$PING AN (02318.HK)$ the current price is already below valu...
$PING AN(02318.HK$ the current price is already below valuation with safety margin more than 20%. althought yet to lricr in non performing loan arisen from property sector, with size of PING ANN and their diversification of business, it is a worth buy given mid to long term horizon! apply averaging cost approach. drop more n buy seggregately!
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moomoozen : If there is no other systemic risk the price is attractive. There is fear in the market that It will be another AIG during subprime crisis. It will be a wild ride in coming months, either U make big bucks or lose big time…
Elvin Ng123OP : Yes there is risk involved and is depending on personal risk Management. The China MAS start releasing liquIdity today Via reverse purchase, which could be a sign that government is trying to prevent the sudden slump Due to the evergrande case. It could be the intention to let evergrande default but protecting market from huge fluctuation. WheTher this is a bear waking up or just a sudden flu, history will tell. INvest At own dilligence.
MY8868 Elvin Ng123OP: Hey man, from where can u Check there is reverse purchase by China government ? Can share how To get info? Thanks