Friday, February 1, 2008

Market kong?.. not for Hong Kong.


HSI has retreated close to 30% from its peak of ~32k in Nov last year... memory of the first subprime victim is vividly lingering in most people's mind.. US will continue to cut rate and the dollar will continue to fall in the short term, US market are extremely vulnerable and should be avoided in general... Hong Kong the next best destination for me now.... fairly valued at close to 24k, with HK dollar being the main gainer from the weaker US dollar...this market is a bang for months to come... chart wise, i'm extremely bullish on HK stock future.... with or without the implementation of the direct investment train.. so buckle up...swoop in when its low.. go for state back assets mainly in energy related counters mainly O&G, not to forget telecommunication too... these sector are highly likely to return more in future to come.... take alook yourself.

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