The share price of Chinese concept stocks skyrocketed after the announcement of huge stimulus package which includes cheap funding for company to buyback shares. Such measure is unprecedented and hence market has reacted to the announcement positively. HSI index is trading around its historical 10-year PE now. If you have yet to jump into the bandwagon to catch the sharp rise of the Chinese stocks, it is better to wait for the market to pull ...
DAVIDJ94 : They have not read the rating with price target $109. Haha