Čína akcie čínské akcie

[jonatanus]

tu je jedna odpoved (hong kong):
http://bespokeinvest.typepad.com/bespok ... rally.html

[ricmund]

China launches US$200 billion government investment fund

este moze ist dlho.. .......najvyssi cas nakupit

To myslíš ironicky, že muže jít dlouho? Vypadá to tak podle smailíků
Já si, ale opravdu myslim, že může jít ještě hodně nahoru. Má odkud a hlavně dlouho byla v nemilosti investorů. Já vim, že ty nárůsty jsou velký, ale celej svět mluví o Číně a je to přesně jak jsi tady psal někde o tvý mámě, že ti říkala o hypo krizi v US tak takhle se budou chovat "klasický" investoři. Kam to mámo dáme, co takhle Čína ta frčí. Hlavně každej tomu věří, že do Olympiády nemůže propadnout. O tom, že může si tady nemusíme povídat

[filip glasa]

Kto ešte vsadí na Čínu, tak s ohľadom na olympijské hry - dovtedy by sa vraj mala za každú cenu držať

No ale rozumný dôvod na nákup to nie je.

[radvan]

Neviem ... svrbia ma prsty ked na cinu pozeram ako rastla, ked vsak vidim PE na urovni cez 50, tak ma to prechadza ... tak mi to strasne silne pripomina 29 rok v amerike, kde boli vsetci tiez strasne nadseny z toho, ze sa da ist na burzu a v cine podla mna uz aj upratovacky kupuju akcie ...

[jonatanus]

To myslíš ironicky, že muže jít dlouho?

to som prave nemyslel ironicky, ozaj moze ist este velmi dlho.
jednak cisto "technicky" je to napr. proti saudskej arabii este nic moc (zatial 5nasobok, aj ked sa stym trocha ponahlaju), ale za druhe ono to neni az tak predrazene jak by sa mohlo zdat, kedze tam earnings rastu takto:

http://seekingalpha.com/article/35031-i ... overvalued

However, if one looks at the valuation using the 2007 1Q results, one would see an entirely different picture. Out of the 1364 companies reported so far, the average earnings per share went UP 78.1%. I have also seen reports using aggregate earnings, those earnings have gone up over 45%.

Kto ešte vsadí na Čínu, tak s ohľadom na olympijské hry - dovtedy by sa vraj mala za každú cenu držať

to prave tvrdi kazdy a obavam sa ze ti co zacnu predavat ako prvy to zosypu, este pred. urcite nebudu vsetci cakat na datum xy a potom vsetci sell.. a kazdi si povie, ze racej predam "den skor".. a mudrejsi dva dni skor..

so stopkou inac dotoho vlezt by nemusela byt samovrazda, len otazka do coho
etfka a cefka: CAF (shanghai) FXI: (hong kong)

tam vlezt neni problem aj zo stopkou ale nemozno cakat 10% denne
zas nakupit krpate akcie - tam moze byt vacsie riziko..
treba asi pockat na naku aspon miernu korekciu a trocha ten nakup nacasovat.
tiez je moznost kupit opcie na FXI.

aj ked najhorsie co moze byt, je pozerat sa jak to rastie, smiat sa jaka je to bublina a potom ked to clovek uz nevdrzi kupi top
odporucam skorej dotoho neliezt.

[radvan]

aj ked najhorsie co moze byt, je pozerat sa jak to rastie, smiat sa jaka je to bublina a potom ked to clovek uz nevdrzi kupi top
odporucam skorej dotoho neliezt.

sak to, ze ked na to clovek pozera, tak svrbia prsty, ked uz do toho ist, tak s dobrou exit strategiou a dodrzat ...

[jonatanus]

sak to, ze ked na to clovek pozera, tak svrbia prsty, ked uz do toho ist, tak s dobrou exit strategiou a dodrzat ...

neviem ci to tak vychadza aj statisticky, ale bottom je vacsinou ked predaju aj ti najvacsi optimisti - toto sa napriklad presne stalo cramerovi, myslim ze na den presne.. furt bol bullish a ked to uz nevydrzal a napisal bearish clanok, presne v ten den bolo dno..
top bude podobne, ked nato naskacu aj "value investory a cela ich rodina".
je to cista psychologia...

[jonatanus]

FXI aj CAF dneska minus, ale plno cinskych krpatych akci +
EFUT +44%
TBV +32%
CHNR +25%
TSTC +18%
RCH +16%
GRRF +15%
HIHO +13%
CSUN +11%
CAAS +11%
...


nenormalne

[Ladis]

Jak jsem povídal , opakuju , na burze Hongkong jsou mnohé akcie jeste levné s P/E a ty mají jeste šanci rusti , protoze teprve od 20.8.2007 maji Číńani dovoleno kupovati akcie na burze Hong Kong , tedy za několik měcíců se mohou předražit i ty akcie z Honkongu.
O ty akcie z burzy Shanghai a Shenzen bych už se nestaral.
Kupodivu padá čínský YUAN a Hong Kong DOLLAR proti EURO stejně jako US dollar , tedy radeji koupim akcie z Nemecka a Británie : Adidas , Solon , Barclays , Royal bank of Scotland. Jen aby akcie Solon trochu spadla , dnes je moc drahá.

[jonatanus]

Jak jsem povídal , opakuju , na burze Hongkong jsou mnohé akcie jeste levné s P/E a ty mají jeste šanci rusti , protoze teprve od 20.8.2007 maji Číńani dovoleno kupovati akcie na burze Hong Kong , tedy za několik měcíců se mohou předražit i ty akcie z Honkongu.
O ty akcie z burzy Shanghai a Shenzen bych už se nestaral.

ten shaghai vypada lepsie na short.. a ci hong kong dotahnu cinsky retail investori na p/e ~40, to by som si tak isty nebol, lebo tam bude plno velkych (zahranicnych) investorov shortovat predpokladam..

[jonatanus]

EFUT +44%
TBV +32%
CHNR +25%
TSTC +18%
RCH +16%
GRRF +15%
HIHO +13%
CSUN +11%
CAAS +11%

dnes:
CHNR +13%
CHINA +9%
RCH +18%
ATS +61%
KUN +39%
GSI +56%

[Ladis]

Ke zbohatnutí nepotřebujeme NIKDY v životě riskovat ani jednu exotickou akcii s neznámým fundamentem ani fondy na ně, když máme kdykoliv dostatek vynosných akcií v okolí 700 km od domova se známým fundamentem za koruny a za euro bez měnového rizika.
Za posledních 5 let od 2002 do 2007 rostly akcie ČEZ +1.526% , Volkswagen +421% , Solon AG Berlin +9.725% , Solarworld AG Bonn +14.631% a další desítky procent do roku 2010 budou následovat.
A najdou se mnohé další 10-bager v Čechách a v Německu , v indexu PX , DAX , TecDAX.

[jonatanus]

cinske IPO STV: +100%

a klasika:
ATS +18%
KUN +17%
GSI +10%
CYTV (cinske youtube) +60%

bublina... kde?

[filip glasa]

exotickou akcii s neznámým fundamentem

= Ladisovy sa moc nechce si ho spočítať - to je ten neznámy fundament.

Menové riziko tam síce je, ale určite je výhodnejšie pre korunových investorov investovať do yuanu než do eura.

To nie je doporučenie. Sám si mylsím že nie je vhodné ísť do čínskych akcií, ale argumnty sú niekde inde. Mimo to aj česká burza je pekne prestrelená, takže alternatívou asi nebude.

[jonatanus]

[filip glasa]

zaujímavý článok nie len o Číne. HDP, rast ekonomiky a akcie:
http://www.investujeme.cz/?object=topte ... sekce=0020

[jonatanus]

Hong Kong's Stock Train
A Rules Change in China
Sends Money Pouring In;
Index Is Up 43% for the Year
By JONATHAN CHENG
October 11, 2007; Page C1

HONG KONG -- China has a new export: raucous stock markets.

A plan to allow individuals in mainland China to invest directly in Hong Kong-listed shares, dubbed the "through-train" by the Chinese news media, has set Hong Kong's stock market off on a wild ride. And the plan hasn't even been implemented yet.

Hong Kong's blue chip Hang Seng index is up 40% since the Aug. 20 announcement of the new policy, which could some day unleash hundreds of billions of dollars of Chinese savings onto the coastal city. That accounts for nearly all of the index's year-to-date gain of 43%.

But it hasn't been a straight line. Last week, for instance, the index shed as much as 7.4% in two days, then rose 3.2% on Friday. Shares fell 2.5% in just a few hours in this past Monday's session, then closed up 1.2% yesterday.

The developments underscore the growing bond between the mainland and Hong Kong markets. When control of Hong Kong was handed over to China in 1997, some investors thought the former British colony would become a stabilizing influence on China. Some days it looks like things are playing out the other way around.

Much uncertainty still revolves around the Chinese government's plan. It is not even known, for instance, when it will be implemented. But that hasn't stopped investors, large and small, from trying to get in on the action.

"I don't know anything about the market here. I just learn by watching these people," says Suzie Zhang, who traveled a short distance from Shenzhen in mainland China to Hong Kong last week to open a securities account at a Bank of China branch in Hong Kong. The plan would allow other mainland Chinese to invest here without making such a cumbersome journey, potentially opening the floodgates to investment, and she wanted to be in first.

Ms. Zhang, 40 years old, was standing in front of the stock-ticker machines, watching other people enter stock codes and quickly copying down those shares on the back of an envelope. While she says she doesn't know much about stock investing, she does know that many shares in Hong Kong are cheaper than shares in China's overheated market and she's eager to snap up local listings before the new policy is implemented.
[All Aboard?]

Stock markets around Asia have soared, pushed higher by a surge of foreign investment and strong growth prospects despite softness in developed economies like the U.S. South Korea's Kospi Index, for instance, is up 42% so far this year. Singapore's Straits Times Index is up nearly 28%, and India's Bombay Sensex Index is up 35%. China's own shares are leading the way. The Shanghai stock exchange's benchmark Composite index is up 116%.

China's investment muscle is manifesting itself in other ways on the global stage these days. Bond investors have long pointed to China as a source of downward pressure on U.S. Treasury yields, because the central bank has acquired so many U.S. bonds and notes. Now the government is looking to diversify its holdings -- exemplified by its big investment in Blackstone Group, the U.S. takeover giant.

Unlocking the $2.2 trillion in savings from individual Chinese could have an even bigger impact. That is especially the case in Hong Kong, where local stock investors are finding themselves getting richer fast, and where companies could find their shares worth more, allowing them to go out and buy other assets.

Other factors have played a part in recent volatility, from September's U.S. interest-rate cut, to easing concerns about the global credit crunch, to a tax-cut announcement yesterday in Hong Kong. But analysts and fund managers estimate that about two-thirds of the Hong Kong exchange's explosive growth recently can be attributed directly to anticipation of China's new investment policy.

Since China opened its two stock exchanges in Shanghai and Shenzhen in 1990, Beijing has barred Chinese citizens from investing outside the mainland, including Hong Kong, except through certain licensed institutions given leeway to invest in overseas equities only this year. The curbs have driven prices on Chinese real estate and mainland-listed stocks to breathtaking, and possibly unsustainable, heights as China's savings seek investment returns.

The through-train policy could let pent-up Chinese capital find an outlet, helping Beijing avert, or deflate, a domestic equity and property bubble.

Mark Mobius, who oversees $30 billion for Templeton Asset Management, warns that for "more short-term-oriented" domestic Chinese retail investors who tend to ignore stock valuations, "Hong Kong presents them with another gambling house with different market participants."

One set of short-term beneficiaries is especially stark: the small number of Chinese companies listed in both Hong Kong and the mainland.

Mainland-listed A-shares, denominated in yuan and chiefly for mainland investors, trade at a high premium, about 40% on average, to Hong Kong-listed H-shares of the very same companies. The Hang Seng China Enterprise Index, which includes 43 of the Hong Kong exchange's 100 H-shares, jumped 8.7% the day of the announcement and has surged nearly 60% since.

Shares in Industrial & Commercial Bank of China -- one of the mainland's biggest banks, listed both in Hong Kong and Shanghai -- spiked 9.6% here on Aug. 20 and have risen about 40% since. ICBC's Shanghai-listed A-shares have inched up 2.3% over the same period, narrowing the valuation premium for that stock to 16% from 51% before the announcement.

"The H-share market may become more sensitive to policy moves," says Ken Lu, managing director of APAC Capital Advisors in Hong Kong, referring to China's unpredictable edicts. "I've heard a phrase that I think is pretty accurate: 'A-share-ization.' That's what's happening."

"They're like two teams of players playing together, except that they haven't played together before," he says. "They have different styles, probably even different rules."

Asian Indexes Roll to Records

Asian stock-markets continued on their tear yesterday as six more records fell.

European markets were little changed, but mining stocks jumped on a bullish analyst report about copper.

Benchmark indexes in Hong Kong; Sydney, Australia; Seoul, South Korea; Shanghai, Jakarta, Indonesia; and Mumbai, India; again set highs, aided by Wall Street's climb to a record Tuesday.

In Hong Kong, the Hang Seng ended at 28569.33, bringing its gain for the month to 5.3%. Once again, the gains were led by China-related issues. The Hang Seng China Enterprises index soared 2.5% to 18285.92. Aluminum Corp. of China rose 3.5%, PetroChina gained 2.1% and Cnooc climbed 4.1%.

"The Hong Kong market doesn't look at Hong Kong news anymore," said Francis Lun, general manager at Fulbright Securities. "It looks more closely at news from mainland China."

China's Shanghai Composite added 1% to 5771.46, its 71st record close this year and fifth straight higher close, on buying by retail investors looking for returns better than those from bank deposits. It has risen 8.1% in the last five sessions.

In TOKYO, the Nikkei Stock Average of 225 companies rose 0.1% to 17177.89. But it is down 0.3% for the year, making it the only Asian benchmark in the red in the period. Nintendo rose 4.1% as it announced a sales date for its new Wii Fit game.

In LONDON, the FTSE 100 Index closed 0.3% higher at 6633, bringing its gain for the year to 6.6%. Miner Xstrata jumped 4.4%, Kazakhmys climbed 4.2% and Antofagasta rose 4.1%.

While gold and copper prices were higher, some credited a bullish outlook for copper from Credit Suisse.

"A breakout in copper above $4.00 per pound should send a clear message that the equity markets are significantly undervaluing our copper producers which seem to be implying a long term copper price of only $1.50 to $1.60 per pound," the firm said in a research note.

The most-active December copper contract on the New York Mercantile Exchange gained 7.65 cents to settle at $3.694 a pound.

In AMSTERDAM, the AEX index added 0.7% to 554.57. It has risen 12% this year. Philips Electronics gained 1.9% as it sold a 13% stake in South Korean flat-panel screen maker LG.Philips LCD for about €1.55 billion ($2.19 billion).

Write to Jonathan Cheng at jonathan.cheng@wsj.com

[jonatanus]

Some Values Remain in Bid-Up China
By NAUREEN S. MALIK

CHINA'S STOCKS HAVE BEEN GAINING at such a fiery pace this year that it feels like a bubble that is about to burst.

Although the broader market appears dangerously overvalued, there are still plenty of opportunities to play China's long-term growth at attractive prices by picking specific stocks.

Concern over Chinese securities is mainly concentrated on the domestic A-share market catering to the highly liquid Chinese nationals. But the H-shares (Chinese securities listed in Hong Kong) open to foreigners are trading at a relative discount, says Yan Wang, a managing editor at BCA Research.

Chinese nationals are restricted from investing beyond the mainland, leaving few options for large personal savings amid low interest rates and strong economic growth. This is fueling the A-share market. The Shanghai Composite, for example, closed at a record of 5715.89 Tuesday -- to post a 114% gain this year.

The H-shares, by contrast, have gained 70% year-to-date, but are "trading at a weighted average 50% discount to their equivalent A-shares," says Jing L. Ulrich, J.P. Morgan Securities managing director and chairman for China equities based in Hong Kong.

A-shares are trading 54 times earnings projected over the next four quarters. This lofty valuation doesn't look too overwhelming compared to the late 1980s multiples garnered by Japan's Nikkei Index (60 times) and Taiwan (more than 100 times), says Ulrich. And China's corporate earnings per share, which have risen 70% this year, are continuing to grow.

Ulrich expects Chinese valuations to moderate as earnings expand and the Chinese government starts to allow domestic fund managers and individuals access to overseas markets (through a pilot program).

And Hong Kong's exchange "would be the first stop for mainland China," says Shigeki Makino, lead portfolio manager of the Putnam Global Equity Fund. This will boost H-shares and narrow their P/E discount versus A-shares.

Makino, meanwhile, says he holds just two Chinese stocks -- China Petroleum & Chemical, or Sinopec, and China Netcom Group -- with further country exposure through foreign old-economy stocks in steel, refining, energy and shipping.

BCA Research's Wang says the H-shares "are getting into a mania phase but they haven't reached the top yet. We believe there is at least 30% to 40% upside."

The most attractive values, he says, are in energy, technology and real estate versus the overinflated areas of insurance and basic materials. Wang favors Hong Kong listings over Taiwan, where local politics and the economy are yielding underperforming value plays.

Avy Hirshman, chief investment officer of value shop Newgate Capital Management, based in Greenwich, Conn., recently reduced his exposure to China to Underweight from Overweight due to valuations, despite solid long-term fundamentals.

Among Hirshman's top picks are direct beneficiaries of robust oil prices: PetroChina and Cnooc, which could each gain another 25% over the next year.

The exchange-traded fund iShares FTSE/Xinhua China 25 Index (FXI) is the best short-term bet because of the risks associated with single stocks at a time when many anticipate a correction, he says.

By contrast, purchases of individual stocks are better suited for those with long-term horizons.

The market price of FXI shares compared to their net asset value has generally toggled within a narrow bandwidth. Currently, the FXI is trading at a premium at $191.91 compared to its $185.17 NAV.

Such premium-priced ETFs indicate "investors are very optimistic about a market," whereas a discount implies pessimism," says Mark Mobius, managing director at Templeton Asset Management.

Adam Hewison, president of INO.com, a technical analysis Website, says that Chinese indexes could gain 8% to 19% over the next four to six weeks, with the FXI likely surpassing its key 30,000-point threshold. He expects the next Chinese correction, which tends to occur every seven months, in early November

The FXI, composed of the top 25 H-shares, is most exposed to financials (41%), followed by telecommunications (18%), oil and gas (15.5%), basic materials (10.6%) and utilities (2.7%).

Credit Suisse China strategist Vincent Chan, who recommends overweighting consumer, oil and technology shares, says demand for metals are strong but are just too pricey at 20 times forward earnings when these cyclical stocks seldom exceed 10-15 times globally.

Insurance firms such as China Life Insurance, FXI's No. 2 holding, and Ping An have gotten too risky because they are reaping gains from investing in the markets with little evidence of topline growth, says Newgate's Hirshman. And he avoids mining stocks like Aluminum Corp. of China, due to pricey valuations.

China Mobile, FXI's top holding, continues to experience strong fundamental growth, gaining three to five million subscribers a month in a "very underpenetrated telecom market," says Hirshman. Amid a telecom restructuring effort in the country, he thinks China Mobile has strong relationships with local governments and that its GSM-based system will beat out over CDMA (an older wireless technology).

Virginie Maisonneuve, head of international equities at Schroder Investment Management, has recently trimmed positions in FXI, China Unicom and China Resources, but is looking to buy back shares of these favored names on a pullback

She says that companies catering to China's consumers needs, including education, basic goods and foreign-branded luxury goods offer strong values. Her favorite picks are: Dongfeng Motor, a joint venture between Dong Feng Motor Corp. and Nissan; China Resources; hotelier Shangri La; China Unicom; and China Construction Bank.

Renewable energy has been a hot topic and investment in China. But they are not all equally good, points out Signal Hill analyst Michael Carboy, as well as a recent Barron's article on solar energy. (See Barron's, "China's Solar Boom Loses Its Luster," Oct. 8, 2007.)

There are clean energy companies that will struggle with manufacturing overcapacity in 2008, says Carboy. The standout is Suntech Power Holdings, China's biggest solar player. In addition to producing solar modules, Suntech designs them to be integrated in large commercial facilities. As a large company, it has also locked in long-term contracts to acquire silicon at a fraction of the spot market price.

Meanwhile, perennial Barron's Roundtable contributor Marc Faber, managing director of Marc Faber Ltd., says he has mostly shifted out of equities on expectations that the maturing global economy will go through "synchronized softness" in the next three years. He prefers to play China through commodities -- gold, sugar and cotton.

Sugar has already corrected 50% and cotton never really went up. Gold is poised to "outperform the Dow Jones and the Chinese markets over a five-year period," he says.

[jonatanus]

China Requires Banks to Set Aside Bigger Reserves (Update2)

By Nipa Piboontanasawat

Oct. 13 (Bloomberg) -- China ordered banks to set aside more money as reserves for the eighth time this year to cool speculation in stocks and real estate and curb the fastest inflation in 10 years.

Lenders must park 13 percent of deposits as reserves from Oct. 25, up from 12.5 percent, the People's Bank of China said today on its Web site. The required ratio is the highest in almost a decade.

Seven increases in the reserve requirement and five interest-rate rises this year probably failed to stop the economy expanding faster than 11 percent for a third quarter, a government report may show next week. Surging exports have pumped money into the world's fastest-growing major economy, fanning inflation and fueling a boom in shares and real estate.

``They're clearly concerned primarily about inflation, because it did get out of hand over the summer,'' said Dariusz Kowalczyk, chief investment strategist at CFC Seymour Ltd. in Hong Kong. Inflation ``creates asset bubbles because when inflation is high then it doesn't seem meaningful for people to save money -- they would rather invest in real estate or the stock market.''

China's consumer prices surged 6.5 percent in August from a year earlier, the biggest jump since December 1996. The rate breached the government's annual 3 percent target for a fourth consecutive month, as food costs soared. Inflation was a factor in protests that led to the Tiananmen Square crackdown in 1989.

China's trade surplus jumped 56 percent in September, the customs bureau said yesterday, taking it to $185.65 billion for the first nine months of the year, more than the $177.5 billion for all of last year.

Money Supply

Money supply is surging because the government wants to hold down the yuan, forcing the central bank to sell the currency and pump cash into the banking system. Some of that money is finding its way into stocks, pushing the benchmark CSI 300 Index up 181 percent this year. Money supply rose 18.5 percent in September.

The economy, the world's fourth largest, probably grew 11.5 percent in the third quarter, the government may announce next week, according to the median estimate of 14 economists surveyed by Bloomberg News. The date for the release of the gross domestic product report hasn't been set.

Of 20,000 households surveyed in a central bank quarterly report released Sept. 20, a record 61.3 percent said they expect inflation to quicken in the fourth quarter.

Inflation Expectations

``Inflation is a priority for policy makers because in China, it is not just an economic problem, but also a political risk,'' said Chris Leung, senior economist at DBS Bank Ltd. in Hong Kong. ``The Chinese government wants a `harmonious society,' but how can you have one with prices going up?''

Inflation is raising the risk of social unrest as the ruling Communist Party prepares for its 17th National Congress, a five-yearly meeting starting Oct. 15 that will decide leadership changes.

China has taken other action to combat rising prices.

All government-regulated prices have been frozen until the end of the year, and the state has boosted the supply of grains, vegetables and pigs and cracked down on illegal collusive price increases. The central bank has sold bills to soak up cash from the financial system.

Household Savings

Stock and house prices have gained as households shifted money from low-yielding bank deposits. Household savings fell 41.8 billion yuan in August from the previous month. Housing prices jumped 20.8 percent in Shenzhen and 12.1 percent in Beijing in August.

China has resisted calls from the U.S. and Europe to let its currency strengthen at a faster pace, which would make imports less expensive and ease pressure on domestic prices as well as helping to curb the widening trade surplus.

The yuan has gained about 10 percent to 7.51 versus the dollar since the end of a fixed exchange rate in July 2005.

``Unless the Chinese allow the exchange rate to go up, I'm worried about the stability of the economic system,'' former Federal Reserve Chairman Alan Greenspan said in a speech in London on Oct. 2. ``The exchange rate will create more economic problems than they know.''

The government will be forced into further reserve ratio increases soon, according to Kowalczyk of CFC Seymour Ltd.

``The impact will be negligible,'' he said. ``When you look at how much in yuan terms is taken away from the money market, it's not enough to neutralize the impact of maintaining the exchange rate.''

To contact the reporter on this story: Nipa Piboontanasawat in Hong Kong at npiboontanas@bloomberg.net

Last Updated: October 13, 2007 04:56 EDT

[jonatanus]

http://bespokeinvest.typepad.com/bespok ... he-mo.html

[radvan]

az bude toto padat, tak to bude robit dobry ramus ...

[imi]

Ahojte,

Kde zistim PE celeho trhu, resp. indexu?
Napr. S&P500 a pod?

Dik.

[jonatanus]

Napr. S&P500 a pod?

na reuters napriklad:
http://stocks.us.reuters.com/stocks/rat ... -16-Ratios

presnejsie bude tu:
http://www2.standardandpoors.com/portal ... 0,0,0.html

S&P 500 Statistics As of: September 28, 2007 P/E Ratio 17.94

[imi]

Dik za ultra rychlu odpoved!!
Miron.

[jonatanus]

te cinske akcie by sa inac mozno dali riesit cez opcie..
nikdo nechce predavat pred olympiadou, tak kupit napr. fxi may08 otm call a ktomu napr. jan10 otm put.. co staci aby sa burza pohla poriadne hocijakym smerom, nieto este ze by sa naplnil ten scenar kompletne..

[jonatanus]

[ricmund]

co je to za graf pls?

[jonatanus]

co je to za graf pls?

cina - shanghai index

[ricmund]

ok, sorry, ale co to znamená jestli můžu prosit?
Myslím to prolomení té červené linky.

[jonatanus]

ok, sorry, ale co to znamená jestli můžu prosit?
Myslím to prolomení té červené linky.

to nemusi znamenat vobec nic, ale podla technickej analyzy je to konec trendu, teda by to malo ist dole.. ale v tomto pripade by som to bral s velmi vekou rezervou.

[ricmund]

hmm to jsem si myslel nemohl by jsi mě něčím potěšit z Číny
už na tu Čínu nemám nervy, ale nechce se mi to prodávat před koncem roku. Mohl by mi někdo napsat, že jsem nenažranej. Třeba mi to pomůže

Ještě jeden "blbej" článek http://www.finmag.cz/clanek/1012/

[jonatanus]

hmm to jsem si myslel nemohl by jsi mě něčím potěšit z Číny
už na tu Čínu nemám nervy, ale nechce se mi to prodávat před koncem roku.

co konkretne mas? asi skorej hang seng ne? ten je new high...
http://finance.yahoo.com/q/bc?s=%5EHSI& ... &c=%5ESSEC

[ricmund]

Nene Čínu mám jen přes fond, Parvest China. Cca 150% za dva roky. V akciích Číny se vůbec nevyznám. Ono v celý tý Číně se nevyznám.

[jonatanus]

Nene Čínu mám jen přes fond, Parvest China. Cca 150% za dva roky. V akciích Číny se vůbec nevyznám. Ono v celý tý Číně se nevyznám.

keby si to nemal kupene, kupil by si to dneska?

[Ferin007]

Já mám stejnej "problém", kupoval jsem větší část ještě před tím velkým růstem, menší část pak dokupoval při letním poklesu, nicméně rychlost zotavení v Číně mě překvapila. Prodávat se mi zatím nechce, zaprvé Čína tvoří menšinu portfolia, zadruhé mi tam už růst vytvořil docela velkej polštář.

[Honza]

Nene Čínu mám jen přes fond, Parvest China. Cca 150% za dva roky. V akciích Číny se vůbec nevyznám. Ono v celý tý Číně se nevyznám.

Mám ten samej, koupenej v lednu. Do dnes +70%. Minulý týden jsem dal pokyn k prodeji ...

[ricmund]

keby si to nemal kupene, kupil by si to dneska?

dneska ne, ale ani tak né kvůli tomu růstu v Číně to může růst klidně dalších několik set procent, ale riziko recese ve státech mě připadá čím dál víc reálné (což spláchne i Čínu) výsledky firem jsou celkem ok, inflace taky, ale ostatní nepřestává smrdět

[jonatanus]

dneska ne

tak si si odpovedal na otazku co mas robit - predat.

[Bobikpp]

jeden zo zakladnych bodov investovania:

Greed kills, and pigs get slaughtered...

a este clanok k inspiracii:

http://www.patria.cz/Zpravodajstvi/1084 ... z-50-.html


ja by som predal - mozno ti to porastie este o 50%, mozno nie...predaj a pripadne reinvestuj tych 70% z povodnej investicie - sice zaplatis dalsie poplatky, ale aspon uchranis investiciu

[Ferin007]

tak si si odpovedal na otazku co mas robit - predat.

To si myslím, že není rozhodně to stejný.

Jinak důvod, proč zůstat v Číně, je ten, že pokud praskne Čína, poletí dolů úplně fšecko. Akorát, že ta Čína může do té doby eště pěkně vyletět.
Je to to samý, jako v roce 2000. Bublina byla jen v technologiích, ale zahučel celej svět a do velice.