China & hk stocks/ etfs

[elvintay07]

I just bought some. Good to enter after Long Xia.

 

[DevilPlate]

My China stocks also up a lot but I just went to China this year. July in Cheng Du then Ocf in Shanghai. I think their retail confirm not doing well as a lot of shops closed down. Not sure whether China economy is as vibrant as what Xi Jing Ping thinks. Haha!

Confirm not as rosy as Master Leong thinks la

Depends on location bah.

Our SG malls not all are bustling with crowds

 

[elvintay07]

Depends on location bah.

Our SG malls not all are bustling with crowds

I got feeling that the next burst could be China commercial property. But since interest rate is super low, maybe bo taiji. If not, guarantee chop die

 

[Brandedclassicwear]

My China stocks also up a lot but I just went to China this year. July in Cheng Du then Ocf in Shanghai. I think their retail confirm not doing well as a lot of shops closed down. Not sure whether China economy is as vibrant as what Xi Jing Ping thinks. Haha!

Confirm not as rosy as Master Leong thinks la

retail cannot compete on price. A lot of shoppers go to shop, try, take a photo and search online to redeem vouchers and buy the same item on their apps to be delivered to their house.

The delivery fee in China is like 8-15RMB, so no need to buy at a shop and carry home items unless needed urgently, even if needed urgently, instant retail from meituan, etc, also gives discount vouchers.

China economy is K shaped now...some industries supported by government are booming, e.g semi conductors, robotics, consumer appliances, some old industries like property, furniture, shopping malls not doing well

nowadays 40% of my home appliances use Chinese brands.....really innovative at good price.

 

[DevilPlate]

retail cannot compete on price. A lot of shoppers go to shop, try, take a photo and search online to redeem vouchers and buy the same item on their apps to be delivered to their house.

The delivery fee in China is like 8-15RMB, so no need to buy at a shop and carry home items unless needed urgently, even if needed urgently, instant retail from meituan, etc, also gives discount vouchers.

China economy is K shaped now...some industries supported by government are booming, e.g semi conductors, robotics, consumer appliances, some old industries like property, furniture, shopping malls not doing well

nowadays 40% of my home appliances use Chinese brands.....really innovative at good price.

Ya la

Only f&b, services and clothing/shoes that require trying.

China 1st tier cities mega malls still thriving during weekends.

 

[elvintay07]

Ya la

Only f&b, services and clothing/shoes that require trying.

China 1st tier cities mega malls still thriving during weekends.

I went Shanghai, Chengdu and all malls like 20% close down. Except the pedestrian street, the rest sibei quiet. Big brands like Apple, Huawei, Pop Mart doing well. The rest all buay gan.

 

[sky1978]

I went Shanghai, Chengdu and all malls like 20% close down. Except the pedestrian street, the rest sibei quiet. Big brands like Apple, Huawei, Pop Mart doing well. The rest all buay gan.

Cushman Q3 2025 market report puts Shanghai retail vacancy at under 10%.

The 3 million SQM in the prime downtown area has a vacancy rate of around 5% while the remaining 22 million SQM has a higher vacancy rate of 10%.

https://assets.cushmanwakefield.com...inal.pdf?rev=685c039f4d5c49cf9c4f0c08cbc3200c

 

[Brandedclassicwear]

all industries, including shopping malls, have demand and supply. If e-commerce is doing well, online services like movies streaming, gaming, etc doing well, then naturally old shopping malls will suffer.

Nowadays, many Chinese people don't even go to supermarkets to buy groceries; they order on their apps and have them delivered free to their homes.

 

[peachmouse]

Cannot use China retail shop traffic to assess demand. Last year, I went Xi-an and saw that JNBY shops lack traffic. Then JNBY share price was $13.x HKD. Now, JNBY share price is $18.4

The Chinese brands may have significant portion of sales online or via e-commerce platform.

 

[homer123]

 

[peachmouse]

An interesting video from CNA:

 

[elvintay07]

To be honest, I agree and disagree with Master Leong.

(1) I agree Hk market is cheap with great valuation
(2) I disagree that US is expensive. If the parrots YouTuber are harping that S&P500 is above all time high P/E, they are using their ass to think
(3) Because if US stocks are high in P/E at 26-30, then Singapore stocks like PropNex, Sheng Siong and even ST engineering are like coach bags selling at Hermes prices. Their PE today is also about 26. Don’t tell me Sheng Siong can expand faster than Google. Or PropNex CEO more powerful than Mark Zuckerberg. lol

 

[homer123]

 

[Jirachi]

Not sure. But I added JD recently. But it is a Risk Reversal.

I am like asking for it to drag my returns since Chinese stocks are cyclical.

 

[elvintay07]

Not sure. But I added JD recently. But it is a Risk Reversal.

I am like asking for it to drag my returns since Chinese stocks are cyclical.

I think Chagee got more potential than JD. But 1 difference about China stock is need to trim 50% valuation for the political risk.

 

[Jirachi]

I think Chagee got more potential than JD. But 1 difference about China stock is need to trim 50% valuation for the political risk.

I agree with you

 

[homer123]

ML Top pick

 

[weng0202]

ML Top pick

Link reit is B grade reit right? So it will always be valued lower than it's book price.

 

[homer123]

Link reit is B grade reit right? So it will always be valued lower than it's book price.

Link reit is the largest reit in Asia until CICT overtook it this year. All property companies in HK have low PB because I suspect their assets are not marked to market despite suffering the biggest crash as big as Japan bubble in the 90s. However, ML is simple minded gongkia who only know how to look at a few financial metrics to evaluate his stock picks

 

[DevilPlate]

Link reit is the largest reit in Asia until CICT overtook it this year. All property companies in HK have low PB because I suspect their assets are not marked to market despite suffering the biggest crash as big as Japan bubble in the 90s

My CFA underperform CLR.
Link reit must be the culprit lol