Dexia或須分拆, 清洗毒資產 股災燃起新火頭, 歐洲銀行股全線急挫

【本報綜合報道】希臘再被指無力還債，令一眾持有希臘債券的歐洲銀行不論規模大小都風聲鶴唳。昨有指 Dexia、法巴及法興等銀行需為希臘債多撇賬兩倍，歐洲銀行股價全線勁挫；有消息人士更指，不排除 Dexia銀行最終或要進行分拆，將有毒資產剝離。

比利時 Dexia是其中一間持有大量希臘債券的銀行，其股價連日插水。　路透社

另一邊廂，近日市場擔心美國銀行業的交易對手風險，摩根士丹利及美銀等一眾大行信貸違約掉期（ CDS）續升。不少大型銀行已陸續詳細公佈持有歐債情況，其中德銀指今年盈利將不會達標，料需繼續節省成本及裁員。

法興法巴拒作更多撇賬

彭博社昨報道，法國與比利時合營的 Dexia，以及法國兩大行法巴及法興，近日仍無視外界批評，繼續拒絕歐洲監管機構要求銀行業就持有希臘國債作出更多撇賬。報道指，正當歐洲多數銀行已將持有的希臘債券按市值入賬，減值多達 51%之際，上述三行仍堅持只表示債券減值 21%。此舉雖未違反會計規定，但希臘一旦違約，這些銀行將蒙受更嚴重的虧損。彭博數據指，若將持有的希臘債減值一半，三銀行將蒙受額外約 30億歐元損失。 Dexia昨最多曾挫 38%，法興及法巴則一度跌 7%。

法國拒直接注資 Dexia

與此同時，近日屢次被傳需要注資的 Dexia，正考慮將有毒資產分拆。英國《金融時報》報道， Dexia持有的歐豬債總值 276億美元，正考慮隔離不良資產，或者尋求國家擔保。比利時財長昨亦表示，該國看守政府將就援助 Dexia進行研究，落實資產分拆，可能尋求多國政府對資產進行擔保；法國則堅持拒絕直接注資 Dexia，但可能會將 Dexia有毒資產注入法國信托投資局資產中。受 Dexia拖累，法國及比利時 CDS昨分別升 12點子及 34點子。

德銀發盈警　預告裁員

全球銀行業 CDS亦受歐債問題拖累而持續急升，其中花旗昨升 36點子，德銀及美銀則升 17點子。德銀昨更發盈警，表示今年將無法實現核心業務稅前盈利 100億歐元的目標。該行指，受企業銀行及證券（ CB&S）業務部門拖累，今年第三季業績將明顯低於預期，又表示預計未來兩季將裁減該部門 500個職位。另外，德銀在希臘主權債務減值開支預計接近約 2.5億歐元。德銀發盈警後，股價最多曾挫逾 6%。

此外，希臘政府需於 10月中發薪及退休金，故歐元區可能重新向希臘私人債券人尋求承擔更多債項。

話你知 比利時一哥 Dexia　美債市大戶

Dexia SA於 1996年由法資銀行 Credit Local de France及比利時銀行 Credit Communal de Belgique SA合併組成，為目前比利時按資產計最大的銀行，多年來一直向法國及比利時提供最多借貸的機構。於 08年雷曼風暴中，法國及比利時政府曾聯手以 30億歐元入股 Dexia，另再加上其股東提供的額外 30億歐元才能避過倒閉一劫。雖然 Dexia於 2010年 6月已開始停止發行政府支持的債券，不過，截至上月底銀行的總負債額仍高達 290億歐元，而且 Dexia同時於美國政府債券市場亦佔有很大比重，一旦 Dexia破產，將會令其發行的債券頓變廢紙，對美國銀行業將會造成嚴重打擊。

(內容轉載自蘋果日報網站)

AGRICULTURAL STOCKS TO BOOST ASEAN

Agricultural prices are climbing around the world and today Asean Agricultural stocks rallied, a rally that will continue today after prices in the USA for Agricultural items moved higher.

Astra Agro Lestari, Sri Trang-Agro Industry, Golden Agri-Resources and Indofood Agri Resources all posted solid gains today and it would appear to be the start of a much bigger move.

US markets were trading higher on an expected Fed move and that will add to gains across Asia today.

A Surge in CPO prices contributed to a strong day on the Bursa Malaysia.

Bursa Malaysia Closed up 6 points or 0.41% to close at 1487.41 points on Monday.

The 3rd month CPO future price gained RM170 to close at RM2930. The Finance Index added 0.16% to 13519.65 points, the Properties Index climbed 0.88% to 955.07 points and the Plantation Index rose 1.68% to 7036.76 points.

The market traded within a range of 5.53 points between an intra-day high of 1490.10 and a low of 1484.57 during the session.

Actively traded stocks include KBUNAI, HWGB, HWGB-WB, MALTON, MUHIBAH, IOICORP, AIM, OILCORP, GOCEAN and SAAG. Trading volume increased to 1094.09 mil shares worth RM1715.32 mil as compared to Friday’s 1075.15 mil shares worth RM1657.25 mil.

Leading Movers were GENTING (+26 sen to RM10.52), SIME (+11 sen to RM 8.70), IOICORP (+8 sen to RM5.58), KLK (+30 sen to RM17.70) and MISC (+8 sen to RM8.77).

Lagging Movers were AXIATA (-3 sen to RM4.54), TM (-5 sen to RM3.44), DIGI (-20 sen to RM24.78), CIMB (-2 sen to RM8.15) and TENAGA (-3 sen to RM8.83).

Market breadth was positive with 479 gainers as compared to 287 losers.

In Jakarta the Composite Index advanced 1.79 points, or 0.1 percent, to close at 3,548.75. About 6.2 billion shares worth Rp 5.91 trillion ($658.3 million) changed hands. Decliners outnumbered gainers 105 to 103.

The JCI gained 31 points to register a high of 3,575 in the first hour of trading before spending the rest of the day working its way lower.

Astra Agro Lestari, the country’s biggest listed palm oil plantation company, surged 7.1 percent higher, its steepest increase since Aug. 5, as palm oil futures climbed 5.7 percent to a 26-month high in Kuala Lumpur trading.

International Nickel Indonesia, the nation’s biggest nickel producer, rose 0.5 percent and Aneka Tambang, the state-owned gold and nickel producer, added 2.1 percent as nickel gained 1 percent to $24,650 a metric ton.

Astra International, the nation’s biggest automotive retailer and a seller of Honda motorcycles, fell 1 percent to Rp 56,400, its lowest close since Sept. 29.

Motorcycle sales in Indonesia dropped 34 percent in September from a month earlier to 481,485 units due to the Idul Fitri holiday, Bisnis Indonesia reported, citing data from the nation’s motorcycle association.

XL Axiata, a mobile-phone operator, climbed 1.9 percent to Rp 5,500, its highest close since Sept. 29. Sebastian Tobing, an analyst from UBS, raised his share-price estimate for XL Axiata to Rp 6,500 from Rp 5,500, saying valuations “remain attractive.”

Indofood Sukses Makmur, Indonesia’s biggest instant-noodle maker, lost 4.4 percent to Rp 4,875, its lowest close since Sept. 7.

The company had its stock rating lowered to “neutral” from “overweight” by Stevanus Juanda at JPMorgan Chase, citing the lack of a “major catalyst” after the listing of a packaged-foods unit. The brokerage reduced the share-price estimate to Rp 4,650 from Rp 5,000. The company also faced a recall of its Indomie instant noodles in Taiwan and Hong Kong.

Meanwhile, the rupiah rose 0.1 percent to 8,928 per dollar as of the market’s close on Monday, trading near its highest level in more than three years on speculation that the US Federal Reserve would step up asset purchases to boost the US economy, increasing the flow of funds to higher-yielding assets.

The Stock Exchange of Thailand (SET) composite index went up 14.66 points or 1.52% to close at 977.85 points at the end of trading session on Monday afternoon. The trade value was 27.05 billion baht.

Shares in Sri Trang-Agro Industry Pcl STA, the country’s largest publicly traded rubber maker, hit an all-time high on Monday as strong demand from the automobile industry boosted its earnings outlook.

At 0350 GMT, Sri Trang shares were up 8.4 percent at 24.6 bajt, having hit a record of 24.8 baht. The main Thai index .SETI was up 1 percent.

Broker Trinity Securities said the shares were relatively undervalued, trading at a price to earnings ratio of 6-7, well below its target of 10.

BTS Group, the operator of the Bangkok SkyTrain, has signed a 50-million (2-billion-baht) deal with Siemens of Germany to supply one car to each of its 35 three-car trains.

Chief operating officer Surapong Laoha-Uny said the deliveries of the new carriages were scheduled over the next 30 months to serve the expected growing demand on the Sukhumvit route following the opening of the On Nut-Baring extension in mid-August 2011.

Operation of the new section is forecast to help lift average ridership to 500,000 a day next year. Revenue growth in 2011 is expected to exceed the 8% figure estimated this year, thanks partly to the increased capacity of its new four-car trains.

Next month, BTS will introduce its new Chinese-made four-car trains. The 12 new trains will be in full service by December to help attract customers on the congested Silom route, said Mr Surapong.

The Chinese-made trains will increase SkyTrain capacity by 30% from the current three-car trains made by Siemens. The new trains each have a capacity of 1,490 passengers, while the current three-car series can carry 1,106.

Average ridership on the SkyTrain on weekdays is 460,000 and is projected to reach 480,000 by year-end.

Top five most active values were as follows;

PTTEP closed at 170.00 baht, up 5.50 baht (3.34%)
PTT closed at 306.00 baht, up 4.00 baht (1.32%)
BANPU closed at 740.00 baht, up 10.00 baht (1.37%)
STA closed at 25.00 baht, up 2.30 baht (10.13%)
CPF closed at 24.20 baht, up 0.70 baht (2.98%)

Singapore shares rose 0.3 percent in the morning session on Monday, led by gains in palm oil firms, By the midday break, the Straits Times Index (STI) was up 9.78 points at 3,163.12. The total market volume was 1.5 billion shares.

Shares of Singapore-listed palm oil firms outperformed the broader market on prospects for higher demand for palm oil amid concerns of a shortage of soy and corn crop in the U.S., traders said.

“Palm oil plays will normally take the lead from crude oil prices. Both are heavily correlated and we expect crude to top $100 next year,” representing further upside for palm oil stocks.

Golden Agri-Resources (GAGR) rose 5.2 percent to S$0.605 while rival Indofood Agri Resources (IFAR) climbed 4.8 percent to S$2.40.

The world’s largest palm oil firm Wilmar International (WLIL) gained 1.3 percent at S$6.06.

Tey said he expected the STI’s upside to be capped at 3,172 points in the afternoon session.

“We expect a dull week ahead for the STI as we look towards the earnings season starting next week,” Tey said.

“I believe third quarter corporate earnings may be very lukewarm, so I see little upside for the rest of the year.”

Shares of Singapore’s Biosensors International (BIOS.), which licenses medical technology, rose 10 percent to S$1.10 after it said an investor had bought a near 30 percent stake in the firm.

In Manilla, the Philippine Stock Exchange index (PSEi) shed 18.22 points, or 0.43 percent, to close at 4,218.79 Monday.

The broader all-share index was also down by 3.50 points or 0.13 percent to 2,688.12. All sub-indices slipped except holding firms, which rose by 32.64 points, or 1.01 percent, to 3,264.42 points.

The property index led the decline, losing 37.41 points, or 2.32 percent, to close at 1,575.30.

Decliners led advancers nearly two to one with 90 shares slipping and 46 gaining. Prices of 35 issues were unchanged. Volume was thin with a total of 1.7 billion shares worth P5.1 billion changing hands.

“We are really expecting the market to consolidate for the week. We don’t expect any market moving news to come out in the next few days,” said Astro del Castillo of First Grade Holdings.

“I think it will be better if the index slips a little bit more.”

This will give more investors the opportunity to buy stocks before the index climbs to even higher levels next week.

Article Dated : October 11, 2010

http://www.livetradingnews.com/agricultural-stocks-to-boost-asean-24257.htm

PALMISTRY : THE LIFE OF SUN (APOLLO), PART 5

    LINE OF SUN        

•  The sun line or the appolo line is the sister line to the line of fate, ie a second fate line . The sun lines presense gives a boost to the existing fate line. A strong sun line will always compensate for a weak fate line.

• A strong sun line can be possesed by many well known people in the field of arts, music and writers. The sun line shows a love of all the creative arts and things of beauty. This line can also indicate the possibility of wealth without working, like inherited money or perhaps winning the lottery and also happiness and good fortune.
  
                                                        PLACEMENT        

• The line of sun orignates from the left-hand side of the palm when looking at the right hand, and visa versa on the left palm. A long prominent line,free from adverse marks and from liners running across it, the grater the chance of riches coming into the persons life.      

• If this line is absent ,it shows that the person may have all kind of excellent qualities, but their lives will be lived unrecognised . Many palms do not show this line until halfway up the up the the hand. This may mean that the person will finally get the recognition that they deserve in the second half of their lives.
  
                                           DIVISION OF THE SUN LINE 
  
  THE BEGINNING  -  BIRTH TO 25 YEARS
         

• It is very fortunate for a person to have a strong sun line in the beggining years of their lines. It induicates that there is a good chance for personal success, fulfillment and happiness in the early years upto 25 years of age.
  
  THE MID SECTION  -  25 TO 50 YEARS
     
• If there is absense of the line of sun in this section, then it means that the person may have bad luck and his projects and plans may have come to nothing. Obstacles have caused the persons progress or ambition to remain unfullfilled.If this line appears.
     
• This bad luck can be overcome in the end section of the line which shows a persons good fortunes returning.
  
  THE END SECTION  - 50 TO 75 YEARS
       
• If the sun line rises from above the heart line near the end of the palm, this is an especially fortunate sign, even if it hasn't shown up until now. The person might have experienced early struggle in life, but somehow they will always have been rescued at the last moment, some thing would always turn up at the last moment just when they really needed it.
         
• These people may not become very rich at this stage, but they will not be without riches also.
  
  (Source : http://linesandgems.com/Sun Line.aspx)

Intro to the Sun Line
 It starts from the wrist and moves upwards between the mounts of the Venus and moon ending on the mount of Apollo. It indicates intellectual, brilliance, fame and wealth, social life. This is a vertical line in the hand, long or short. If it is long, it starts from the upper part of the Mount of Moon and runs towards the Mount of Sun and generally terminates on the same Mount. If it is short, it starts high on the hand and ends on the Mount of Sun. If a person do not have Apollo line then he fails to have success in projects and enterprises.

Functions of the Sun Line

It is the Line of capability, expressive of he possible accomplishments in which the subject would excel.
It shows sufficient talent and intelligence which may lead to success and happiness if properly used.

Rising from the wrist running through the hand - Possession of great talent
Rising from the Line of Fate - Success through personal efforts and merits.
Rising from the Mount of Moon - Success or failure through the influence of external factors
Rising from the Plain of Mars - A stubborn nature coupled with sufficient self-confidence and right resolution to achieve success - hands of a self-made person.
Rising from the Line of Head - Success achieved late in life.
Rising from the Line of Heart - A favorable sign revealing good tastes and adequate talents useful in old age.
Rising from the Line of life - Great interest in fine arts and occult study.

Characteristic features of the Sun Line

Long and uncrossed - Riches
Straight and strong - Fame in art
Well formed in both the hands - Successful career.
Very broad and shallow - Showy.
Very deep - Exaggeration of one's art.
A clear, deep and well-cut Line - Brilliant success assured -clear cut aim in life.
Poorly formed Line - Superficial Love of arts.
Chained Line - Inherent talents not properly recognized.
A wavy line - Vacillating career - erratic and unreliable.
Several vertical Lines present - Diversity of interest - difficult to attain success.
Twisted - Permanent failure accompanied by wickedness and misery.
Zigzagged line and the Heart line is shallow or absent - A high degree of infidelity and misconduct.
Long and uncrossed with twisted fingers - Talent for evil purposes.
A branch from the Line rises to the Mount of Mercury - Distinguished success in the direction of business, scientific pursuits and in the power of expression;
A branch from the Line merging into the Head Line - Success through mental caliber
Deeply marked on the Mount of Sun with pronounced Mount of Jupiter and Mercury - Aptitude for fine literary work.

Marks On Line

An island on the Line - Serious loss of money or reputation.
Bars cutting the Line - Constant impediments to success.
Breaks in the Line - Versatility that brings neither money nor fame to the subject
Dots on the Line - Menace to the reputation of the subject.
Ends in a dot - Indication of a brilliant success.
Begins with a star and ends with a star - Brilliant success throughout life.
A cross at the end - Protection from evils of all sorts.
An island at the end - Later portion of life dull and insipid.
A fork at the end - Subject's talents in more than one direction.
Trident on the - Celebrity - wealth from mental efforts.
Ends in a tassel - Talents fritter away in so many directions and accomplishments nil.
A star at the end - Success due to the assistance and good-will of others
Rising Offshoots - Increases the good effect of the Line.

(Source : http://www.hindustanlink.com/palmistry/lines-sun.htm)

BARACK OBAMA'S PALM

(Source : http://www.squidoo.com/palmistry-palm-reading-)

PALMISTRY : THE LIFE OF SUN (APOLLO), PART 4

When sun line sends branches to saturn mount and mercury mount, that looks like a trident, then surely the person can earn a lot of money and becomes wealthy and can lead a happy life.

 (Source : http://palmistry2010.blogspot.com/2009/12/trident-sign-on-sun-line.html)

PALMISTRY : THE LIFE OF SUN (APOLLO), PART 3

The Line of the Sun, which is otherwise called the Line of Success or the Line of Brilliancy (1-1, Plate XV.), is one of the most important marks on the hand to consider.

It has in its symbolism almost the same significance as the Sun itself has to the Earth.

Without this line the life has no happiness, no sunshine, as it were, and even the greatest talents lie in darkness and do not produce their fruit.

Amateurs, in looking at hands, often make the greatest mistakes in seeing what appears to be "a good Line of Fate," and in consequence rush off and predict great success and fortune, whereas, as I explained in the preceding chapter, a Fate Line unaccompanied by the Line of Sun may simply mean a fatalistic life full of sorrow and darkness.

The quality that the Line of Sun denotes is, what is generally called "luck"; with a well-marked Sun Line even a poor Line of Head promises more success, and it is the same with the Line of Fate.

People with the Sun Line appear to have more magnetism, more influence over others. They more easily secure recognition, reward, riches, and honours.

They also have a happier and brighter disposition, and this has naturally a great deal to do with what is called success.


When Sun line rises from the Mount of Luna it promises success and distinction. Largely dependent upon the fancies and the help of others.

With a sloppy line of Head, however, it is more inclined to denote success in poetry, literature and things of the purely imaginative order.

Sun Line rising from the line of Heart, it denotes a great taste for art and artistic things, and looking at it from the practical point of view it denotes more distinction and influence at late age in life.         

If the third finger be nearly equal in length to the second, the finger of Saturn, a very long line of Sun with such a formation makes the person inclined towards gamble with everything.

A star on the line of Sun indicates the person is exceptionally brilliant and the success will remain throughout the life.

A square on the line of Sun indicates preservation against the attacks of enemies.

An island on the line of Sun means lose of position and name for the length of time that the Islands lasts.

PALMISTRY : THE LIFE OF SUN (APOLLO), PART 2

The Line of Sun or Apollo
Normal position of the Line:
This is a vertical line in the hand, long or short.   If it is long, it starts from the upper part of the Mount of Moon and runs towards the Mount of Sun and generally terminates on the same Mount.  If it is short, it starts high on the hand and ends on the Mount of Sun.
General functions of the Line:
1. It is the Line of capability, expressive of he possible accomplishments in which the subject would excel.
2. It shows sufficient talent and intelligence which may lead to success and happiness if properly used.
Nature of the Line of Sun Characteristic features of the subjects
Absence of the Line The subject may work hard, but finds recognition of the world difficult to gain.

Long and uncrossed Riches

295. Straight and strong Fame in art

296. Well formed in both the hands   Successful career.
297. Very broad and shallow Showy.

298, Very deep Exaggeration of one's art.

299. Starting from the wrist running through the hand   Possession of great talent

300. Starting low in the hand and runs only for a short distance possession of talents but not productive.

301. If the Line rises higher in the hand and covers the space between the Head and Heart Lines (i.e. the Quadrangle) special talents of the subject operative.

302. Rising from the Line of Fate Success through personal efforts and merits.

303. Rising from the Mount of Moon Success or failure through the influence of external factors

304. Rising from the Plain of Mars A stubborn nature coupled with sufficient self-confidence and right resolution to achieve success - hands of a self-made person.

305. Rising from the Line of Head Success achieved late in life.

306. Rising from the Line of Heart A favourable sign revealing good tastes and adequate talents useful in old age.

307. Rising from the Line of life  Great interest in fine arts and occult study.

308. A clear, deep and well-cut Line Brilliant success assured -clear cut aim in life.

309. Poorly formed Line   Superficial Love of arts.

310. If the Line is present, then disappears and afterwards begins again Talents of the subject latent during the period of absence of the Line.
311. A chained Line Inherent talents not properly channelised.

312. A wavy line Vacillating career - erratic and unreliable.

313. Several vertical Lines on the Mount of Sun   Diversity of interest - difficult to attain success.

314. If the Line is twisted Permanent failure accompanied by wickedness and misery.

315. If on the Mount of Sun two parallel lines are seen one on each side of the Line of Sun Added strength to the already existing strong Line - undreamt of fame and glory.

316. The Line is strong with the Line of Head sloping towards the Mount of Moon, and the Mount of Moon bulging Sure sign of success through purely mental or literary pursuits.

317. The Line is strong, the Line of Head poor, the finger of Apollo is nearly of the same length as the finger of Saturn Speculative and gambling nature risking anything.

318. If the Line is deep and clear, the Line of Head straight and the Mount of Jupiter or Venus ruling Love of power and authority.

319. A clear Line accompanied by a strong Mount of Mercury, Apollo or Jupiter  High talents for business or politics.
320. If any auxiliary line starts from the Mount of Saturn and runs towards the Line cutting through it Success interfered and impeded for a long time, because of poverty.

321. If the Line is composed of many small lines connected together poor talents - no original ideas - subordinate to others.

322. If the Line is zigzagged and the Line of Heart is shallow or absent A high degree of mischievous intelligence and wickedness - sign of infidelity and misconduct.

323. When a subsidiary line from Moon joins or runs parallel to the Line Legacy, often from a woman.

324. When a line from upper Mars joins or runs parallel A substantial gift from a person other than the relatives - mostly in the form of landed property.

325. If the Line is long and uncrossed with twisted fingers Talent for evil purposes.
326. Branches or fine lines rising from the Line Increases the good effect of the Line.

327. If a branch from the Line rises to the Mount of Mercury.
Distinguished success in the direction of business, scientific pursuits and in the power of expression;

328. A branch from the Line merging into the Head Line Success through mental calibre

329. If the line is deeply marked on the Mount of Sun with pronounced Mount of Jupiter and Mercury  Aptitude for fine literary work.

330. Cut by a Line of Union Loss of position due to an unsuitable marriage or a disgraceful entanglement.

331. An island on the Line Serious loss of money or reputation.

332. Bars cutting the Line Constant impediments to success.

333. Breaks in the Line Versatility that brings neither money nor fame to the subject

334. An island on the Line in the hands of bad Jupiterians or Apollonians  Sign of losing money through bad conduct - a scandal in private life.
335. Dots on the Line Menace to the reputation of the subject.

336. If the Line ends in a dot Indication of a brilliant success.

337. If the Line begins with a star and ends with a star   Brilliant success throughout life.

338. A cross at the end of the Line Protection from evils of  all sorts.

339. An island at the end of the Line Later portion of life dull and insipid.

340. A fork at the end of the Line Subject's talents in more than one direction.

341. A well marked trident on the end of the Line  Celebrity - wealth from mental efforts.

342. If the Line ends in a tassel Talents fritter away in so many directions and accomplishments nil.

343. A star at the termination of the Line Success due to the assistance and good-will of others

344. If a star be seen on the Mount of Apollo Certain to achieve great renown

(Source : http://tamilastrology.hosuronline.com/Palmistry/Linesun.asp)