
With the recent SGX announcment..S chip will be back i hope....alot of ppl lose much here..i believe exploding soon..time for harvest.
i only got CAE..bought on rumuor..recently..
Yes, I agree with u, the wide disparity in the PER, S-chips will play catch-up while SSE may consolidate or undergo some mild corrrections.
DnApeh ( Date: 24-Aug-2009 22:09) Posted:
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but then S-chips PER all very the low leh.
knightbridge ( Date: 24-Aug-2009 22:06) Posted:
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Got to be very cautious at this pt.. Shanghai market trading at 30++ PER and Shenzhen trading at 60++ PER..
People are setting unrealistic high expectation on china growth... just hope disappointment from own expectation dun hit the market.
Peg_li ( Date: 24-Aug-2009 18:18) Posted:
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Congratulations to all who still hold S-chips!
it looks like that S-chips will move up futher!
it's time to buy!don't miss the chance!
S-chips still have huge potential room to be up!
Actually depend on which S chip u bought. To be frank, commodities stock should not surge to high price at all. A moderate up in price is more of representative already.
It not time fr them to shine yet (just my opinion)
after surging for quite some time until some of the counters are traded at PE of 36.6X really drive investors crazy......with such a high PE, will there still be investors to buy ?? seemed the correction started ady........
aleoleo ( Date: 29-Jul-2009 17:45) Posted:
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China Stocks Drop Most in Seven Weeks; Jiangxi Copper Falls 2009-07-29 05:36:11.730 GMT
By Bloomberg News
July 29 (Bloomberg) -- China’s stocks fell the most in seven weeks, led by commodities companies, as speculation recent
gains have outpaced earnings prospects overshadowed China State Construction Engineering Corp.’s surge in debut trading.
Jiangxi Copper Co., the nation’s biggest producer of the metal, dropped 6.3 percent after saying first-half profit fell
and China Cosco Holdings Co. the world’s largest operator of dry-bulk ships, slid 6.4 percent as it forecast a loss. State
Construction jumped 63 percent from its offer price in the world’s largest initial public offering in 16 months.
The Shanghai Composite Index lost 57.99, or 1.7 percent, to 3,380.38 as of 1:33 p.m., set for its biggest decline in seven
weeks and snapping a five-day, 7 percent winning streak. The gauge has almost doubled from last year’s low as government
stimulus spending, record bank lending and an economic rebound spurred demand for equities. The CSI 300 Index, measuring
exchanges in Shanghai and Shenzhen, slid 1.9 percent to 3,684.78.
“Metals shares have moved ahead of fundamentals and the whole market is facing increasing risks as valuations are
getting more expensive,” said Yan Ji, who helps oversee about $850 million of investments at HSBC Jintrust Fund Management Co.
in Shanghai. Stocks on the Shanghai index trade at 36.6 times earnings, the highest since January 2008 and more than twice the 17 times
fetched by the MSCI Emerging Markets Index. Jiangxi Copper sank 6.3 percent to 43.87 yuan, paring this
year’s advance to 340 percent. The company said first-half profit may fall from a year earlier on declining product prices
amid the global recession.
International Trade
China Cosco retreated 6.4 percent to 17.92 yuan, the most since February 27. The company said it expects to post a net
loss for the first half because international trade was severely affected. Lower commodity prices also spurred declines by materials
producers. Aluminum Corp. of China Ltd., the nation’s biggest maker of the lightweight metal, lost 6 percent to 17.75 yuan,
set for its largest decline in five months. Zijin Mining Group Co., the country’s biggest gold producer, slid 5.8 percent to
11.17 yuan.
A gauge of six metals in London slipped 1.2 percent yesterday, the first decline in 12 days. Copper fell the most in
two weeks. Sichuan Expressway Co., the first company to list shares on the Shanghai stock market after a nine-month suspension on IPO
share sales, plunged by the 10 percent daily cap for a second day to 8.83 yuan. The stock more than tripled on the first day
of trading on July 27.
China Ntown is now struggle to move up to the neckline of its inverted H&S pattern at 16.5 cents .
woowoo ( Date: 28-Jul-2009 17:04) Posted:
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Hi, anyone cares to commend on ChinaNtown
China XLX
China milk
Chinaenergy
Chinaessenc
Chinasports
Chinaoilfield
Synear
all inside top 30 volume!
and all penny....
Today is show time for S-chips!