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roojoo

roojoo
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  • China Slowdown Will Trigger Black Swan Event [View article]
    And here I was thinking that the Chinese government has been intentionally trying to slow down their economy for the last couple of years.
    Apr 15 10:23 AM | Likes Like |Link to Comment
  • Multiple Red Flags At Kingold Jewelry [View article]
    Why, because the article was written just before a huge decline in stock price? I think it's safe to say this article triggered the decline, proving to me that the share price is in no way an indication of intrinsic value for this company.
    Apr 8 04:41 PM | 3 Likes Like |Link to Comment
  • American Lorain, An Undervalued Opportunity [View article]
    Dutch Trader, are you still planning on sharing your findings after having spoken with ALN's management? If you're not gonna write a new article about it, I am still very interested in knowing your general impression if possible.
    Mar 27 08:40 AM | Likes Like |Link to Comment
  • Russian shares plunge as U.S. ups the sanctions rhetoric [View news story]
    That's like saying "We're not imposing any real sanctions just yet, but don't you dare do this again!"
    Mar 21 06:31 AM | Likes Like |Link to Comment
  • Russia: Economic Vulnerabilities [View article]
    I wonder what makes a coup a democratic coup.
    Mar 11 03:08 PM | 5 Likes Like |Link to Comment
  • The Best Of NCAV [View article]
    Shaiber, where did you get this info?
    Feb 26 02:44 PM | Likes Like |Link to Comment
  • Strong Orders And Large Markets Keep Hollysys Moving Forward [View article]
    Nice analysis, thanks for the article! I see you are about the only contributor ever writing about Hollysys. I bought a small position right after China's 3rd plenum, assuming the company was well positioned if spending on China's rail network were to increase. That, and their exposure to DCS for nuclear plants seemed positive. I have to admit I never really bothered getting into the details of their financials.
    Feb 19 04:24 PM | Likes Like |Link to Comment
  • American Lorain, An Undervalued Opportunity [View article]
    The Nasdaq site also shows that Morgan Stanley has sold their position and Société Générale has significantly decreased their position. Although I am not overly concerned about someone else's actions in the market, I do wonder why.
    Feb 17 03:58 PM | Likes Like |Link to Comment
  • Ethical Investing And Philip Morris [View article]
    Hypothetically, If other than PM I'm also invested in the health care sector through a company that specializes in chemo treatment, does that hedge my moral exposure?
    Feb 5 03:55 PM | Likes Like |Link to Comment
  • Investing In Mongolia? Yes, Mongolia. [View article]
    Heinz, Mongolia exposure of AZIA is higher, but as you already mentioned it is because of indirect exposure through Canadian listed stocks. Have a look at the holdings, as far as I know Turquoise Hill, Mongolian Mining Corp, Mongolian Energy corp and southgobi resources have operations in Mongolia. That sums up to just over 9%. I might have overlooked 1 or 2 stocks though.

    AZIA suffers from its own shortcomings, one being a real lack of liquidity in this fund. Furthermore, I have my doubts about the relevance of a fund invested in Georgian banks and Mongolian mines. I fail to see the connection.
    Feb 2 03:22 PM | 1 Like Like |Link to Comment
  • Investing In Mongolia? Yes, Mongolia. [View article]
    Funny you mention speculation. I didn't feel like I was investing during the 2010 flash crash, nor every time the market sells off during a panic which is accelerated by over leveraged hedge funds, nor when the markets go up because of excess liquidity, courtesy of your central bank.
    Feb 2 11:57 AM | Likes Like |Link to Comment
  • Investing In Mongolia? Yes, Mongolia. [View article]
    I see we've got some students here of political science. Just for the sake of avoiding arguments, let's call Mongolia a country governed by commies. I wouldn't know in what way it even remotely resembles a communist country, but sure, let's have it your way.

    Now please explain, how does that have anything to do with the potential of Mongolia's real estate?
    Feb 2 11:52 AM | Likes Like |Link to Comment
  • Investing In Mongolia? Yes, Mongolia. [View article]
    I'm sure you've really done your research on this country before making that statement Bennie.

    And people wonder why Americans are thought of as ignorant around the world...
    Feb 2 10:48 AM | 2 Likes Like |Link to Comment
  • Lai Sun Garment: More Than 80% Discount From NAV Points To Multi-Bagger Potential [View article]
    They're very smart cookies as you say. And more importantly, they try to be the iconic leaders of a new, more modern, more open China. It makes them the last people I would suspect of cooking their books or not working in their shareholders' interest. As for their Christian values, I believe they both converted to something called the Baha'i faith, not sure what they preach on 'thou shalt not cheat thy shareholder'.

    Soho is also changing their business model from build-and-sell to build-own-and-let. Not sure how this changes their prospects. I guess their business will be more capital intensive and they will be more exposed to real estate prices.

    Are you holding any HK property developers?
    Feb 1 07:59 AM | Likes Like |Link to Comment
  • Lai Sun Garment: More Than 80% Discount From NAV Points To Multi-Bagger Potential [View article]
    I like the discussion, very constructive.

    Mohit might be right about this being an inflection point, but it seems difficult to time this. Naturally if the Lam family wants to pimp the stock price so they can cash out to fund their retirement this is a good time to buy. I will keep monitoring the inside purchases.

    Other than Lai Sun, there seem to be many property developers to be trading at huge discounts to NAV, albeit not as cheap as Lai Sun. In general, I don't understand why someone in HK or mainland China would buy a 2nd or 3rd apartment as investment, all cash, if you can get buy for 40/50 cents on the dollar through HK listed entities.

    I have looked a bit at Soho China (HKG:0410) not too long ago. Quite a random pick, because there really are many cheap options. I like that they focus on mainly office buildings in Beijing and Shanghai, with a little bit of retail. They seem a little less vulnerable in a downturn in real estate prices. Pay a 5% div yield, have management that is quite transparent, although you can have your doubts with a CEO that is married to the chairman of the board. Maybe I rather pay a little extra for a management team I trust.

    The other things is, I believe the consensus is that the HK property prices will decline in 2014. Especially in the luxury residential sector. HK has been trying to cool down their property sector for a long time. Maybe we will get even better buying opportunities in the near future?
    Jan 30 09:30 AM | Likes Like |Link to Comment
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