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China intends on using up all unrenewable resources first.Why wouldn't it? Before making the costly move to renewable. Storing up insane amounts of coal and burning through them rapidly. Chinese reports are sketchy at best, so funny enough the best news comes from expats living within them. Great stories. China is bulking resources and commodities, burning through reserves to do so. They believe it's a worthwhile gamble while the rest of the world realizes how difficult a changeover to renewables is.
HKEX:1898
by fenditendi
Do we Really still need a Degree to earn a Living ?Yesterday, the 2nd day of CNY and we were celebrating with our friends here in SG. Around evening, we ordered food online but they failed to deliver the food to my friend's place. We contacted the HQ and they said after trying to reach the driver several times, they had no choice but to refund us the money. But the app said food has been picked up and DELIVERED but the latter was not true else we would not need to go out to buy food from a nearby mall. Anyway, I asked my friend and he explained this had happened a few times. Because these drivers earn by per trip so the more trips they made a day, the more they earned. Probably, the driver misjudged the distance and took my friend's order and decided not to deliver the food. We don't know but we hope he is fine. On my way home, I thought hard about this industry and can't help feeling amazed how a food delivery business can change the lives of so many people globally, especially in China. Read this article here . When you can make an average income of 7000 RMB per month if you really put in the long hours. Who will need a degree these days ? And with technology affecting so many parts of our lives, who is to say what trend will we be seeing in 3-5 years time let alone 10 years ?
HKEX:9988Long
by dchua1969
3
Are you doubling down on Tencent or freak out and sell ?Read article here One of the most frequent stock I was asked this week by my followers (sorry if I did not answer your PM as early as I wanted to). The way I look at it is like this - if you bought during June 2020 and hold till now, you probably see all your profits evaporated and hated yourself for not selling earlier. Yes and no. Yes because you could buy back now (assuming price stabilised at this support zone and PROVIDED you have the ability to fortell the market). If not, then do not be too hard on yourself. Nobody can time the market all the time and that is why when price becomes irrational and overselling is done by frenzy selling, it becomes an opportunity to value investors like us. That is if you hold a long term view of this company and believe in its growth story. In fact, I was looking at the paltry returns that my kids had in their bank accounts. After 10 years , it is miserable. So, I decided yesterday to open a new brokerage account and will start to buy fundamentally sound companies to invest and use this as a form of long term savings for them. Again, do not follow my style if you are not comfortable ,I am merely sharing what works for me in my circumstances. I do not know yours and will not advise if you should follow as well. So, please take it as a form of reference only . If this stock does move up to its previous peak price at 764, then at current price, it is more than 36% discount, which does not come by often. Short term volatility may still exist , not just for this China tech stock but the industry as a whole. Instead of worrying what else will the central government do next or when the market will truly bottom (I spent countless nights in the past trying to find the Holy Grail only to be disappointed), I prefer this method as it offers me time flexibility (no need to keep worrying if the price drops further) or constantly monitor the price. Hope this offers some form of help to those who are holding on to this stock and those who intend to get in.
HKEX:700Long
by dchua1969
Evergrande's electric car unit's shares tumble 26% after warningONG KONG, Sept 27 (Reuters) - Shares of China Evergrande's electric car unit 0708.HK plunged as much as 26% on Monday after it warned it faced an uncertain future unless it got a swift injection of cash and after it said it will not proceed with plans to issue RMB shares. The warning by China Evergrande New Energy Vehicle Group after the market closed on Friday was the clearest sign yet that the embattled property developer's 3333.HK liquidity crisis is worsening in other parts of its business. Shares of the electric car unit slid to as low as HK$1.66 in early trade before paring losses to fall 2.2%. China Evergrande's stock rose 5% to steady near the decade-low they made last week, while Evergrande dollar bonds were at distressed levels. In the broader market, concerns that a collapse at Evergrande could drive a global crisis have ebbed. "I think the markets have priced in that on the balance of probabilities, the shock and awe is over," said Kyle Rodda, analyst at brokerage IG Markets in Melbourne. "Markets are really just expecting from here on in, a company that is doomed to failure but one which won't be allowed to result in major risks within the Chinese financial system - or that (contagion) won't pervade global markets." Evergrande missed a payment deadline on a dollar bond last week and its silence on the matter has left global investors wondering if they will have to swallow large losses when a 30-day grace period ends. (Full Story)
HKEX:3333
by Qays_Kayson