Cheh...

So what price you queue now?

I jump in with u. Q at 2.2 

Boon asked me not to play kfc ah .... So I buy lower lo 

Your dream may come true .... Lau sai already 2.75

This is true, but if a stock is overvalued, it tends to move towards FV, likewise, undervalued stock tends to move up towards FV. So FV is the closest benchmark

China shares drop over 1% as banks hit by weak data

BEIJING: China shares fell sharply on Tuesday as the banking sector took a beating after data showed the country's money supply grew at its slowest pace in more than a decade.

The Shanghai Composite Index ended down 1.4 percent at 2,101.60 points. The CSI300 of the leading Shanghai and Shenzhen A-share listings lost 1.7 percent.

The CSI300 banking subindex fell 2.3 percent after statistics showed China's money supply grew at its weakest pace since 2001 and loan growth slowed in March.

http://www.thestar.com.my/Business/Busines...t-by-weak-data/

China bank is also like a rubber band stretched too far already... but this one not the price but the NPL... 

Like Boon say.. waiting when want to snap only... 

I remember.... reading recently a report saying the banks were selling under its cash per share value....



I wonder why....

The NPL they let you see is just the tip of the ice berg... a lot of NPL is off the books one in china.. like lehman minibonds. Already got a few default, but still the government cover up... when want burst only. 

Nah new one... how they repackage these toxic loans....

If so long ..... what does it mean?

There was once a super power country froma  poor country suddenly become wealthy due to industrial might... everybody thought they are invincible... economy was good, property market rise at unprecedented pace, then follow by stock market, everyone was rich... it was happy times indeed.

Sounds like china now? But it has happened in history before... guess which country is this..

Not directly comparable yes, but some downturns can last several decades, you will first die before you can manage to breakeven... 

Will China's one-child policy ultimately lead to deflation 
On top of that, pollution is serious. PRC may need to spend more on medical bills, and therefore have less cash for other things.

Gark, what is the easiest way to calculate fair value for a stock?

I believe he has a huge Excel sheet with all the formulas and variables, ready to plug and play. Now, the easiest way is to hack his PC 

Nope dont believe in excel and all those formula.. evaluating Fv is like evaluating fine wine.. via taste, smell and experience. 

Coma jor lah.. no need everyday see...