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(18-11-2013, 09:00 AM)opmi Wrote: (18-11-2013, 08:04 AM)chialc88 Wrote: China stock effects?
I think Aberdeen does not do bottom-fishing.
Most of the time, they just buy because the see a value counter selling at a price that they can not refuse.
And then they hold it for very long term.
A traditional, if I do not want to hold the stocks for ten year, I will not buy even for a single day.
A Life not Reflected is a Life not Worth Living.
Aberdeen criteria - not just Value. Good Mgt. Good Corp Governance.
Need the above coz they are managing OTHER PEOPLE MONEY.
They flop before. Saytam.
Need the above because they are investing or "stuck" in the long term. They are buying a business not a stock. Less to do with OPM. Hedge funds also do OPM.
Buffett flopped too. Key is their long term principles of value investing, which shows in their track record in BOTH up and down cycles.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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So far Aberdeen's performance has been impressive, especially with mid caps. Petra food is one good example.
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Short selling quantity today :1,137,000 shares.
Hope short sellers will get squeezed by strong buyers soon.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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EPS of S$0.15 to equity holder, PE ratio of less than 8X.
Pre-sales of RMB 10B by end 31/12/2013 is already close to revenues of FY13.
Gross margin also improved in 2013.
FY 2014 should be very good.
Any comments from buddies are all welcome.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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Anyone who has been to China and seen their property developments? We know Capitaland develops excellent properties.
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Was in Shanghai and Nanjing , their properties are rather high end with good finishing. Almost similar to that of CDL , not mass market class.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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People just give China stocks a miss. Good result also can't attract buying interest.
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Hi Tiggerbee,
Looks like YL is still doing quite well as compared to many other developers in China. Their FY 2014 should be much better because they are still selling some completed units and launching new project for sales in 1Q14.
For fair value gain, although not realized gain but actual value of assets have increased , an increase of NAV.