Posts: 1,508
Threads: 29
Joined: Jan 2013
Reputation:
33
China Tech Selloff Deepens as U.S. Delisting Fears Alarm Traders
https://www.bloomberg.com/news/articles/...rm-traders
Quote:* Hang Seng Tech Index falls as much as 7.1%, dragged by JD.com
* Delisting worries not new but add to weak sentiment: analysts
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Posts: 2,295
Threads: 27
Joined: Jul 2012
Reputation:
41
11-03-2022, 10:37 AM
(This post was last modified: 12-03-2022, 05:22 PM by CY09.)
Curious about this USA- China relations. Does China do the same thing to Singapore? Or are Singapore regulators allowed access to China accounts of stocks listed here? We have 4 SOEs listed on the SGX so I am not sure if China is giving differentiated treatment out of being "xiaoqi"
Found the answer: China is only doing it to US regulators
Posts: 3,894
Threads: 84
Joined: Aug 2011
Reputation:
78
14-03-2022, 09:31 PM
(This post was last modified: 14-03-2022, 09:31 PM by weijian.)
I am not so sure if western capitalist markets are a good reflection for the Chinese market.
Wall Street's China stock rout nearing dot-com crash levels
Only a year ago, Chinese stocks in the US were enjoying an unprecedented boom.
Now they are mired in a 72 per cent plunge that is on the cusp of matching losses during the 2008 financial crisis - and within spitting distance of the Nasdaq Composite Index's 78 per cent peak-to-trough slump during the early 2000s dot-com bust.
https://www.businesstimes.com.sg/stocks/...ash-levels
Posts: 2,631
Threads: 234
Joined: Sep 2010
Reputation:
28
A good watch. Watch 13:40.
22.03.15【豐富│東南西北龍鳳配】Pt.2 香港股價還回得去嗎？
https://m.youtube.com/watch?v=d_iTIpQlM0c
Posts: 3,894
Threads: 84
Joined: Aug 2011
Reputation:
78
21-03-2022, 11:18 AM
(This post was last modified: 21-03-2022, 11:19 AM by weijian.)
The whole rout started with the CCP's signaling. Any indications of an end has to come from the CCP's signaling as well. The market rightly see it as so and rebounded 22% in a day.
Is this the beginning of the end of China's techlash?
On Mar 16, Xinhua, a state news agency, published a report from a meeting of the central government chaired by Liu He, China's top economic adviser. The agency declared that the "rectification" of large Chinese technology companies would soon come to a close. New regulations should be transparent, Liu was supposed to have urged, and policymakers must be cautious when implementing rules that might hurt the market, according to Xinhua.
Moreover, state media reassured readers, the Chinese leadership would stabilise stock markets. It may even support foreign listings of Chinese companies, which it has discouraged or, as in Didi's case, opposed.
https://www.businesstimes.com.sg/weekend...s-techlash
Posts: 3,894
Threads: 84
Joined: Aug 2011
Reputation:
78
04-04-2022, 12:13 PM
(This post was last modified: 04-04-2022, 12:13 PM by weijian.)
This probably signals that we are nearby the end of the regulatory crackdown.
China removes key hurdle to allow US full access to audits
VIEs, a vehicle pioneered by Sina Corp during a 2000 IPO and used by numerous technology giants to list in the US, have been a perennial worry for global investors since they operated in a legal grey zone. Chinese regulators only started acknowledging their existence in a series of new rules over the past year.
"The CSRC will firmly support companies to choose their listing destinations based on their own will," the regulator said on Saturday.
https://www.businesstimes.com.sg/compani...-to-audits
Posts: 3,894
Threads: 84
Joined: Aug 2011
Reputation:
78
04-06-2022, 08:33 AM
(This post was last modified: 04-06-2022, 08:33 AM by weijian.)
Hang Seng TECH Index - Change in Index Constituents
Inclusion: NIO INC. - SW
Removal: ASM Pacific Technology Ltd.
https://links.sgx.com/FileOpen/20210603%...eID=719774
Posts: 1,508
Threads: 29
Joined: Jan 2013
Reputation:
33
(27-07-2021, 03:25 PM)Wildreamz Wrote: I have heard about some investors buying a broad-based Tech ETF into this "dip".
Personally feel that recovery, when it happens, will be K-Shaped. I would personally avoid a broad-based ETF at this juncture, as some industries will be permanently decimated (e.g. EduTech).
2c, not financial advice.
As Xi secures his third term. Is it a good time to review what have we learnt?
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Posts: 1,508
Threads: 29
Joined: Jan 2013
Reputation:
33
(24-10-2022, 09:39 PM)Wildreamz Wrote: As Xi secures his third term. Is it a good time to review what have we learnt?
Let me start the ball rolling.
1. Perhaps, in addition to business fundamentals, politics also affects intrinsic value, and should be part of your calculus when valuing a company.
2. Even a broad-based ETF cannot diversify away a sector/country-wide political tail risk.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Posts: 2,295
Threads: 27
Joined: Jul 2012
Reputation:
41
25-10-2022, 11:15 PM
(This post was last modified: 25-10-2022, 11:15 PM by CY09.)
On top of Specuvestors' Asset, Business, Structure. We need to add in a fourth variable- 'government'. Politics, politics, politics.
Never invest in cheap fundamentals when politics play a part. A simple tweak in policies has resulted in a company's earnings to halve (look at Alibaba/Tencent) or even 90% (the online education sector); post policy change
On an international stage, never think of investing with China unless China is taking a majority stake. Singapore has been burnt twice- one the suzhou industrial park investment, temasek's investment in China companies just before the policy changes for online education and the clamp downs. Hope some Ministers or senior civil servants are reading this
|
Homepage
PR Newswire
