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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (7430)	10/26/1997 9:17:00 AM
From: Haim R. Branisteanu	Respond to of 94695

Sorry Bonnie, I would never like to take your CROWN!!! But some more fundamental statistics need to be posted which will bring more deflation due to stiff competition. Loss-making state firms in China go further into the red Copyright c 1997 Nando.net Copyright c 1997 Agence France-Presse BEIJING (October 26, 1997 01:34 a.m. EST nando.net) - Loss-making firms in China's state sector went further into the red in the first eight months of this year, figures from the State Statistics Bureau show. The firms reported a 5.1-percent year-on-year increase in losses, heaping a $5.3 billion burden on the state budget during the period, according to the figures published by the Xinhua news agency on Sunday. But profits by the state sector as a whole rose six percent to $2.45 billion. The sector's sales revenue totalled $193 billion, a 5.4 percent year-on-year increase. Fewer than one percent of the country's state firms -- mainly giant conglomerates -- generate more than 65 percent of the sector's total profit. During the five-yearly Communist Party Congress last month, President Jiang Zemin inaugurated the most aggressive reforms so far for non-competitive state firms. The party is seeking to push them to find a niche in the market economy to avoid mass bankruptcies that would put millions out of work. The state sector employs nearly 110 million people, according to government statistics. and some more, which sounds like NYC in 1992/3 Land prices drop in Asia amid currency crisis Copyright c 1997 Nando.net Copyright c 1997 Agence France-Presse TOKYO (October 25, 1997 11:10 p.m. EDT nando.net) - Land prices in Thailand, Singapore and Malaysia have plunged amid the currency crisis in the region, the Nihon Keizai Shimbun reported Sunday. Since July, when the Thai baht was floated at the onset of the economic crisis, land prices in Thailand have fallen 10 percent from a year earlier, the newspaper said. Office renta in Bangkok dropped 5.7 percent in late June, and have since showed a "double-digit decline" compared to a year earlier, a local real estate broker was quoted by the business daily as saying. The newspaper warned that the land price decline in Thailand would further deteriorate the country's bad loan problem. In Manila's business district of Makati, the price per square-meter was trading recently between $8,500 and $11,400, down from a high of $13,232 at the end of last year, the daily said. "There has been almost no trade since the currency crisis," a Philippine real estate industry source said. In Singapore, house prices have dropped three-to-seven percent over the past three months, hit by the crisis as well as the government's introduction of restrictive measures on land trade, it said. Well I wish to know who are the banks who hold those loans, or as usual their stocks prices are already in the cellar. Happy Trading Haim