March 26, 2009
H Shares Hot Again
JP Morgan is "overweight" H shares pointing out that valuations of Chinese majors in Hong Kong are substantially less than their listed shares in Shanghai (most of which - A shares - are not available to non-Chinese). The Hang Seng China Enterprise is up and the combined A&B Shanghai Composite Index is near its year-to-date high. These are signals that the bottom may have been reached - barring a complete global collapse - in Chinese stocks. On to the next bubble....?
Labels: chinese stocks
# posted by Sinomania! : 3/26/2009 10:42:00 AM
Subscribe to Posts [Atom]
