yes 1398 is at an upward trend and for some very special reason which i'm not willing to elaborate here.....
there has been a huge amount of purchase these few days and this morning alone there has been a few million shares being bought at $4.7
it is a certain fact that it would become one of the components for the HSI and virutally all funds will have to increase their holding in this particular stock to keep their porfolio in proportion with the index
being the leading and no.1 national bank in china, it has nothing but a promising future ahead. it is rumoured that it's net profit last year was very promising and it has become one of the stocks which has attracted attention from major corporate and overseas investors.
so i think this price is an acceptable if you are willing to hold it for at least 6-12 months.
i don't think it's particular cheap at this time comparing to its listing price yet in a few years time, this price will be proven to be almost a joke (so low and such a buy which everyone ignored at this stage)
i've been accumulating this stock up till today and it does have tremendous potential
工商銀行係實力股, 跟本唔洗怕, 但係好奇怪點解之前跌到去4.6x 你唔買, 家下4.7先黎考慮買?
below $4 is acceptable
um...quite expensive lei!! i prefer 939! but i bought it at 3.3x!!! $4-$4.3 is ok la! but dont expect it will rise a lot in this year lor