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 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. The > company said yesterday it received a 202 billion won > ($215 million) order from Europe to build four bulk > carriers. STX has won about $7.5 billion in contracts > this year, 75 percent of its annual target. > > Rating Cuts > > Samsung Electronics Co., the world's largest maker of > computer-memory chips, lost 1.2 percent to 570,000 > won. Jay Choi, an analyst at Citigroup, cut his rating > on the stock to ``hold'' from ``buy,'' according to a > report. > > Hynix, the world's second-biggest maker of memory > chips, fell 4.2 percent to 32,900 won. Choi reduced > his call on the stock to ``sell'' from ``buy.'' > > Mitsubishi Estate Co. and Mitsui Fudosan Co., Japan's > largest developers, gained after the Nikkei said > office rents in Tokyo rose 1 percent in July, the most > in five months. > > Mitsubishi Estate added 0.7 percent to 3,100 yen. > Mitsui Fudosan added 0.8 percent to 2,985 yen. > > To contact the reporter on this story: Darren Boey in > Hong Kong at [EMAIL PROTECTED] > > Last Updated: August 28, 2007 00:54 EDT > > >
