Hey KABuzz ... or should it be KABoom??
Sometimes it's better not to tell everyone how good you are .... or worse still, how easy it is ... when in fact it isn't ... ?
2)
From todays HSI:
Hang Lung Properties, one of the city's top developers, 6.2 percent to 26.40. Henderson Land surged 5.6 percent Sun Hung Kai Properties 4.5 percent to 119.50. New World Development jumped 7.7 percent
3) I bought into property big time yesterday, over HK$400,000, cos its so predicatble what the HSI will do.A no brainer..
Its soooo easy to make money here, really.
"REALLY" ???
From HSI lunchtime closing prices today:
HSI 21085.51 down 781.43 (-3.57%)
Hang Lung Properties (0101) $23.90 down -$2.10 (-8.077%)
Henderson Land (0012) $51.30 down $2.80 (-5.176%)
Sun Hung Kai (0016) $110.00 down $6.40 (-5.498%)
New World Development (0017) $16.96 down $0.74 (-4.181%)
a few others to ponder:
Cheung Kong (0001) $101.90 down $3.70 (-3.504%)
Midland Realty (1200) $7.06 down $0.83 (-10.52%)
Sino Land (0083) $16.02 down $1.34 (-7.719%)
R&F Properties (2777) $16.50 down $1.26 (-7.095%)
Seems like anything to do with property is underperforming big time?
Given that Hang Lung, Henderson and SHK have all spent most of the morning trading at prices consderably lower than they traded for most of Tuesday, it would be fair to say that you are almost certainly well below cost already in those issues.
Unless, of course, you sold yesterday at their intraday highs??
Silly me - OF COURSE you did!!
Sheesh ........
It is entirely possible that property may have had it's run for this year already and simply be doing a repeat of the late 2005 scenario where prices fell 20% over the following 18 months? Who knows??
The point is, you most certainly
don't know and to try and make out like the current market is utterly predictable - "a no brainer" makes for some humerous reading to those of us who have been around a few decades
There is already evidence of falling prices in the NT ... they are often a reliable precurser of falls to come in other parts of HKG.
Here's a question for you KABoom ...
What do you think would happen to interest rates should the HKMA pull a swifty and decide to re-peg the HKD to, let's say, the yuan sometime in the next 12 months (assuming it became fully convertible), or a basket of other more stable free floating currencies?
Now I don't fully expect they will; but if you have done your homework, you will have seen that the old re-peg talk has resurfaced (as it does periodically). I doubt very much that we would continue to enjoy the current somewhat bizzare situation of high inflation being fuelled by low interest rates should a change to the peg occur. It's a fair bet that we would see an unwinding in the property market that would be spectacular to watch (assuming you weren't vested).
Property is at an 11 year high in most parts of Hong Kong and while there are good returns available on rent etc, that situation may well not last forever. In fact, from my experience here over a considerable period, it almost certainly will not.
A good time to be buying property stocks?? Not in my opinion ... it's a sector with far too many unknown variables that could play out in numerous different ways over the next 6 months.
The whole point is:
I really don't know and nor do you ... and it most certainly isn't a "no brainer"! The stock market is great investment over time ... but it's easy to get it wrong when you are speculating, which you clearly are.
404 Titan is right on the money!
(funny thing that
)