Hi folks!
I am so busy flying but would like to give my thoughts before I get airborne again in a few minutes ( Washington DC to Seoul Korea).
It goes like this :
Both China and India have not been factored in as far as I know,buyers of this stock emanate mostly from the western world so far but I strongly believe that once our footprint is well established in those countries that we will compete for shares with many of the locals investors.
I trade on the Shanghai market and all i can say is that my returns have been astronomical ( Baidu,China Life etc..) in the last 3 years.
It is almost a national sport in China to play the stock market and the growth is phenomenal.
Which means that our valuation now is...ridiculously low...
Keep this in mind before you sell....we have a long road ahead of us and,sure it will be full of bumps,peaks and valleys but it leads to the mountaintop!
regards to all.