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HK's Li Ka-shing says property sales worst in 13 years
HONG KONG] Asia's richest man, Li Ka-shing, says his business has suffered its worst year in more than a decade as measures to cool one of the world's most expensive real estate markets take their toll on Hong Kong's powerful developers. "We only recorded about HK$4 billion (US$515.97 million) of property sales for the entire year, merely 15 percent of the total sales in between HK$26 billion to HK$27 billion during the past two years," Mr Li told the Guangzhou-based Southern Metropolis Daily in an interview published on Thursday - Reuters
Source: Business Times Breaking News
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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If drop 20% or absorb stamp duty, confirm hit target.
SHK and Sino/Hopewell projects selling well leh...
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(28-11-2013, 08:48 PM)opmi Wrote: If drop 20% or absorb stamp duty, confirm hit target.
SHK and Sino/Hopewell projects selling well leh...
listen to not what Superman say but observe what he do. This guy is not as "philanthropic" as Buffett
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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(29-11-2013, 12:32 PM)specuvestor Wrote: (28-11-2013, 08:48 PM)opmi Wrote: If drop 20% or absorb stamp duty, confirm hit target.
SHK and Sino/Hopewell projects selling well leh...
listen to not what Superman say but observe what he do. This guy is not as "philanthropic" as Buffett
Completely agree. But unlike WB. , Superman is from "The man in the street" who sold plastic flowers. So that's why he is nicknamed as "SUPERMAN".
So any IPO from him, i think twice. No, correction, thrice. And why in Singapore and not HK is more than enough for me to be very wary? You say common-sense or emotion. It's up to you. i think either one is right is more than enough.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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