China stocks
CTRP (the Chinese Expedia) upgraded to a buy
Wednesday, February 6th, 2008Goldman just upgraded CTRP (CTRP) from Neutral to Buy:
“Given our belief that the company is well positioned to benefit from:
1) emerging secular trend of industry consolidation among travel agencies;
2) centralizing hotel bookings from fragmented supplier base; and
3) structural growth of overall travel industry in China, and sustainable shift toward online booking.
We […]
HOW TO INVEST IN CHINA WITH ETFs
Monday, February 4th, 2008HOW TO INVEST IN CHINA WITH ETFs
With China in a 30% bear market, those who belive a bottom might be in place, should consider a few ETF options now considering just as I write this the Shanghai’s market rallied 8.1%:
The Claymore/AlphaShares China Small Cap Index ETF (HAO) launched this Wednesday with .70% expense ratio. It […]
China Bear Markets decline average of -30%
Wednesday, January 30th, 2008China Bear Market
Below the nine bear markets of the Shanghai Composite since 1995 straight from Bespoke Investments. The average length of a Shanghai Composite bear has been 158 days, and the average decline has been -30.47%. As shown, the current bear has lasted 105 days and declined 26.82%.
China’s Shanghai Composite has […]
Will Warren buy Petrochina (PTR) again?
Sunday, January 6th, 2008Following on the 31% share price pullback from their peak in November, Petrochina (PTR) now seems attractively valued. Goldman last week upgraded the firm to Buy from Neutral and believes the company will reach $217; implying 25% upside potential for its H shares. Petrochina was Warren Buffett’s darling for the past […]
BIDU: Analysis of the most promising Chinese Internet company
Thursday, January 3rd, 2008I promised a few readers to give them my take on Baidu. Last night, after enduring a 10-round argument with Alex, a trader from NY, I decided to simply put it in writing for the rest of you. This week BIDU is set to launch an entertainment channel […]