Reading Time: < 1 minute I have talked about investing in China many times in this blog. Recently a good friend of my wife asked this question: how to protect her parents retirement (life style) now that they are near retirement? I think this is a very good question, also a very common one. Recently I read Charlie Munger’s book… Continue reading Investing in China: I
Reading Time: < 1 minute Couple days ago I suggested the China stock market could have a relief rally after Olympics, when the party is over without major glitches. I still belive Beijing Olympics will turn out to be ok, amid so much worries from human rights protests to security threats. I also believe Chinese economy will not stand still… Continue reading China: embracing bear market after Olympics?
Reading Time: 3 minutes Coule day a ago I came across this BoA (NYSE:BAC) bought CCB (China Construction Bank, Hongkong 0939) shares at dirt cheap price story from my Chinese friend StrengthTrader (English news here). After that I read this one original written by 21cbh, titled The Mystery of 70% Off of CCB Shares, here is a faster link… Continue reading Demystify the sale of CCB shares
Reading Time: 2 minutes Last week, an American friends asked me about the booming Chinese eocnomy and how to benifit from it. There are many Chinese ADRs in listed in the US market these days, but I don’t think they are suitable for most individual investors (they are for the bolder speculators only 🙂 Why ICBC ICBC, Industrial and… Continue reading ICBC: benifit from Chinese economy?
Reading Time: 2 minutes Here is a link to Q&A transcript of Berkshire Hathaway 08 shareholders meeting. I believe this is more comprehensive than CNBC’s live blog I posted earlier. Berkshire first quarter earning It went down more than 60% over same period a year ago (PDF). But the number does lie sometime, because this is mostly from paper… Continue reading Weekend thoughts w/e 050308
Reading Time: 2 minutes Currency effects While we are heading to $4 gas (partly thanks the weak dollar), not all are victims of this trend. Think Google or IBM. Google (GOOG) and IBM reported blow out earning, while cell phone maker Nokia (NOK) reported so-so earning (or outlook) last week. One key difference is the reported currency, Google and… Continue reading Weekend thoughts w/e Apr 19 2008
Reading Time: 2 minutes Shanghai composite index closed new 52 week low today, at 3094.67 (down 12% compared to a year ago). (full size pic here, powered by Google Finance) But I don’t think too much of it, other than the valuation of China A share market is more attractive now. The composite index itself is screwed up because… Continue reading Shanghai Composite 52 week low
Reading Time: < 1 minute ICBC, Industrial and Commercial Bank of China, the largest bank in China (and arguably in the world), announced its year 2007 results recently. Here is the webcast (good stuff). And quote the Reuters news: ICBC earned 81.52 billion yuan ($11.56 billion) in net profit in 2007, compared with 49.3 billion yuan in 2006, a 64.9%… Continue reading ICBC released year 2007 results
Reading Time: < 1 minute I was thinking about buying some ICBC or BoC shares in Shanghai, but the price difference of the Shanghai and Hongkong (or ADRs in NYSE) kept me from pulling the trigger. Since one Yuan is roughly worth one HKD, why would I pay premium for the A shares if I can get H Shares (or… Continue reading Same stock different prices
Reading Time: < 1 minute Yesterday, ICBC, Industrial and Commerce Bank of China (6001398.SS), went up 0.57 (just one cent shy of 10%), and closed at 6.37 Yuan. With that price, ICBC exceeded Citibank and became the world largest bank (market cap wise), and closes in Microsoft in terms of market cap (bloomberg). I remember last time ICBC closed in… Continue reading ICBC the biggest bank