Loading up on this excellent Chinese bank. Financials are exceptional. Prior qtr earnings very positive, and even more positive outlook going forward. This is an excellent stock to own with very little downside risk, low PE, growing earnings, strong balance sheet, stock will double in few months if not sooner, possible triple.
I've been very interested in Chinese Banks and Oil companies for a while....but have been concerned about this latest flap with the SEC where Chinese stocks/ADRs could be delisted if certain audit information is not forthcoming. Are you up on this at all and is it a legitimate concern? Or do you purchase the stock directly on the Hong Kong exchange?
yes im aware of the chinese firms that are hoaxes that are listed, mostly internet related tho. as far as CICHY, this is a huge chinese bank, take a look at the financials, incredible earrnings increases, and book value is great. this stock will do very well, along with CHU with teh soon release of 4G and Apple Iphone agreements. these are teh two Chinese plays i have right now.