Stocks Plunge 8% in China, Benchmarks Down 16% Since Wednesday [View article]
What's notable, even remarkable, is that the sell-off was only confined to the Chinese A & B-shares. Nothing like Feb. 27 happened. Is this resilient or complacent? Only time will tell.
Very informative. Actually pretty surprised about the level of transparency on this call, regarding commission numbers, market share etc. Nobody asked, though, how big is the potential market for Ctrip to gain? In terms of market cap, Ctrip is almost 1/3 of Expedia now but I gather the US market is probably more than 3 times bigger than Chinese market but I could be wrong.
PR News reported that ShengdaTech has received Nasdaq approval for listing under proposed symbol SDTH. Great news for the company just one day after earnings report. Now Shengdatech will have better visibility to investors and access to capital for expansion. On the other hand, this China stock market wiki page SGAT.OB will no longer be valid. Congrats to the management and shareholders!
Chinese companies are still generating big profits and achieving high growth: A total of 381 Chinese listed companies posted an 85-percent rise in profits for the first three months of 2007
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Latest | Highest ratedStocks Plunge 8% in China, Benchmarks Down 16% Since Wednesday [View article]
Ctrip Q1 2007 Earnings Call Transcript [View article]
ShengdaTech Q1 2007 Earnings Call Transcript [View article]
Chinese ETFs On the Rebound [View article]