The banks in China are still undervalued.......
If you have not heard the news, please read here
I think this is not the end of the stimulus but the beginning as the government is going all out to get the economy back ! Here , we can see that many companies are still suffering in the red with bankruptcies rate accelerating as well.
Time is of essence as the GDP target of 5% is important to meet for the government ! All eyes are watching on the CCP moves since the last few days.......
Let's wait for next week to see how the price pattern moves .........
I think this is not the end of the stimulus but the beginning as the government is going all out to get the economy back ! Here , we can see that many companies are still suffering in the red with bankruptcies rate accelerating as well.
Time is of essence as the GDP target of 5% is important to meet for the government ! All eyes are watching on the CCP moves since the last few days.......
Let's wait for next week to see how the price pattern moves .........
Nota
If one buys at the current support level, the dividends received will be around 7%.....so I may nibble some later. If it drops further, hopefully 8-9% dividends, I will continue to average down more. Nota
added more this morning
Aviso legal
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