Meanwhile, my colleague Mark points out that the over-quoted so-called 'guru' Jim Rogers, who has for months and months been saying there is NO bubble in China has changed his mind. Today he decided there is after all a bubble in China and Hong Kong. But what is the one stock he thinks is not overvalued? He met Jack Ma and yadda yadda yadda....
This is a BLOG from Mark Cochrane of Business Strategies Group in Hong Kong. We've been keeping a close watch on B2B media and business information in Asia since 2000 and look forward to sharing insights with you.
Thursday, December 06, 2007
With friends like this....
Deustche Bank may have been one of the sponsors of the Ali-IPO but their initial coverage starting today with a "Sell" recommendation saw an 11.5% fall in the Alibaba share price to HK$32.90. This, on a day that the Hang Seng Index rose 0.75% to get back within a hair of the 30,000 level. DB is projecting a 'fair' value off HK$26.70.
Meanwhile, my colleague Mark points out that the over-quoted so-called 'guru' Jim Rogers, who has for months and months been saying there is NO bubble in China has changed his mind. Today he decided there is after all a bubble in China and Hong Kong. But what is the one stock he thinks is not overvalued? He met Jack Ma and yadda yadda yadda....
Meanwhile, my colleague Mark points out that the over-quoted so-called 'guru' Jim Rogers, who has for months and months been saying there is NO bubble in China has changed his mind. Today he decided there is after all a bubble in China and Hong Kong. But what is the one stock he thinks is not overvalued? He met Jack Ma and yadda yadda yadda....
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