Thursday, 24 May 2007

Market is irrational

Despite all the analyst and tycoon keep saying that China market is in bubble stage now, the China stock index keep going up. As long as people think that it still has legs to run, the current euphoria would continue. So does the China stock on SGX, which has been keep rising. I sincerely hope that the correction would come to keep the market healthy.
Waiting for the GSS now. Great Stock Sale. Before that, we need to write down the buy list. Here is my take.

  • China Hongxing - China consumer play towards Beijing 2008
  • MIDAS - China railway play as they expanding the rail network
  • Sino Env - China environment play. Strong trend + good technology
  • China Enersave - China waste to energy play
  • Ascott Group - Global serviced residence play
  • Guoco Land - Singapore and Asia property play
  • Tiong Woon - Crane play which is steady and expanding
  • FJ Benjamin - Singapore tourism play towards two integrated resort
Let's wait for the correction to go in. Maybe I would set up a model portfolio here to see how this portfolio would perform in 3 years time.

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