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China Spends More on Infrastructure Than the U.S. and Europe Combined
June 15, 2016 — 1:00 AM PDT
Despite a crying need for better infrastructure, investment in it has fallen in 10 major economies, including the U.S., since the financial crisis, according to a new study by the McKinsey Global Institute. Meanwhile, China is still going gangbusters on roads, bridges, sewers, and everything else that makes a country run.
"China spends more on economic infrastructure annually than North America and Western Europe combined," according to the report published on Wednesday.
Economists around the world have been arguing that now is a great time to invest in infrastructure because interest rates are super-low and the global economy could use the spending jolt. "Is anyone proud of Kennedy airport?" Harvard University economist Lawrence Summers likes to ask.
The MGI report cites 10 countries in which infrastructure spending fell as a share of gross domestic product from 2008 to 2013: the U.S., U.K., Italy, Australia, South Korea, Brazil, India, Russia, Mexico, and Saudi Arabia. (The study counts 11 economies, but that's because it lists the European Union as a separate entity.) In contrast to the widespread declines, the institute says, infrastructure spending grew as a share of GDP in Japan, Germany, France, Canada, Turkey, South Africa, and China.
The chart below from the MGI report shows China's strength in infrastructure spending. Its bar is the highest. The colored slices represent different kinds of infrastructure, while the width of the bars signifies the size of the economy. The U.S. bar is wide and short because it represents a big economy with low spending.
Nonetheless, there's such a thing as too much infrastructure spending. At current rates of investment, China, Japan, and Australia are likely to exceed their needs between now and 2030, the McKinsey & Company-affiliated think tank says.
To fund more public infrastructure, the report favors raising user charges such as highway tolls, among other measures. To encourage more private investment in infrastructure, MGI argues for increasing "regulatory certainty" and giving investors "the ability to charge prices that produce an acceptable risk-adjusted return."
i sure dont like going down but i think its healthy to breathe in and out with a stock and all we need is the next pr to head above .05 and beyond. JMHO
Disney's Already Expanding Its Shanghai Resort
June 14, 2016 — 7:09 PM PDT
Walt Disney Co. has hosted over 600,000 visitors at its first theme park in mainland China since trial operations started early May, and its “enormous potential” has already prompted Disney to expand the resort, said Chief Executive Officer Robert Iger.
“After we broke ground we paused to really recognize the growth of China’s tourism and Shanghai visitation and the general growth in the Chinese market and we decided to build something even bigger,” Iger said in a briefing at Shanghai Disneyland on Wednesday, a day before the resort opens.
Burbank, California-based Disney has 7 square kilometers (7 ha) of land available at the site and has already started construction to expand attractions within it, Iger said. The existing resort covers about 3.9 square kilometers, larger than originally planned as the company added attractions including a performance based on “Frozen” after the movie became a hit in China, he said.
The $5.5 billion resort is the largest foreign investment ever from the world’s biggest theme-park operator and a career milestone for Iger, as past international park efforts have been marked by cultural missteps and years of losses. Shanghai’s government last month estimated about one million Chinese flocked to public areas surrounding the resort, including a strip of shops and a lake, since its subway station opened April 26.
yes i think so mike....
yeah after july 1st and that second deal is done is what they stated. hopefully they lay out a doosie for all to see. i think that alot of players are on the sidelines waiting for that one. Chris has a back ground of being a Negotiator/trader of various things and it looks like thats what hes trying to setup. it seems like it was kinda the plan all along from reading the older news releases. also i was doing some digging and found out that Chan was on the board of sterling back in 2005 and thats interesting because they all know each other even way back then so with china heating up and these guys well established, i think we are gonna have a HUGE winner here. GLA, paydirt
China May Home Sales Rose 32.9% Amid Policy Tightening Measures
slow down???? are they frickin kidding me????
June 12, 2016 — 7:27 PM PDT
China’s new home sales rose 32.9 percent in May from a year earlier, amid policy tightening in some of the nation’s largest cities.
New home sales rose to 773 billion yuan ($117 billion) last month from a year earlier, according to Bloomberg calculations based on data the National Bureau of Statistics released Monday. The increase compares with a 63.5 percent surge the previous month. Home sales fell 2.6 percent in May from April.
The government is seeking to clear a glut of unsold homes in smaller cities while encouraging curbs in top economic hubs, where prices have soared amid stimulus measures and lowered interest rates. Among the cities to impose curbs were Shanghai and Shenzhen, where new-home prices in April soared 28 percent and 62 percent respectively from a year earlier. Suzhou, Nanjing and Langfang have also introduced tightening measures.
Even if local curbs will lead to a “sharp fall” in sales, volumes will rebound, JPMorgan Chase & Co. Hong Kong-based property analyst Ryan Li wrote in an e-mailed response on Wednesday. Li forecasts the value of the nation’s home sales to jump 16 percent this year. ‘‘Apart from Shanghai, all other cities are not seeing tight policy that can curb demand,” Li wrote.
Property development investment growth, which expanded at the slowest pace in 15 years in December, was 7 percent in the first five months of the year. That’s slower than the 7.2 percent increase in the first four months.
Developers bought 5.9 percent less land in the period, while new construction starts increased 18.3 percent.
really looking forward to this PR.......
"Euro Asia intends to publish a detailed strategy update subject to successful closing of the deal."
"We are building a Chinese mega conglomerate!"
we sure are mike.... cant wait to see where all this is going :)~
story has some legs......
BRIEF-Euro Asia Premier Real Estate plans purchase of Yanxi ...
www.reuters.com/article/idUSFWN18U00K
Reuters
1 day ago - Plans purchase of Yanxi Industrial Shanghai Company Ltd. * Purchase price is to be settled by the issue of shares. * Purchase price amounts to ...
Euro Asia Premier RE : 02 June 2016 Euro Asia to acquire Yanxi ...
www.4-traders.com › Equities › Xetra › Euro Asia Premier RE Co Ltd
1 day ago - Euro Asia to acquire Yanxi Industrial Shanghai Company Ltd. Hong Kong, SAR Peoples' Republic of China, 02 June, 2016 Euro Asia Premier ...
Euro Asia Premier Real Estate Company Ltd.: Euro Asia beabsichtigt ...
https://www.irw-press.com/.../euro-asia-premier-real-e...
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1 day ago - Euro Asia Ltd. Euro Asia Premier Real Estate Company Ltd.: Euro Asia beabsichtigt Erwerb der Yanxi Industrial Shanghai Company Ltd.
BRIEF-Euro Asia Premier Real Estate plans purchase of Yanxi ...
www.ooyuz.com/geturl?aid=11855383
1 day ago - June 2 Euro Asia Premier Real Estate Co Ltd : * Plans purchase of Yanxi Industrial Shanghai Company Ltd. * Purchase price is to be settled by ...
BRIEF-Euro Asia Premier Real Estate plans purchase of Yanxi ...
www.topnewshour.com/...yanxi-industrial-shanghai-company-ltd/96813...
BRIEF-Euro Asia Premier Real Estate plans purchase of Yanxi Industrial Shanghai Company Ltd. by www.reuters.com. * Purchase price amounts to approx.
Euro Asia beabsichtigt Erwerb der Yanxi Industrial Shanghai ...
austria.shafaqna.com/DE/AT/72587
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1 day ago - Euro Asia beabsichtigt Erwerb der Yanxi Industrial Shanghai Company Ltd. [IR News]. * Kaufpreis soll durch die Ausgabe von Aktien beglichen ...
Shanghai - Google News
https://news.google.com.ph/.../section?...Shanghai...
Google
Comprehensive up-to-date coverage for Shanghai, aggregated from news ... Plans purchase of Yanxi Industrial Shanghai Company Ltd. * Purchase price is to ...
ORG Packaging Co Ltd: SHE:002701 quotes & news - Google Finance
www.google.com/finance?cid=964885645401856
Google
Get detailed financial information on ORG Packaging Co Ltd (SHE:002701) including real-time stock ... Yanxi Industrial Development Zone Huairou District
Yanxi Li: Executive Profile & Biography - Businessweek - Bloomberg
www.bloomberg.com/.../person.asp?...China%20Mercha...
Bloomberg L.P.
Yanxi Li. Independent Director,Liaoning Chengda Co.,Ltd. ... person is connected to 60 board members in 4 different organizations across 5 different industries.
Euro Asia to acquire Yanxi Industrial Shanghai Company Ltd.
:Sale of industrial group will be effected by a pure share deal
:Private placement commenced in order to increase working capital
Hong Kong, SAR Peoples' Republic of China, 02 June, 2016
Euro Asia Premier Real Estate Company Limited (JT9; ISIN: VGG3223A1057) is pleased to announce the intention to acquire all outstanding shares of Yanxi Industrial Shanghai Company Ltd. for a consideration of 1.26 million newly issued shares of Euro Asia. The acquisition price will be based on Yanxi's audited net book value of approx. 63.3 million RMB or 8.64 million Euro, as of 31 March, 2016. The consideration equates a valuation of approx. 6.85 Euro per share of Euro Asia. The transaction is scheduled to close no later than 05 July, 2016.
In parallel, Euro Asia has reached an agreement with Sun Securities Limited to issue up to 2.8 million common shares of the Company at a price of 6.75 Euro on a best effort basis. This private placement is also scheduled to close no later than 05 July, 2016. The funds raised from this placement are intended to be redeployed in Yanxi for its operation.
Yanxi is a trading company which provides an efficient supply chain, dealing with major metal depositary agencies, financial institutions and large PRC industrial companies. It deals with both sourcing and supplying airplane parts, base metals and other chemical as well as industrial products. It is able to source a more efficient costs and delivery on a very cost competitive level.
For the year which ended 31 December, 2015, Yanxi as a private company, reported an audited revenue in excess of 2.8 billion RMB (approximately 380 million Euro) with a pre-adjusted and non normalized net income of 1.5 million RMB (approximately 0.20 Mio. Euro).
Daniel Zheng, CFO of Euro Asia says, "We believe that the acquisition of Yanxi along with the private placement of up to 140 million RMB will greatly enhance revenue growth and profitability to Euro Asia by improving the working capital and financial resources of Yanxi. This will allow it to reach a greater economy of scale and profitability. This is the first step of Euro Asia outside of the real estate arena of China and will enhance the value to Euro Asia shareholders as part of our ongoing corporate reorganisation."
Euro Asia intends to publish a detailed strategy update subject to successful closing of the deal. Audited financial statements for the years ending 31 December 2014, 2015, and 6 months ending 30 June, 2016 by the end of July 2016.
Contact:
Schwarz Financial Communication
Frank Schwarz
Tel: +49 611 580 2929 0
Schwarz@schwarzfinancial.com
About Euro Asia
Euro Asia is a BVI registered company, active in demand driven development of real estate projects in the Shandong area of the People's Republic of China. The Company operates locally through its subsidiaries. By utilizing its strong local network to banks, political decision makers, land owners and other developers, the Company intends to grow its position in the Shandong Province prior to moving into other regions.
For more information, please visit www.eu-asia.net
Transformative Timeshare Market
Mergers, Acquisitions Alter Landscape Of Thriving Industry
Friday, May 27, 2016
The merger and acquisition activity taking place in the lodging sector isn’t just confined to hotels. Within the past several months, a handful of large-scale deals involving timeshare companies figures to dramatically alter the landscape of that business.
For example, Starwood has sold its timeshare business, Vistana Signature Experiences, to publicly traded timeshare and vacation exchange business Interval Leisure Group for $1.5 billion. “The merger of ILG and Vistana Signature Experiences positions us at the forefront of the evolving industry,” said Craig Nash, chairman, president, and CEO of ILG. “The combined company has a portfolio that includes the worldwide exclusive rights in vacation ownership to the Sheraton, Westin, and Hyatt brands, with the scale, global reach, and inventory, as well as the sales and marketing infrastructure, to support increased growth.”
The deal –expected to create value for ILG shareholders by enhancing the financial profile, balance sheet, cash flow from recurring fee-for-service revenues—closed earlier this month and marked the second largest acquisition completed in the timeshare industry this year. In January, Diamond Resorts International finalized its previously announced, $85 million purchase of Intrawest Resort Club Group from Intrawest Resort Holdings and a month later, Hilton announced plans to spin-off its timeshare business, Hilton Grand Vacations, into a separate, publicly-traded company in order to take advantage of capital market and tax efficiencies.
Yet, it isn’t just major business deals that are on the rise in the timeshare industry. According to the American Resort Development Association’s (ARDA) State of the Vacation Timeshare Industry: United States Study 2015 Edition, published last September, the U.S. timeshare industry enjoyed solid growth in 2014. Total sales volume increased more than 4% from 7.6 billion in 2013 to $7.9 billion in 2014. Sales volume increased by almost 25% since 2010—an average of 6% annually. 2014 also marked the fifth consecutive year of increases in sales volume. “The timeshare industry is thriving as evidenced by the solid year-over-year growth recently reported by ARDA, and we feel very good about the prospects for the future. We are seeing a number of new entrants, such as Tropicana Entertainment and Yunnan Cloudreams Hotel Management Company in China,” says David Gilbert, president of Interval International, an operating business of ILG. “In addition, a significant number of our existing clients, such as Breckenridge Grand Vacations, Marriott Vacation Club, Grupo Vidanta and Welk Resorts, are adding new properties. Another positive indicator is the capital available for new development and consumer financing.”
More good news is on the horizon too as ARDA is soon to release its 2015 industry stats, which President and CEO Howard Nusbaum reports are up over 2014 when year-over-year membership growth increased, reported sales grew by 4% to $7.9 billion in total sales in North America and occupancy rates averaged just over 78%. In fact, 2014 marked the fifth straight year of increases in sales volume for the industry. Currently, the industry’s market penetration is hovering between 8 and 9 percent. “We’re excited because the numbers are up over the year prior so business is good,” he says.
Some of that success could potentially be attributed to the industry’s growing reach into urban markets. In late April, Marriott Vacation Club announced an extension of its brand with Pulse, a collection of urban timeshare properties that kicked off with five locations: New York City; San Diego; Washington DC; South Beach; and Boston. “Today’s traveler is looking for urban experiences and we know our customers [when traveling to urban markets] are looking for shorter stays, more experiential offerings and city-centric vacations where everything outside of the building is their amenity as opposed to the traditional timeshare property,” says Ed Kinney, global vice president, corporate affairs and communications. “It’s adapting our products to cater to the evolution of the traveler.”
While Kinney says that nearly 50% of MVC’s business comes from existing customers buying additional time or referring friends and family, another benefit to expanding into urban markets for Marriott Vacation Club (MVC) is the opportunity it offers to grow its customer base as the new locations also serve as sales and distribution offices for the company. “The ability to have more sales distribution points in new markets that we’re not already in is extremely important in order to reach new customers and to reach them in a way that’s convenient for them and efficient for us,” says Kinney. “This gives us greater exposure, more destinations and new channels from which to sell and market and that will help accelerate our growth because it’s new found business.”
Offering clients new and diversified experiences has become a cornerstone of the timeshare industry, where the average age of owners who purchased a timeshare during the last three years is 39 with an average annual salary is $90,000. So vacation exchange companies like RCI allow timeshare owners to trade with other owners outside of their property’s brand network in order to visit new destinations or even to trade for other experiences like cruises or safaris, typically using a point system. So it’s unsurprising that earlier this month, RCI announced a new alliance with Cuba Travel Services that provides RCI Platinum members in the U.S. with the opportunity to book five- and seven-night educational tours to Cuba, with departures beginning this summer. “As Cuba has become more open for American travel, we’ve been very interested in trying to provide that experience to our customers because part of what we do is help timeshare owners have new experiences. So I went to Cuba and saw some of the product that’s included in the tours and it matches very nicely to some of the traditional timeshare properties that you would find in Mexico or Florida,” says RCI President Gordon Gurnik.
MVC, however, does not currently have plans to enter Cuba as Kinney says, “there’s an infrastructure that needs to be established for the type of client that we have.” But he also points out that generally MVC finds sharing a campus with a Marriott branded hotel is advantageous to both businesses as well as to MVC owners. “Our products are very complimentary and I think that anytime Marriott International is looking at new markets –whether Cuba or Asia—we’re in sync with them to see if it’s a good fit for us too,” he adds.
But despite the industry’s myriad growth factors, potential regulation became a concern for the industry in March when the Consumer Financial Protection Bureau (CFPB) requested sales and financial documents from Westgate Resorts. The probe is still in its initial phases.
Timeshare Markets
looks like great timing for you to do that...JMHO
China’s New Consumer Class
Goldman Sachs Sponsored Content
May 18, 2016 - 2:43 PM EST
Across Asia, rising incomes are creating an enormous new class of consumers. Much of that growth is coming from China, whose working population is larger than those of the U.S. and Europe combined. Right now, only 11 percent of China’s population is considered middle class. As more people gain purchasing power, their needs and preferences will have a powerful effect on the global economy. As the ranks of the China consumer market swell, so too will its effect on the global economy, with huge opportunities for the entertainment, food service, technology, and other industries. But to take advantage of those opportunities, businesses will need to understand China’s urban middle class and align pricing, offerings, and other practices to the groups’ specific needs.
“In the coming years, we see that rising income will bring a couple hundred million people into the consumer class,” Lu says. “And that is what makes China extremely important in the coming decade.”
AirAsia Net Income Jumps Sixfold as China Spurs Fleet Expansion
May 25, 2016 — 3:00 PM PDT Updated on May 26, 2016 — 3:58 AM PDT
AirAsia Bhd., Southeast Asia’s biggest budget carrier, reported an almost sixfold jump in quarterly profit amid plans to expand its fleet in a region projected to surpass the U.S. as the world’s biggest air-travel market in two decades, led by China.
The Sepang, Malaysia-based company said net income in the quarter through March climbed to 877.8 million ringgit ($216 million) from 149.3 million ringgit a year earlier, topping the average 149 million ringgit predicted by analysts in a Bloomberg survey. Revenue rose 31 percent to 1.7 billion ringgit, aided by growth in passenger volume and an 11 percent increase in average fares, the carrier said in a filing.
“Barring unforeseen circumstances, the directors remain positive for the prospects of the group in 2016,” it said in a statement.
AirAsia Chairman Kamarudin Meranun said in an interview in Kuala Lumpur Wednesday that the airline is looking to add five aircraft this year and as many as 10 more in 2017 “depending on demand.” The company, which has 170 planes in its fleet, is also planning to increase the number of destinations in China from 18 and frequency of its flights in the world’s second-biggest economy, he said.
Strongest Growth
AirAsia is among airlines in the region adding more aircraft as economic growth and rising incomes make air travel affordable to more people. Last month, Xiamen Airlines Co., a unit of China Southern Airlines Co., ordered 10 single-aisle jets worth about $851 million from Boeing Co., while the U.S. planemaker and its European rival Airbus Group SE split a $9.9 billion order for wide-body jetliners from China Eastern Airlines Corp.
“We see the strongest growth in China,” Kamarudin said.
International visitor demand into the Asia Pacific region is forecast to grow at an average rate of 4.6 percent each year to more than 657 million by 2020, according to a report released last month by Pacific Asia Travel Association.
Southeast Asia will continue with its dramatic increase in foreign arrivals, improving its relative share from just under 20 percent in 2015 to around 22.5 percent by 2020, when it will rival the share of the Americas at that time, the report said. By 2034, one in five passengers in the world will be traveling to, from, or within China, according to the International Air Transport Association.
Cleaning Up
AirAsia carried 13.9 million passengers in the first quarter, according to preliminary operating statistics on May 9. That’s 17 percent more than the same period last year and well ahead of 6 percent increase in capacity.
AirAsia X Bhd., its long-haul arm, on Tuesday reported first-quarter net income of 179.5 million ringgit, swinging from a loss of 125.9 million ringgit a year ago. Revenue rose 25 percent to 970.7 million ringgit.
AirAsia is also looking to “clean up” its operations in the Philippines and Indonesia this year, Kamarudin said, adding that the plan won’t involve additional funding from the company. AirAsia Philippines is on track for an initial share sale in 2018, he said.
Shares of the low-cost carrier slumped 6.2 percent to 2.12 ringgit in Kuala Lumpur Thursday. They have surged 64 percent this year, outperforming the benchmark FTSE Bursa Malaysia KLCI Index, which declined 3.6 percent over the same period.
nice to see the stock able to absorb some selling and come right back. the underlining bid looks great. i wonder if we see the volume on here when Guo starts this?
"Chenguo has also agreed to a US$ 3 million private placement at US$0.15 to close on or before August 1, 2016. Mr. Hanwei Guo has also agreed to join the Board."
well this should start happening soon....
"In order the aid in the financing of the project, Chenguo has also agreed to a US$ 3 million private placement at US$0.15 to close on or before August 1, 2016."
so there's that and the web sites should get redone within a short period of time and the new sales platform hopefully will draw some new eyeballs so all in all things are lookin up. i think its just gonna be a case of how fast it all come's together and when the properties are ready.
as far as the mine goes, it was really just bad timing for everything. it is an asset and has value when things turn, but its hard to say when that happens. the biggest thing i always i try to keep in mind is that chris and the old man want a payday just like us and even more so, and it will happen just a question of when.
im thinking about what its gonna look like at 2 buckaroo's :)~
these need a complete redux...........
http://www.eu-asia.net/index.html
http://www.sterlinggroupventures.com/
JMHO of course.....
i cant wait to see the new online platform/site chris and co. are putting together and give it a good look over. i think that alone will be worth 10 cents more per share and maybe alot more. im sure they are working like madmen getting it going and he said they deployed funds already so i say we see it soon.
DARN TOOT'in we are......
i posted that story from the gatekeeper because of the way he was amazed at the cannon ball in the pool way chris is proceeding. the gatekeeper looks like the news hub of the timeshare world so its a good thing we have their attention.
China Timeshare News: April 16, 2016
>> INTERNATIONAL TIMESHARE NEWS
HUNAN (and VANCOUVER, BC): This is some serious diversification. A big Chinese natural resource/phosphates company headquartered in Vancouver, BC has decided to get into the timeshare business, and they’re going in head first – no niggling around or testing the waters first with their toes.
Sterling Group Ventures, Inc., not content to put all its eggs in one mining basket, has signed an agreement with Hong Kong-based Chenguo Capital Limited to acquire Chenguo-owned Euro Asia Premier Real Estate. As a result of the transaction, Sterling will diversify to also become a timeshare exchange provider, a manager of timeshare assets through agreements, and a developer of timeshare assets with fee relationships with other organizations or resorts.
Chenguo also owns the rights to two hotels currently under completion and a parcel of land in Weifang, Shandong Province. According to appraisals done in 2011 the properties were appraised at a combined value of 327 million RMB or approximately US$50.6 million. These properties are presently finalizing a court approved auction process due to a default on loans advanced by Mr. Guo through a trust company, under which Euro Asia (HK) will either receive the proceeds from the auction, if the assets are sold for fair market value, or the titles to the properties. These properties or the cash received from auction shall be reorganized into Euro Asia (HK), which Sterling has acquired.
If properties are acquired and vested to Sterling and/or its subsidiary, they will then sell the properties as timeshare units at an expected premium above appraised value. The properties will be organized and securitized into retail timeshares and will be entered into the timeshare exchange network currently under development and which will be owned by Sterling.
Did you get all that?
I wonder who will be advising the timeshare noobs at Sterling as they develop their new companies?
BTW, this company should not be confused with India-based Sterling Resorts and Hotels, which is owned by Thomas Cook Group plc, nor with Sterling Resort Group, a U.S.-based company owned by Richard G. Kearns, Jr.
http://insidethegate.com/gatehouse/2016/04/china-timeshare-news-april-16-2016/
share structure updated...
http://www.sterlinggroupventures.com/share_structure.html
keep in mind that most of the new shares are in escrow...
get in there and hit those .04s spark so we can have a happy new 52 week high :)~
China Tourism Boom Helps Keep Singapore Gambling Alive
May 5, 2016 — 6:21 PM PDT
Singapore’s tourism industry is proving to be a bright spot in an otherwise sluggish economy, partly due to the opening of two casinos in 2010 that’s helped to double the number of Chinese visitors to the city state. Gaming and entertainment revenue is the largest single source of Singapore’s tourism income, accounting for 24 percent of all receipts in the first nine months of 2015, official data shows. Credit Suisse Group AG forecasts 2016 could be a record year for tourist arrivals in Singapore as outbound travel from China continues to grow.
FORM 3 for Guo Hanwei.......
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11363068
yeah they dont seem to be taking the foot off the gas pedal since they broke the news so i am looking forward to new web sites, PR's, and everything else a new endeavor like this does. my grand wish is a dual listing on one of the exchanges over there to get things really moving but i dont expect it until after things are moving along nicely. anyway just happy to be here at this time right now when only a few us are watching it come together.
i think sparks target is realistic of 2-5 bucks to be honest...
here's patricks profile.....
http://www.eu-asia.net/management.html
FORM 3 FILED... PATRICK CHAN....
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11357759
Chinese Property Portal SouFun Seeks Backdoor Mainland Listing
May 3, 2016 — 8:12 PM PDT
SouFun Holdings Ltd. plans to switch its stock listing from the U.S. to China, joining companies including Dalian Wanda Commercial Properties Co. that are seeking higher valuations on mainland stock exchanges.
SouFun, China’s biggest real estate web portal, is seeking to move its shares to the Shanghai stock exchange via a backdoor listing by acquiring a majority stake in storage-battery manufacturer Chongqing Wanli New Energy Co. Wanli will raise 3 billion yuan ($462 million) through private placements to purchase SouFun assets, Wanli said in a stock filing on Tuesday. The plan is pending regulatory approval.
Shares of Wanli surged by the 10 percent daily limit to 36.40 yuan as of 10:25 a.m., after they resumed trading in Shanghai on Wednesday. They had been suspended since August.
SouFun is among a growing number of Chinese firms, notably developers, seeking higher valuations by moving their listing from New York or Hong Kong to mainland exchanges. Billionaire Wang Jianlin-controlled Wanda Commercial is asking investors to back an effort to take his Hong Kong-traded property company private and re-list it in China, according to a document obtained by Bloomberg News. Evergrande Real Estate Group Ltd. agreed to acquire a stake in a Shenzhen-listed entity, an acquisition that could signal Chairman Hui Ka Yan is also considering a similar move.
SouFun’s valuation would be 40 times its expected 800 million yuan profit in 2016 based on Wanli’s share price before the stock was suspended, China Securities Co. analysts led by Shanghai-based Chen Shen wrote in a note Wednesday. SouFun’s U.S.-listed shares trade at 11.9 times 2015 earnings, data compiled by Bloomberg show.
Eggs, Steel Top Stocks in China's Commodities Frenzy:
May 3, 2016 — 5:49 PM PDT
Just 12 months ago, China was in the midst of a stock market frenzy. This year, it’s commodities that are taking off, with steel surging 38 percent, and even eggs outperforming the Shanghai Composite Index. To see more charts on the boom in commodities, click here.
Mobius Says Buy More Commodity Stocks as Rebound Has Just Begun
May 3, 2016 — 6:10 PM PDT
Raw-material prices, stocks `went down too far,' Mobius says
Templeton Emerging Markets adding holdings of China producers
Mark Mobius is piling into commodity stocks in China, saying that a rebound in raw-material markets is only getting started after prices sank too far and that gains may be extreme.
Templeton Emerging Markets Group will add more raw-material stocks from Asia’s top economy, according to Mobius, executive chairman of the group, who’s been investing in emerging markets for more than four decades. Many of them will be good holdings for the long term, he said in an e-mail interview, without identifying particular companies.
China’s commodity producers, which were the worst mainland equity investments over almost a decade, have led this year’s rebound as China boosted stimulus and local investors swarmed into the nation’s futures markets, with bets on everything from steel bars to cotton. The Bloomberg Commodity Index rallied for a second month in April, and assessments are stacking up that the worst of the rout is now over, including from industry veteran Tom Albanese, a former head of Rio Tinto Group.
“We have already seen how both commodity prices and the commodity stock prices went down too far, beyond realistic assessments,” Mobius said. “We can now expect movement on the upside to be extreme in percentage terms. If there is a move down, there is a good chance that we would increase.”
Commodity Rebound
The Bloomberg Commodity Index, a measure of returns from 22 raw materials, surged 8.5 percent in April to extend a rebound from the lowest since 1991. A measure of materials producers on China’s large-cap CSI 300 Index rallied 27 percent from the January low to a peak in mid-April, before losing 4 percent.
China’s investors have honed in on raw materials amid signs of a pickup in demand after policy makers talked up growth and the property market rebounded, with rebar, coking coal and cotton all surging. Still, the explosion in futures trading alarmed regulators and prompted exchanges in Shanghai, Dalian and Zhengzhou to boost fees and issue warnings.
“There is no question that derivatives and specifically commodity-futures prices have an impact on real prices,” Mobius said. “There is of course a knock-on impact on stock prices of commodity companies since the market takes its lead from commodity prices even if those prices may not be realistic, and unduly impacted by futures prices.”
Mobius has been consistent in recent weeks in signaling his optimism. In February, he told Bloomberg TV that Templeton Emerging Markets was buying Chinese stocks selectively on speculation assets will rebound toward the year-end, and this month said he expected oil to rally back to about $60 a barrel.
While commodity markets will remain volatile, the long-overdue uptrend will continue, according to Mobius. “Many, not all, of the companies are good investments for the long term and even, in some cases, for this year,” he wrote. “Yes, the rising trend is sustainable but keeping in mind the volatility.”
Thai Hotels, Restaurants Ramp Up Hiring on China Tourism:
May 3, 2016 — 6:45 PM PDT
Thailand’s record tourism has prompted the government to mull fast-tracking expansion of Bangkok’s main airport and forced leisure establishments to add workers after years of doing more with less. Staff at hotels and restaurants totaled 2.66 million at the end of last year, returning to the same level as in 2010, as foreign visitors surged 21 percent to a record 30 million. With the flood of tourists, led by Chinese, many hotels can no longer refrain from hiring, a strategy used since the global financial crisis and amid years of political turmoil that lead to a military coup in 2014.
hey mike, i dont know if you follow gold or not but our sister company is blazing.... china gold is up almost 50% this year.
gm mike, that must be sparks happy 1st load :)~
yeah its interesting that Mr. Hanwei Guo has made all these moves very quickly and there's no reason to think he will start slowing down now. i think we may have hit the jackpot mike :)~
"Chenguo Capital Limited owns commercial real estate properties including hotels, land, and leisure facilities. The company was incorporated in 2016 and is headquartered in Central, Hong Kong."
"Merger/Acquisition
April 12, 2016 Euro Asia Premier Real Estate (HK) Limited"
gm mike, yes i really think he is a great partner for us, even if his plan is to use us to go public with his holdings, i will ride his coat tails all the way to the bank. i still cant believe how fast all this is coming together after what seemed like forever waiting for something to happen. WAY TO GO CHRIS!!!!!
Form 8-K for STERLING GROUP VENTURES INC
29-Apr-2016
Change in Directors or Principal Officers
ITEM 5.02. DEPARTURE OF DIRECTOR OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On April 19, 2016, the Board of Directors of Sterling Group Ventures Inc. (the "Company") held a special meeting at which they appointed Mr. Hanwei Guo to the Board of Directors of the Company. Mr. Guo is an entrepreneur from China with real estate interests and investments in China.
The Hedge Fund Manager Betting Soros Is Wrong About China
April 26, 2016 — 8:00 AM PDT Updated on April 26, 2016 — 11:00 AM PDT
Bob Bishop, who once ran investments for billionaire George Soros, is betting his former boss is wrong about China. The world’s second-biggest economy has had its hard landing and is on its way up, according to Bishop.
Rising infrastructure spending, steel production and demand for metal and heavy-duty trucks are signs of improvement for the nation’s industrial and manufacturing sectors, said Bishop, a former chief investment officer at Soros Fund Management who runs $2.2 billion hedge fund Impala Asset Management. Soros said last week that China resembles the U.S. in 2007-08, when credit markets froze and triggered a global recession, and that its banking system is increasingly unstable.
“China already had the crash,” Bishop said in an April 18 interview. “It bottomed at the end of 2015. It’s going to feel like a much better economy in China over the next two years than people seem to think it will be.”
Policy makers in China talked up growth and added stimulus this year to re-energize the economy. In March, the purchasing managers index ticked above 50, signaling expanding factory activity for the first time since June. A recovering China, which is a key importer of steel, copper, iron ore and other metals, bodes well for commodity prices. The price of iron ore rose 44 percent this year as of 1:45 p.m. Tuesday in New York, and copper was up more than 5 percent.
If copper reaches $3.25 a pound, which Bishop expects will occur in 2017, Freeport-McMoRan Inc., the largest publicly traded copper miner, could earn $3 a share, he said. Impala initiated a “modest” investment in the stock in the past month and a half, according to Bishop. It also took a position in miner First Quantum Minerals Ltd.
The firm has boosted its investments in commodity stocks to about 20 percent of the Impala Fund from 4 percent at the start of this year, Bishop said.
"What people often miss on commodity stocks is that their earnings leverage and stock sensitivity to price movements in the underlying commodity is very high, more so than any other sectors in the market," Bishop said.
The Standard & Poor’s Global Natural Resources Net Total Return Index has rebounded almost 40 percent since Jan. 20, its low point this year, after a slide that began in mid-2014 as China’s economic growth slowed.
Bishop, who worked at Soros between 2002 and 2003, started New Canaan, Connecticut-based Impala in 2004. Its main equity fund, which manages about $1.5 billion, gained 7.7 percent in March, bringing returns for the year to 2 percent, according to a person familiar with the matter.
Bishop declined to comment on performance or on Soros’s views.
China’s March credit-growth figures should be viewed as a warning sign, Soros said at an Asia Society event in New York on April 20. The broadest measure of new credit in the nation was 2.34 trillion yuan ($360 billion) last month, far exceeding the median forecast of 1.4 trillion yuan in a Bloomberg survey.
Soros, a former hedge fund manager who built a $24 billion fortune, in January called a hard landing in China “practically unavoidable.” Soros returned outside capital in 2011 and his firm now manages his own wealth. Hedge fund managers including Crispin Odey at London-based Odey Asset Management and Kyle Bass at Hayman Capital Management in Dallas have been wagering on a slowdown in China. Bass is said to be starting a fund to focus on China-related investments.
Bishop isn’t the only U.S. hedge fund manager who’s bullish on China. In March, Jordi Visser, head of investments at $1.4 billion Weiss Multi-Strategy Advisors, said China’s Shenzhen Composite Index will beat most global peers by the end of this year.
Bishop spent at least a decade focusing on commodities and other cyclical stocks at hedge funds Maverick Capital, Kingdon Capital and Julian Robertson’s Tiger Management.
Impala said in a March 31 investor memo obtained by Bloomberg that energy prices have bottomed, and that improving U.S. demographic and consumer trends, loosening mortgage availability and tight supply are creating an environment in which the homebuilding cycle will accelerate.
could not agree more silver...did you see those under lining bids?? massive need of shares here i think!!! this one is getting ready to run hard.
oh i c, well just wondering because of all the new things going on. we are going to get steady news flow now and much better times ahead of us now.