The market this week seemed to assure us that our investment decisions aren’t entirely without basis. After selling our single biggest holding two weeks ago – based on the radical theory that a market rally divorced from economic reality wouldn’t last forever – the Shanghai Composite Index (SCI) has gone and done what we expected […]
Category: Markets
All right, all right, so we should have waited another week. After our smug exit from the cement sector with our sale of 100 shares of Anhui Conch Cement (600585.SH) last Friday, we watched as its share price rose no less than 16.68% this week. In our defense, we kind of said this would happen, […]
We may have given our readers reason in the past to think we would never live up to the fierce red-blooded image of capitalist roaderism. Yes, we cast aside Hubei Guangji Pharmaceutical (000952.SZ) many months ago, but aside from that, nothing in our investment decisions would indicate the kind of take-no-prisoners approach suggested by our […]
Well, how about that. The week was filled with little but good news for Anhui Conch Cement (600585.SH). December’s figures regarding loan growth (up 19%) seem a bit quaint in comparison to the record-smashing US$175 billion in new loans banks gave out in January. The best part, for us at least, is that the loans […]
Oh, Anhui Conch Cement (600585.SH). We’ve come a long way together. It’s been a long road down from the lofty heights of June, when the SCI was at 3,436.398. That was back when just one of your shares cost RMB55.97. Do you remember that? Do you? We understand if you’ve chosen to forget, seeing as […]
You must be logged in to post a comment.