1.10BMarket Cap-91P/E (TTM)
0.024High0.023Low17.07MVolume0.023Open0.024Pre Close397.02KTurnover0.04%Turnover RatioLossP/E (Static)47.89BShares0.08152wk High-0.11P/B1.10BFloat Cap0.01752wk Low--Dividend TTM47.89BShs Float1135.404Historical High--Dividend LFY4.17%Amplitude0.017Historical Low0.023Avg Price1000Lot Size--Div YieldTTM--Div Yield LFY
GOME RETAIL Stock Forum
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https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
Well we all know that Evergrande debt saga has thrown the property developers in China into the limelight.
Non- Chinese Financial Media has been "slamming" that the China is going to undergo a big liquidity crisis triggered by the property markets. Shortly after Evergrande saga, Kaisa also reported potential liquidity issues. But we should know that there was once a SOE company default back in 2015/2016... During that time, China's stock market crashed badly with Shanghai and Shenzhen indexes suffered big haircut... I have produced a youtube video, of which the link is as follows:-
https://youtu.be/kk5cbPVjHeg
But this time round, the Chinese markets did not suffer and Renminbi did not depreciate. It even went on to appreciate strongly and head towards and breaching 6.4 going to 6.37 against USD... What a thing isnt it?
Now my prediction comes that China should come off unscathed... well at least China's funding still remains adequate and with vast foreign reserves and an appreciating RMB, China is doing well..
Whats more, with all the deleveraging that it has been doing for the past few years, US and Europe have been on liquidity "high" with lots of QE.. This has bought China alot of time and coming into last month of 2021 and heading into 2022, I saw a news that Premier Lee Keqiang of China has mentioned that there is a possibility for China to lower its rate!
This is a good news for businesses in China, particularly financials and even the hard tech and consumers. Whats more, I have also seen news that semiconductors firms are reducing the component prices for its buyers! Another good news for the Chinese hard tech manufactures, which sell products to the consumers.
Has Xiaomi truly bottomed out at 19 HKD? This is still pending to broad market conditions but I do think that as long as the support of 19 HKD can be supported, it can avoid a downleg and breaks back above 20 HKD... Even Haier Smarthome has been doing well this week, having broken above 30 HKD.
As always, the above should not be construed as any investment or trading advice.
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