Eveything is chaeper in UK. Insurance, fees, etc.
Malaysians are pigs for service slaughter.

What is this?

BTW thanks for the education on the China ETFs.

How long does it take from the withdrawal to your bank account ?

KWEB looks like a sick pup.

KWEB will be on drip soon at the rate it's going.

Down US$823 billion, China tech firm selloff may be far from over

(July 7): China’s technology giants have seen a combined US$823 billion wiped from their market value since a February peak, with Beijing’s expanding crackdown on the sector fueling investor concern that the selloff is far from over.

Authorities on Tuesday issued a sweeping warning to the nation’s biggest companies, vowing to tighten oversight of data security and overseas listings just days after Didi Global Inc’s contentious decision to go public in the US. That has put further selling pressure on China’s biggest technology names including Tencent Holdings Ltd, Alibaba Group Holding Ltd, JD.Com Inc, Baidu Inc and Meituan.

“The selling will continue in the third quarter,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. He says he sold two thirds of his technology stock holdings, including in Tencent and Alibaba, in May. “The measures from authorities will keep coming.”


The losses have come from 10 firms including three US-listed names. Didi’s ADRs fell 20% stateside on Tuesday, erasing about US$15 billion of its market value.



The Hang Seng Tech Index, whose members include many of China’s biggest tech companies, fell as much as 1.9% before paring losses to 0.6% Wednesday, marking its sixth consecutive day of declines.

Tencent slid 1.9%, among the biggest decliner on the Hang Seng Index. Alibaba dropped 1.7%, while Meituan fell 1.3%.

China’s sweeping warning Tuesday followed the opening of a security review by the nation’s internet regulator last week into Didi and a demand for app stores to remove it. The move stunned investors and industry executives and has hammered the Hong Kong shares of peers such as Tencent — one of Didi’s largest backers.

Investors worry that the latest security-based probes have opened a new front in President Xi Jinping’s broader campaign against China’s internet giants that began in November with the collapse of Ant Group Co’s mega IPO and subsequent antitrust investigations into Alibaba and Meituan.


Over the weekend, China moved against two other companies that also recently listed in New York — Full Truck Alliance Co and Kanzhun Ltd
Investors are likely to take “a sell first, talk later approach” to limit policy risks in their portfolio, said Justin Tang, the head of Asian research at United First Partners in Singapore. Stock prices are likely to be driven by near-term sentiment swings as opposed to company fundamentals, Jian Shi
Cortesi, a Zurich-based fund manager at GAM Investment Management, wrote in an email.

To be sure, valuations may start to look attractive. Tencent, Alibaba and Baidu Inc — among the earliest Chinese tech companies to enter public markets and the biggest, trade at an average of 22 times forecasted earnings over the next 12 months. That compares with the 10-year average of 26 times, according to data compiled by Bloomberg.

“In case the market sentiment goes into extreme pessimism and we see the Hang Seng Tech Index down 20% from here, it could be a rare opportunity to buy some fast-growing Chinese internet companies at extremely attractive prices,” GAM’s Jian Shi said.

The Hang Seng Tech Index is down 31% from its February high. Investors in mainland China, who accounted for about a third of turnover in Tencent shares this year, turned net sellers of the stock in June.

“While the long-term future of Chinese tech remains, it will be caveat emptor for investors in the near term,” said United First’s Tang.

Time to share:
i started investing through SA end FEb
To date in USD terms, returns is only TWR 3% and MWR 1.13%

This basically shows that in the last 5 months, the performance of SA 20% is almost 0.

The returns in MYR is wholely on the strengthening of the USD.

End.

My worry is the market is looking very toppish. Techincally, there seems to be a top here.
Yes, This is timing the market.

USD or MYR ?

In Sterling Pounds? Didn't realise SA is in GBP?

i did not realise SA is also denominated in GBP? i can only see USD in mine?

Don't understand this.

They don't ask about loan commitment. How would they know?

Cannot remember this.
Thanks

I do not think i was ever asked this question on my loan commitments.

What made you pump in a big lump sum in FEb 2021?

This does not sound good.

Is this a RED FLAG?

GLD down $70 in the last 2 trading days.

i have no short term forecast.

In the longer term, we may see the same thing happen as in 08/09 to 2011 with incessant QE.
Gold has always been a hedge. Let's see.

Have you?

In context, it corrected from $980 to $680 in 2008.

But $100 to $200 in a $1800 gold may not be a bad thing.

This post has been edited by prophetjul: Aug 9 2021, 03:04 PM

Since starting in March 2021 on 20% SA, my portfolio has finally gone into the red zone.
Looks like even the gains in Forex cannot cover the loss from the equities at this time.