Author: stlplace

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China Stocks

Fuwei Film, Heelys and Consumers

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Fuwei Film (FFHL) stock got a 22% jump today after it announced a very good earning report. Interestingly, I was thinking about this little known company lately. Why? Because I noticed a few days ago it got upgrade from Maxim analyst. The stock went up about 10% and dropped back to 10 in a few days. More importantly, I liked its products: plastic films used both in cosumer products packaging, and industrial packaging. Here is a link of their products (with pictures). Notice anything familar? From juice and milk bottles, to cigratte, liquor (alcohol), to laundary powder,…things we consume (eat, drink, use) daily.

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China Stocks

07 First Quarter Review

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The first quarter is behind us. Just like a public company reporting quarterly results and holding conference call, I am going to do a quick review of my little portfolio. This quarter is a quite rollercoaster for me, as it did for many investors. The Jan and Feb started fairly strong and at one time I had more than 10% gain (I used google finance to track my investments). This is until Feb 27. In one day I lost all my 10% gain because of the loss of my Chinese ADRs (HMIN and MR each lost more than 10%).

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Fun

Buffett, Siegel and Wharton Students

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Jeremy Siegel, a Wharton Finance professor and a well known author, took 100 Wharton students to see Buffett as an annual tradition between the school and the Oracle of Omaha. Here is Jeremy’s report. You don’t need to read it all. I think this is the most important part: “Priorities:…But Warren does not stew about past mistakes. He wisely counsels that anything that happens to your finances is secondary to the important things in life – picking a suitable and compatible mate, developing a relationship with your children, and doing something that you enjoy…”

Laura  Rowley, a journalist and an author, also shared similar views.

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Fun

Bought a Book from Dangdang

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I ordered a book from Dangdang.com, the China’s own Amazon.com. The process was fairly straight forward except the payment. There are lots of online payment options in China these days including the bank card. But I don’t have a special PIN from my bank, so I chose “cash payment on receipt” instead. The book came today (that was fast, consider I ordered on Monday?). Besides saving some money (dangdang gives 36% off, even adding 5 Yuan delivery fee, it’s still cheaper than buying at book store), I wanted to try the online shopping in China. So far so good.

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By the way, the book “Road and Dream” was written by Wang Shi, the founder of Vankie, and the guy who climbed many mountains including Mount Everest, or Chomolungma.

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China Stocks

ICBC 2006 Results

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ICBC (601398.SS, 1398.HK), Industrial and Commercial Bank of China, announced its 2006 result today, you can read the summary here (Chinese, English). Here is an offical PDF report (in traditional Chinese).

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Fun

Diplomat Luggage Case

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My luggage case was broken, after travelling through so many international airports (STL, ORD, PVG, NRT, SPM, PEK,…), rolling on the Shanghai streets, in two and a half years. It lost one wheel. I thought about buying another one, but on second thought, I decided to ask if it can be repaired. I searched the company using baidu and gsuo, surprisingly their office is close to my apartment (it seems my apartment is near a lot of good places). I called them yesterday and send in the case this morning. They told me it’s going to cost 20 Yuan, which is much lower than I expected. Now I am waiting patiently for my old friend’s happy return.

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Stocks

Private Equity in China

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Private Equity plays a bigger role in Chinese stock market these days. In the US private equity deals more with M&A, merge and acqusitions. In China, because the stock market did so well in last year, a lot private money has been poured into private equity (私募基金). You can feel the temporature of the market by reading this “raising minimum limit” notice. Besides money, many mutual fund managers have jumped the ship for private equity.

Interestingly, I was seriously thinking about start a similar thing (more like Buffett’s partneship, vs. other capital management firms) for a while. I won’t have this CNY 1 m. limit, which I think is no small amount for most people here. If anyone is interested, read “investing together” at the right.

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China

Hongqiao Shopping Mall

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Went to nearby Hongkong (correct Apr.6: should be Hongqiao) shopping mall on Saturday. I did not realize it’s only one block’s away from my apartment. Here are some photos (to have a larger view, click on the picture). The fountain and front view:

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China Stocks

More about Chinese Banks

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These days the Chinese bank stocks are flying high. At the same time the competition also intensifies as the foreign bank are formally opening branches next Monday. The domestic players are raising fund through IPO: with the recent IPO of ICBC (601398.SS) and Bank of China (601988.SS); the new IPO of China Citic Bank, the “Haigui IPO” of Bank of Commincations (3328.HK) are on the horizon; some local commercial banks (used to be credit unions) are also preparing IPO, notably Bank of Nanjing, and Bank of Ningbo.

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Stocks

Got Some GSIT GSI Technology

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I did not got it from the IPO allocation. WR Hambrecht did call me but I was not near the phone. When I called back, they told me they already offered the shares to others. This may be a good thing as the share was priced at 5.50, below the original price range of 6.50 to 8.

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