New fairy tale

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(Update Oct 14) I saw this “UBS analyst conference call” from trader168, it talked about “UBS analyst followed the momentum, not the fundamental analysis”. Some food for thought amid all the craziness in the China A share market, and its ripple effect on Hongkong and US markets.

(Original) The performance of recent Haigui stocks are spectacular, here are today’s closing prices of 3 big boys recently came back from Hongkong.

China Shenhua Coal, 中國神華: 1088.HK (54.00 HKD), 601088.SS (92.12 Yuan)

COSL, China Oilfield Service Ltd, 中海油服: 2883.HK (19.72 HKD), 601808.SS (51.65 Yuan)

China Construction Bank: 0939.HK (7.27 HKD), 601039.SS (10.06 Yuan)

For reference, one HKD is slightly less than one Yuan (CNY). Interestingly, Shenhua in Chinese also means fairy tale 🙂

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