2008-08-04

The United States led to skyrocketing prices in June fell consumer data

Monday the U.S. Commerce Department reported June consumer data reporting, the report showed that June consumer inflation data exclude the effect of the data fell 0.2 percent average consumer personal income rose 0.1 percent compared with May's 1.8 percent growth rate Much lower.

In addition, an earlier report of the Ministry of Commerce show that in June prices (mainly gasoline prices) jumped 0.8 percent overall, in February 1981 or the highest single month since. Excluding food and energy prices rose 0.3 percent other, since September last year, or the highest single month. After-tax personal income fell 1.9 percent compared with May or a 5.7 percent rise in poles apart from. Deposit rate fell to 2.5 percent.

8:00 am on the 4th consumption data will be released early trading the Dow down 63.02 points to 11263.30 points.

U.S. factory orders grew in June for the best performance of the past six months

Former U.S. Federal Reserve Board Chairman Alan Greenspan on the 4th published in the "Financial Times" wrote that in this global financial turmoil before the end, there will be more banks and financial institutions collapse. The U.S. Department of Commerce announced on the 4th of the data shows that in June this year, U.S. factory orders grew 1.7 percent to 457.6 billion U.S. dollars, the best performance for the past six months.

Data showed that U.S. factory orders in June mainly due to increase in primary metal products and the military orders increased significantly. Month, including iron and steel products, primary metals orders grew by 5.2 percent while orders for military capital increased by 16.9 percent, to double-digit growth for the second consecutive month, reflecting the United States in Afghanistan and the war in Iraq to strong demand.

In addition, in June U.S. auto orders grew by 2.3 percent, civilian aircraft orders fell 25 percent. Overall, total orders for durable goods accounted for more than a quarter of the orders for transportation products dropped by 2.7 percent.

If the removal of greater volatility of the transport orders for a product, the month factory orders grew 2.3 percent.

U.S. housing market bubble burst and loan crisis of the impact of continued weakness in U.S. manufacturing. The factory orders in June although the situation in the outside world had expected much higher than the 0.9 percent increase, but some economists said that given the current weak economic environment and severe inflation situation, the U.S. economic outlook is still not optimistic.

The loan-to-year crisis has been, Greenspan said the current crisis is the extent of one hundred years to see, "there may be some into bankruptcy edge of the banks and financial institutions depends on the Government come forward to save." Only when prices tend to Stability, the crisis will end.

Greenspan believes that strengthening the supervision of the disadvantages than advantages, not the right way to resolve the crisis. He said: "It was the regulation is the solution to the current crisis as an effective way, but from a historical point of view, the regulation failed to eliminate from the crisis."

Greenspan believes that the performance of global stock markets, the financial system can safely ride out the storm, the banks can obtain sufficient funds is essential.

China Mengniu four executives sold shares in cash in 5 billion Hong Kong dollar is still agency Caritas Unit

Has been listed since 2004, Mengniu (02319, HK) shareholders Jinniu and silver cattle gradually develop "Yinianbanzai" a reduction of the habit. Yesterday, Mengniu disclosure, the two major shareholders re-placing 57 million shares of old stock, generating 1.3 billion Hong Kong dollar, which is Jinniu and silver cattle 4th underweight. Jinniu and silver cattle from Mengniu is the upper and middle initiating the formation of the company. According to "Daily News" statistics, Mengniu listed in the four years, the Jinniu cattle and silver shares of the way through placing cash in more than 5 billion Hong Kong dollar.

Mengniu放量down

Mengniu announced yesterday that the company's shareholders Jinniu and Silver have their own cattle and placing agent Morgan Stanley placing agreement entered into two, respectively, placing Mengniu 1350.37 and 4349.63 million shares, placing the company's number of shares issued Equity of about 3.65 percent. Through the placement, Jinniu and silver cattle will be charged the net cost of about 1.255 billion Hong Kong dollar, with net price per share equivalent to 22.02 Hong Kong dollar, compared Mengniu August 1 closing price of 2.36 Hong Kong dollar discount of about 6.69 percent.

After the completion of the Placing, Jinniu cattle and silver in Mengniu's shareholdings will be from 8.8 percent and 11.28 percent, fell to 7.93 percent and 8.49 percent. Placing shareholders after the news, Mengniu放量was down 3.39 percent, to close at 22.80 Hong Kong dollar, a day were 7,004 million shares, 5.5 times the previous trading day.

At present, Mengniu's other shareholders include Niu Gensheng (4.4 percent), charitable organizations Laoniu Association (3.48 percent), and other Jinniu, acting in concert with Bank of cattle (3.7 percent) and public shareholders (72%). Jinniu and silver cow commitment, since the placing agreement entered into on the date within 90 days, will not offer, such as through the transfer or dispose of any shares, nor shall it announced its intention to carry out such activities.

4 reduction in cash over 50 billion HK dollars

June 10, 2004, Mengniu officially listed in the HKEx.

Listed in 2001 after the June 14, 2005, three institutional investors - MSDairyHoldings, CDHChinaFund and Actis China InvestmentCompanyLimited and Jinniu, silver cattle配股jointly issued a notice which Jinniu, silver placing their cattle 3895.48 and 8264.52 million Shares with the Hong Kong dollar at 4.95, involving about 600 million Hong Kong dollar funds.

June 30, 2006, Mengniu's shares from 5 to 9 Hong Kong dollar at the top of the Hong Kong dollar. Jinniu silver and cattle that Hong Kong dollar per share, respectively 9.2 Placing 2980.6 and 3656.2 million shares Mengniu shares, generating 610 million Hong Kong dollar.

April 13, 2007, Mengniu has 20 Hong Kong dollar firm juncture. Jinniu cattle and silver in the company released annual results announced the day after, respectively, placing 1479.6 and 9808.6 million shares million shares of old stock, the Hong Kong dollar per share placement price of 24, placing more the previous day closing price discount of 3.42 percent, cash 2.709 billion Hong Kong dollar. At the same time, Bank of cattle also subscribe for 5,743 shares of the Mengniu shares.

This included cash in size, Jinniu cattle and silver in the listing of the four-year period has sold a total of 3.5785 billion shares Mengniu, in accordance with the placing price, the total stock value of 5.174 billion Hong Kong dollar.

In this placement is completed, Jinniu cattle and silver respectively, will hold 123.9 million shares and 133 million shares Mengniu shares, according to yesterday's closing price of the shares held by the market value of about 5.857 billion Hong Kong dollar.

Mengniu is still agency Caritas Unit

Although Napster ended March with 410,000 shareholders placement, but the agency is still Mengniu love Unit.

Yesterday, Lehman Brothers will be Mengniu's target price from 26.40 Hong Kong dollar to 27.30 Hong Kong dollar, and reiterated "overweight" rating. The bank analyst with Mengniu ChristinePeng after a meeting with management, the company long-term development of a more confident and is expected to Mengniu 2008 mid-term profit and turnover will increase of 26% and 36%, Mengniu 2007 mid-term profit 4.85 Billion. In addition, the bank also expects the gross profit margin during the period Mengniu can enhance a percentage point.

Merrill Lynch, Goldman Sachs have recently唱好Mengniu. Among them, Merrill Lynch to Mengniu's target price to 32.55 Hong Kong dollar, against yesterday's closing price higher than the 42.77 percent; Goldman Sachs will Mengniu 2008-2010 profit forecast to increase by 2-6 percent.

Is not only sing, do more Mengniu are also quite a number of agencies. Korea Fund MiraeAssetGlobalInvesetments in the July 21 declaration of holdings 100.9 million shares of Mengniu, the shareholding ratio rose to 6.01 percent; UBS in June 10 will be holding from 7.82% to 8.13%.

Information

10 silver sponsors holding cattle Jinniu

Since 1999, Mengniu has been opened, the company's 10 sponsors: Niu Gensheng, Deng nine strong, Hou Jiang Bin, LU Jun, Pang Kaitai, Sun Yubin, Wen-Jun Yang, XIE Qiu-Xu, Sun Hung and Chiu even the first military has been "a group of shareholders" in the form of Holding Business.

To the end of December 2006, Niu Gensheng, Deng nine strong, LU Jun, Sun Yubin, Wen-Jun Yang, Sun Hung and Chiu even before the military is Jinniu shareholders Jinniu together accounted for about 83.4 percent of the shares; Niu Gensheng, XIE Qiu-Xu, Pang Kaitai, Deng and Jiang Bin Hou 9-for - Niu shareholders, together holding 87.2 percent of Bank of cattle interests. Jinniu and the shareholders of Bank of cattle at the same time as Mengniu the middle and senior staff.

2004 issued by the Mengniu prospectus, Jinniu and silver respectively at the time cattle holders Mengniu 158 million shares and 336 million shares, the shareholding ratio of 49.4 percent. Prospectus disclosure, Jinniu shares from a total of 15 senior management staff Mengniu hold, which Niu Gensheng in trust for about 1,000 people (including Mengniu workers, business contacts and their contacts) a Jinniu 28% of the shares. Bank of cattle owned by 16 shareholders, shareholders holding one of the Asahi Bank of cattle XIE Qiu-52,207 shares (63.5% silver cattle), of which 49,378 shares upon trust for about 1,000 people (including Mengniu employees, business Contacts and their contacts) holders.

Source: Daily Economic News