Selamat pagi,


Sehubungan dengan adanya project di tempat kami, apakah rekan-rekan bisa sharing
mengenai data rasio keuangan ( profitability , liquidity, asset management, dan
debt management ) rata-rata industri farmasi ? Atau dimanakah saya bisa
mendapatkannya ?

Terima kasih bantuannya


salam,


Budi

Why US Dollar Is Likely To Remain Weak for Awhile - Forex Currencies


Published by CNBC - November 2009


"Why the US Dollar Will Likely Remain Weak for Some Time" Albert Bozzo, Senior
Features Editor



The dollar is weak. Get used to it.

The U.S. currency's fate is tied to market speculators, geopolitics and
economic-trade crosswinds and will remain weak for both the short-term and
mid-term, unless major governments take unusual steps to intervene.

“There's been a very dominant trend since 2001,” says economist Chris Rupkey
of Bank of Tokyo-Mitsubishi. “The foreign exchange market often deals with
themes and it sometimes difficult to change those.”

And those themes, or trends, often remain in place for years. Since 2000, for
instance, the dollar has slid from a record high against the Euro to a record
low.

Though the U.S. currency is now very weak by historical standards, it has been
this weak before. On a trade-weighted, inflation-adjusted basis, the dollar was
actually weaker at two points in the 1970s, once in the 1990s and as recently as
the first quarter of 2008. Of course, it was much stronger for much of the early
1980s, when it hit a record high. (see chart below)


“The charts suggest this is the new reality for awhile," says Robert Brusca,
chief economist at FAO Economics. “Clearly, the dollar has to be weaker.
That's rational."

Most economists are unwilling to declare that this is, in effect, a new
dollar—weaker, of little stature and at immediate risk of losing its status as
the world's reserve currency. At the same time, the greenback is unlikely to
make a roaring comeback, as it did in the mid 1990s, the last time the
doom-and-gloom quotient was high and market and political analysts galore were
bemoaning the debilitating drag of the twin deficits (trade and budget).

At that time, then-Treasury Secretary Robert Rubin essentially launched the
we-want-a-strong dollar mantra, which though very effective at first, has since
become empty political rhetoric.

That’s where the national pride comes in. The world’s only superpower (for
now) should have a powerful currency, reflecting its economic and military
might. The difference this time is that a new economic-military superpower with
a huge trade surplus is emerging: China.

Given all this, it may be difficult, if not impossible, to achieve a strong
dollar again. Nor will it become some sort of Banana Republic peso, even with
the federal borrowing binges of the Bush and Obama administrations.

“I don’t think there’s a new norm, or era, dollar,” says Rupkey.



Interest Rates: Changing Dynamic

Conventional wisdom says that exchange rates are mostly a reflection of interest
rates. The higher the rate, the more attractive the currency, as investors seek
the best return on their investment. Many of those dollars get used to buy
Treasurys or other U.S. assets.

Right now, not only are official U.S. rates at rock bottom, they are about a
full percentage point lower than those set by the European Central Bank.

Though many expect the Federal Reserve to be among the first to raise interest
rates as the global recovery kicks, that is unlikely to happen until late next
year.

“This environment automatically allows leverage speculators to short the
dollar and buy gold short-term,” says veteran Fed and dollar watcher David
Jones of DMJ Advisors. “Then there’s the carry trader—you borrow in
low-interest dollars and invest in commodities currencies, like the Australian
Dollar and Brazilian Real, and that makes the dollar even weaker. That will
happen as long as Fed is easy.”

What's more, the economies of both those countries have grown enormously during
the recent commodities boom, which has cushioned the blow of the global
recession. Australia, for instance, raised rates months ago.

In the current post-crisis environment, there may be more than meets the eye to
the classic interest-rate dynamic.

Veteran Wall Streeter Ram Bhagavatula, now managing director at the hedge fund
Combinatorics Capital, recently analyzed the major economies since 2008, looking
at GDP, payrolls, productivity and interest rates.

Next to Canada, the U.S. had the mildest recession. At the same time, payrolls
here were cut the most, while productivity surged.


"Which currency should be going up? It's the dollar, " says Bhagavatula.
"There's an issue with policy structure."

An analysis of central bank policy showed "the Fed stands out as the central
bank with the most explosive stimulation. This accommodation was a substitution
for rate cuts."

In other words, the accommodation is a proxy for interest rates and the
accommodation is much bigger than it appears.

"The policy of accommodation has outlived its usefulness," Bhagavatula says.

Still, other economists say any interest rate differential in favor of the U.S.
may be both fleeting and modest.

Since it’s inception around the turn of the century, the ECB has erred on the
side of tight money and high rates, which happens to coincide with the
dollar’s slide.

What’s more, Japan has practiced a zero-to-low interest rate policy for more
than a decade and the dollar has never shown enormous strength against the yen.
Now, however, with rates about the same, the dollar-yen exchange rate is about
80, barely higher than early 1995, the time of the last dollar hysteria.


At best, favorable interest rate differentials may put a floor under the dollar,
but they are unlikely to make it strong.

Worries about a weak dollar’s role in the inflation equation have also been
overstated, say economists, even if it contributes to higher commodities prices.

“The relationship between the dollar and U.S. inflation is very diminished,”
says Brusca, who notes that inflation failed to rage during the weak
dollar-string commodities boom of recent years.

Dallas Fed President Richard Fisher underscored that point recently, saying,
“Unless it becomes disorderly, a depreciating dollar—a gradually
depreciating dollar—doesn't necessarily add an enormous inflation impulse.”



Trade Flows: More Powerful

Exchange rates may be more a function of global trade than anything else and
that goes well beyond the simple notion that the U.S. has a bulging trade
deficit.

"It's not just interest rates anymore," says Frank Vargo, vice president for
international economic affairs at the National Association of Manufacturers.
"Trade flows are very important and lately the markets give more weight to
trade."

For years now, most of the world’s largest economies and America’s major
trading partners—Germany, Japan, France, South Korea, Brazil—have pursued
economic policies emphasizing exports, which are facilitated by weak currencies.
The U.S. has been a stark exception.

Conversely, domestic demand in countries like Germany and Japan has been
relatively weak, but strong in the U.S.

“Everything is export driven,” observes Jones.

"There's got to be more domestic-led growth in these countries," says Vargo.
"That's what the G20 has been talking about."


In the 1980s, Japan’s booming, export-driven economy and undervalued dollar
was a problem for the U.S. The Plaza Accord of 1985 addressed that issue with an
agreement to devalue the dollar. (In a two-year period, it lost about 50 percent
of its value.)

“How do trade imbalances get changed over time?” asks Rupkey. "Witness the
Plaza Accord. A country gains a trade advantage and then the free market creates
a correction in currencies. You make the currency appreciate and in doing so
then make it too costly to export.”

Of course, that can’t happen with China, which has replaced Japan as the new
world trade Goliath, because its currency, the yuan, essentially has a fixed
rate, even though it is loosely pegged to a basket of currencies.

“One of the biggest things that stands out in this crisis is that one of our
biggest trading partners is not seeing its currency appreciate,” says Rupkey.

At the same time, China is not immune is hardly to the
consumption-import-export–growth dynamic.

Jones points out that the U.S. trade deficit fell from a peak rate of 6 percent
of GDP in 2007 to about 2 ¼ percent in the second quarter of this year, during
the depth of the recession, which followed six quarters of contraction in
consumer spending. (Since then, the percentage has been moving up as the economy
improves). During roughly the same period, trade shrunk from 10 percent of
China’s GDP to 6 percent.

“If the trade deficit stays his low is China going to continue to accumulate
dollars?” asks Jones.

“Free market forces really need to change here,” says Rupkey. "The burden is
really more on the Chinese side.”

A stronger yuan/weaker dollar situation would certainly affect the trade
balance, but it won’t affect China's domestic policy.

“It’s not an easy adjustment to get the Chinese to increase domestic
demand." says Jones.



U.S. Borrows, China Lends

The U.S.-China trade dynamic has become all the more complicated at a time of
soaring Washington borrowing, creating a revolving door of dollars, which may
even put further pressure on the U.S. currency.

The U.S. buys cheap Chinese exports with dollars and China uses those dollars to
buy billions of dollars of cheap Treasurys, essentially facilitating more U.S.
borrowing.

This has been going on since the presidency of George W. Bush, when the
deficit-to-GDP ratio matched Reagan-era levels of 6 percent. Given the financial
crisis and the Bush and Obama administration policy responses, that ratio is now
about 10 percent.




There were howls during the Reagan years, but there were two key differences
then: the strength of the dollar and the identity of the Treasury buyers.

“It’s a much more unstable and dangerous world,“ says Jim Rickards, senior
managing director at Market Intelligence “The single biggest difference is
that in the 80s our creditors were Japan, Europe and the Arabs. All were utterly
dependent on us for their security; our national security was their national
security. [China doesn’t] depend on us for national security. We don’t have
the lever to keep them in line economically, in effect force them to buy
Treasury securities.”

The symbiotic relationship between the U.S. and China and its impact on trade
flows, investment and exchange rates should be of greater interest to the other
key players in the global economy.

Economist after economist called it unsustainable.

The twin deficits, say economists, are something that makes people want to sell
the dollar, weakening it further.



Policy Vs Politics

Over the years prior to the single European currency, German exporters, for
instance, howled when the dollar was too weak against the Deutsche Mark; their
tolerance level with the Euro/dollar rate is now thought to be 1.55, which is
not far from the pre-crisis level of 2008. At roughly 1.48, now the dollar is
down about 25 cents since March.

American business, however, isn't complaining, especially. S&P 500 companies
derive almost half of their sales overseas. Mid-sized exporters are also
benefiting.

"The dollar is definitely competitive now and we are seeing our exports
beginning to pick up," says Vargo.

And though trade may not be the job engine the housing and financial sectors
were in recent years, it is certainly producing jobs—and at a time when the
economy is losing more jobs than it creates every month and the unemployment
rate is in an uptrend.

Those most worried about the dollar policy think the Obama administration and/or
the Fed can and should do something about it. Currency market intervention,
however, has been rare and limited in the past decade.

Bernanke surprised the markets recently by addressing the weak dollar, which
seemed to put a floor under the currency—at a level not too different than
when the central bank boss last addressed the subject in June 2008, as crude oil
was pushing $200 a barrel.

“As long as the decline is orderly, the Fed thinks it is a necessary part of
the global readjustment,” says Mickey Levy, chief economist at Bank of
America.

For now, words not deeds will probably suffice for policymakers. What's to lose
other than a little more value?

Economists say speculation about the dollar losing its place as the world's
reserve currency is  is wildly premature.

For one, "there is no alternative," says Brusca.

In addition, reserve-currency changes are multi-decade events, as when the
dollar replaced the British pound after WWII, when its economic and military
superiority were entrenched.

Such a shift would probably also require major political developments, such as
the creation of a European republic—well beyond the current economic and
monetary union—or a democratic China with a free floating yuan.

Economists say there should be more pressure on Beijing than the U.S. to do
something.

"The dollar over the next year or two will tend to see downward pressure because
our recovery will be fragile and uneven, and consumers will spend less than they
usually do," says Jones. "That's why this adjustment is going to be so be so
brutal.”


© 2009 CNBC.com

ANTM buat 24 Nov'09

Last closing : 2400

- Range : 2425 - 2350
- support : 2325
- resistance : 2475

Besok ANTM masih sideway berat, di 2350 - 2425 namun saya masih optimis 2475
bukanlah hal yang SULIT ! :)

Namun kalau dilihat dari volume dan transaksi hari ini sangat jauh di bawah
normal, dan biasanya kalau begini besoknya "ada apa2nya" nih... We'll see lah...
Semoga harapan saya terwujud,wkwkwkwkw...

Buat yang masih pegang ANTM, HOLD aja dulu ( kecuali mau main tik-tok,hehehe ),
buat yang mau masuk dan mau cari aman bgt tungguin aja di 2300, sapa tahu
dikasih ( kalo gak ya sabar aja sampe kapan tahu, hehehe )  tapi kalo dikasih di
2325 juga dah pasti CUAN deh !

So silahkan buat strategi anda masing2...


Salam OPTIMIS,

ANTM 4eve� !!!

-----Original Message-----
From: "ANak.TAMbang" <anak.tambang@...>
Date: Sat, 21 Nov 2009 07:10:17
To: <saham@yahoogroups.com>
Subject: [saham] ANTM 23 NOV'09

ANTM buat 23 Nov'09 :

Last closing : 2400

- Range : 2400 - 2350
- Support : 2300
- Resistance : 2475

Tenang aja tren ANTM masih naik, memang kemungkinan besar akan sideway dengan
kisaran 2400 - 2350 tapi ini hal wajar kok, kalau masih di kisaran ini HOLD aja
dulu.

Resistance  2475 seharusnya juga bukan hal yang sulit, jika sampai ke situ
mending PT dulu, kita tunggu lagi di bawah, hehehe...

Support di 2300, kalau jebol maka level berikutnya ke 2200.

Jadi silahkan buat strategi anda sendiri.

Analisa CANGKOEL : ON




Salam CUAN,

ANTM 4eve� !!!

------------------------------------

Kunjungi situs http://www.info-saham.com untuk informasi seputar saham.

SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS.
SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK.
SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU
PEMILIK MODAL.

saham-unsubscribe@yahoogroups.com untuk berhenti dari milis saham
saham-subscribe@yahoogroups.com untuk bergabung ke milis saham
Yahoo! Groups Links

ANTM 4eve� !!!

Kapan dan dimana? Pastinya ga di Surabaya yaah.... :)

Cheers.
---
IWAN CAHYO SURYADI, "The Trend is Your Friend"

-----Original Message-----
From: andri zakarias <a_zakarias@...>
Date: Sun, 22 Nov 2009 20:26:56
To: <obrolan-bandar@yahoogroups.com>
Subject: [saham] UBI Weekly Newsletter 23-11

Nantikan Workshop Prospek Saham IHSG & Pasar Global 2010 (Fundamental/Technical
Analysis/Flowtist) di bulan Desember.
PT. Universal Broker Indonesia Securities (TF)





------------------------------------

Kunjungi situs http://www.info-saham.com untuk informasi seputar saham.

SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS.
SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK.
SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU
PEMILIK MODAL.

saham-unsubscribe@yahoogroups.com untuk berhenti dari milis saham
saham-subscribe@yahoogroups.com untuk bergabung ke milis saham
Yahoo! Groups Links

Nantikan Workshop Prospek Saham IHSG & Pasar Global 2010 (Fundamental/Technical
Analysis/Flowtist) di bulan Desember.
PT. Universal Broker Indonesia Securities (TF)

ANTM 4eve� !!!

Mohon diabaikan saja...

Regards,

EB�

See http://M.inilah.com from your BlackBerry�

Selamat Pagi bpk/ibu Analis Saham,
Inilah berita terpopuler inilah.com tanggal 21/11/2009

*** INILAH.com tampil dengan WAJAH BARU  !! ***

Newmont pepesan kosong????
Berikut kutipan majalah TAMBANG per Nov 2009




Pukuafu Klaim Pemilik Sah 7% Saham Newmont 2008
20 November 2009 | 22:14 WIB
Egenius Soda
egen@...

Jakarta-TAMBANG.PT. Pukuafu Indah (PTPI) pemilik 20% saham di PT Newmont
Nusa Tengara menyatakan bahwa pihaknya adalah pemilik saham dari 7% saham
divestasi tahun 2008. Hal ini tegaskan oleh Komisaris Utama PTPI, Jusuf
Merukh. Pihaknya sudah menandatangani Sales and Purchase Agreement (SPA)
dengan Newmont Indonesia Limited (NIL) dan Nusa Tenggara Mining
Coorporation (NTMC) pada 16 Mei 2008. PTPI sudah membeli divestasi 7
persen 2088 seharga US$ 258 juta.

"Kami sudah membayar lunas US$ 258 juta, secara cash pada saat
penandatanganan Sales Purchase Agreement jika kembali laksanakan maka
merupakan tindakan kriminal," ujar Jusuf di Hotel Bimasena, Darmawangsa,
Jakarta, Jumat, 20 November 2009.

Selain 7% saham untuk tahun 2008, PT. Pukuafu Indah secara hukum juga
sudah sah sebagai pemilik dari 10% saham divestasi tahun 2006 dan 2007.
Kekuatan hukum yang dimaksud adalah akte Notaris Siti Safarijah, SH No.11
tanggal 12 Juni 2007 tentang pernyataan keputusan para pemegang saham
PTNNT dan akte Notaris Siti Safarijah, SH No.12 tanggal 12-06-2007 tentang
pernyataan keputusan para pemegang saham PTNNT.

"Untuk 2006 dan 2007 itu sudah diaktanotariskan kalau itu telah dijual
kepada kita, tapi SPA-nya belum ditandatangani karena belum ada
persetujuan dari ESDM. Makanya untuk yang 2008 tersebut kami tidak pakai
notaris tapi langsung SPA," ungkapnya.

Proses jual beli divestasi saham tahun 2006 hingga 2008 tersebut, lanjut
Jusuf, berdasarkan hasil RUPS pada 15 November 2005 mengamanatkan pihak
NIL dan NTMC menjual 31 % saham divestasi saham PTNNT kepada PTPI. Dan
sesuai ketentuan Kotrak Karya jika dalam jangka waktu 30 hari pemerintah
tidak menyatakan sikapnya maka secara otomatis akan menjadi milik PT.
Pukuafu Indah.

"Penegasan bahwa apabila pemerintah telah menerima penawaran dari NIL dan
NTMC dan setelah 30 hari pemerintah atau bersikap maka dengan sendirinya
hak atas 31 saham divestasi menjadi haknya peserta Indonesia (pasal 24
ayat 3 kontrak karya) yaitu PTPI," ungkap dia.

Dan mekanisme pengalihan saham tersebut pun dilakukan lewat RUPS. Seperti
diketahui RUPS telah dilaksanak 15 November 2005 yang kemudian hasilnya
mendapat persetujuan dari Menteri ESDM dan anggota komisi VII DPR.

Sementara saat ini Pihak Newmont dan Pemerintah Daerah yang diwakili oleh
Perusahaan konsorsium PT. Multi Daerah Bersaing telah memiliki 10% saham
divestasi sesuai keputusan Arbitrase. Dan sedang dalam proses penyelesaian
untuk 14% saham.

Berkenaan dengan hal tersebut, pihak PT. Pukuafu Indah pada 29 Oktober
2009 telah mengajukan Perlawanan pihak ketiga PT. Pukuafu Indah untuk
membatalkan keputusan Arbitrase Internasional 31 Maret 200 kepada Ketua
Pengadilan Negeri Jakarta Pusat.


________________________________________
From: saham@yahoogroups.com [mailto:saham@yahoogroups.com] On Behalf Of
ahmad saharjo
Sent: Saturday, November 21, 2009 7:26 PM
To: saham@yahoogroups.com
Subject: Re: [saham] Begitu Indah (BUMI)


Sekedar sharing info saja, saya baca harian Kontan edisi hari ini
memberitakan bahwa BUMI berencana untuk menerbitkan lagi obligasi konversi
senilai US$ 300 juta. Saya tidak tahu apakah pasar yang mengangkat saham
Bumi pada hari Jum'at kemarin sudah mengantisipasi adanya berita ini atau
belum. Kalau sudah, maka aksi korporasi Bumi ini acceptable to the market,
tetapi sebaliknya bila belum, maka kejadiannya akan terlihat pada
perdagangan hari Senin besok, dimana dengan jumlah hutang Bumi yang
semakin membengkak dan terus bertambah, bisa dimungkinkan terjadi
pembalikan arah atas saham Bumi alias sell off, disclaimer on please....+

KOMPAS/M SYAIFULLAH

Artikel Terkait:

• Dikuasai ADRO dan BUMI, IHSG Menguat 0,27 Persen
• Akhirnya, BUMI Kuasai Semua Saham Herald
• Menteri ESDM Baru Diminta Revisi UU Migas

JAKARTA, KOMPAS.com�- PT Bumi Resources Tbk (BUMI) kembali membuat manuver. Dalam surat keterbukaan informasi kepada Bursa Efek Indonesia (BEI), BUMI mengatakan telah mengalihkan utang sebesar 1,9 miliar dollar AS dari China Investment Corporation (CIC) kepada anak usahanya Bumi Netherlands B.V.

Pinjaman sebesar 1,9 miliar dollar AS tersebut terdiri dari tiga bagian. Senilai 600 juta dollar AS� untuk fasilitas pertama, 600 juta dollar AS untuk fasilitas kedua, dan 700 juta dollar AS untuk fasilitas ketiga. Jangka waktu tiap fasilitas pinjaman adalah empat, lima, dan enam tahun. Adapun suku bunga pinjaman itu sebesar 12 persen�per tahun plus margin yang disepakati.

Senior VP Investor Relations & Corporate Secretary BUMI Dileep Srivastava mengatakan, pengalihan utang tersebut merupakan bagian dari konsolidasi yang dipersyaratkan dalam perjanjian.

Dia menjelaskan, BUMI Netherlands B.V memberikan pengalihan pinjaman (assignment) yang dilakukan pada 5 November 2009. Sebaliknya Bumi Netherlands B.V memberikan pinjaman kepada BUMI sebagai jaminan (collateral). (Irma Yani/Kontan)

George Soros Turns To China


Forbes.Com, HONG KONG - George Soros is pouring money into Chinese stocks.
19 Nov 2009


That's because the billionaire believes China will emerge as the big winner
after the global financial crisis passes, while the United States will lose the
most in the long run from the recent turmoil.

In his latest investment, George Soros reportedly spent a combined $126 million
on subscriptions for new shares of China Minsheng Bank and Longfor Properties in
their initial public offerings in Hong Kong.

During the four-day international road show that kicked off this Monday, China
Minsheng Bank has attracted $14.1 billion worth of orders from international
investors, about three times oversubscription for the institutional tranche.
Among the big orders, Soros Fund Management has spent about $100 million on
subscriptions for the new Hong Kong-listed H-shares. Hopu Investment, a private
fund run by well-known Chinese investment banker Fang Fenglei, also placed a
huge order of up to $1 billion, according to information leaked from merchant
banks.

China Minsheng plans to raise as much as $4.1 billion in a Hong Kong IPO that
would be the world's fourth largest this year. The IPO's public placement
portion began Friday for retail investors to subscribe at 8.50 to 9.50 Hong Kong
dollars ($1.09 to $1.22) a share.

With total assets of 1,402 billion yuan ($206.2 billion), total loans to
customers of 893.5 billion yuan ($114.6 billion) and total deposits of 1,099.5
billion yuan ($141.0 billion), China Minsheng is the nation's seventh-largest
lender. In its listing prospectus, Minsheng forecast it would make more than 11
billion yuan ($1.6 billion) in consolidated net profit for this year.

After floating new shares in Hong Kong, the directors of Minsheng expected the
bank's capital adequacy ratio to increase to more than 12% from 8.57%, while
core tier 1 capital will advance to about 9% from the initial level of 6.02%,
approaching the international standard. In its third-quarter results
announcement this week, British banking giant HSBC disclosed its tier 1 ratio
increased to 10.3%, and the core equity tier 1 capital ratio strengthened to 9%.

Its scale aside, Minsheng's shareholding structure might be what's most
attractive to Soros.

Having already listed its A-shares in Shanghai, Minsheng was the first non-state
lender in China to be traded on the stock market. As the Chinese government does
not control any stakes in Minsheng, the bank has not received any government
funds to carve out bad assets.

Besides Minsheng, the investment fund under Soro has also subscribed up to 200
million Hong Kong dollars ($25.8 million) for new shares of Longfor Properties,
the top developer in China's biggest industrial city, Chongqing. Longfor has
raised 7.1 billion Hong Kong dollars ($906.4 million) from issuing new shares
this week that it will use to acquire new projects and to finance the
outstanding land costs of existing projects. Its trading debut is scheduled for
Nov. 19.

Sources from merchant banks revealed that Longfor had received more than $15
billion in subscriptions. For the institutional tranche alone, it recorded about
12 times oversubscription.

Besides Soros, Chinese sovereign-wealth funds also contributed to the
overwhelming orders. Longfor disclosed in its listing prospectus that it had
already signed up five cornerstone investors. They include Singapore state-owned
investment fund Temasek, its sister company Government of Singapore Investment
Corp, the Singapore-listed Hong Kong Land and China Ping An Insurance, as well
as Bank of China

Soros is keen to invest in China. To understand more about China's latest social
and economic developments -- and to help him spot out investment targets -- he
recently met some Chinese scholars and experts in Budapest, where he was born in
1930.

Best known as "the man who broke the Bank of England" by short-selling sterling
to gain $1.1 billion in 1992, Soros has been a prophet to investors around the
world.

At an Oct. 30 lecture titled "The Way Ahead, Comments On China" at Central
European University, Soros forecast that the global financial crisis will
totally alter the existing world order.

"The United States stands to lose the most, and China is poised to emerge as the
greatest winner," Soros predicted, because the crisis in the U.S. is an
internally-generated event that led to the collapse of the financial system,
while China was somewhat insulated from the financial crisis.

Despite the fact that China's exports have sharply dropped in the past year,
Soros believes China's financial, political and economic system were left
largely unscathed.

"China has discovered a remarkably efficient system of unleashing the creative,
inquisitive and entrepreneurial activity of the people who are allowed to pursue
their self-interests, while the state can cream off a significant portion of the
surplus value of their labor by maintaining an undervalued currency and
accumulating a trade surplus. So, China is likely to emerge as the big winner,"
he explained.

Soros contends that China can stimulate its domestic economy through investments
in its infrastructure while also supporting its exports by investing in and
extending credit to its trading partners. It had been financing its exports to
America in the past, for example, by buying U.S. government bonds. But now that
American consumers are cutting back on spending, China can use the same system
with other countries. China is likely to be a "positive force" in the global
economy, Soros said, while the United States will be "limping along."


--
Thomson Reuters contributed to this article.

Bumi mid term uptrend ya abah ?
Bisa nambah posisi lagi atau hold ?


Pada tanggal 20/11/09, Hendrik Limbono <hendrik_lwww@...> menulis:
> Selengkapnya : http://bei5000.com/2009/11/20/begitu-indah-bumi/
>
> Posisi BUMI hari ini indah banget.. sayangnya VWAP agak di bawah (2730)
> senin mungkin pembukaan koreksi dulu ke situ
>
> Disclaimer On
>
>
>

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