Actually I just looked it up its a bit over 15 for the A class shares. I think it was around 24 at its peak.
They should command high PEs due to their 7% growth rate.
Printable View
Actually I just looked it up its a bit over 15 for the A class shares. I think it was around 24 at its peak.
They should command high PEs due to their 7% growth rate.
Shanghai market overall PE is extremely misleading. The market PE is 15.6 which looks absolutely fine.
But we have lots of heavy weighted bank with 6~7PE, 0.9~1PB !!
You really need to look at ShenZheng market. ShenZheng market doesn't have banks and it's mainly medium to small size companies(MC about 1.2 billion to 10 billion NZD).
The average PE is now 32.6 and PB is 3.6. The past 4 years 2011-2014 average PE was 26.7 and PB was 3.1
So overall we have financial sector is very cheap. Rest of the market is still expensive.
Attachment 7587
using weekly chart for investing would have had very good reults with two trades in the last four years. Just buying using weekly CCI and placing stocks under lows would have been very good. The second trade would have been exited two weeks ago
Here is something that could bring even more volatility to the markets over the coming months, especially is Russia launches its own operations in Syria.
http://m.nzherald.co.nz/world/news/a...ectid=11508956
Yep agree NZSilver. Both France & Britain said they were considering airstrikes in Syria to target Assad regime military. This could be the next Afghanistan, quite probably worse as they are taking on a far better equipped military than the Taliban.
have the dow sitting right on support as of Friday, if doesn't hold probably retest of lows to come
Says a lot when the Black Monday thread is the main focus on share trader of late, lot of members ozzing red ink I'd imagine apart from the cashed up ones, sometimes silence speaks for itself aye.