Friday, April 17, 2015

It's Bubble O'clock on the HK Exchange!

Not to be mistaken with the HSI, the HKex is basically the Hong Kong version of our SGX.

The official quotes can be found on the HKex website itself, but I went over to look at Yahoo and Bloomberg to check out their ttm PE. Guess the ttm PE ratio!

64.

Holy shit batman.


In the past month, the stock has rocketed 62% based on.... fundamentals? Who knows?


The last time we saw a rocketship move like this was just prior to the last financial crisis. Looks like things didn't end too well last time.

I wonder how things will end up this time?

Of course, things are always different this time around.

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