Smart Money

Smart Money

Useful resources for families and their money

Monday, 25 February, 2013, 2:27am

Mainland stocks still look attractive

Mainland stocks are still attractive to investors. Photo: AP

The mainland's A shares are still among the most attractive in Asia-Pacific even after a strong rebound over the past three months, given their low valuations and big re-rating potential following key political conferences next month, according to Allianz Global Investors.

21 Feb 2013 - 6:07am

Real estate - safe as houses, or overblown balloon?

Real estate in Hong Kong - safe as houses, or overblown balloon? Photo: AFP

There has been a lot of talk about the housing market bubble in Hong Kong and that interest rates rises may precipitate a price collapse soon. I disagree and here's why.

18 Feb 2013 - 4:26am

Sinopec's share issuance puts faithful investors at disadvantage

Sinopec offered to sell HK$24 billion worth of new shares to a handful of privileged investors at a steep discount. Photo: Bloomberg

Shareholders' rights and interests often take a back seat in Hong Kong. And so it proved to be again when state-owned oil giant Sinopec shocked the market by offering to sell HK$24 billion worth of new shares to a handful of privileged investors at a steep discount.

17 Feb 2013 - 1:59am 2 comments

Year of the Snake is a year to buy gold

According to fung shui master Wong Man-chiu, gold will have an upward trend and people will buy the precious metal as a safe haven. Photo: Bloomberg

The Year of the Snake, according to fung shui master Wong Man-chiu, will continue to be a volatile year in both the macro economy and the stock and property markets.

12 Feb 2013 - 5:08am 1 comment

Beware of mixed economic signals

The Dow Jones index rose above 14,000 for the first time since 2007.

Investors should heed conflicting economic signals. If they had predicted last week where the next negative sign was coming from, many would have said Europe, which is unlikely to emerge from its debt woes without another mini-crisis or two. But it turned out to be the US, where the economy contracted 0.1 per cent in the December quarter, against market expectations of more than 1 per cent growth. Conflicting signals emerged by the end of the week, with revised figures showing the US economy added many more jobs than thought in the December quarter, sending the Dow Jones index above 14,000 for the first time since 2007.

4 Feb 2013 - 3:02am

New Year objectives

See how lucky your money will be in 2013. Photo: Dickson Lee

The week approaching the Lunar New Year seems like a good opportunity to go back to basics. This is a time for reflection and aspiration. Here, however, we must modestly confine our thoughts to the world of investment.

4 Feb 2013 - 4:37am

S&P sounds alarm on China's overinvestment

China may be exposed to the next economic shock. Photo: Bloomberg

"China has the highest investment-to-GDP ratio in the world - a downturn in its investment cycle would not only adversely affect its economy but also those of others, and global commodities prices," S&P said in a report yesterday.

1 Feb 2013 - 5:23am

Talking points

Leung Chun-ying

Lawmakers may say 'no thanks' to CY

30 Jan 2013 - 2:12am

Green economy cannot bloom without incentives

Green economy cannot bloom without incentives

According to new estimates, US$100 trillion is required by 2030 to finance infrastructure needs worldwide. This investment needs to be made greener - its design must rely on less carbon and fewer natural resources - if we are to avoid an unsustainable increase in global temperatures of 4 degrees Celsius or more in the coming decades.

29 Jan 2013 - 4:36am

Analysts warn investors over rush into bonds

Property developers rushed to take advantage of record low fundraising costs. Cheung Kong also joined the fray, raising US$500 million. Photo: Bloomberg

The investment tide has not yet turned from bonds to shares, but the change is not far off, say market watchers and analysts.

For the moment, however, investors continue to pile into Asian high-yield bonds in "surprising" numbers, although some fund managers say the trend is not expected to be sustained.

28 Jan 2013 - 4:37am

Lippo plans South Korean resort venture with casino giant Caesars

The rapper Psy and his hit Gangnam Style is the latest example of the growing popularity of South Korean culture. Photo: Reuters

Lippo, the Hong Kong-listed investment group, plans to team up with joint venture partners including the American casino giant Caesars Entertainment to build a resort complex in South Korea.

24 Jan 2013 - 4:58am

Buy shares, avoid property for higher returns: Edwin Leong

'King of shops' Edwin Leong

As a veteran investor in property, Edwin Leong Siu-hung has had his share of requests for investment tips in the property market.

24 Jan 2013 - 5:12am

Shifts in global demand must be co-ordinated

Illustration: Craig Stephens

Whether we like it or not, the world around us is in a state of constant change. But recent economic trends suggest that this change may be shifting its direction in a fundamental way.

23 Jan 2013 - 2:17am

China must invest abroad for food security, forum told

China is facing an explosive demand for proteins, which will put enormous pressure on the production of corn and soya beans. Photo: AFP

China must invest overseas to ensure its food security, said speakers at the recent Asian Financial Forum.

22 Jan 2013 - 4:12am