Chow Tai Fock Jewelery (1929)

[propertyinvestor]

Anybody looking at this stock? I notice its trading below the IPO Price. Although PE of 33 is higher than Tiffany and Co, their exposure to the booming Asian Market puts them in a good position to profit from the high demand for luxury goods here.

The owners of the business ( Cheng Family) know how to sell at the top end of the market price range and so its better public investors to wait until shortly next reporting period to enter the stock for a short fry.

Anybody with the surname Cheng knows how to buy low and sell high!