Posted by: hukka_nepali December 29, 2006
simple investment ideas!
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Hi haami, I've already talked about my chinese stocks earlier in the discussion but don't mind going over it briefly again: I own CTRP -- which is kinda like your priceline.com or travolocity.com here for hotel and airline booking. online travel booking is still at it's very early stages in china, and if you know the history of it in america you can't help to be more excited about the possibility of CTRP in chaina for the future. plus chinese now have money and they are travelling (oh yeah they do bookings by phones and through local agents too, so they get their traditional customer that way and online for the new tech wiz). Currently stock price is $60+ and has gone up over 25% in the last 1 month so wouldn't recommend buying right away but not sure if there will be a pull back. I own LFC -- china life insurance. with billions of people how can you go wrong with life insurance (still the concept of buying life insurance is fairly new in china but as more people start to accumulate wealth, so will increase their worries for health / death). this has been my best stock pick of all time with over 200% in return so at it's current price i can't recommend a buy but anything with china health care / insurance / or even finincial / banking sector should be a good long term investment. I own ACH -- largest aluminum producer in china and still trading at a bargain price. fastest growing ecomony like chaina will need a lot of alumunim along with other metals so any type of chinese metal company (that is not over priced) should be a great buy. MPEL -- recently IPO, I don't own it yet but seriously considering (and most probably will buy it). this is a casion stock based in Macau which is autonomous part of china. my philosophy is plain and simple here; chinese people in general love to gamble and there are lots of chinese with lots of money now and casion stocks in general have great margins as they are not really selling any product. so anything in the chinese gaming / casion stocks are good but i like this one because of it's value. last but not the least, can't ignore chinese energy sector but i'm yet to explore those. may be some of you can or have already.
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