Reading Time: < 1 minute The party is finally here. The ticker symbol is 601628 (not available at Yahoo Finance yet), it was priced at 18.88 (lots of 8 here). And it could go to 30s (note I usually make wrong guess, so take it for what it worth…) The ticker symbol in Hongkong is 2628.HK (from Yahoo Finance). And LFC is
Reading Time: < 1 minute Keso (Hong Bo), an outspoken blogger in China, summerized his views about the Internet in China in his blog. While I don’t 100% agree with his view, I think some of his points are well said. I am thinking current stock market in China kind reflect this “make quick money” theme. By the way, Keso has some cool pictures
Reading Time: < 1 minute The following is an incomplete list of the Chinese blue chip (or red chips) companies traded both in NYSE and HKSE (Hongkong Stock Exchange). Some thinly traded stocks such as China Eastern Airlines (CEA) are not included. NYSE HK Full Name ACH 2600.HK Aluminum China CEO 0883.HK China National Offshore Oil Corp (CNOOC) CHA 0728.HK China Telecom
Reading Time: < 1 minute Home Inns’ (HMIN) stock traded above $40 for the first time today Jan 3, 2007. Since its debut on Oct 26, 2006, the stock almost doubled from its first day close price (about $22.50). From traditional valuation point of view, this is a bit insane. As a stock holder I am also nervous about such
Reading Time: < 1 minute I happened to see ACH, Aluminum China, from grusinvestments. And I went to Yahoo Finance to get more info. But some of the data there are not accurate. For instance, the PE 1.96, and yield 12.90% should really be 8, and 3.2% respectively. I think the problem was caused by the split of their stocks
Reading Time: 1 minute Here is what I saw from eBay: ***Asia Internet Connectivity Hit by Taiwan Earthquake – Trading Advice*** December 28, 2006 | 12:28PM PST/PT “On December 26, an earthquake off the coast of Taiwan damaged several undersea cables shared by international telecommunications companies. This has disrupted Internet connectivity in many countries in Asia, including Australia.
Reading Time: < 1 minute HMIN # of ADRs 32,283,906/2 Price (27Dec06) $35 Market Cap (USD) $1,129,936,710/2 Note Google Finance has incorrect number Rev (RMB) Q1 Q2 Q3 Q4 2005 109,405,488 (1st half) 77,733,825 98,722,199 2006 110,671,567 138,386,977 160,352,229 170,000,000 YoY 106% 72% Est 2006 Rev: $73,343,136 (assume 1 USD = 7.9 CNY ) Market Cap/Sales: 7.5 (it’s not totally out of whack 🙂 Note: # of ADRs is outstanding shares expressed
Reading Time: < 1 minute I am not good at predicting the top or bottom of stocks, so take it for what it worth… First is the LFC, China Life Insurance, which went from 100 to 140 in a few days mainly due to the “back to China” IPO in Shanghai Stock Exchange. Note GSH and other China blue chip
Reading Time: 2 minutes It seems to me the Internet connection from China to the outside world was down, because I could not get to some of the sites from baidu news. I attached the official email from iTalkBB, my IP phone provider at the end of this post. For me it’s just some inconvenience, but how much effect it would have on
Reading Time: < 1 minute It’s priced at RMB 18.88 per share, and it will go out of gate on Jan 9, 2007 in Shanghai. Today its US ADR LFC closed at $138.42. Note each ADR represents 40 shares of A share (in Shanghai). Consider today’s USD CNY conversion rate, 1 USD = 7.825 CNY. 138.42*7.825/40 = CNY 27.08 Assume
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