Undoubtedly, China is the growing star of the next Financial Giant! With recent disposal of 4 % of shares by Tamasek, there is a huge drop in share price of HK 3.3 to HK 3.13 and now with the Europe's Financial Crisis re-emerged from the surface, it faces a heavy sell down the PANIC peoples. People who are far sighted e.g PING AN (02318) , CHINA LIFE (02628), Soros and Morgan Sze, a former global head of GSPS, had absorbs those shares!
Looking from the good side, coming > 5% dividends in June 2012. ( RMB 0.155) , the share price looks attractive!
Whether it will be able to sustain at current level still depend on sentiments in CHINA and EUROPE ( Greece, General elections... etc).
I am very sure in this company! why ? 5 star BLUE CHIP trading at PE of 6 and dividends of > 5 %! This fulfilled the criteria of GROWTH+ TIME+ AGAINST the ODD! ( almost new low again! ) Downturn is always a Chance for collecting!
Questions to ponder: when to collect to get the maximum gain?
For sure i can tell you , the BOC (3988) share prices will shoot up like no tomorrow.
IT is just the matter of TIME!
Waiting for reversal of market before entering...... FUll Green WEEKly bar
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