Jpmorgan Chinese Investm... Share Discussion Threads

[simonjamesturner] 05/11/2007 10:41

Big drop today. Any ideas guys?

[mrdavidfrost] 04/11/2007 21:45

yep..it's on bloomberg aswell...

[knowing] 04/11/2007 21:26

Could see a sell off in the Hang Seng

[apetley] 03/11/2007 07:43

I believe that next week Chinese mainland investors can invest directly in the Hong Kong market, when they do the index will be up once again as sales look well overdone to me.

[benchmark] 02/11/2007 15:45

Thanks for that. In the case of the Indian fund (JII) one can track the share price of the individual stocks in the fund on the Indian market ... gives an indication of how the JII share price is influenced by the movement of its constituents rather than by the vagaries of the market-makers in London. Not sure if one can track the Chinese stocks similarly?

[igoe104] 02/11/2007 15:31

Looks like china mobile is the companies biggest holding now.

Ten Largest Investments
JPMorgan Chinese Investment Trust
China Mobile 8.9
JF China Pioneer 'A' Share Fund 8.9
China Life Insurance 6.0
Cheung Kong 4.0
Hong Kong Exchanges and Clearing 3.8
China Construction Bank 3.8
Hon Hai Precision 3.3
China Merchants Bank 2.9
China COSCO 2.9
CNOOC 2.8
47.3

[igoe104] 02/11/2007 13:18

NO reason for the fall, the fund is now trading at 17p discount.

[knowing] 29/10/2007 10:23

Hang Seng Index surges nearly 4 per cent to new high

Oct 29, 2007, 8:40 GMT


Hong Kong - Hong Kong stocks surged nearly 4 per cent Monday to close at a new all-time high of 31,586.9 on expectations of a cut in US interest rates later this week.

The Hang Seng Index, which closed at above 30,000 for the first time on Friday, shot up by another 1,181.68 points to close at 31,586.9 in Monday trading.

Analysts said Friday's strong performance by Wall Street combined with the US Fedearl Reserve interest rate cut expectations were continuing to push stocks higher.

Turnover was 177.62 billion Hong Kong dollars.

[mrdavidfrost] 28/10/2007 22:54

Hi guys - does anyone know what the cap has to be for JMC to be promoted from fledge to small cap index?

[knowing] 26/10/2007 14:24

BEIJING, Oct. 26 (Xinhua) -- China's retail sales rose 15.9 percent year-on-year to 6.38 trillion yuan (851 billion U.S. dollars) in the first nine months despite soaring consumer price index, the National Bureau of Statistics said on Friday.

The growth rate of retail sales, a major gauge of consumer spending and an indicator of market movement, was 2.4 percentage points higher than the growth rate of the same period last year.

In September alone, retail sales expanded 17 percent year-on-year.

Analysts attributed the rise of retail sales to the increase of residents' disposable income as the income of both rural and urban residents rose more than 13 percent in the first nine months.

Retail sales in urban areas climbed 16.3 percent to 4.33 trillion yuan while in rural areas it increased 14.9 percent to reach 886 billion yuan.

Spending has contributed 37 percent to the GDP growth, but the proportion should be "still higher," said Zhuang Jian, senior economist with Asian Development Bank Resident Mission. (One U.S. dollars equals 7.48 yuan)

[benchmark] 26/10/2007 12:31

I agree ... I have added and am happy to stay here (as I am with Jii also)

[igoe104] 26/10/2007 12:18

Alot of this funds investments, will have billion pound caps. I sure this fund has alot more rising to do over the next 10 years.

[kingfast] 22/10/2007 16:33

15% discount to NAV. Need the right shoulder on this to get me out or better still a double top.

[kingfast] 19/10/2007 12:35

I've noticed that, hope it does bounce but the the chart is ominous, discount may widen, spot the buyer today.

[aldasoa] 19/10/2007 11:48

It seems that JMC and JII share prices are correlated. There have been falls on the Indian market, hence the drop in JII price, but some investors seem to have taken the opportunity to sell off JMC as well. It does mean that JMC currently has a very large discount to assets, as igoe104 has pointed out.

[igoe104] 19/10/2007 11:23

IT wont be long before this starts moving up again, its a 16p discount to the nav.

JPMORGAN CHINESE INVESTMENT TRUST PLC: 163.28

[apetley] 05/10/2007 08:09

Just been talking to a Thai broker friend of mine, I am on early retirement in Thailand, be happy for me.
He told me off in a friendly way for buying back into these this week.
Said wait to next week as China shares traditionally ease during their week long holiday this week.
Wish I had known that!
He said that the good news re US jobs and a bullish outlook in Asian stocks in general means we are set for a very good rest of the month.
Hope he is right.

[apetley] 03/10/2007 16:13

See the NAV has gone up nearly 5% the last day yet this is being marked down.
Irritatating as I upped my stake this week!
Still, on Bloomberg today they have been extolling Asian and particulary China related stocks.
Also anticipating big gaians after the Chinese holiday this week.

[nerja] 02/10/2007 20:17

Hectorp, if you look at this fund it only invest 31% in china itself, for me it has underperformed the china/hong kong markets, of late because the chinese govt seems to be allowing investment in hong kong from the mainland its playing catch up, it could well go to £2 by xmas and would be long overdue IMHO