Jpmorgan Chinese Investm... Share Discussion Threads

[markth] 04/1/2006 19:28

Yes 80p by the end of the week.

[grippa] 04/1/2006 17:48

Thanks for the article Mark...It also seems we have finally closed above previous recent resistence, so that should set up 80p-90p range from now. Lets hope so!!

[markth] 04/1/2006 15:20

Hello china-watchers. More good news for holders here, appreciation of the yuan will increase our NAV.

From the BBC:

Yuan rises to record dollar level

The US and others have long seen the yuan as undervalued
The yuan has risen to its highest level against the dollar as China allows private banks to have a greater say in setting the currency's value.
Although Beijing is still far from letting the yuan trade freely, it is now setting its core daily value from an average of quotes from 13 banks.

Analysts say Wednesday's move means the yuan is now more market-based and should slowly increase in value.

China has long been accused of deliberately undervaluing the yuan.

Slow-paced reform

The US has led the calls for yuan reform, saying China was keeping it artificially low to aid Chinese exports, which have surged over the last few years.

Although the yuan will now have a more realistic market value, Beijing will still only allow the currency to rise or fall by 0.3% a day against the dollar.

This fits in with China's repeated determination that it will liberalise the yuan at a slow pace, so as not to risk any destabilising effect.

In Wednesday trading, the yuan hit a record high of 8.0676 to the dollar.

"The new parity rate is more market-orientated as it is a summary from the market markers, though for the time being, it is still capped by the central bank's limit for the yuan's exchange rates," said a Shanghai-based dealer at a foreign bank.

Beijing is now using 13 banks, including foreign lenders Citigroup, HSBC, ABN Amro and Standard Chartered, to help it determine the daily core rate for the yuan.

These banks are now also able to carry out limited over-the-counter trading in the yuan for the first time, offering real-time quotes against a number of foreign currencies.

China last changed the value of the yuan in July last year, revaluing it upwards by 2.1%.

[grippa] 03/1/2006 14:23

Almost there!!!

[grippa] 29/12/2005 11:21

78p looking vulnerable...I hope we take it out...or its back down again!

[aldasoa] 07/12/2005 14:40

Indeed, I am watching as well and have a few k investment through my ISA.

[grippa] 05/12/2005 11:21

Approaching previous recent high of 78p...hopefully we can break through it!! Anyone still watching this one??

[markth] 03/11/2005 12:52

If it gets back past 68p I might get back in. It looks bottom-ish at the moment but is still trending down.

[temelco] 03/11/2005 12:46

Hm - British Bulls have them as a buy again - anbd top ten investments all look good ( nearly 39% of total)

[temelco] 05/10/2005 11:10

Quite like the top ten listed investments

[temelco] 03/10/2005 15:30

Nice uplift in NAV

[markth] 29/9/2005 23:14

The US is looking a wee bit dodgy. And there is also bad news on UK economic growth, and a kite being flown about higher taxes. Germany has a hung parliament. I am bearish on Western marekts for these reasons.

I am not sure how this will affect China. However I tend to the bearish view there too. So I am on the sidelines at the moment with no position. My instincts tell me there will be a further, better buying opportunity some time soon.

[markth] 29/9/2005 23:11

That sounds as if it was written by a Chinese....

[temelco] 29/9/2005 20:06

JP Morgan Fleming Chinese Investment Trust PLC
Daily Commentary


Our system posted a HOLD today. The previous BUY recommendation that was confirmed was made on 28.09.2005 (1) days ago, when the stock price was 70.7500. Since then JMC has gained 2.47% .

Have you bought this stock when the recent BUY signal was confirmed? If so, it is great. Just relax and wait.

What will you do now? Well, the HOLD tag says all that is to say. Keep on holding your stocks and do not bother yourself with any further buying or selling as long as the HOLD tag stays.


[MOTTO OF THE DAY]
Buying is easy but holding is hard
The winner is who holds them tight

[temelco] 29/9/2005 12:33

Gold star = Keep an especial eye on it. It could go up to 5 stars, but I think that would be a bit ambitious.
Did anyone see David Cameron launching his campaign? Most refreshing.

[markth] 29/9/2005 10:41

Yes last time they revalued the yuan, it coincided with a reduction in discount on this trust.

What does the little gold star mean temelco?

[grippa] 29/9/2005 10:36

Excellent...maybe its to do with the reminbi trading band being increased to plus or minus 3%

[temelco] 28/9/2005 18:49

British Bulls have them now a confirmed BUY with a little gold star

[markth] 28/9/2005 18:12

I agree, grippa.

[grippa] 28/9/2005 17:15

temelco...what do they say now?
I think we might have bottomed for the moment, and are headed upwards from here! Should go back up to previous highs and beyond. IMO

[temelco] 27/9/2005 22:34

I only just found out about British Bulls - right on the moeny with buys and sells for this stock.

[markth] 26/9/2005 10:49

Monkey business with the Level 2.

[temelco] 26/9/2005 10:19

Wh on earth sold 1 share????? At 68.5p as well!