Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Im scooping up the china plays now. Finally pulling the trigger.CKGT CCME LIWA etc etc.Value in china plays is starting to get recognition.http://www.bloomberg.com/apps/news?pid=20601057&sid=adcyXQRq9pnM
Morgan Stanley Sees ‘Value’ in Emerging-Market Stocks (Update1)
Share Business ExchangeTwitterFacebook| Email | Print | A A A By Shiyin Chen
May 20 (Bloomberg) -- Emerging-market and Asian shares are offering “significant value” after Europe’s sovereign-debt crisis prompted a selloff, Morgan Stanley said.
The MSCI Emerging Markets Index’s forward price-earnings ratio is 15 percent below the “long-run” average, Jonathan Garner, Morgan Stanley’s chief Asian and emerging-market strategist, wrote in a report yesterday. He upgraded Turkish shares to “equal-weight” from “underweight” and downgraded Malaysia and Thailand to “equal-weight” from “overweight.”
The MSCI gauge has dropped 13 percent from this year’s high set on April 15 on concern austerity measures from debt-laden European nations such as Greece will hurt the global economic recovery. The index is valued at about 11.5 times estimated earnings, compared with a high of as much as 16.7 times in December, according to data tracked by Bloomberg.
“The travails of the Eurozone have led to significant value reappearing in Asian and emerging-market equities,” Garner wrote. “The second half will be characterized by a resumption in the bull trend in Asia and emerging markets and, in particular, by a stronger performance from Chinese equities.”
He initiated coverage of Colombia with an “equal-weight” recommendation.
Chinese stocks are the world’s fourth-worst performers this year, with the Shanghai Composite Index having dropped 21 percent as the People’s Bank of China raised lenders’ reserve requirements three times and the government stepped up curbs on property speculation. The MSCI China Index, tracking mostly Hong Kong-traded stocks, has lost 11 percent.
‘Evident’ Value
“Value is evident, in our view, in both China A shares and MSCI China as the pressure of the tightening measures and concerns over inflation caused a de-rating of the P/E multiple,” Garner wrote. He maintained his “overweight” rating on Chinese shares, citing expectations of “a soft landing in the economy in the second half.”
China can wait until the second half of 2010 or next year to raise interest rates as the nation’s economic growth is expected to slow, the Beijing-based China Securities Journal said today in an editorial on its front page. Economic growth may slow to 10 percent in the second quarter, 9 percent in the third and 8 percent in the fourth, the newspaper said, citing unidentified economists.
Less Attractive
Malaysian shares are less attractive, based on both the dividend yield and historical price-to-earnings multiple, Morgan Stanley said. The benchmark FTSE Bursa Malaysia KLCI Index has gained 2.5 percent this year, compared with the 7.9 percent decline in MSCI’s index of 22 developing nations.
Thai shares were downgraded because of their valuations and the highest political risk ranking within the brokerage’s emerging-market model, as clashes between anti-government protestors and troops escalated over the past six weeks, according to the report. Even after a forced surrender of the demonstrators yesterday, mobs continued to burn banks, shopping malls and the stock exchange.
To contact the reporter on this story: Shiyin Chen in Singapore at schen37@bloomberg.net
Last Updated: May 19, 2010 22:16 EDT
http://www.bloomberg.com/apps/news?pid=20601057&sid=adcyXQRq9pnM
As they say on Yahoo!, "MARK THIS POST". I'll come back to it at the eoy when CKGT is $3+ ....awesome
All things are irrelevant. The only thing that matters is speculation.
CKGT Higher taxes and higher share count? I wouldnt think this would be such a huge negative. So many bargains today.Might add tomorrow too.
CKGT But wont the lower margins be more than compensated by the massive increase in sales outlets?
Today was an excellant time to pu csc stocks on the cheap. Today the csc markets capitulated which was the perfect time to get in.
CKGT added big time down here.weeeeee
BP ...................the way things seem to be going, it sort of feels like thier only dealings with BP is if they stop to fill up the truck on the way home.
Looks like this is THE big selloff where everyone dumps. Women and children gets dibs on the liferaft.
im already laughing now. Oh yeah , green today. LMAO
What do they have....like besides the owner.. one part time worker? Where will they get all this manpower from?
Pinks are unregulated. Who is going to slap thier hand and say "bad boy, no more stealing cookies for you?"
ACLH Come on over and enter the circus.You can sit over by Twinkle Toes, Jimmy Juggler,Vinny Ventriloquist and Minny Mime. This show is just getting started. Join the fun.
Feeding time.
Along with buying some ultra cheap China small caps im balancing my portfolio with EDZ.
Euro crumbling ,asia in decline, political turmoil, gold soaring...looks like EDZ will be the next big runner.
how's our little monsta doing. If it seems grumpy It might be its feeding time.
TIVO will be all over the map for awhile. huge short interest.macro economics also will pressure it lower. Its patents look solid. Great future ahead but short term could be rocky.
I guess since there isnt any BP contract they stick us with a partial interest in 2 crummy wells. Geeez
patent will hold up
There is simply no issue before the Appeals court as to whether the verdict of infringement was correct, nor whether the subsequent design also constitutes infringement (it does). The appeal is over whether it is proper for the court to have found DISH in contempt and to have instituted penalties on the basis of this finding, in addition to the infringement ruling.
The questions before the Appeals Court all pertain (and only pertain) to the issue as to whether (or not) DISH--and any other company in a similar situation--is liable for contempt judgments for their misguided effort to re-infringe TIVO's--or any other valid patent-- patent with an altered device that serves same function at that which was found to be an infringement.
TIVO's patent victory over DISH is secure and cordoned off from this scrutiny regarding the imposition of contempt judgments and awards. And so are TIVO's future revenue streams from these patents secure against the present appeal.
looking good
Scottrade, Etrade Etc etc. sue them all including ACLH's transfer agent....norom
So with the r/s coming friday we book profits by then and for those so inclined they can reinvest after the selloff??
wow.will the contract come before this split?
Fine with me. I can wait.So when will we see a BP contract? If there isnt any contract why would anyone want to buy them out or even r/m?
well the sooner we get it behind us the better. Plenty of pros and cons on the subject. Maybe its best for everyone to drop the no r/s thingy so we can move on to better subjects..
Thank goodness ACLH has admitted to the r/s. now maybe the board can move on from here. No doubt the r/s will do everyone a lot of good.
WHERE HAVE I HEARD THAT BEFORE
Yep. All of them including the Greek bankers.They all just want to get in on the cheap.Cuz we is going KAPOW BABY TO DA MOON.
It must be a conspiracy put up by all the major brokerages against ACLH.
Great rally guys. This is where the money is to be made.KABOOM. up we go.
I knew it was all just one big conspiracy against ACLH. Those ugly shorters. They do nothing all day but bash our sweet little stock and skin innocent kittie kats, the brutes....meanies
Its only known by the men in black.
its not the charts lying im concerned with
i hope it does go higher...
???? no not really. if i wanted to do that i would wait a week and get some under .03 No BP PR but lots of other fluff filings and plenty of speculation combined with a generous amount of cheerleading.When people catch on they will blame the bashers and nothing fundamental to the company.