Top Trending News For The Week (15 June 2015)

And here’s what been happening this week!


1) China’s Stock Market Value Tops $10 Trillion for First Time

$10 Trillion, that’s 10 followed by 12 zeroes = $10,000,000,000,000. That’s ALOT of zeroes!

This was the first time in the history of China that the market capitalization of primary listing in China went above $10 trillion. To place things in perspective, Japan’s market capitalization was only $5 trillion. But what was really interesting was China was ranked behind Japan just 12 months ago and the stunning  increase of $6.7 trillion happened in just a year!

However the main question on everyone’s mind is: “Is the market overvalued?”

Well your guess is as good as mine but the combination of a huge surge in market value without a corresponding change in fundamentals with individuals taking on higher leverage in their ventures is something that we should take note of!



2) Noble Shares Embarks On Share Buyback

In the wake of Iceberg’s report, Noble has been faced with questions about its accounting practices.

To rub salt in their wounds, S&P cut its outlook on Noble’s debt to “negative” from “stable”. This was not a very good sign for a company whose operations are dependent on debt.

In an attempt to stem the bleeding (Prices have fallen 40% this year), Noble announced in the past week that the company had bought back 25 million shares or about 0.4% of total issued shares at S$0.67 each for a total consideration of S$16.8 million.


3) Thousands March in Hong Kong Against China-Backed Vote Plan

Thousands joined a march in Hong Kong to demand that lawmakers reject a China-backed plan for Hong Kong’s first direct Chief Executive election on 14 June 2015.

Protesters rallied at Victoria Peak before making their way towards the government headquarters.

Is the umbrella movement coming back?


Join us on Facebook for more exciting updates and discussion about value investing. Submit your email address for important market updates and FREE case studies!

[contact-form to=’’ subject=’Email Contact From Main Page’][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][/contact-form]

We will only provide you with information relevant to value investing. You can unsubscribe at any time. Your contact details will be safeguarded The information provided is for general information purposes only and is not intended to be any investment or financial advice. All views and opinions articulated in the article were expressed in the writers’ personal capacity and do not in any way represent those of their employers and other related entities. 

Add a Comment

Your email address will not be published. Required fields are marked *