If u think from last year to now.. we had Trade War, HK unrest, Covid, all scary stuff. But tech stocks are still showing quite strong performance. Look at Tencent most recent quarter.

Of course, the share prices can be volatile, and if u are a good market timer, maybe can go in and out. I tried that, but I find that just sit still and top up a bit when there are dips are probably give better results with much less work and stress.

The key things here is market structure. Tencent is monopolistic-like in their pricing, and they have huge market power (like Alibaba, they build products branching out of their "ecosystem" exactly why Grab start off with less-profitable car-hailing then venture into fintech and other high margin stuff), only competitors with the scale as large as Alibaba can challenge it.

If the PRC government insists to break up the monopoly/duopoly/oligopoly, the resulting company will still lose its market power, not unlike what happened to Rockefeller and AT&T. These days, governments give too much leniency to tech firms, added with their low-cost business model, making them rising very fast and gaining huge market share. It's only time when break-ups will happen. (Of course also depends on political lobbying).

Don't be too naive to think quarterly result looks good. In fact the more profitable the company, this will arouse more suspicion from the top-level government officials. (Remember what happened to game addiction due to the frenzy over Honor of Kings?) You never know what will happen tomorrow, more so in communist China. It's certainly not the CCP's wish to see extreme inequality in the society.

Profits don't simple arise in economics. If producing something is profitable, someone else would enter into the business and cut the margin. This is not happening in oligopolistic and monopolistic market, which is I believe what the CCP is looking at.

I certainly agree with the sit-still and top-up when drop strategy, works well for long-term investors in their early phase of their financial goal.

This post has been edited by TOS: Nov 14 2020, 11:33 PM

thinking of queuing BABA at USD$250 or HKD$242. I wonder if this price can weather the storm if there's a market correction in Dec / Jan 2021.

I doubt big companies in china would prosper without the blessings of the top dogs in the ccp. Pretty sure tencent and baba are where they are today because of ccp

Then again in china companies always have to uphold the interest of the country rather than shareholders’.

Already western countries want to kill Huawei. CCP want to kill the like of Baba and Tencent? I don't think CCP so stupid. And tech is the future of their competition with USA for global leadership.

Having said that there are alwaus many bad possibilities in investing, that's called risk. But so far buying the dips have worked well for tech.

Anyways, I'm pretty diversified when it comes to my exposure to China tech as I invest indirectly via ETFs only. 0829EA on Bursa and 3173 in HK. Combined, that's about 370 Chinesenee economy companies (not all tech though) in HK, US ADRs, Shanghai and Shenzen.

Anyone here bought Hang Seng Bank's stock? It's long regarded as the yield darling apart form its parent HSBC. Now we have this:

https://www.mpfinance.com/fin/instantf2.php...&issue=20201116

Competition between virtual banks and brick-and-mortar banks are heating up! But unless they raise their interest rate, it's hard to compete with virtual banks though. Polarbearz sicne you have HKID, have you tried out any virtual banks in HK yet?

Of course they won't kill. But there is a chance that they will split things up.

Nice exposure via ETFs.

You ping-Ed the wrong person

So far I hasn't explored virtual banks yet - mainly because HSBC is meeting my needs so far (with their recent fee waiver / minimum balance waiver since last year), plus it links to my HSBC Malaysia account

How much interest does HSBC pay you? 0.001% p.a.?

Not sure if you know virtual banks pay you 1% p.a.?

Maybe you are large customer, if so might need to retain large sum of cash balance then entitled to some benefits. I remember need something like 250k for global transfers between all HSBC accounts around the world. If so, then it's fine.

if only they open up virtual banks to non-HK residents.

Actually I'm not even sure about HSBC interest lol, but I recall it was close to zero

Back then I had to maintain 5000HKD inside the bank account to avoid below balance fee charges but decided it was worth the "opportunity cost" since its so damn hard to open an account in Hong Kong, aside from being there physically with valid passes / justifications.

On a monthly basis I was getting about HKD 0.50 interest on approx ~5100 HKD balance. So I'm guessing approx 0.0012% per annum. Didn't bothered much as interest wasn't my main reason of keeping the account.

Now that they've removed the below balance fee I moved all my funds out to investments and use it purely as transit bank for funding HKD into my IBKR account

Also according to HSBC HK's standard I'm basically a tiny (or non existent) customer. From HSBC HK I cannot see my Malaysia accounts.
In Malaysia I'm HSBC Advance customer (Perks@Work) hence my account is automatically linked to global counterparts and I can see my HK balance from Malaysia. Tho, not much usage for me tbh. HSBC Bank in general is my global bank (since they have presence almost everywhere) and that's about it.

This post has been edited by polarzbearz: Nov 20 2020, 12:02 PM

Since you are not for interest that's fine then.

I personally find virtual banks good for making money out of idle funds. 1% versus 0.00 something percent is 1000 times higher, and close to market risk-free rate (10-year UST yields 0.8-0.9% p.a.), so it's very appealing for me.

Bros,... another Tech ETF launched in SG :_

https://secure.fundsupermart.com/fsm/articl...gest-hkex-tech-

Are you buying that?

looks good too... very much like HSTech ETF 03033.

which closed HKD8.02 today... about SGD1.38.

Same as 3067 IsharesHSTech

there are already several.
http://www.aastocks.com/en/stocks/etf/sear...0&o=1&u=HSTI001

yeah, pretty similar in terms of components, diff in capitalization, popularity... from diff issuers.

Yes

Morning bros,... Afraid I'm not into ETFs. I just use ETFs to gauge mkt depths and to predict mkt movements. Emm,... ETF Returns are too low for me, bros,.. same like bond returns too. If I needed perfect safety,.. I'll go for SSBs and FDs.

But today,... FDs are too low too, and new issues of the SSBs have pitiful interest rates. So,... well,... it's REITs and dividend stocks for my income investments.

Thanks. Do you just buy for dividends or do you also buy stocks for capital appreciation (ie trading/investing)

quite true... ETFs are slow.

but is useful if u do not want to buy too many of the individuals.

this china tech etf's are interesting in that it has all the big tech in there - alibaba, tencent, xioami, meituan, jd.com, etc.

i bought 03033 at 7.70 3 months ago... today 8.0.8.... just +4.9% before other costs... looks just ok.