Quote:
Originally Posted by Jenkmister
Anyone doing international Value investing and care to share thoughts on China and/or Chinese companies? China has a huge surplus balance of trade, is buying oil - gas properties/companies worldwide, is now marketing rigs and all sorts of equipment to all parts of the world. So am going to focus on trying to find Chinese companies with growing sales, growing earnings, and VALUE as believe in 20 years they will continue to dominate.
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I'm just beginning my research into Chinese companies as a growth play. I'm hoping for another bogus rally in the domestic market so I can wind down most of my positions and begin moving them abroad, as I'm convinced that the domestic market is going to be hurting for years to come, and the dollar will continue to be worth less (I'm not fooled by the recent dollar rally, but rather using it as a chance to get out of mine). I'm planning to put about 10% of my cash into gold, 65% into high-yielding foreign utilities, tankers and mining companies with good balance sheets and low valuations. The remainder will go into Asian growth companies like China Medical Technologies (CMED), but I plan to sit on the cash for a little while since stocks everywhere still seem to be falling.
Mike