Not vested
Fertile hedgeThursday, March 31, 2011
Hong Kong's richest man, Li Ka-shing, on Tuesday warned that the city will face stiff inflationary pressure this year.
To hedge against such a risk, you can buy hard assets, such as property. You may also try looking at good-quality stocks unlikely to be hurt by inflation.
Makers of
methanol and chemical fertilizers such as China Blue Chemical (3983) meet the mark.
Net profit in 2010
rose 19.4 percent year-on-year to 1.175 billion yuan (HK$1.39 billion). Goldman Sachs was disappointed. But Citigroup and Merrill Lynch remain bullish and have set a HK$7.80 target for the stock.
Future CBC schemes in Inner Mongolia and Shanxi along with the expansion of its DYK Phosphate project ensure steady earnings growth.
Many institutional investors are CBC shareholders. They include Commonwealth Bank of Australia with an 8.91 percent stake, Value Partners Group (9.01 percent), JPMorgan (10.77 percent), Merrill Lynch (6.95 percent) and Bank of America (5.64 percent).
CBC has eased 10 percent from February's all-time high of HK$7.17. Around HK$6.30, the pick looks alluring
http://thestandard.com.hk/news_detail.a ... 10331&fc=7
It's all about "how much you made when you were right" & "how little you lost when you were wrong"