Jpmorgan Chinese Investm... Share Discussion Threads

[igoe104] 31/5/2007 09:25

WORTH A READ.

[hectorp] 31/5/2007 07:58

Agree simonjt, most of the holdings of the trust look very strong mainstreams.

[simonjamesturner] 30/5/2007 20:19

Hectorp
Good to see you here too. I've topped up on this one today and am expecting to be able to topslice in a few days/weeks when it bounces. I am however keeping it as part of my core holding as I think the funds conservative approach should produce a lowish risk.
Time will tell

[hectorp] 30/5/2007 19:55

Ps with the US recovering, China should bounce overnight.

[hectorp] 30/5/2007 18:16

I realised this AM as soon as I read it that this 3X increase in share tax or stamp duty is good for Chinese Markets as it reduces the frothy dealings of the ordinary punter, in no way odes it impinge on the companies themselvves. So I went long the DOW when it opened down over 45 points.

I've placed this JMC on close watch. I'm still very hesitant about direct exposure to China!
Igoe thank you for mentioning it, as the discount could be very useful.

[gurp] 30/5/2007 16:19

igoe104 - 30 May'07 - 12:21 - 89 of 91
NAV HAS GONE UP FROM YESTERDAY

but the nav is at 29.5.07

[knowing] 30/5/2007 15:05

Stocks retreat after China market drop


NEW YORK (AP) - Wall Street retreated in early trading Wednesday as
investors around the world reacted to a plunge in China's stock market, and
awaited the release of minutes from the last Federal Reserve meeting.
The pullback in the U.S. wasn't seen as a surprise as stocks were perhaps
overdue for a consolidation after a strong run since the second half of 2006.
And the declines in Asian and European markets did not appear as dramatic as on
Feb. 27, when investors around the world recoiled at a 9 percent slide in the
Shanghai index.
The tumble in Chinese stocks rippled through the global markets. When
Beijing tripled a tax on stock trading to cool the country's market boom, the
main Shanghai Composite Index dropped 6.5 percent and the Shenzhen Composite
Index for China's smaller second market slid 7.2 percent.
Investors also retrenched ahead of the Fed minutes, which Wall Street hopes
will indicate that policy makers are leaning more toward a rate cut by the end
of the year than a rate hike. The minutes will be released at 2 p.m. EDT.
In the first hour of trading, the Dow Jones industrial average fell 52.25,
or 0.39 percent, to 13,469.09.
Broader stock indicators were also lower. The Standard & Poor's 500 index
was down 6.22, or 0.41 percent, at 1,511.89, and the Nasdaq composite index
dropped 16.31, or 0.63 percent, to 2,555.75.

[simonjamesturner] 30/5/2007 14:44

well much as I hate to follow the crowd, I'm joining you for 5000, can't argue with this discount.

[igoe104] 30/5/2007 12:21

NAV HAS GONE UP FROM YESTERDAY. can,t believe there is so many stupid sellers around, sure panic. i suppose i,m glad that there is so many of these sellers around, it have me a opportunity to top up.


JPMORGAN CHINESE INVESTMENT TRUST PLC: 106.34

[igoe104] 30/5/2007 11:18

yep its A GOOD thing knowing, it will help and cool the market. there is always going to corrections now and again, i look at is a good buying opportunity, when the market falls.

All this panic selling, is music to my ears, because things will be back as normal, this time next week.

[knowing] 30/5/2007 11:14

Major drop expected as Gov has increased stamp duty on share purchases.

[gurp] 30/5/2007 11:13

DD - Shanghai A index up 260% since beginning of 2006, jmc around 20% (approx as of y'day)
suspect many peops think the relationship is greater than it actually is - the difficulty for us of investing directly in China

m - that would be interesting (as couldbe thefact that the share price now at the base of the rising channel !)

[mangal] 30/5/2007 10:07

I read somewhere that the B shares which are currently not quoted on the Shanghai market may soon be made available to the Chinese public, who currently are starved of investment opportunities. Were that to happen, I imagine that funds such as JMC, who have a large chunk invested in B/H shares, would benefit considerably.

[igoe104] 30/5/2007 10:02

Worth a read.

Many expect communist leaders to do whatever it takes to keep share prices up and avoid a public backlash ahead of a key party meeting in late 2007, when new leadership posts are due to be decided, and the Summer Olympics in Beijing next year.

The stamp tax increase "is an early move, so that even if the markets correct soon, they still have time to stabilize or even improve before the party meeting in the fall," said Citigroup's Shen.

Economists say a fall in the markets should have little impact on China's economy, because growth is driven by exports. Also, households have much more money in savings than in shares.

[diogenes dottle] 30/5/2007 09:54

As I see it this fund's innate conservatism meant it was too cautious to reap the rewards of the China boom, although you have only to cf China 88 up 81.6% year to date (as of yesterday) to HK's meagre 0.9% to appreciate the reasons for such caution. Accordingly, punishment here might seem a little harsh.

[igoe104] 30/5/2007 09:49

Its just a sell off, because they have increased stamp duty on chinese stocks, trading, in china.
This kind of sell off, corrects itself, over the following week or so. and with the huge discount to the nav, strong buy in my eyes.

JPMORGAN CHINESE INVESTMENT TRUST PLC: 105.77

[mangal] 30/5/2007 09:40

Could be an opportunity to buy but how is this impacted by the Shanghai market?
Yes I know JMC does not invest directly in the Shanghai market but could the sentiment spill over to here.

[igoe104] 30/5/2007 09:01

Justed topped up, couldn,t hold back at this level, bargain.

[igoe104] 30/5/2007 08:53

17P DISCOUNT TO THE NAV NOW, unbelievable cheap stock, at this price.

[igoe104] 24/5/2007 13:31

ITS over 10p discount to the nav now.

[nerja] 23/5/2007 18:38

Manager has bought another 250k today.

[nerja] 22/5/2007 09:15

The fund manager bought 500k shares for treasury yesterday,

JP Morgan Chin It Treasury Stock


RNS Number:9900W
JPMorgan Chinese Inv Tst PLC
21 May 2007

STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN CHINESE INVESTMENT TRUST PLC

TREASURY STOCK

JPMorgan Chinese Investment Trust plc announces that today in the market, it
purchased into treasury 500,000 ordinary shares at 97.0 pence per share.

Following this repurchase the Company now holds a total of 500,000 shares in
treasury at an average size-weighted discount of 9.96%. The Company will only
re-issue shares held in treasury at a premium to net asset value.

The number of shares in issue less the total number of treasury shares is
74,962,001.


21st May 2007

[archambos] 22/5/2007 09:10

Despite all the sells yesterday, the share price is moving up nicely, has anyone got a theory on this ?

[rabain] 15/5/2007 14:58

cheers igoe, was fancying cashing this in this week on a bit of strength that should have materialised but hasn't.