Expat and Offshore Banking
Bank April 6th, 2010
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Nikkei 225 moves to the position of thin 10,795.92
Stock Report April 2nd, 2010
The Nikkei 225 Stock Average in Japan to move thin 10,795.92 position at 10:38 am in Tokyo.
Chiyoda Co. (8185 JT) trimmed 4.3% to 1163 yen, Daiei Inc. (8263 JT) dropped 6.8% to 343 yen level, Daikyo Inc. (8840 JT) depressed 8.6% to 171 yen positions.
Fast Retailing Co. (9983 JT) weakened 3.4% to 16,320 yen. Largest clothing retailer in Japan was cut to neutral rating from buy by Sho Kawano, analyst based in Tokyo at Goldman Sachs Group Inc.
Gulliver International Co. (7599 JT) rose 2.4% to 5940 yen positions, Japan Airlines Corp. (9205 JT) to decline from a position closing price at 67 yen on January 8 after the airline’s creditors said they would agree on bankruptcy.
Japan Wind Development Co. (2766 JT) rose 4% to 260,300 yen positions. NGK Insulators Ltd.. ‘S (5333 JT) climbed 1.5% to 2164 yen positions.
Mori Seiki Co. (6141 JO) gained 2.3% to be 980 yen, Sony Corp. (6758 JT) rose 1% to 2836 yen. Panasonic Corp. (6752 JT) rose 2.2% to 1402 yen.
Sankyo-Tateyama Holdings Inc. (3432 JT) terjegal 6.7% to 125 yen positions, Shin Nippon Biomedical Laboratories Ltd.. (2395 JT) gained 2.4% to 547 yen positions.
Shinko Electric Industries Co. (6967 JT) fell 4.2% to 1241 yen. Sumitomo Metal Industries Ltd. (5405 JT) rose 3% to as low as 275 yen, Nippon Steel Corp. (5401 JT) rose 2.1% to 384 yen. JFE Holdings Inc. (5411 JT) climbed 2.1% in 3715 yen and Kobe Steel Ltd. (5406 JT) rose 2.2% to 186 yen.
THK Co. (6481 JT) rose 2.3% to 1821 yen, Toyota Motor Corp. (7203 JT) rose 2.3% to 4050 yen, Yamaha Corp. (7951 JT) rose 5.3% to 1160 yen.
Samsung Electronics Co. of South Korea's exciting market
Stock Report April 2nd, 2010
seed stock exchange index of South Korea, the Kospi Index, rose 0.20% at 9:05 pm
Index supported by the 761 companies traded on the Korea Exchange rose 3.46 points to 1697.58. Among the supporters of the index stocks, 269 rose, 258 fell, and another 234 remain.
The increase was driven by the Kospi Index of Korea Electric Power Corp., Lg Chem Ltd and Hyundai Motor Co.. At least 19.78 million shares changed hands on the exchange’s Affairs ginseng.
Samsung Electronics Co. Ltd., which rose to 799,000 won, 2000 won, was recorded as the most active stocks traded in South Korea.
Other active stocks are traded is Korea Electric Power Corp., which rose to 35,900 won, 1000 won, and Lg Chem Ltd, which rose to 5500 won 219,500 won
Support the market momentum to strengthen the rupiah
Forex April 2nd, 2010
The analyst believes the foreign exchange market this year a lot of good momentum for the rupiah if they see the improvement in global conditions could push the rupiah strengthened to Rp9.000 range Rp8.000 per U.S. dollar.
“Today, the rupiah had strengthened to below the level of Rp9.000 per U.S. dollar. And it could move further strengthened if they see a lot of good momentum into the future. Global conditions improved while the U.S. dollar was depressed by unemployment situation in the country,” said the dealer currency in one of the state-owned banks, today.
According to him, the problem is somewhat worrying for the development of related rupiah Bank Century settlement of the case. “We do not know the direction where this case. If the ends are political and suddenly the finance minister was replaced, yes of course it will influence the market. However, so far we do not know him anywhere,” he explained.
Another factor that could push the rupiah could come from rising oil prices and other commodities in the world. Oil prices today reached U.S. $ 83 per barrel to show the potential increase in the next few weeks.
“If oil and commodity prices continue to rise, it will impact on the measures taken by the government related to fuel prices. If you ride, its effect can be the price of LPG, which pushed inflation at the end.”
In addition, the impact of the implementation of the Asean free trade-China Free Trade Agreement (ACFTA) to the industrial sector should also be observed. According to him, actually ACFTA implementation of the government is betting on the economy. The problem, if not in full support by the government, for example by the imposition of certain tariffs, it will weaken the economy.
“The government must not rashly and domestic products will be fully supported. Government can not escape the hand,” he explained.
On the other hand, a positive signal for the rupiah, also visible from the emission of government bonds amounting to U.S. $ 4 billion this afternoon.
Analysts had estimated at least 2011 or 2012, Indonesia back into the category of investment grade as in 1996. “At that time [1996], Indonesia has a BBB rating, but lowered the monetary crisis. Next year’s rate could rise to the re-investment grade category,” he said.
Adira Quantum financing tends to flat this year
Finance April 2nd, 2010
PT Adira Quantum Emerging new state financing (booking) this year are flat (flat) because not far from the achievement of bookings last year through Rp1, 2 trillion.
Director of Sales and Distribution Industries Ruslim Adira Quantum Muljadi revealed in this year’s financing is expected to move at Rp1, 2 trillion and Rp1, 4 trillion.
“You could say a little flat funding from a year ago because it affected the global crisis also in the early years,” said the Bisnis.com Ruslim, not long ago.
He reveals one of the factors due to financing stagnannya high expectations on this year Lebaran tenyata far from expectations.
“When Lebaran, our expectations high enough, but the increase is only a little. Last year, Lebaran be increased to 39% -40%, but this year rose 5% -10% is probably a little crisis,” he said.
However, he continued, his party said would improve economic conditions so as to encourage electronic financing. He said expectations had also influenced the demand of electronic products that dominate the next year as computers, electronics, and furniture along with people’s lifestyles are changing.
Adira Quantum Emerging Markets is one of the businesses in addition to PT Bank Danamon Adira Dinamika Multifinance Tbk (Adira Finance). Adira Quantum moves on electronic finance segment as Adira Finance motor vehicle finance.
