Data:2009-12-12 2:34
Category: Money Tips Date: 2007-05-31
Has recently been the Hang Seng Index constituent stocks of the decade, made an analysis of price changes, Esprit Holdings, Li & Fung, HKEx and a number of companies such as CNOOC's share price increased by 10-fold compared with more than a decade ago, the highest in more than 18 times; while others have been familiar with some of our businesses, such as New World Development, Henderson real estate has not only significantly underperform index was also down compared with the beginning of 20% -50% range. The structural changes in the results of HSI constituent stocks once again confirms our investment philosophy on the mainstream, that at different times the level and pace of economic development largely determines the level of investment in basic earnings.
We believe that China's economic trends toward power basically established: the market economy system, significantly improve enterprise competitiveness, profitability continues to improve; in assets and asset-building sector, demand for sustained and stable growth; in the export sector, some industries has emerged from a single resources, reliance on comparative advantage, but there comprehensive competitiveness.
Specific to the stock selection level, we like to wave at the economic trends of the company, like the sound management of the company, like to have a significant competitive advantage of companies like always to create value for shareholders of companies.
Maybe we can borrow the investment sum up Lee Shau Kee mainstream investment tips to portray a little more simple: first select a country, then select the industry, and then invested in the top three industries. If you are born in the right place and right time, you just need to find the economic mainstream, the right to buy shares, the remaining thing is a win-win situation with the mainstream.
