitment Registration for president on Dec. 21 from the beginning, planning the end of next January 15. Recruitment to the combination of examination and investigation, a combination of qualitative and quantitative evaluation of the way, in accordance with the voluntary registration, eligibility screening, comprehensive testing, interviews, visits to understand, the decision to employ such procedures.
Hunan Nonferrous Metals set foot on the road back will be issued up to one billion A shares 21
Hunan Nonferrous Metals Corporation announced that its Extraordinary General Assembly has adopted a special resolution to return to A shares, the Company will issue A shares up to 10 million shares, the equivalent of the enlarged issued share capital of the company's 21.42%. A shares after the release, H shares will increase from 44.51% down to 34.98%; parent shareholding from 55.49% down to 43.6%.
According to the plan, Hunan Nonferrous Metals A share sale proceeds, mainly for the acquisition of parent company assets and expansion, including the acquisition of Hunan Yaogangxian mining, Shuikoushan non-ferrous metals,UGGs, iron ore dressing Huangshaping Chenzhou City, antimony tin mining industry in flash stars, and Zhuzhou Zigong Cemented Carbide carbide and other parts of the company's equity or project; raise funds will be used for potential strategic acquisitions and to supplement working capital.
Hunan Nonferrous is principally engaged in non-ferrous metals (excluding aluminum) in the exploration, exploitation, production and refining , is the largest in terms of volume integrated producer of nonferrous metals, the Group's main products is tungsten, zinc, antimony, lead, compounds, alloys and other products derived from these metals.
Shangqi acquired Nanjing Auto is expected to merge South Steam will be the combined stake of 5% -8%
If nothing else, the morning of December 26, SAIC and NAC will be under the auspices of the National Development and Reform Commission, signed at Beijing's Diaoyutai State Guesthouse, the week details of the agreement were agreed upon.
NAC will be shares of 5% -8%
It is understood that plans to reach a final agreement before the end of the South combined to obtain a breakthrough in principle, SAIC and NAC have been reached in principle of the merger agreement, under this agreement, NAC will have no more than ten percent after the merger of Shanghai Automotive (600104.SH) of the shares.
shares, not more than 10%, assets before the completion of the final settlement. SAIC will be packaged into asset in exchange for SAIC. It is not clear specific financial details, but according to the Shanghai Automotive on Friday's closing price of 26.07 yuan terms, 10% of the value of 17.0 billion shares. If we can achieve this number of NAC is quite worthwhile. According to previous findings, the net assets of NAC 2.6 billion, but the two sides has not been in the NAC MG MG agree on a value determination, the NAC area It appears that count during and after the acquisition acquisition,Discount UGG boots, MG brand to create the funds invested, MG MG worth at least 100 billion.
As hard to save the Nanjing Fiat, sources said NAC will Nanjing Fiat in its 50% stake owned by Shanghai Automotive injection, but for now it seems, does not rule out the eventual dissolution of the joint venture possible.
development agencies are optimistic about SAIC comments pointed out that if The agreement finally reached, the birth of China's largest car carrier, which is also government efforts to promote and most want to see the results. and packaged by high quality assets into the listed company Shanghai Automotive Group Co., Ltd., SAIC has been in this year as a whole shares of the domestic car market and become the boss.
July 27 this year, according to SAIC-NAC merger letter of intent signed by the two sides will cooperate fully, including the assets of all integration and unified management. Nanjing Automobile All assets will be injected into SAIC, in exchange, NAC will present four major shareholders holding a stake of SAIC. determined by the total assets of exchange ratio has been the focus of discussions between the two sides, SAIC given area The bottom line is that 10% of the combined shares of SAIC, and Nanjing Automobile, which wanted a minimum proportion of 15% of the shares for more due diligence process is to become the main direction for South vapor .12 17, SAIC announced separation of 6.3 billion convertible bond issues and roadshow online bulletin .17, 18 days, and president of Shanghai Automotive Chen Hong, Chairman Hu Maoyuan were rushed to Guangzhou, Shenzhen and Beijing to meet with a number of institutional investors. institutions in general the feedback is .
level in accordance with SAIC and NAC before the forecast, the future development of NAC into 5 to 8 billion yuan. According to the five-year plan in fact the content of SAIC, SAIC business development of the NAC, the total follow-up not less than 100 billion yuan invested.
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