Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jurgis Bekepuris who wrote (52661)	10/30/2013 1:35:53 AM
From: Spekulatius	of 78746

Re Swire group. SWRAY: This may be the better page: swirepacific.com While property may be driving it (which is the case for almost all HK large caps, except Hutchison), the other divisions matter in terms of underlying profit (~1/3) even though Cathay's earnings (which count towards aviation) is currently not much better than breakeven. FWIW, i don't know why they listed their property division at all. I don't think they needed the capital and it trades at one of the largest discounts to NAV of the HK majors. I am not bullish on HK real estate but not extremely bearish either. HK high end residential RE is certainly in a bubble, but Swire does very little business there. HKD is coupled to USD, so Bernanke's bubble extends to HK as well.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next