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Pans and pots businessIf you have been to a Chinese family in China for dinner, you will know that it looks more like a banquet than anything else. They stack up the dishes and cover up the whole table that you have problem trying to think which food to eat. Such is the hospitality and warmth of welcoming guests in the family ! But no amount of food can be prepared without pots, pans and other kitchen appliances. And in China, this is a growing business as evidenced by this company. While I am already vested in Midea, another appliances company, their differences lies in the scope of business products and channel sales. So, why not invest in both if they meet my criteria? Please do your own due diligence and invest only money you can afford to lose.
SZSE:002032Long
by dchua1969
Gree is strong amid weak market, buy the dip!(China market)Gree is world's largest residential air-conditioner manufacturer, headquartered in southern part of China. Personally, I've traded this stock since 2012( Familiarity bias ). Look at the the weekly chart, it never firmed closed below the long-term MA since 2016. On daily, it seems the consolidation was completed. I sold part of my position around 69 several weeks ago but bought back around 61 and 58. Now, I'm bullish. My targets are 66 and 69 respectively. Be careful to mange the position. China market is a bit weak recently, due to the US10Y yield surge and strong dollar. I remembered stock and bond markets of Turkey got hit a few years back when US monetary policy started to tighten and dollar index began to rally! It's a cycle which have been repeated a lot of times. This is no 'this time is different' moment. Be careful if you have positions in the emerging markets.
SZSE:000651Long
by JICPT
2
Moutai on the way to retest 1800 key levelKweichow Moutai is China's most valuable firm outside of the tech industry. It's like the barometer of the market. When Moutai is up, the broad Chinese index will very likely be up. After Chinese New Year, Moutai has been down almost 30% and likely further drop to key level of 1800 where we get several reasons to buy, e.g. flip & demand zone. The attractive price for me is 1500, though I don't know if market will give me the opportunity. With a robust 20%+ yoy growth and room to increase its price, I'm very bullish on Moutai.
SSE:600519Short
by JICPT
Beauty, Luxury and Health - all in one stockIn a country where drinking spirits like Moutai and beer is common, wine consumption is registering strong growth , especially amongst the Tier 1 cities of China (Beijing, Shanghai and Guangzhou). Unlike the western countries, drinking wine in China is more for beauty rather than a social norm. And women, not the men are the main target market. In other parts of China, like the rural areas, few or nobody consume wine , favoring over their local beer or spirits. As the middle income group grow in China, they are also becoming more health conscious. In festive season like the Chinese New Year, more families especially the younger, educated who probably had studied a few years abroad like Australia, US or Europe would introduce the habit of drinking wine to the family and friends. Like many luxury products, the more exquisite is the packaging , the more they like. Because of the lack of knowledge in this wine segment, words of mouth recommendation becomes an important source of purchase. And sadly, local winery tends to lose out to the imported ones from Australia, France and Spain. Chart wise, we see that the price action has broken out of the long term bearish trend since 2011. So long the price stays above 30 dollars, I think the chances of it returning to the bullish trend is quite high. At current price, I think it is quite a steal to get into this company with increasing revenue, low debts and huge potential ! DYODD
SZSE:000869Long
by dchua1969
2