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I'm shopping on the stock market tomorrow.

Its still dropping. Until some semblance of good news comes out. Maybe from the US.

Japan shares slump as Asia reacts to global sell-off
  • 44 minutes ago
Related Topics
Japan's stock markets fall on virus fears.
Image copyrightGETTY IMAGES
Shares in Japan fell sharply on Tuesday as investors worried about the spread of the coronavirus.
The slump followed a global stock market plunge on Monday, which saw big drops in the US and Europe.
Japan's Nikkei 225 index dropped 4.5% when it re-opened following a public holiday on Monday, but regained some ground to close 3.3% lower.
Shares in Toyota Motor Corp fell 3.7%, while Uniqlo's parent company Fast Retailing dropped 4.2%.
Both firms are highly-dependent on a global supply chain that faces disruption following the shutdown of Chinese factories.
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Overnight, Wall Street saw its sharpest daily declines since 2018, with the Dow Jones falling 3.5%.
Shares across Asia's other major stock markets traded cautiously on Tuesday.
Hong Kong's Hang Seng index edged up slightly, while South Korea's Kospi rose 1.2%.
Many analysts expect the spread of the coronavirus to peak in the first quarter of this year, with economic activity rebounding in the second quarter.
"Those who expect the virus to kick off a global recession might be disappointed, as the impact is likely to be temporary," said Margaret Yang, an analyst with CMC Markets. "Central banks around the globe are ready to inject liquidity and cut down interest rates to cushion the headwind."

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She added that the coronavirus is proving to be less deadly than SARS, just more contagious.
In China, the Shanghai Composite index closed down 0.6% amid mixed reports about efforts to contain the virus.
Investors remain worried about how far the coronavirus will spread rapidly outside of China, with raised fears of a prolonged global economic slowdown.
 
Leongsam said:
How much longer? It would be fantastic if you bought at the bottom but you'll never know what the bottom is till it starts to rise again.

My method is simple. I want to buy $40,000 worth of shares so tomorrow I'll start with $5000 in the morning. If it drops further I'll buy another $5000 in the afternoon. I'll buy another $5000 if it goes up too.

Ride the share price for a couple of weeks and you should get a decently low average.
Click to expand...

that how i buy gold saving.if price is right buy 500gm.
if drop buy additional 100gm
if drop again buy 150gm
if drop again buy 200gm
if drop drop drop again buy 250gm
if drop drop drop drop drop buy 300gm
by then you are in panic. if drop drop drop drop drop drop drop happen again n again what you had invested already on has lose its value by halve.
next qns in mind.maybe i sell all first.then then hope it drop it to the uthemost bottom then buy back all together and heng ong huat huh.
but sibei sway the moment you sell all..it rise rise rise untill it rocket to the heaven.
 
Leongsam said:
Will be buying airline and travel related company stocks.

You can't accuse me of not giving useful tips.
Click to expand...
U want to be the one who buy it when it on the way down, or when it on the way up? :sneaky:
 
So damage to air new zealand ftom corona virus is minimal.
Air New Zealand expects up to $47m hit from coronavirus
By Cirium24 February 2020
Air New Zealand is expecting a NZ$35-75 million ($22-47 million) hit to financial year 2020 earnings, as it weighs up the impact of the coronavirus outbreak against cheaper jet fuel.
“The airline’s revenue outlook for the remainder of the year is expected to be adversely impacted as a result of softer demand for travel to and from Asian destinations,” it says.
The carrier has increased market development investment to drive additional demand, which alongside lower jet fuel prices will partially mitigate the impact of lower demand, but overall earnings for the 2020 financial year will be adversely impacted, it says.
Given a NZ$55 million impact, the midpoint of Air NZ’s estimates, it targets earnings before other significant items and taxation of NZ$300-350 million. This has been revised downwards from an earlier guidance, disclosed on 28 January, for NZ$350-450 million.

This target is also based on “current assumptions of lower demand” and announced capacity reductions, as well as jet fuel prices remaining at $65 per barrel.
Air NZ will release its 2020 interim results later this week.
Going from January to February, Cirium schedules data shows that the carrier suspended all flights to Hong Kong and about two-thirds of services to Shanghai. This week, it announced a temporary suspension of Seoul operations from 7 March through the end of June.
In light of this, Air NZ anticipates a 17% decline in total Asia capacity from February through June.
“The airline will continue to assess the appropriate level of capacity and other potential actions to reflect the changing demand environment,” it says.
“Air New Zealand is a resilient business and we have demonstrated the ability time and again to respond quickly to changing market conditions,” says chief executive Greg Foran.
“We have a highly capable and experienced senior leadership team who have dealt with challenges such as this before and I am confident that we will effectively navigate our way through this.”
 
Meanwhile, US airlines are already buying shares in asian airline stocks.

Delta increases stake in Korean Air parent company past 10%
By Cirium25 February 2020
Delta Air Lines has bumped up its stake in Korean Air’s controlling shareholder to 11%.
A stock exchange disclosure by Hanjin KAL indicates that the US carrier owns 6.5 million of its shares as of 20 February, up from 5.5 million shares or 9.21% previously, through “acquisition of shares due to trading”.
The US carrier first acquired a 4.3% stake in Hanjin KAL last June, while indicating plans to target 10%.
At the end of July, Delta grew its shareholdings to 5.13% and increased this further to 9.21% in September.

“Our joint venture partnership remains strong,” Korean tells Cirium, in response to queries on Delta’s stake in Hanjin KAL exceeding the 10% threshold.
Delta declined to comment when contacted by Cirium.
Regarding their partnership, Korean adds: “The synergy of Korean Air’s network competitiveness and Delta’s sales power in the transpacific region have resulted in the growth of the US-Southeast Asia traffic. In 2019, there was a growth of about 8% in revenue (year-over-year) for the US routes and a growth of 4% in revenue (year-over-year) for the Southeast Asia routes.”
The two SkyTeam carriers launched an immunised joint venture across the Pacific in May 2018. The partnership has allowed both airlines to add new routes in the market, including from Boston and Minneapolis/St Paul to Seoul Incheon.
Last September, Delta inked an interline agreement with Jin Air, also controlled by Hanjin KAL, giving it access to the budget carrier’s network in Asia
 
Meanwhile airlines exposed to china are hit very hard.that includes cathay pacific.
Airasia sold all their planes to leasing companies and now they may regret thst move.

AirAsia X asks lessors for lease payment deferrals: sources
By Cirium24 February 2020
AirAsia X is looking to delay lease rental payments to tide itself over during the coronavirus crisis, sources tell Cirium.
An executive at one of the carrier’s lessors tells Cirium that it is unlikely the company will allow AirAsia X to skip lease payments entirely but may be open to letting it postpone payments.
AirAsia X table

Another executive at a different lessor with exposure to the airline says this is not the first time that AirAsia X has asked for lease rental payment deferrals.

The source says that his lessor values long-term relationships with its airline customers and will therefore be open to discussing deferrals with customers experiencing cash flow issues. However, he says “we are not a soft touch”, adding that, for example, a three-month rental holiday would not be acceptable.
Cirium fleets data shows that AirAsia X has 17 Airbus A330-300s on lease, from Aircastle, BOC Aviation, Castlelake, DAE Capital, ICBC Leasing, Macquarie AirFinance, Minsheng Financial Leasing, Skyworks Leasing and Stratos.
The carrier declines to comment on whether it has asked lessors to defer lease rental payments but tells Cirium: “China is an integral part of our network representing over 30% of AAX capacity.
“Currently nine of the 12 routes we operate into mainland China are cancelled/suspended through to the end of March as a result of the Covid-19 virus outbreak. We continue to monitor the situation closely in conjunction with world health authorities and local governments.”
Cirium schedules data shows that the carrier planned 284 flights to China this month, down from 400 flights in February 2019.
 
Froggy said:
Ho Ching will be selling, why are you buying?
Click to expand...

The new logic that will win ...when Ho Jinx sells, you buy. When she buys, you sell. Ho Jinx buys high and sells low, pocketing some money in the transaction. Either way, she wins.
 
Leongsam said:
Will be buying airline and travel related company stocks.

You can't accuse me of not giving useful tips.
Click to expand...
KNN can buy anything we want so long don't give this type of statement KNN
sweetiepie said:
Who knows how much will my wealth be if i know beforehand and put money monthly into SPY instead of insurance since three decades ago
Click to expand...
 
syed putra said:
Its still dropping. Until some semblance of good news comes out. Maybe from the US.

Japan shares slump as Asia reacts to global sell-off
  • 44 minutes ago
Related Topics
Japan's stock markets fall on virus fears.'s stock markets fall on virus fears.
Image copyrightGETTY IMAGES
Shares in Japan fell sharply on Tuesday as investors worried about the spread of the coronavirus.
The slump followed a global stock market plunge on Monday, which saw big drops in the US and Europe.
Japan's Nikkei 225 index dropped 4.5% when it re-opened following a public holiday on Monday, but regained some ground to close 3.3% lower.
Shares in Toyota Motor Corp fell 3.7%, while Uniqlo's parent company Fast Retailing dropped 4.2%.
Both firms are highly-dependent on a global supply chain that faces disruption following the shutdown of Chinese factories.
ADVERTISEMENT

Overnight, Wall Street saw its sharpest daily declines since 2018, with the Dow Jones falling 3.5%.
Shares across Asia's other major stock markets traded cautiously on Tuesday.
Hong Kong's Hang Seng index edged up slightly, while South Korea's Kospi rose 1.2%.
Many analysts expect the spread of the coronavirus to peak in the first quarter of this year, with economic activity rebounding in the second quarter.
"Those who expect the virus to kick off a global recession might be disappointed, as the impact is likely to be temporary," said Margaret Yang, an analyst with CMC Markets. "Central banks around the globe are ready to inject liquidity and cut down interest rates to cushion the headwind."

ADVERTISEMENT

Ads by Teads
She added that the coronavirus is proving to be less deadly than SARS, just more contagious.
In China, the Shanghai Composite index closed down 0.6% amid mixed reports about efforts to contain the virus.
Investors remain worried about how far the coronavirus will spread rapidly outside of China, with raised fears of a prolonged global economic slowdown.
Click to expand...
STI index is still artificially high, it should at around 2800 to be realistic with the present local economy condition. Even when the crisis is over, our ST index shouldn't climb up too high as our competitiveness is an long outstanding issue, unless the property price drop by al least 30% to make our business cost lower
 
Leongsam said:
When things are back to normal I'll take a look at the price again and if it's up by more than 10% I'll sell. If it's not I'll take a look at the dividend payout and if that looks healthy I'll wait for the dividend.
Click to expand...


If your profit target is just 10%, it's not worth the effort unless you're a speculative trader.

The way you describe yourself doubling down should the share fall further also suggests a more logical profit target should be 30 to 40 percent
 
Thick Face Black Heart said:
If your profit target is just 10%, it's not worth the effort unless you're a speculative trader.

The way you describe yourself doubling down should the share fall further also suggests a more logical profit target should be 30 to 40 percent
Click to expand...

It could well be 30% to 40%.

I've had a number of stocks that I have bought taking a contrarian approach that made me 200% in 6 months.

However my target is still 10%. It's a formula that has worked for me over the years so I stick to it.

I don't know what you mean by "not worth the effort". Buying takes me less than a minute and selling takes me about 2 minutes.

I'm putting in about $40,000 into Air NZ. If I make 10% then that's $4000 of free money in less than 6 months for less than 5 minutes of work.

If I put it in a term deposit at the current 3% it would take me just as long to set it up on line and I'd be only $600 richer in 6 months time.

As for the odds I have a 80% chance of making at least 10% in 6 months based upon past experiences.

I have a 100% chance of making 3% pa.
 
it may fall further, it's not time yet as the storm hasn't calmed down yet.
 
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