Reading Time: 3 minutes I was looking for a secular growth stock in China. By secular growth I mean the business grows continously without the normal business cycle. One benifit of secular growth is it usually does not go up or down a lot as economy cycle does. A side benifit of this is we (investors) can sleep better
Reading Time: < 1 minute It is said the largest typhoon in a decade, will hit Zhejiang province and Shanghai on tomorrow evening. Heavy rain already came today.
Reading Time: < 1 minute Week in review 09/09 to 09/15 1) One dollar is 7.50 Yuan. This is the rate I got from China Construction Bank ATM today, using my BoA debit card. 2) The China People’s Bank raised interest rate (by 0.27%) again in the weekend. 3) Moon cake coupon: there are many “moon cake coupon” flippers these
Reading Time: 2 minutes Chinese stocks are becoming more and more expensive. From different statistics, average PE of the market is in 40s. This is not cheap compared to around PE 18 of US S&P 500. There are many reasons for that, and I’m not jumping into it. But I want to share an interesting phenomena here: these days
Reading Time: 2 minutes I remember seeing a book written by John Bogle (the founder of Vanguard) where he suggested “individual investors should buy mutual fund not stock”. I agree with some of his arguments, such as diversification. And I believe that’s also the fact in the US: where pension fund and university endowment fund invested in stocks, mostly
Reading Time: 2 minutes The saga of applying the US visa. Warning: for entertainment purpose only. I am not providing any advice for visa application. Last Friday I went to the US consulate Shanghai for the worker visa, with my wife applying H-4. Ten years have passed since I first applied the student visa. A lot things have changed:
Reading Time: 2 minutes Last week one of the biggest news in consumer electronics arena is Apple decided to cut the iPhone price. Consider Apple just started shipping iPhone in late June, this move is a blow to its most loyal customers (early adopters). Apple quickly responded to the angry customers by offering $100 credit (source: Apple.com). From my
Reading Time: < 1 minute Here are the results from Yahoo Finance, some highlights: Second Quarter 2007 Highlights: — Total net revenues increased 99.3% over the second quarter of 2006 to US$30.2 million. (1H revenue $64 m, slight decline over Q1 2007?) — Net income increased 482.1% over the second quarter of 2006 to US$7.1 million. — Diluted earnings per
Reading Time: < 1 minute is very nice. Here is the picture taken from “view lounge”. We are looking at world famous Yang Long Bay. I have not been to many beaches in China; but from what I heard Yang Long Bay has the best beach in China. The service of Marriott is 5 star. This tripAdvisor review confirmed my
Reading Time: < 1 minute At least on Internet front, as I read this post from Wang Jianshuo. Similar thing can be said about the China stock market, the “open H-share to domestic investors” initiative took a pause this week. The new word is it will start in 2 months; and the minimum balance is 300 k Yuan (vs. previous
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