China drafts new antitrust guideline to rein in tech giants, wiping US$102 billion from Alibaba, Tencent and Meituan stocks

https://www.scmp.com/business/china-busines...ein-tech-giants

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

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

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

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

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.

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.

ETFs are pretty cool. And I currently hold these ETFs on HKEX:

3173: invests in new economy stocks in Shanghai n Shenzhen exchanges. Companies you never hear about.

2804 : invests in Vietnam blue chips i. e Vin Group what else..

These 2 ETFs have given me 30-40% returns this year.. 😆 Definitely not bond like returns and I'm still holding

Another one is 3011. This invests in USD money market. I expect to get better returns than just keeping USD/HKD in broker account. Of course, in MYR terms, its bleeding as USD/HKD has fallen.But it is more as a portfolio insurance.. Just in case a black swan event happens, and USD shoots up like what happened in March this year.

Im expecting USD to decline as well.  But Black Swan is called that because it's not expected. So I keep some USD as insurance, just in case the unexpected happens.

Yeah bros,.... if not wanting to monitor and not wanting to learn,... then no doubt, ETFs are the way to go,... just like if not wanting to take risks with savings, go for FDs.

After having been in dividend ctrs for many years and currently holding at low prices, I have decided to go after growth tech cts in the NYSE and in the Nasdaq, bro,.. another reason that spurred me to go for growth ctrs is because I can't earn anymore interest from my USD Fixed deposits.

And another reason is because I reckon'ed that I am at a time in history when I feel it is right to capture such opportunities,... but this is jmho,... I am still trying to interpret the behaviour of the tech stocks,.... currently holding a few ctrs for observation,...

I also have HSBC shares and this has stopped paying out dividend for now. Converted over at a high too,... but this is what we have to tolerate if we wished to invest into different jurisdictions with different currency denominations, bros,... the most important thing is to be able to make conversions at very good rates, and of course, as in everything else, to be able to invest into the right ctrs.

I guessed nobody can predict the future, bro,... only thing we can do is to diversify our holdings. I said this to me clients who invest with me,... I invested into different asset classes in different parts of the world, thinking that, well,... my postion shld be strong enough. Couldn't be all the countries will drop at the same time together, right ?

Look what happened now.

Never mind, bro,... to cut a long story short,... since our native currency is the Ringgit, chances are higher that we will always benefit when we convert back into our Ringgit for us to use in this country.

So long as our politicians continue to bla,bla.bla,......... the ringgit will never strengthen and will continue to weaken for us to benefit when we change back to use in this ctry.

The most important thing is how to convert at very good rates and how to lay our hands onto the money. This is the kungfu.

If we are in SG, and are using the SGD as our native currency, then it's a different story altogether,...

The bear argument is that there will be much more bankruptcies coming next year than this year. This year a lot of businesses are surviving on their reserves and hope, but by next year, reality will set in and more businesses will close shop. The vaccines, even when it come, will not come in fast enough next year to make the economy as it was before covid-19. The world will go back to a deflationary n recessionary environment. The market will finally realize this and sells off. So it will be like 1929-30 Dow, market crashed then come back up strongly then started falling again 1 year later and continued to fall for years.

This is not my base case tho.. I'm positioned more for a strong 21 recovery esp in Asia/ Emerging Market equities and commodities. But it is something to consider.

I heard this during 2011,2013,2015 and 2018.....

2011 is the Italian and Greece debt crisis

2013 whole European debt crisis

2015 China financial system and banks collapse

2018 is another 10 years after 2008, some expert said it is coming.
The real bear was 2014 crude oil crash and this march us equity crash. It was selective and not really like affect whole market.

This is My personal pick for coming months and years, some sector will go deep bear while some sector willl benefited.

Stay away from bank stocks if one can.
Tech stock will still be leader but probably wont be as good as last few years due to very expensive and popular.
With the massive QE from central banks, commodity such as iron, soya bean, palm oil, rare material and even crude oil probably will come back as market spotlight soon.
This is just my opinion.....

anyone bought?!
HStech etfs also benefitted as they all have JD.com inside.

03033 +1.8% today, 8.07, nice.

You have any plans to scoop up Xiaomi today?

Haha, indeed baba and tencent are still the kings.
No, I don't invest directly in China, be they A-shares of H-shares. Corporate governance is a serious issue, even with blue chips, not to mention regulatory risks.

I leave it to funds to handle. At least they have far more negotiation rights than us "mini" retailers when things go south.

If you can read in traditional Chinese, this is something to note about Baba and those "secondary-listed" H-shares.

https://www.mpfinance.com/fin/instantf2.php...&issue=20210104

My fund is a mix of Chindia equities and Malaysia bonds, Eastspring Investments Asia Select Income Fund. I bought via FSM.

https://www.eastspring.com/my/funds-and-sol...s?fundcode=E017

The Chindia equity is invested via a SG mutual fund called Dragon Peacock Fund, also by Eastspring (so it's a fund-of-fund). The MY bonds are managed by the Malaysia Eastspring managers themselves.

https://www.eastspring.com/sg/funds/fund-pr...20%E2%80%93%20A

As for the Chinese article, Google translate will help you to some extent. I am not a good translator, nor a lawyer (consult lawyer Hansel if in doubt).

Here's my translated article:
Took an hour to finish haha. Forgive me for errors. (I am not a law or finance guy).