Reading Time: < 1 minute (Update Dec08) They released 2008 forecast, here is excerpt. 中金2008年股票策略报告认为，中国A股市场高估值状况将在2008年持续，大盘蓝筹股明年上升空间为30％－40％，并看好金融、地产、零售、钢铁和电力等五大板块的投资机会。 (Original) We are at the end of 2007, and it’s interesting to reflect how the market did, how our portfolio did, and how the analysts did (to forecast the market). In the begining of this year, I have the oppertunity to read this CICC 2007
Reading Time: < 1 minute Home Inns (HMIN) is raising fund through convertible bond (up to) $149 m (reuters news). It seems they still need the cash to expand. Longtop got more analyst converge: Deutsche bank and Jefferies initiated with Buy with target price of $30 and $29, respectively. Quoted here: Deutsche Bank initiates coverage on Longtop Financial Technologies (NYSE:
Reading Time: < 1 minute According to Chinatimes.cc (Shui Pi), 上证指数自10月16日创出历史新高6124点之后已经连续下跌30天，下跌1346点，跌幅达到20%，市值的损失高达5万亿左右，相当于这一轮牛市启动之前中国股市的整个市值，不夸张地说，是蒸发了一个传统股市。按照跌幅超过25%可以视作牛熊转换的理论来看，这样的调整即便不能算崩盘，至少也是大起大落的一种表现，更何况根据媒体的统计，从2006年11月至今，投资者亏损面已经达到70%以上，挣钱的不足25%。 …… 一个和谐社会是离不开一个和谐的股市的，要把胡锦涛总书记“创造条件让更多的群众拥有财产性收入”的讲话精神落到实处同样需要一个充满着阳光和希望的股市。投资者要有风险意识，管理层又何尝不是如此呢？ Seriously, harmonious or not, I do not think there is a stock market in which more than 50% of the participants making money. To be more realistic, I think 30% make money, 70% lose money is common in stock markets, especially in short term (say one year
Reading Time: < 1 minute Screen shot Capital Week published on Dec. 1, 2007 Anthony Bolton is the legendary fund manager for Fidelity (the mutual fund company Peter Lynch made his name). He visited China lately and answered investing questions from reporter of Capital Weekly.
Reading Time: 3 minutes First a little background. Longtop did its high profile IPO on Oct. 24, a short month ago at NYSE (think how much market sentiment has changed since then). As the first Chinese software company listed in NYSE, Longtop is in the sweet spot in terms of the customers they serve: the Chinese banks. Chinese banks,
Reading Time: < 1 minute (Updated) I used the revenue number from company report and calculated the growth rate, using google spreadsheet. Revenue, in thousand of $, the following columns may not align right, click the G speadsheet above if you like. FY ending 3/31/2007 3/31/2008 growth rate 3/31/2009 growth rate Q1 9238 11530 24.81% ? Q2 11204 20200 80.29%
Reading Time: < 1 minute I went to do my annual eye exam today. I noticed they offer an add-on service named QuantifEye(R), which is a macular degeneration test cost $20 (not covered by insurance). Curious about the test, and because I worked a lot before computers (thought that would make my eyes aging faster than my parents), I did
Reading Time: < 1 minute I heard these UGG shoes (boots more exactly) from my friend Sophie not long ago. Today when I visited the west county mall, I stopped by the Journeys and Nord Strom, and I saw those boots were both displayed on the predominant spots. Not surprisingly, I also saw quite a few people are wearing those
Reading Time: < 1 minute “万科不鼓励炒房”, the original Chinese article is here at 21cbh. <21世纪>:万科怎么看待炒房客? 王石:在高档住宅方面,万科占的比例很小,同时万科也不鼓励炒房。这不是说你要炒房我们就不卖给你房子,但是我们在合同当中是有一些限制,不鼓励炒房。我们有一条规定,买了万科的房子,在房产证交给你之前,你要办过户手续万科是不给办的。当然,办了房产证之后,你要炒那是你自己的事,跟万科没有关系。 <21世纪>:怎么看待外国人到内地炒房?国内房价高企多少应该归因于海外炒家? 王石:现在这种势头还是有的,尤其人民币升值吸引大量热钱往里进。海外购房者不可能成为中国购房的主力军,国内的房价也不可能是外资购房者哄抬起来的,就连香港这么国际化的地方,你能说香港的房价是外来投资者支撑的吗?中环的高档写字楼那些另当别论,光看住宅的话,更多的还是当地购房者购买,因为人口比例在那里摆着呢。 万科的开发是针对主流市场,当然我们开发的高档住房,外来投资者占的比例可能达到20%,但主流市场一定不是他们。举个例子,香港居民到深圳购房的比例都不超过8%。 My take: house flipping has been highly profitable in the past few years. Besides the famous Wenzhou housing flippers, I have heard brokage firm such as E-Housing (NYSE:EJ) has made money from this too. But Vanke is not interested in making
Reading Time: < 1 minute for Chinese stock market? It looks more and more like it, after two brutal weeks for many small investors/speculators in China. Here is an old article from ChinaTimes.cc (via JinRongJie). The title is 泡沫不死 挤压不止. From my observation, it is very rare that a prime minister would comment the stock market directly. But again this
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