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Do you believe in Lee Shau Kee?
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Brendan982201
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26-Nov-2007 11:59
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Alibaba SGAeCW080421 open up +0.035 to 0.545, pending for mother share to move.Cautious : warrant is volatile, dun keep overnite !! |
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178investors
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25-Nov-2007 23:43
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Does The Reuters report mention Hong Kong has decoupled totally from China market? I think if Li KaShing, Alan Greenspan, and Warren Buffett said China Stock Market is about to burst, will Hong Kong be spared? Has China Stocks Bubble burst yet? Lee Shau Kee has made alot of money from his investments and he may know something which we don't, for example, QDII secrets from his mainland connections. But being a multi-billionaire he is, he has holding power and can afford to hold onto his portfolio for many years until it recover above his investment cost. Those companies he favours are pretty safe picks and should not collapse under normal crises. I think we play Singapore stocks safer. There are also many good value companies here waiting to be picked. But majority are fearful and waiting for more confirmation of trend before parting with $$. With limited bulletts, small investors can only watch from sideline unlike the wealthy Mr. Lee who can brandish his guns and charge ahead. |
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Brendan982201
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25-Nov-2007 22:53
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can try again alibaba : ) |
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cashcomstock
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25-Nov-2007 22:44
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I hope it will go up too. Otherwise, it is tough to predict the trend. |
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Pinnacle
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25-Nov-2007 21:44
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I see that its more than just boosting the sentiment. He is the super rich, and is just putting spare cash into market while he see that the return of these spare cash in 1 ~ 2 years will be multipled. We can't afford to do that, to lock our cash for years. |
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Farmer
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25-Nov-2007 21:31
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It make sense for a multi billion stake holder of the HSI to pump in another billion or so into the market to boost up overall morale/confident.....but I dun believe in the creditability of such move especially for retail investors like us unless you've got the winds before hand. I will surely believe it if WB suddenly spend the same amount or more in HK shares or not relate stock. Would you not? |
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Pinnacle
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25-Nov-2007 20:26
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(Reuters) - Billionaire investor Lee Shau Kee, sometimes nicknamed Hong Kong's Warren Buffett, said he spent more than HK$1 billion ($129 million) in the stock market on Thursday as the first salvo in a HK$10 billion bargain hunt. "Now is the right time to get back to the stock market and start buying,"Lee told a news conference. The HK$10 billion that Lee is poised to pump into stocks will most likely target his favoured portfolio of 11 companies. The initial HK$1 billion went into China Life Insurance Co (2628.HK: Quote, Profile, Research), China Merchants Bank ( 3968.HK: Quote, Profile, Research), oil firm CNOOC Ltd (0883.HK: Quote, Profile, Research), coal producer Shenhua Energy (1088.HK: Quote, Profile, Research) and stockmarket operator Hong Kong Exchanges and Clearing Ltd (0388.HK: Quote, Profile, Research). But Lee warned investors that although he was being open about his plans, he was not expecting anyone to follow him and he was not promising speculators would profit by doing so. "Gamblers like to complain if they lose their money," he said, according to Bonnie Ngan, spokeswoman for his firm Henderson Land (0012.HK: Quote, Profile, Research). Lee said Hong Kong's stock market had fully priced in negative news, such as the fallout from the U.S. subprime crisis, and it was time for investors to hunt for bargains. He forecast that the benchmark Hang Seng Index (.HSI: Quote, Profile, Research), which closed 2.3 percent down at 26,004.92 on Thursday, would hit 30,000 later this year before climbing to reach 33,000 by Chinese new year, during the first quarter of 2008. The index hit a high of 31, 958.41 at the end of last month, but has fallen steadily since. ($1=7.779 Hong Kong Dollar) |
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