Want your
own Fotopage?
|
|
huang's FotoPage
By: huang huangjiahua
[Recommend this Fotopage] |
[Share this Fotopage]
| [Track this Fotopage]
|
|
[Archive]
|
|
|
|
| Wednesday, 1-Jun-2011 06:01 |
Email | Share |  | Bookmark |
|
Greater China Daybook: May Manufacturing PMI; Interest Rates, Yu
|
|
China’s manufacturing growth probably increased at a slower pace in May, with the purchasing managers’ index dropping to 51.6 from 52.9 in April, according to the median estimate of 16 economists in a Bloomberg survey.
The country’s logistics federation and statistics bureau are scheduled to release the number at 9 a.m. today in Beijing. HSBC Holdings Plc will release PMIs that it compiles for Taiwan and mainland China, at 10 a.m. and 10:30 a.m. respectively.
TOP MEDIA HEADLINES TODAY:
* China may increase the yuan’s trading band, interest rates and
the reserve requirement ratio for banks this month to curb
inflation, Shanghai Securities News reports, citing unidentified
market participants
* China may raise interest rates this month, China Securities
Journal reports, citing unidentified analysts
* President Hu Jintao calls for greater efforts to promote the
development of strategic emerging industries, Xinhua says
* Premier Wen Jiabao said it’s the nation’s goal to build an
uncorrupted, frugal government, the People’s Daily reports
* China has started a nationwide investigation into the use of
government motor vehicles, Xinhua reports
* Yahoo reaches an agreement with Alibaba Group over Alipay,
Reuters says, citing two unidentified people
* Rising costs and power shortages may slow industrial output
growth, China News Service reports
* China sells 250,000 metric tons of sugar from stockpiles,
State Radio says
* China will suspend approval for new projects in cities and
provinces with heavy-metal pollution cases, Xinhua says
WHAT TO WATCH:
* Commerce Minister Chen Deming speaks at China Trade in
Services Congress in Beijing, 9 a.m.
* Former U.K. Prime Minister Tony Blair and China Investment
Corp. Chairman Lou Jiwei speak at JPMorgan’s China conference in
Beijing
* China has more than one million millionaires as growth,
savings and the rising yuan added 262,000 in 2010
* Mongolian Mining (975 HK) is close to buying a mine from a
unit of Kerry Holdings for $465 million, two people say
* China will shift up to 3 trillion yuan ($463 billion) of debt
off local governments, Reuters says, citing unidentified people
* Aluminum producers in China get notices from energy suppliers
telling them to prepare for power cuts, a researcher says
* Russia, China are discussing expanding an oil pipeline; “one
little step” remains in gas-supply pricing talks, says Liu
Tienan, head of the National Energy Administration
* Two Chinese executives accused of attempting to obtain
radiation-hardened microchips are set to plead guilty today
MARKETS:
* S&P 500 rises 1.1 percent to 1,345.20
* Dow Jones Industrial Average gains 1 percent to 12,569.79
ECONOMY:
* China May manufacturing PMI, 9 a.m.
* HSBC May Taiwan Manufacturing PMI, 10 a.m.
* China May HSBC manufacturing PMI, 10:30 a.m.
* Soufun Holdings Ltd. publishes May home prices data
EARNINGS:
* Link REIT (823 HK); press conference 2:30 p.m., after numbers
EQUITY MOVERS: Selected stocks that may rise or fall:
* Aluminum producers in China receive notices from energy
suppliers telling them to prepare for power cuts
* Hong Kong retailers: sales in the city gained by 28 percent in
April from a year earlier, their biggest increase since 1991
* Steelmakers: China isn’t slowing its consumption of iron ore,
Vale CFO Guilherme Cavalcanti says
* Hong Kong developers: The city government will sell land in
the Sai Kung district by tender
* Toymakers: China pledges to continue “perfecting” the
supervision of the industry to ensure product safety
* AIA Group (1299 HK) stockholder NWS Financial Management is
selling 19.7 million shares at HK$27.45 each
* AV Concept (595 HK) agrees to sell unit Dragon Favor for 40.8
million yuan ($6.3 million)
* BYD Electronic (285 HK) will buy 100.5 million yuan of
production equipment from BYD Co. (1211 HK)
* China Eastern Airlines’ (670 HK) 51-percent-owned China Cargo
Airlines and an inauguration ceremony in Shanghai yesterday
* China Overseas Land (688 HK) signs a five-year HK$6.2 billion
($797 million) syndicated term loan with 11 banks
* China Southern (1055 HK) will buy six Boeing 777 freighters
* China Telecom (728 HK) says reports of a planned management
change are “unfounded”
* Citic Dameng (1091 HK) agrees to inject further 170 million
yuan into a venture
* Datong Coal (601001 CH) will jointly develop the 4.7 billion
yuan Fanwangsi coal mine project in Shanxi with its parent
* GD Power (600795 CH) starts operating the No. 3 unit at its
Shenxigou hydropower plant after a trial run
* GCL-Poly (3800 HK) forms a venture with Canadian Solar to
build a 600-megawatt solar-wafer plant
* Hidili (1393 HK) resumes production at its mines in Guizhou
province and in Qujing in Yunnan province
* Hong Kong Exchanges (388 HK) says 16 companies applied for
stock-exchange listings last month
* Huadian Power (600027 CH) announces plans for 16 billion yuan
of short- and medium-term debt, some of it already issued;
tariffs to rise by 0.0171 yuan a kilowatt our
* Intime (3813 HK) will provide up to 300 million yuan for
the Chengxi department-store project
* Irico (438 HK) will by 21 percent of Jiangsu Yongneng
Photovoltaic Technology for 73.5 million yuan
* King Stone (663 HK) extends the deadline for completing its
Shanxi Coal mine purchase to July 31
* Mongolian Mining (975 HK) is close to buying a mine from a
unit of Kerry Holdings for $465 million, two people say
* Pou Sheng (3813 HK) first-half profit rises to $35.5 million
from $8.82 million; sales gain 18 percent
* Rongsheng Heavy (1101 HK) will sell 10 panamax carriers to
China Ship Fund for up to $32 million each, a broker says
* Sands China (1928 HK): An unidentified stockholder is selling
120 million shares at HK$19.50 each, a term sheet shows
* Shui On Construction’s (983 HK) parent extend the deadline for
its buyout offer for the company to June 1
* Stella (1836 HK) sets up distribution joint ventures in Hong
Kong and China for Pierre Balmain brand shoes and accessories
* Yongye, (YONG US) a target of a short seller, will receive a
$50 million investment from Morgan Stanley.
* Yue Yuen (551 HK) first-half net income gains 9.2 percent to
$230.1 million; sales gain 24 percent to $3.3 billion
RATINGS CHANGES:
* Nanjing Pharma (600713 CH) new “add” at Sealand Securities
* Wuxi Huaguang (600475 CH) new “add” at Sealand Securities
* Zhonghua Geotechnical (002542 CH) new “buy” at Capital
GOVERNMENT:
* China Trade in Services Congress in Beijing; Commerce Minister
Chen Deming speaks at 9 a.m.
* Taiwan’s National Communications Commission meeting, 9 a.m.
BOND SALES:
* China’s Ministry of Finance sells 30 billion yuan of three-
year bonds, 10:30 a.m.
CORPORATE EVENTS/CONFERENCES:
* Computex Taipei, to June 4; AMD press conference at 10:30
a.m.; Intel notebook/table event, 3 p.m.
* JPMorgan’s closed-door conference in Beijing; Former U.K.
Prime Minister Tony Blair and CIC Chairman Lou Jiwei speak.
* China Trade in Services Congress in Beijing; Commerce Minister
Chen Deming speaks at 9 a.m.
* Services Trade Forum hosted by Chinese University of Hong
Kong; speakers include Jardine Matheson MD Anthony Nightingale,
* AlixPartners Managing Director Ivo Naumann holds press
conference in Shanghai on 2011 China automobile outlook, 2 p.m.
BTV HIGHLIGHTS (Hong Kong time):
* 7:40 David Winters, Wintergreen Advisers, CEO
* 8:10 Jesse Lentchner, BTIG Asia Pacific, CEO
* 9:10 Dariusz Kowalczyk, Credit Agricole, senior
economist/strategist
* 10:10 Nicholas Yeo, Aberdeen Asset Management, investment
manager
|
|
|
|
|
|
| Wednesday, 1-Jun-2011 06:01 |
Email | Share | | Bookmark |
|
Colombia Farmers Steer Asians From Tea
|
|
Colombia, known for coffee farmer Juan Valdez and his donkey sidekick Conchita, is looking to steer new generations of Chinese consumers to pick up a latte instead of tea.
Colombia’s National Coffee Growers Federation is hosting experts from China for tastings this week and created a logo to promote the brand in the Asian nation, the group’s Chief Executive Officer Luis Munoz said. The logo includes a phonetic spelling of the fictional farmer’s first name, followed by Chinese characters for “imperial,” “aroma” and “savor” as Colombia targets an “exponentially growing” market, he said.
“The culture is thousands of years old,” Munoz said in a May 26 interview at the group’s headquarters in Bogota. “It’s clear the market has new generations” open to drinking coffee and not just tea, he said.
Colombia, the world’s second-largest grower of arabica coffee, as well as Nestle Corp. and Starbucks Corp. (SBUX), are eyeing new customers in China as an expanding economy spurs consumer spending and retail sales. Seattle-based Starbucks, the world’s largest coffee-shop operator, plans to more than triple its outlets on mainland China to 1,500 by 2015 as average profitability at stores there outpaces the U.S.
Purchases by younger Chinese are fueling demand for arabica coffee by 10 percent to 15 percent a year, according to an industry group known as China Coffee Association Beijing. Mild arabica beans are favored by brewers of specialty drinks such as Starbucks.
Supply and Demand
While consumption of commodities in China has led to higher prices for oil, coal and copper, the market for Colombian coffee in the Asian nation is “very small” and won’t tip the balance between supply and demand, Munoz said.
China’s imports of coffee will rise to 450,000 bags in the 2010 crop year from 425,000 a year earlier, according to U.S. Agriculture Department figures. Each bag weighs 60 kilograms, or 132 pounds.
Colombia is making inroads in Asia as it seeks to more than double its output this decade after the price of coffee touched a 14-year high in May. China, Japan, Korea and Australia bought about 17 percent of Colombia’s crop last year of 8.9 million bags of arabica coffee, according to Munoz.
“We are bringing Colombian coffee to markets that once were far away,” he said. “Asia will grow enormously.”
China ranks first among 22 emerging Asian economies as the nation most likely to maintain fast growth over the next five years, according to the Bloomberg Economic Momentum Index for Developing Asia.
14-Year High
Arabica coffee jumped to $3.089 on May 3, the highest since May 1997, in part as storms cut Colombia’s April harvest. Coffee has gained 94 percent in a year. Arabica for July delivery rose 0.90 cent, or 0.3 percent, to $2.6460 a pound at 2 p.m. on ICE Futures U.S. in New York.
The federation, which represents the majority of Colombia’s more than 550,000 coffee growers, forecasts 2011 production of 9.5 million bags, and output may jump to 18 million bags in 2020, according to Munoz. In 2009, the crop fell to a 33-year low of 7.8 million bags as adverse weather damaged plants.
Next year, growers will harvest as much as 11 million bags, according to the federation.
From October 2011 through September 2012, Colombian production will rise to 10.5 million bags from 9.5 million bags in the year-earlier period, partly as growers combat disease, the U.S. Department of Agriculture said in a report this month.
Brazil is the largest producer of arabica coffee.
|
|
|
|
|
|
|
[Archive]
|
|
 |
|
