Reading Time: < 1 minute I was on shopping spree on stocks lately. Since I bought the Panera Bread (PNRA) last Friday, this Monday I bought some Telestone (TSTC), a Chinese wireless equipment maker; on Tuesday I bought some Ninetowns (NINE), a China based software company not new to me because I lost money on it in the past 🙁 These are two speculative plays. Telestone
Reading Time: < 1 minute on 8 am ET Jan 16. Here is link to web conference. And the dial in instruction can be seen here. I don’t have any EDU shares.
Reading Time: < 1 minute It’s official, the United Airlines won the battle. It will fly from Washington Dulles to Beijing, connecting two capitals. It appears to me American Airlines was the front runner but their pilot union doesn’t want to fly more than 15 hours from Dallas to Beijing, and that basically pulled AA out of race. I was
Reading Time: < 1 minute That’s from Andy Xie, former chief economist for Morgan Stanley (Asia), here is the link. The article is in Chinese. Basically he is saying the high PE ratio of Chinese domestic stocks can not be justified by the growth of economy. The profitability of company and the prosperity of economy are two separate things. Among the factors pushing up the stocks prices, he mentioned the
Reading Time: < 1 minute The party is finally here. The ticker symbol is 601628 (not available at Yahoo Finance yet), it was priced at 18.88 (lots of 8 here). And it could go to 30s (note I usually make wrong guess, so take it for what it worth…) The ticker symbol in Hongkong is 2628.HK (from Yahoo Finance). And LFC is
Reading Time: < 1 minute Keso (Hong Bo), an outspoken blogger in China, summerized his views about the Internet in China in his blog. While I don’t 100% agree with his view, I think some of his points are well said. I am thinking current stock market in China kind reflect this “make quick money” theme. By the way, Keso has some cool pictures
Reading Time: < 1 minute The following is an incomplete list of the Chinese blue chip (or red chips) companies traded both in NYSE and HKSE (Hongkong Stock Exchange). Some thinly traded stocks such as China Eastern Airlines (CEA) are not included. NYSE HK Full Name ACH 2600.HK Aluminum China CEO 0883.HK China National Offshore Oil Corp (CNOOC) CHA 0728.HK China Telecom
Reading Time: < 1 minute Home Inns’ (HMIN) stock traded above $40 for the first time today Jan 3, 2007. Since its debut on Oct 26, 2006, the stock almost doubled from its first day close price (about $22.50). From traditional valuation point of view, this is a bit insane. As a stock holder I am also nervous about such
Reading Time: < 1 minute I happened to see ACH, Aluminum China, from grusinvestments. And I went to Yahoo Finance to get more info. But some of the data there are not accurate. For instance, the PE 1.96, and yield 12.90% should really be 8, and 3.2% respectively. I think the problem was caused by the split of their stocks
Reading Time: 1 minute Here is what I saw from eBay: ***Asia Internet Connectivity Hit by Taiwan Earthquake – Trading Advice*** December 28, 2006 | 12:28PM PST/PT “On December 26, an earthquake off the coast of Taiwan damaged several undersea cables shared by international telecommunications companies. This has disrupted Internet connectivity in many countries in Asia, including Australia.
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