$3988.HK (Bank of China)
bank of china one of the most important Chinese banks is catching up on the daily timeframe
Why focus on this title?
China is still booming economically. GDP growth is estimated at 6% per year.
Obviously the financial system will play a primary role for growth because credit... 顯示更多 翻譯
>> Is P/B (=Price to book) < 1 a perfect buy? <<
Ok so first we need to know what is P/B ratio, time for definition:
It's calculated by dividing the company's stock price per share by its book value per share (BVPS).
So basically if P/B is less than one, then we buy assets for... 顯示更多 翻譯
Will China be the next global economic leader?
So first some data:
1) China annual growth of GDP was about 6% before Covid and 2,3% in 2020.
2) USA annual growth of GDP was about 2,3% before Covid and -5,9% in 2020.
3) USA unemployment rate was 11,1% in 2020.
4) China unemplyoment rate was 4,2%... 顯示更多 翻譯
Always remember that data (chinese numbers) is brought by the chinese communist party. Not very reliable in my opinion...
Remind in the late 70' and 80' USSR seemed really confident, strong and powerful. The USA was struggling almost everywhere. We know how it ended.... 顯示更多 翻譯
$3988.HK (Bank of China) Bank of China (Spot: 2.89) 19-3-2021
P/E: 4.5 (Cheap relatively to global banks)
P/B: 0.36(Buying at a discount to its Book Value)
Div: 7.2% Per Annum (consistent Payout in the Past)
NPL: 1.4% (relatively low)
Core Tier 1 Ratio: 11.3% (Relatively Strong)
Participating... 顯示更多 翻譯
$3800.HK (GCL-Poly Energy) acquisto i cali, ma continua a cadere 😂.
Ho comprato settimana scorsa quando era a -27%, credevo che 2 fosse la base per una nuova risalita e invece il rosso continua ad aumentare 😅
Non ha senso, l'economia Cinese è in ascesa, dovrebbe iniziare a salire.
$BABA (Alibaba)... 顯示更多 翻譯