Shanghai Composite 52 week low

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

A-share and H-share

Reading Time: < 1 minute I wrote about the bubble of PetroChina during its Shanghai IPO last Nov. I understand lots of people in China (San Hu 散户) are under water on this one. Obviously they bought into this “the most profitable company in Asia” slogan touted by some institutions that wanted to dump their shares during IPO. Here I… Continue reading A-share and H-share

Holy PetroChina

Reading Time: < 1 minute (Update Nov. 6) There are many reports saying that PetroChina is the largest company in the world, according to its market capital (> 1 trillion USD), after its IPO/secondary offering in Shanghai. This is a bit misleading, as similar claims regarding ICBC (1388.HK), and China Life (NYSE:LFC) being the largest bank and insurance company in… Continue reading Holy PetroChina

Buffett and PetroChina

Reading Time: 2 minutes These days “Buffett sold PetroChina stocks” are all over the news, especially in the Chinese news media. After all, Warren has the best track record among stock investors in our time. But, what should we, average investor, read from this news? Or (on the other hand) can we simple ignore this news? First let me… Continue reading Buffett and PetroChina