raincool2005
Senior Member
what i mean is load in small amount for long term.
Afterall it is a good company with GLC background.
what do u think ?
Subprime issue in the financial markets and your shares
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what i mean is load in small amount for long term.
Afterall it is a good company with GLC background.
what do u think ?
yeah lah i know what you mean. it's tempting at this price..... but i'll wait... if it doesn't reach the price i'm looking at then i'll pass.
raincool2005
Senior Member
i think Sembcorp will be a better choice as its projects has been doing well in Vietnam.
Yes, those who have insider news have already pocketed so much.
Heard UTAC was one of the cases. So many insiders made profits from it.
raincool2005
Senior Member
fyi, there has been many huge purchases in fraser and neave today, as observed this seems to be the only blue chip stock floated in green during correction.
my guess is something good maybe on the cards.
Stay away from the market if you are not invested and don't have a buffer for losses, PE ratios for Singapore stocks are relatively higher than the region, save for Hong Kong and China where the PE ratios are at stratospheric levels. In other words, the prices are expensive.
I remember the Tech craze, this is similar.
I remember the Tech craze, this is similar.
raincool2005
Senior Member
Stay away from the market if you are not invested and don't have a buffer for losses, PE ratios for Singapore stocks are relatively higher than the region, save for Hong Kong and China where the PE ratios are at stratospheric levels. In other words, the prices are expensive.
I remember the Tech craze, this is similar.
Hi, stayed away from China stocks. Something is not right, just read what Buffet comments. A man of this position will not anyhow said such things without reliability.
raincool2005
Senior Member
US markets up again on expectations Fed will cut interest rates.
Dow +134.78
Nasdaq +53.33
S&P +20.88
Wall Street banks on another rate cut
Ben Bernanke and the Federal Reserve will decide on Halloween whether to lower interest rates again. Investors are betting on a quarter-point cut.
http://money.cnn.com/2007/10/26/news/economy/fed_ratespreview/index.htm?postversion=2007102612
:lovegrin:
Dow +134.78
Nasdaq +53.33
S&P +20.88
Wall Street banks on another rate cut
Ben Bernanke and the Federal Reserve will decide on Halloween whether to lower interest rates again. Investors are betting on a quarter-point cut.
http://money.cnn.com/2007/10/26/news/economy/fed_ratespreview/index.htm?postversion=2007102612
:lovegrin:
Told you guys before.
Subprime has only affected companies Q3 profits at most. Going forward, they will turn black.
Looking at macro perspective, U.S. economy is still growing but moderately. There is no clear sign or siginificant indicator pointing the U.S. is going into recession.
The power of the media and analysts 'talking' that made investors 'nervous' so that they will sell their stocks.
Back at home, MAS has just announced the quarterly review, pointing that Singapore will achieve 7% GDP growth. Unemployment fell to the lowest in 10 years.
As for China stocks bubble, it will not burst in the near term. Those who are going to short china stocks will all be killed in the near term. Go and figure out why the bubble can sustain in the near term.
raincool2005
Senior Member
Frasers and Neave ! do u all notice its bullish trend ? :lovegrin:
raincool2005
Senior Member
There are people who think that the high valuations especially in China can be justified because companies are making money, unlike the dot com companies where most made little to no profits. However, paying a lot (well over 50 times price earnings ratio) of money today for profits from tomorrow, and made worse by a closed financial system where investors can only buy stocks in China and not invest outside creates a very unstable stock market that trades at artifically high levels.
Once the profits starts to level, and we are not even talking about losses, we'll start to see investors exiting Chinese stocks because perceptions about valuations will change. It starts with a trickle, investors start to lock into their profits, and then for no explanation, it becomes a flood. Financial markets often crash with little to no warning, although the signs are there well before they occur. This happens even when the global economy is in reasonably good shape, simply because of the herd mentality. When the majority starts to think otherwise, it happens. Read the papers, read and observe what people say, and who they are. If the big shots say 'overvalued' it means they are ready to make an exit. If enough of such people express the same opinions, it will happen.
Once the profits starts to level, and we are not even talking about losses, we'll start to see investors exiting Chinese stocks because perceptions about valuations will change. It starts with a trickle, investors start to lock into their profits, and then for no explanation, it becomes a flood. Financial markets often crash with little to no warning, although the signs are there well before they occur. This happens even when the global economy is in reasonably good shape, simply because of the herd mentality. When the majority starts to think otherwise, it happens. Read the papers, read and observe what people say, and who they are. If the big shots say 'overvalued' it means they are ready to make an exit. If enough of such people express the same opinions, it will happen.
MichaelLee
Senior Member
check out google, ebay and yahoo. none of these dot com has PE ratio more than 50.
and there are making lots of profit and cash.
even baidu and alibaba are both making $ & profit.
I was actually trying to compare the valuations of the dot com crash era against the current valuations of Chinese companies. Seems that I deleted it when I reprhased the paragraph. :bsmilie: BTW, the PE ratio is not across the board, it's the index vs the earning of the constituents.
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