Hello Pezz, Today's Report: Went crazy and ...
(a) Bet on the Scots - Doubled my existing stake in The Hong Kong and Shanghai Banking Corporation (HSBC) via the HK Stock Exchange (code 5 under home.boom.com.hk ; main listing on London Exchange) at HKD 81.25/shr. P/E 17.6, yield 4.78%.
If I know the Scots, they should be preparing to buy cheap in blown apart markets soon.
and
(b) Wager on the Shanghainese Chinese - Bought a starting stake in Shanghai Industrial (code 363) via same HK Stock Exchange. P/E 8.8, yielding 4.14%, engaged in sihl.com.hk i.e. infrastructure/logistic, consumer products/retail, automotive parts, IT.
If I know my Shanghainese, they should be taking over from Asia ex-Japan, and then Japan soon.
I am also inspired by the DJIA ramporama, and am thinking that at worst I ride the shares up until Xmas/New Years/Chinese New Years, dump them, and at best I get on the train early for Emerging Market China Concept Rational Mania, an abracadabra that must surely follow global gloom, cushioned by dividend yields substantially better than US Treasury 10/30 year notes.
Chugs, Jay |
