It seems we are going to stay in the bear market for quite a while. There is really no reason to buy hastily, given that more bad news might be in the pipeline. Having said that, I would think at the current valuation, all are cheap. So, would use the index as a guide for the buying. Once index drop around 2700-2800 range, might buy some to keep. After that, pray for the next 3 years. Because the business environment change so fast. Today's hot sector might lose money in the next 6 months.
Counters in my watch list remained pretty the same.
Hongguo
China Hongxing
MIDAS
Sino Env
Guangzhao IFB
Swiber
FJ Benjamin
Synear temporary drop out of the list until the business is showing improvement. Sino techfibre is removed on oil price concern and weak apetitite towards fibre stock.
Tempted to add Ezra into the list, as it has fallen to quite attractive price. But, I have to spend sometime to think about it. China New Town has been beaten down so badly, which is attractive on the future outlook.
Wednesday, 26 March 2008
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2 comments:
my watch list is
chinaFlexp
not conviced. Looking at the track record, you would know why.
Packaging stock has long been not performing well. Just look at the fellow full apex, CHT, Fung Choi etc etc. They don't have much bargaining power.
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