- 663

....Assuming that Paulson executed his trades at the trade weighted average price of Sino-Forest between June 3rd and June 17th, he would have sold his 34.7 Million shares for C$145.5 Million. These shares were valued at C$808.5 Million at the beginning of 2011. So, Paulson’s 2011 loss in Sino-Forest were probably at most C$663 Million. !!

China news

Yingli Green Energy Holding Co (NYSE: YGE), a leading Chinese integrated photovoltaic producer, will build a factory in the US state of Texas or Arizona, said chairman and CEO Miao Liansheng. The company also plans to spend $17 million sponsoring the World Cup in 2014.
Qihoo 360 Technology Co (Nasdaq: QIHU), a leading Chinese online security software developer, has paired up with German IT security software provider Avira to share antivirus technology and cooperate in research. Qihoo 360 president Qi Xiangdong said that on top of existing tie-ups with Avira and Romania-based antivirus developer BitDefender, Qihoo 360 would seek partnership with more overseas peers.
Royal Dutch Shell Plc (NYSE: RDS.A) said it will work with China National Petroleum Corp, the parent of PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857), to set up a 50:50 venture to drill onshore gas wells in China. China wants to triple its use of natural gas to 10% of energy consumption by 2020 as it cuts reliance on coal.
The China Development Bank said it had signed an agreement to offer a ¥60 billion credit line to China Southern Airlines Ltd (NYSE: ZNH, SHA: 600029, HKG: 1055) to support the nation's largest carrier's operating activities. Separately, China Southern Airlines ordered $250 million worth of V2500 engines from Rolls Royce Holdings Plc for its Airbus A320 aircraft.
China Mobile Ltd (NYSE: CHL, HKG: 0941) said it attracted 5.02 million new customers including 2.62 million 3G service users in May, increasing their total numbers to 611 million and 32 million respectively. China Unicom Ltd (NYSE: CHU, SHA: 600050, HKG: 0762) said it attracted 1.74 million new 3G service users and 834,000 new broadband users in May, taking their total numbers to 22.09 million and 51.26 million respectively.
Qinhuangdao Tianye Tolian Heavy Industry Co (SHE: 002459), said it plans to spend ¥40.4 million purchasing a 51% stake in Eden Technology, an Italian machinery maker. The company expects the deal to contribute up to ¥17 million to this year's profit.

Terres rares

Chinese exports of the 17 elements used to make a variety of high-tech and military gadgets fell 8.8% in the first five months of this year compared against the year-earlier period. Declining Chinese exports are believed to be one of the catalysts behind the recent surge in rare earths as China controls 95% of the rare earths export market.
Chinese exports fell to 23,742 metric tons in the January-May period, the Wall Street Journal reported, citing China’s Economic Information & Agency. Beijing also reiterated its vow to remain vigilant against violators of the export quotas, the Journal reported.

PetroLogistics Files To Come Public

http://www.petrologistics.com/

PetroLogistics LP has filed its paperwork with the SEC to raise $600 million in equity capital in an initial public offering. The company will list it common shares on the New York Stock Exchange under the symbol “PDH.” Formal financial terms are not yet available.
PetroLogistics LP owns and operates the world’s largest facility that processes propane into propylene. Propylene is one of the basic building blocks for petrochemicals that is utilized in the production of a variety of end uses including paints, coatings, building materials, clothing, automotive parts, packaging and a range of other consumer and industrial products.
The company claims to be the only independent, dedicated “on-purpose” propylene producer in North America. Strategically located in the vicinity of the Houston Ship Channel and within 50 miles of approximately one-half of all U.S. propylene consumption.

Entrevue de Guy Hachey au " Paris air show" cnbc

STRONG BUY AGGRESSIVE !

Jun 20, 2011 01:17 AM ET

Hong Kong property prices may fall as much as 15 percent by the end of the year, said Walter Kwok, former chairman of Sun Hung Kai Properties Ltd. , the world’s biggest developer by market value.

Ça viens contredire une autre nouvelle Chinoise qui dit...

The government will add more than 20,000 homes this year and may offer more land for residential projects.

....un -15 % au Canada soon ??

Peabody Energy et Arch Coal vont en profiter

The National Development and Reform Commission is working on cutting the 17% tariff on imported coal and related fees for port operation, a source of the China National Coal Association.
China became a coal net importer in 2009, and recorded a net import amount of 146 million tons in 2010. Its coal imports are expected to grow rapidly in the years to come as the economy continues to expand.
China imported 22% less coal in the first four months of this year from the same period a year ago, due to rising international coal prices.
Reduced tariffs on coal and port operation fees will help ease the coal shortages in the coastal industrial bases and put a check on domestic coal prices, a BOC International report said.
International coal prices are currently ¥108/ton costlier than domestic coal, according to China Minzu Securities. A percentage point decrease in the 17% tariff would reduce the cost of imported coal by ¥9/ton, so a four percentage point decrease, which Minzu Securities reckons the most likely, would narrow the gap between international and domestic coal prices to ¥72/ton.

Le 9 Mai dernier CITIgroup a fait une reverse split de 10/1....passant de 4.52$ à 45.20$.

Le stock est à 38$ now.

Il y a maintenant 2,9 millions de parts sur le marché.....la compagnie est un ultra-low float. Ce qui est spécial c'est de voir les volumes toujours aussi haut chaque jours...

...devenu un jouet de day-traders en fin de compte.