Jpmorgan Chinese Investm... Share Discussion Threads

[nerja] 08/1/2008 13:31

www.h-l.co.uk/news_and_expert_views/online_investment_videos/view/schiessl.hl

Worth a look at

[hectorp] 07/1/2008 17:25

But Jim lives in China doesn't he? he may be biased.
Hopefully he is correct, which is going to support investment in funds such as this.
Surely that, will help the NAV to rise, but underlying, the market even in China should ease off a bit. Will that mean it will fall back though? shall we revisit the inverted V pattern trading of November? we are crucially poised, but we cannot tell.
PS interesting, that there was no fall today on the fund price, in spite of 200 point fall on Down on friday. That looks like potential outperformnace is lurking.

[nerja] 07/1/2008 17:07

Jan. 7 (Bloomberg) -- The U.S. economy is heading for a recession that may be the worst ``in a while'' and investors should sell the dollar as global currencies weaken, investor Jim Rogers said.

``It's going to be one of the worst recessions we've had in a while because we had so many excesses going into it,'' Rogers, chairman of New York-based Rogers Holdings, said in a Bloomberg Television interview today from Singapore. ``It's going to be bad for all of us as currencies come under more and more stress and we have more inflation in the world.''

The U.S. and U.K. governments have been ``lying'' about inflation, Rogers said, adding that he's selling their respective currencies.

The dollar dropped for a second straight year in 2007, falling 8.3 percent on a trade-weighted basis as the collapse of the U.S. subprime-mortgage market prompted the Federal Reserve to cut interest rates three times. Rising energy and food prices have pushed up inflation in Europe.

``I hope by the end of this year all of my assets will be out of the U.S. dollar,'' Rogers said. ``The dollar is a currency that's terribly flawed and it's going to be under duress for many years to come.''

Rogers said in a Nov. 15 interview that investors should sell the dollar and that he expects to be rid of all his U.S. currency assets this year. He reiterated today that he's also buying the Chinese yuan and the Swiss franc as other currencies weaken.

[hectorp] 06/1/2008 17:15

Fingers crossed for not too awful a night in the Far East.

[nerja] 06/1/2008 11:09

BEIJING (AFP) - Exports of Chinese toys rocketed in the first 10 months of last year despite a wave of high-profile recalls of products made by the Asian nation, state media said Sunday.

In the period from January to October, China shipped 7.1 billion dollars' worth of toys abroad, an increase of 20.1 percent from the same period a year earlier, the Xinhua news agency reported.

It compares to a growth rate of just over six percent in the corresponding period of 2006 from the preceding year, according to Xinhua.

Even exports to the United States, which has been rattled by a series of widely publicised recalls, rose 13.3 percent in the first 10 months of 2007 from a year earlier, Xinhua said.

China is the world's top toy exporter, selling 22 billion toys overseas in 2006, or 60 percent of the globe's total.

However, it came under embarrassing international pressure last year after millions of toys exported to the United States and Europe were found to have dangerous defects.

In one of the most high-profile cases, the US toy giant Mattel recalled 18 million toys amid concern over items made with toxic lead paints and magnets that posed a choking risk to children.

[nerja] 05/1/2008 16:13

igoe104, this fund is down from 160p, if you compare with JII set new intraday high yesterday, JMG set new intraday high yesterday and my present favorite JRS which is at a new high is going from strength to strength and my own choice to be best again this year.

[hectorp] 05/1/2008 13:18

Monday-Tuesday, after Friday's weak Dow, will be a test. Support seems to be at 124p levels.

[igoe104] 04/1/2008 19:42

This fund has held up well during poor market conditions, if markets improve this will move up to another level for sure.

[nerja] 04/1/2008 10:17

Hong kong up 2.35% china flat, JMC down????

[hectorp] 02/1/2008 15:52

sjt Happy New Year to you,
I cannt fault anyone selling in these tricky times. I'm going to hold onto my JMC's however. I strongly suspect, that Chia is being very heavilly talked down by the press . Actual figures and events, demand for metals for example, tell a quite positive story. It will be impossible to repeat the performance of 2007: however that's not neccessary .
THe currency play aspect of China Fund cannot be lightly relegated as an investment factor, as the action viz Sterling /Yuan and USD/Yuan in 2008 could amount to as much as 15%.

[nerja] 02/1/2008 12:03

BEIJING: China's tax revenue last year rose 31.4 per cent compared with the previous year to 4.94 trillion yuan ($676.4 billion), the State Administration of Taxation said on Tuesday.

That figure does not include revenue from customs duties, tax on contracts or arable land use taxes, it said in a brief statement on its Web site. It gave no further details.

The country's new corporate income tax law goes into effect on Jan 1, setting a unified rate of 25 per cent and ending decades of preferential rates for many foreign companies.

That measure is expected to hit tax revenue in the first years of its implementation, since domestic firms will pay less tax from that date, while foreign firms will see their lower rates phased out over time.

[simonjamesturner] 02/1/2008 10:23

Happy New Year Hectorp

My nerve went on this share on Monday and I sold out my holding. I know its only a quick 15% (bought the last batch at just under 120p a few weeks ago), but like you, I think there'll be some consolidation now. Its still on my radar though, and I will buy again if it gets below 125p. I'm still 40% in cash at the moment and may increase to 60% cash depending on how things look in the first few weeks of this year.

SJT

[hectorp] 01/1/2008 13:22

Of course Shangai can't repeat that figure in 2008.. many expect the opposite.
I suspect we could enter a period of chart consilidation for the coming weeks, maybe 120-140 range. Or,can the Fund beat a path out of this ? It will be very interesting.
Lets hear it for China and 2008.

[douggy b] 31/12/2007 17:02

Shanghai up 97% in 2007, Hong Kong 39%, FTSE up 4%, Dow 7%, Nikkei down 11%.

[hectorp] 31/12/2007 15:26

Yuan rallies even faster...

[hectorp] 29/12/2007 16:52

The ist week of the new year is crucial to getting the Fund price up and heading towards 180p again.

[hectorp] 26/12/2007 12:42

Far East markets rallied for a 4th consecutive day on 26th December.

[hectorp] 24/12/2007 13:30

The Olympics should add at least 0.25% to China's growth in 2008 as a one off factor.
What is very important also for us here is to keep watching industrial and technological prices of metals . They are able to give a lead into expectations for 2008 in all sorts of areas.

[igoe104] 24/12/2007 12:49

WITH it being a olympic year for china next year, it should add to chinese growth.

[hectorp] 24/12/2007 12:05

China looks stronger than the gainsayers are suggesting for 2008.
ANY rally or relief rally here has to be bought into strongly.

[hectorp] 23/12/2007 13:44

Yes, 140+ in a trading week I reckon-
- UBS expect world emerging markets to fall ONE perecent growth only in 2008 ( from 8% to 7%)
and we know China will certainly continue to grow at least 8% and up to 10%.
Against this the pound is falling even against the USD. The USD is falling against the Yuan, and the Yuan will raise rates to counter inflation and over-growth.
Even on some slowdown CHina has much! room to maneuvre on this .

[igoe104] 21/12/2007 17:22

This is starting to recover quickly as i thought, we need it now to push past £140 mark, then we will know we are back in business.

[nerja] 20/12/2007 08:41

Maybe holders will get a PROPOSED BONUS ISSUE, I am sure they will work to the holders benifit in some way. The £ now down to 14.673 yuan, support at 14.5 then it could go straight to 14.


China A-shares close sharply higher for 2nd day; large caps lead - UPDATE
Date : 20/12/2007 @ 07:50
Source : TFN


China A-shares close sharply higher for 2nd day; large caps lead - UPDATE




SHANGHAI (XFN-ASIA) - China A-shares closed sharply higher for a second day,
buoyed by large caps such as PetroChina, dealers said.
Property developers recovered from a weak start with COFCO Property (Group)
Co active after the company's board approved a stock option incentive plan.
Financial stocks gained for a third consecutive session, recouping their
losses after a more than 5 pct drop on Monday.
The benchmark Shanghai Composite Index closed up 101.75 points or 2.06 pct
at 5,043.54, extending the 2.18 pct gain from yesterday.
Turnover rose to 87.84 bln yuan from 86.41 in the previous session.
"The market extended yesterday's rally, helped by continued gains in
property developers and banks which had been severely hit by tightening measures
recently," said Zhu Liang, an analyst at Soochow Securities.
"There are no new major IPOs and investors also believe the authorities are
unlikely to issue drastic tightening policies before the end of the year," he
said.
Liquidity remained ample after unsuccessful applicants for China Pacific
Insurance (Group) IPO shares received their refunds earlier this week.
"The 2.6 pct fall on Monday drove down the Shanghai Composite Index to near
its November low of 4,778, but today's rise pushed it back beyond 5,000," said
Wang Sai, analyst at Wanguo Consulting.
"Buying enthusiasm increased after investors saw large caps leading the
market again after weakness in recent weeks."
PetroChina Co Ltd (SHA 601857; HK 0857) gained 3 pct to 30.50 yuan. The
company's parent China National Petroleum Corporation (CNPC) said it has agreed
to expand cooperation with Royal Dutch Shell.
China Petroleum & Chemical Corp (Sinopec) (SHA 600028; HK 0386; NYSE SNP)
advanced 1.47 yuan to 23.04.
COFCO Property (Group) Co Ltd (SZA 000031) surged 2.05 yuan or by the 10 pct
daily limit to 22.50, while Poly Real Estate Group Co Ltd (SHA 600048) gained
3.19 yuan to 61.50.
China Vanke Co Ltd (SZA 000002; SZB 200002) rose 0.58 yuan to 28.38.
China COSCO Holdings Co Ltd (SHA 601919; HK 1919) jumped 1.92 yuan to
41.68, after it projected 2007 net profit to exceed 18 bln yuan under Chinese
accounting standards.
Shenzhen Development Bank Co Ltd (SZA 000001) rose 0.98 yuan to 36.70. The
lender said its shareholders have approved plans to place 120 mln new A-shares
with Baosteel Group, parent of Baoshan Iron & Steel Co Ltd (SHA 600019), at
35.15 yuan per share.
Shanghai Pudong Development Bank Co Ltd (SHA 600000) gained 2.04 yuan to
49.41, and China Life Insurance Co Ltd (SHA 601628; HK 2628) rose 0.69 yuan to
57.32.
SAIC Motor Corp Ltd (SHA 600104) added 0.74 yuan to 25.59. The company's
parent Shanghai Automotive Industry Corp (SAIC), and Nanjing Automobile (Group)
Corp are expected to wind up talks on a planned merger and sign a final
agreement around the end of the year, the Beijing Times reported.
The Shanghai A-share Index rose 107.27 points or 2.07 pct to 5,292.40 and
the Shenzhen A-share Index was up 19.55 points or 1.39 pct at 1,426.13.
The FTSE/Xinhua China A 50 Index was up 366.59 points at 19,547.57 and the
FTSE/Xinhua China A 200 Index was up 245.47 points at 14,254.85.

(1 usd = 7.4 yuan)
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