HKEx Monthly Market Highlights-May2007

Hong Kong Exchanges and Clearing Limited

Getting ready for the next bargain-hunt.

The Shanghai Stock Exchange Composite Index tumbles 8.257%, a massive 330.341 points closing at 3670.401. This may be a loss to many investors, but also an opportunity for others to jump in at lower prices and enjoy the long bull ride. The awaited 20% correction has already begun. From the high of 4335.963 on the 29th of May 2007, a 20% downward adjustment will bring the index to 3468.770.
After today's plunge, we will need just about another decrease of 201.631 points on the SSE composite index to spark a good time for bargain-hunting. Just get your guns loaded with sufficient bullets !

Additional info:
The top 10 largest stocks listed on SSE (as at 15th January 2007) are as follows:
1. Industrial and Commercial Bank of China (1,397.86 b)
2. China Life Insurance (904.78 b)
3. Bank of China (887.31 b)
4. Sinopec (692.22 b)
5. China Merchants Bank (201.09 b)
6. Shanghai International Port (164.56 b)
7. Baosteel (161.81 b)
8. Daqin Railway (114.71 b)
9. CITIC Securities (107.99 b)
10. Shanghai Pudong Development Bank (104.30 b)

HKEx Monthly Market Highlights-April 2007

Hong Kong Exchanges and Clearing Limited

法院三司判決不一致 宗教不自由阻先進國

《東方新聞網》- 新聞顯示及管理系統: "法院三司判決不一致　宗教不自由阻先進國"

永远没有最好的买进时机。。。

因为市场上总有令人担忧的情况在发生，无时无刻。这也就是人生。
过去4年一路看坏美国股市的价值形投资大师，结果是未能众中获利！！
历史重演，地点换成了中国。。。。。

Even 30% Fall in China Shrs Wouldn't do much!

Citigroup in note says without Beijing''s continuous policy action, China A-share market correction likely temporary, but even if market corrected 30%, impact on economy would be about 1 percentage point drop in GDP growth with retail sales growth would fall 3 percentage points; implications for bank loan quality likely limited, but property prices may rise if stock funds flow into property.

Some Statistics about HK and China

Market Capitalisation as at 31/05/2007

HongKong HKD14,982B =RM6,592B (1HKD=0.440RM)

CHINA (ShangHai&Shenzen) = RMB17,773B =RM7,970B(2.23RMB=1RM)

Average PE in HongKong main board=16.94X ,GEM=35.69

Average PE in ShangHai A shares=43.42 , B Shares=46.21

Average PE in ShenZen A shares=54.87, B shares=25.20

Turnover in HongKong=77.65B

Tourover in China=239.522B