Reading Time: < 1 minute I was on the train from Shanghai to Lan’xi today. The train station was crowded, reminding me of my college days: at one time I was so afraid of stuck in the train during winter break, I told my mom I would stay in the campus. I saw lots of leisure travellers on the train, some are “stand
Reading Time: 2 minutes (Update Apr 30) I went to Carrefour to buy Maotai, it’s out. I noticed Maotai has some low end products now (Maotai Chun instead of Guizhou Maotai). The Shanghai No. 1 Food Store across the street does carry Mao Tai, but it charges for 525 Yuan (Carrefour price was 438). According to Carrefour associates, the Maotai was out for couple
Reading Time: < 1 minute Symbol Name Price (Apr 26) Earning (2006) 600000 浦发银行 28.28 0.77 600015 华夏银行 13.29 0.35 600016 MingShen 13.27 0.38 600036 CMB 20.04 0.48
Reading Time: < 1 minute Like Baidu, if you look at 601998 (its ticker symbol) at Sina Finance. For english readers, read Bloomberg news here. BTW, 1998 is a good number in Chinese. Citic Bank (中信银行) IPO was priced at 5.80 Yuan, and people expected it to open between 7 and 8, based on PE and PB (price book) ratio of other Chinese banks. But it went up as high as 12 this
Reading Time: < 1 minute I read a paper lately and found people in big cities like Shanghai spend a fortune in wedding (about same amount as people in developed countries). Here are some examples: limos and wedding dresses. I took these pictures last month.
Reading Time: < 1 minute (Update Apr 26 morning) Shortly after this report, Wan Jia Wan Hao (Xin Yu Star) stock (600576) gained 5%, the maximum percentage it can go as this is a “ST” stock. What can I say about this crazy market? Dong Fang Securities, a Chinese brokerage firm, did a report about the new trend of Chinese consumers.
Reading Time: < 1 minute I’m not picking on the China Construction Bank, this is a problem existing in all the banks. I can think of two reasons: 1) People are “managing their money” nowadays, e.g., people are withdrawing money from bank and put into the stock market; people are doing the certificate of deposit…
Reading Time: < 1 minute I bought some Home Inns (HMIN) again yesterday. Not surprisingly the stock dropped after I bought it, as things usually happen that way. But my time frame is from couple months to couple years, so I am not worried. The recent weakness of the stock is expected due to the new offerings and lock up expiration.
Reading Time: < 1 minute It’s show time. All the major car makers including domestic players such as Chery and Geely (remind me of Heelys), are putting up a big show in Shanghai new international expo center (is that the venue for 2010 World Expo, just be curious) this week.
Reading Time: < 1 minute Occasionally I received spam text messages from unknown people. People want to sell cars, apartments, etc. But yesterday I got a message from Home Inns (Rujia), it promotes the post “Golden week”(May 1 to 7) sales: it will give one night free during May 6 to 10 if I stay in their hotels for 3 nights. I can not
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