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China Mobile Limited Message Board

  • chl1998 chl1998 Jan 16, 1998 11:42 AM Flag

    mmo123, you are it

    mmo123, you are sh... and you are definitly not from the Earth.

    mmo123 said "Hong Kong has no exports. the whole ecomony is
    based on banking, real estate, and touristism."

    The fact: Honk Kong's both imports/exports are ranked #8 in the
    world, while China is #11.

    And even your statment are right, no brainer, will a devaluation of HKD help touristism? Does banking/real estate need lower interest rate?

    And mmo123 said I "don't know what I am talking about".

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    • I believe that HK economy has a strong impact on the price of China ADR. I do not have the statistic, but believe that most ADR are owned by HK and oversea Chinese. These ADR often offer poor info about their stocks such as profit, future, book values etc. We just GAMBLE with our spare money, and therefore the HK economy has a direct impact on our confidence.

      I just returned from HK for the CNY. The lines at airport, taxis, etc are at least as long as the Disneyland. A 1.5# ching-e
      fish still cost US$100+. Bird flu and toxic fish seem to have little impact. While the economy appear health on the surface, what
      worries me is the department stores. There are fire-sale everywhere. Named brand items such as Gucci and Polo are often 70% off US
      price. There is one rumor that 10% of the restaruants will be closed shortly and another rumor that Tung wants to close a major
      bank for speculating against HK$.

    • Hmmmm. Assuming it takes 1 sq ft to raise a chicken, and 4 chicken per year, and 3# per chicken, your 8000 sq ft lot can raise 100K#. Assuming 10% return on the $20M, chicken at HK must cost US$20 per lb.

      I just returned from a quick tour of HK for the CNY. While many "sunset" industries closed and moved to China, many manufacturers still remain and kicking. The statement that HK has no manufacturing base is totally unfounded.

      PS. I work on high power density micro-machines (MEMS), hence you may guess what McMEM stands for. I gave up making chips long time ago because
      1. the chance of winning Nobel prize is slim;
      2. I cannot compete against Intel.

    • I read recent few discussion on this thread regarding Hong Kong menufacturing, export, real estate. How are those related
      with the stock of China Telecom? My understanding is that China Telecom's customers are 100% Chinese people in mainland China.
      Yes China Telecom own big stack in Hong Kong Telecom. Anything suggesting that Hong Kong people will cut use of mobile phone
      because of recent Asia stock market valotility? If that is the case, it may have limited impact on China Telecom. But as I
      understand, business between Kong Hong and mainland China should increase after July 1, 1997.

    • McMEM, do you have half a brain. I guess it would take a million people to work in manufacturing area to feed a million chicken. Ha Ha Ha. I never work in Hong Kong before, and neither did my parents or my sibling. We just have a few properties in Central and Tsimshachui area. And many other people do the same in Hong Kong.

      Are you nuts to use real estate in Hong Kong for manufacturing. As an example, even after the real estate has started to collapse since October, a lot of about 8000 sq ft in the Hung Hom area, sold for 150 million Hong Kong dollars, approximately 20 million US dollars. That lot is barely larger than an average lot for a single family home in California. And this lot is not even in the prime area.

      For your mentality, your so called "high tech" business won't last very long. I guess you are betting that there will be a manufacturing job waiting for you in Hong Kong.

      By the way, unless you are working on 0.25 micron transistor, you are not "high tech".

    • Hong Kong derives its income only 6% from manufacturing according to a recent report from the Government. Hong Kong is big on tourism, but now its tourist business is way down since last July 1. Hong Kong is very expensive to visit and is no longer a cheap shopping place.
      One of the reasons Hong Kong is not going to devaluate their dollars (at least not for now) because of their low level of exporting of manufactured goods.

    • Hmm, so all 6 millions at HK are supported by banking and real estates.

      Of the 1+ million chicken killed recently because of the bird flu, how many were imported from China and slapped on with a "Made In HK" label? (Using the words of Mr. Sh. Head mmool), or are the chickens rasied in skyscrappers?

      I own a small high tech company in Southern Cal, about 100 miles from Mexican where the labor is 5-10 times cheaper. My next door neighbor produce swimsuit and sports wear, and pays $10+/hr for her labors. She can afford that because of the high mark-up. The same is true at the many small companies at HK. They have office/storage/home all in one unit, and aggressively go after any opportunity.

    • Okhaven

      I like your using the word "bet" which is absolutely accurate to describe any stocks. We are gamblers in a sense. Ha, ha. Do not tell my loving wife, please.
      Now, I prefer to bet on CHL because if you are living in US and if you are not a day-trader, trading ADR in NYSE gives you a better control. Some of my friends like to call brokers in Hong Kong to buy and sell securities. But I prefer to use my computer here to trade via inexpensive electronic trading ($14-15 per trade including ADR). I do not have an account in Hong Kong and really do not know how to trade in Hong Kong via long distance. I like CONTROL becaue that is my money.
      Good luck to you and hope that you will make more Chinese money after the lunar New Year.

    • Which is the better bet, if ever, China Telecom trading in Hong Kong or China Telecom (Hong Kong) trading in New York Stock Exchange.

    • your brain is smaller than an ant's. hong kong does not have a manufacturing base, its local labor force are too expensive
      for the region's standard. your so called rank #8 in export is full of sh.... all hong kong merchants do is to buy maufactured
      goods from china or vietnam and put hong kong's label on it, then they ship the stuff oversea to sell it. if you called that
      export than your are really dumb. devaluation of the HK$ would cost more to purchase these goods for resale, keeping the HK$ strong
      would make the profit margin high. second, a strong HK$ will definitely help banking at the expense of real estate, but keep in
      mind that the new chief in hong kong does not come from a real estate background, he made himself a billionaire from shipping,
      not real estate, so obviously he want a strong HK$ to buy cheap good from places like vietnam and indonasia. with all the
      business in hong kong, BANKING is the most important, that is why they are trying so hard to keep the pep. you sh.. head.

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