Friday, August 15, 2008

China Stocks Cheapest Level in Last 3 Years

China stocks are trading at levels last seen since 3 years ago. P/E in Shanghai is 19x compared with 20x in June 2005, and 26x for S&P 500. But you should still buy the same stocks in HK as they are only trading at 13x.

Start accumulating for the long term.

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