for the chinese stocks on the US market -- My personal belief is you find specific evidence that the principal wants to stand by the shareholders. Gao has demonstrated this to my satisfaction by decisions he's made and actions we've seen.
Happy to agree to disagree with the new discussants. So far, in the last few weeks, the strategy has returned 250%.
A question -in your opinion, how much is the stock worth if it is a few steps removed from the core company? If the answer is zero, then if it were me, I'd spend time where I perceived value.
China Vanke Co. (000002), the biggest developer by market value traded on the nation’s exchanges, said third-quarter profit rose 18 percent as stronger demand from homebuyers defied government efforts to curb prices.
Net income jumped to 1.6 billion yuan ($263 million), or 0.146 yuan a share, from a year earlier, the company said in a filing to the Shenzhen stock exchange today. Revenue increased 43 percent to 22 billion yuan.
China’s home prices rose in all but one city in September for a fifth month as the government refrained from introducing more nationwide property tightening policies that would hinder economic growth. Vanke’s contracted sales increased 33 percent in the first nine months from a year earlier to 128.5 billion yuan, the company said.