Reading Time: 3 minutes Coule day a ago I came across this BoA (NYSE:BAC) bought CCB (China Construction Bank, Hongkong 0939) shares at dirt cheap price story from my Chinese friend StrengthTrader (English news here). After that I read this one original written by 21cbh, titled The Mystery of 70% Off of CCB Shares, here is a faster link

stlplace
May 30, 2008

Reading Time: 3 minutes We all know the terrible earthquake happened in China, and the Chinese goverment and people are doing the best helping the survivors. There are many many heart touching stories since May 12 when the quake hit. NPR Melissa Block and Robert Siegal (read their Chengdu diary) did a good job from a foreign journalist perspective.

stlplace
May 29, 2008

Reading Time: < 1 minute I am not a big fan of Jim Cramer, and I watch his Mad Money show (CNBC) mostly for entertainment. But he recently comes out this new tech series, which is a kind interesting. What is new tech? According to Cramer’s definition, old tech means the traditional sillicon valley stocks: Apple, Cisco, Google are good

stlplace
May 28, 2008

Reading Time: 3 minutes (Update May 26 11:35PM) Just found the Google finance has the wrong EPS and PE ((EPS 2.62, PE 29.92) for CHL. Yahoo finance has the right number for CHL: ttm EPS $3.08, PE 25.44 as of Friday May 23. Market sentiment GS downgrade (Bloomberg): the ladies at Goldman Sachs cut the rating of 0941 (China

stlplace
May 26, 2008

Reading Time: 2 minutes I did a little reading on China pork industry lately. I found 3 pork producers listed in Shenzhen, Hongkong and the US. There are Henan Shuanghui (000895 Chinese, English), Nanjing Yurun (1068.HK), and Henan Zhongpin (Nasdaq: HOGS). I believe they are three major pork producers, and the sales of pork are also in this order

stlplace
May 24, 2008

Reading Time: 2 minutes The re-org of China telecom/wireless industry started officially, with the China Mobile Group acqusision of China Railway Telecom (Teitong), a small fixed line operator. The news drove down the stock price of China Mobile (0941.HK, NYSE:CHL) sharply lower today. Many pundits, speculators and short term investors are worrying the golden (monopoly) days of China Mobile

stlplace
May 23, 2008

Reading Time: < 1 minute Warren Buffett is visiting Europe these days, mainly looking for acqusition targets (family private owned business). Here is an interview at IMD (Switzerland). IMD is a premier business school in the Europe (thanks to investmentpostcards). There is a link to webcast at the end of the post. It covered a range of topics, and the

stlplace
May 22, 2008

Reading Time: < 1 minute We all know the terrible earthquake happened seven days ago (May 12, 14:28 PM) in Sichuan province. Today the while country is mourning the loss of the lives in China. I belive many people in the world share the same loss too. After all, we are living in the same earth (global village). I visited

stlplace
May 19, 2008

Reading Time: < 1 minute I saw quite a few Smart cars in St. Louis lately. Another sign the gas price is going through roof. While the car looks cute, I would not drive one personally, because it is so tiny compared to other cars on the road.

stlplace
May 17, 2008

Reading Time: 2 minutes Carl Icahn is again in the news. This time is about the Yahoo (Nasdaq:YHOO) shareholder proxy fight. Basically Carl bought a bunch Yahoo shares after the Microsoft deal fell through, and he is trying to remove the current Yahoo board, and make the sale to Microsoft. Intelligent observers may say did not Microsoft walked away

stlplace
May 16, 2008
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