Peter Pham

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  • Singapore’s Banks Caught in Macro Cross Currents

    By Peter Pham - June 14, 2013 | Tickers: DBSDY.PK, EWS, UOVEY.PK

    Singapore’s benchmark Straits Times Index (STI) had gained more than 9% through late May of this year, but nearly all of those gains have been given back in a frightful slide back to the 3200 level. Bank shares have outperformed so far this year as well despite selling off with the STI, with DBS Group (NASDAQOTH: DBSDY.PK) rising 8.4%, Oversea-Chinese Banking (NASDAQOTH: OVCHY) up 4.2%, and United more »

  • Toyota and Ford Battle in the U.S and China

    By Peter Pham - June 14, 2013 | Tickers: F, GM, TM, VLKAY

    Back in April, Ford (NYSE: F) and Toyota Motor (NYSE: TM) both claimed that they had the world’s best-selling car in 2012. Toyota’s iconic Corolla has been on top for so long that it’s usually fait accompli, but this time, Ford claimed on the back of data provided by automotive research and marketing firm Polk & Co., that it sold 1.02 million Ford Focuses while Toyota managed more »

  • 2 Gold Stocks for Emerging Market Plays

    By Peter Pham - June 13, 2013 | Tickers: BTG, ABX

    While most of the gold exploration and production companies, from Barrick Gold (NYSE: ABX) to the junior plays such as Valor Gold are increasing their focus on the Nevada’s gold rush, others such as B2Gold Corp (NYSEMKT: BTG) and Continental Gold are eying some of the key areas in emerging markets. Both B2Gold and Continental are based in Canada and like their much bigger South African rival AngloGold Ashanti more »

  • SingTel Needs Sale to Unlock SE Asia

    By Peter Pham - June 12, 2013 | Tickers: FB, NOK, SGAPY.PK

    Singapore Telecom (NASDAQOTH: SGAPY.PK), or SingTel, is Asia’s largest multi-market mobile operator with major investments in India, Indonesia, the Philippines, Thailand, Pakistan and Bangladesh. SingTel provides telecommunication services to more than 26 countries and served more than 445 million mobile customers last year. It owns the second largest telco in Australia, Optus, whose satellite division the latest reports have SingTel looking to sell for around $1.9 billion. KKR more »

  • The Good Problems WeChat is Causing Tencent

    By Peter Pham - June 10, 2013 | Tickers: SOCL, CQQQ, FXI, SINA, TCEHY.PK

    The Chinese internet giant Tencent Holdings (NASDAQOTH: TCEHY.PK) introduced a blockbuster mobile chat application that is being perceived as a significant threat to the revenues of social networking firms such as Sina's (NASDAQ: SINA) Weibo, as well as Chinese telcos like China Mobile and China Unicom. WeChat is doing now what Tencent’s QQ did about a year ago: eating massive amounts of the nation’s 2G bandwidth, but more »

  • Chinese Oil Majors Create Smörgåsbord for Bond Investors

    By Peter Pham - June 10, 2013 | Tickers: SNP, CEO, LQD

    The second half of April saw record setting bond sales Hong Kong and New York. Asia’s leading oil refiner, Sinopec (NYSE: SNP), sold $3.5 billion, which was not only the biggest bond sale by a Chinese company in the last ten years, but also the single largest sale in Asia, excluding Japan. Two weeks later, CNOOC (NYSE: CEO) announced an even bigger bond sale worth $4 billion. With more »

  • India’s Partial Deregulation of Sugar Mixes Politics with Economics

    By Peter Pham - June 7, 2013 | Tickers: INCO, SCIF, ICN

    The sugar price in India has finally been partially deregulated by the Cabinet Committee on Economic Affairs (CCEA). This was a greatly anticipated decision and now allows the sugar companies to sell their product in the open market. This decision is just part of the Committee's report which covers larger economic reforms of the agricultural industry.

    The levy breaks

    The government, however, will continue to sell sugar at a more »

  • Barrick Hedges Its Product and Its Portfolio

    By Peter Pham - May 30, 2013 | Tickers: AU, ABX, GLD

    The world’s leading gold producer Barrick Gold (NYSE: ABX) recently released its quarterly results, in which its profits fell on lower prices and lower volumes. But the company is sticking to its guidance of 7 million to 7.4 million oz. mined for the year. The company's long-suffering shareholders, however, have finally been given some decent news about costs, as the company is going to begin selling off more »

  • Starbucks – Making it Look Easy

    By Peter Pham - May 27, 2013 | Tickers: DNKN, GMCR, SBUX, YUM

    The world’s biggest coffee chain Starbucks (NYSE:SBUX) and the specialty gourmet coffeemaker Green Mountain Coffee Roasters (NYSE:GMCR) have entered into an agreement, for a minimum period of five years, that will triple the number of Starbucks’ products on GMCR’s Keurig brewers. The agreement comes as a surprise to some who were thinking that eventually, Starbucks was going to drive GMCR out of business. But the two more »

  • Yahoo’s Identity Crisis Continues Despite Profitable Q1

    By Peter Pham - May 16, 2013 | Tickers: GOOG, MSFT, YHOO

    Yahoo's (NASDAQ: YHOO) most recent quarterly earnings may have topped estimates, but the company did not show any improvement in ad revenues. In fact, in this quarter, search has made a bigger contribution to the top line than ads. The latest ComScore data has shown that Yahoo’s explicit core search market share has slightly increased. But the company’s overall revenues have fallen, and even a rising bottom more »

  • This Biotech Giant Is Continuing Its Growth via M&A

    By Peter Pham - May 13, 2013 | Tickers: ILMN, LIFE, TMO

    A group representing some of the biggest private equity firms in the world, the Blackstone Group, Carlyle Group, KKR, and Singapore’s Temasek Holdings are eyeing California based bio-tech firm Life Technologies (NASDAQ: LIFE). They forwarded a bid of $62 per share, which values the firm at $11 billion. But, the analytical and laboratory equipment behemoth, Thermo Fisher Scientific (NYSE: TMO) came forward with a much higher bid of $75 more »

  • China’s Yuan Clearing Continues Building Without the Dollar

    By Peter Pham - May 2, 2013 | Tickers: FXA, VNM, CYB

    Yuan trade settlement scheme and the offshore Yuan market have expanded rapidly in recent years. Chinese authorities have sought to promote the international use of the Yuan in trade and investment. Yuan-denominated trade accounted for about 10% of China’s total foreign trade in July 2012. WisdomTree Chinese Yuan (NYSEMKT: CYB) tracks the changes in the Yuan/Dollar pair.

    Offshore Yuan deals can be cleared via two routes. Transaction goes more »

  • Chinese Refiners Are Free to Make a Profit

    By Peter Pham - May 2, 2013 | Tickers: SNP, PTR, BNO

    China’s refining sector continually struggles to come to grips with government control of the price of fuel and the incessant volatility of oil prices amidst global monetary stress. Asia’s leading refiner and China’s second-biggest oil firm China Petroleum and Chemical (ADR) (NYSE: SNP), otherwise known as Sinopec, posted a dip in annual profits as it was hit by fuel price controls at its home in the face more »

  • Allied Nevada: New Management Creates Confidence

    By Peter Pham - May 1, 2013 | Tickers: ANV, ABX, SLV, GLD

    Allied Nevada’s (NYSE:ANV) stock surged after the company reported its preliminary Q1-2013 results. The business is one of the key players of Nevada’s current gold rush and owns more than 100 exploration properties at various stages of production throughout the state. The company’s stock has bounced finally after almost touching the 52-week low as it informed investors that it was going to meet its six-month guidance more »

  • PC Sales Hit the Wall of Wintel Indifference

    By Peter Pham - May 1, 2013 | Tickers: AAPL, INTC, LNVGY.PK, MSFT

    The latest IDC and Gartner data on PC shipments has revealed that things as bad as leading players as had been projected; in fact, they are much worse. The decline in PC sales has been far worse than anticipated and, as expected, Lenovo (NASDAQOTH: LNVGY.PK) has once again emerged as the sole survivor. According to IDC, Total PC shipments have dropped by 13.9% to 76.3 million units in more »

  • Novartis’ Patent Loss Underscores Future Growth Dangers

    By Peter Pham - May 1, 2013 | Tickers: MRK, NVS, PFE

    In a much hyped and landmark case, Novartis (NYSE: NVS) has had its patent revoked by Indian authorities. Authorities made it clear that India can step forward to revoke drug patents in the occurrence of any serious disease or pandemics.

    The Supreme Court’s ruling on on April 1st came as a blow to Novartis rejecting the patent application of its cancer drug Glivec. This was one of a more »

  • Is Nokia Siemens Attractive Enough Yet to Sell?

    By Peter Pham - May 1, 2013 | Tickers: ALU, MSFT, NOK, SI

    The Finnish smartphone manufacturer Nokia (NYSE: NOK) recently released its quarterly results that surprised the market as the company reported an unexpected drop in revenues by 20% year-over-year and 27% from the previous quarter to $7.6 billion. The sales of its flagship Lumia handsets that underpin its turnaround strategy showed solid strength what was a bright spot for most of 2012, its joint-venture with Siemens (NYSE: SI) put in more »

  • FOXCONN Begins Cutting out the Apple Core

    By Peter Pham - May 1, 2013 | Tickers: AAPL, HNHAF, MSFT, NOK, SSNLF

    The contract electronics equipment manufacturing behemoth Hon Hai Precision (NASDAQOTH: HNHAF), the biggest supplier of Apple (NASDAQ: AAPL), reported a 19% drop in sales caused by weakening demand of the iPhone. FOXCONN’s heavy exposure towards Apple, which until last year was its strength, has now turned into a weakness, having essentially built its business to support Apple. So as FOXCONN goes, in many ways, so will Apple go. This more »

  • Yamaha’s Dirt Cheap Bike Just the Beginning of its Changes

    By Peter Pham - May 1, 2013 | Tickers: FXY, HMC, ICN

    Yamaha (NASDAQOTH:YAMCY) has begun work on the world’s cheapest motorcycle in India. The bikes will be priced at $500 US dollars. There has not been any launch date set as of yet. Yamaha’s new facility, Motor Research and Development India Pvt. Ltd (YMRI) established in Surajpur in Uttar Pradesh in February this year is working to its full capacity in order to manufacture the bike to be more »

  • Exxon Dives Into Australian Waters to Produce LNG

    By Peter Pham - April 29, 2013 | Tickers: BHP, LNG, FXA, XOM, RDS-A

    Exxon Mobil (NYSE: XOM), the largest U.S. oil company, along with mining giant BHP Billiton Ltd.(NYSE: BHP), are in the planning phase for building the world’s largest floating liquefied natural gas (LNG) plant off the coast of Australia. It will be half a kilometer long and 75 meters wide. The new project also shows that despite some setbacks, Australia still continues to attract investments in its LNG more »

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