huangthomas

Asia's 10 Most Profitable Companies

Most are Chinese state owned major monopolies (oil, petrochemical, telecommunication, and banks). These are components of FXI. It is nice to know that all major Chinese banks are doing well and are bright spots in Chinese economy.

Just as a reminder, the HS in HSBC stand for Hongkong and Shanghai.

Chinese Lessons

There have been general complaint from average Chinese users that the roaming fee..........etc are too high. The Chinese government has to make the industries more competitive to benefit Chinese consumer. I don't think there is anything wrong with the policy changes. I hope there are more to come!

China's Telecom Reform: The Sound and the Fury

China refuses to pay for the patent of 3G and are developing their own 3Gx, therefore the technology is very slow in coming. China should be encouraged to abandon their ambition.

Chinese Lessons

All state owed enterprises are enjoying some degree of state-protected monopoly or oligopoly. Investers should be aware of policy- risk involved in investing in those enterprises.

Chinese Lessons

Come on, he is talking about China. Is ATT as Chinese company?

China Stocks: Still No Sign of a Bottom

Do you know what "DaFei(大非) or XiaoFei(小非) is and how that is going to affect A-share market price? Do more home work!

Anatomy of a Chinese Bubble: A Checklist For Spotting Bubble Tops

A cogent question to ask is how collapse (just assuming it may happen) of A-share market is going to affect: 1 H- and ADR markets, where the great majority of American investment are. 2. The world market. The Shanghai Stock Market Composite Index dropped 8.8% on Feb 28 was followed by a world wide correction, including H- and ADR-market. It was based on fear, but not on careful consideration. Chinese, with $2.5 trillion in bank saving, are not allowed to invest outside of China. Recent approval of $10 billion for QDII to invest in New York & London stock markets has not been wholly implemented yet. Collapse in A-share market has little effect on capital invest in the markets outside of China, because there are none. When Shanghai stock market index dropped 6.5% on May 30 following tripling of stock transaction tax from 0.1% to 0.3%. 6.5% correction in Shanghai was treated as a non-event by the rest of the world. H-share and AD-Rs market only felt a minor Jolt. After Chinese workers lose all their saving, they may be more willing to go back to work for a lower wage and cheap Chinese good will keep coming to the American shore.

Anatomy of a Chinese Bubble: A Checklist For Spotting Bubble Tops

There are 4 stock markets in China. Extrapolate A-share market to B-, H-, ADR......make that much sense? Each valuation of the same stock share in 4 markets are different. B-share market valuation is only one-tenth of the A-share market. If A-shares carry a P/E ratio of 50, B-shares are only 5. Is PE of 5 too expensive in markets which the share earnings increase, on average, 40% from 2005 to 2006 and the Q1 earnings increase 100% (yoy). (A word of caution: don't buy B-shares because of liquidity problems). H-shares and ADR are priced modestly at 15-20. And again, are they too expensive? Despite crying of wolf, fire, bubbles........... Chinese Index ETF of China H-share (FXI) and ADR (PGJ) keep rising, why? I think American investors have their own mind, unaffected by chicklittle, such as GS....... Only A-share CEF (Morgan Stanley's CAF) suffer a --20% (from+20%) discount from +20% premium, with a total drops of -40%.