Consider this view to round the thinking..still a volatile now a days..
http://www.time.com/time/magazine/article/0,9171,1844547,00.html
Monday, Aug. 03, 2009
China's Soaring Stocks Pose Risk to Global Markets
By Cesar Bacani / Hong Kong
For a while there, it looked like the doomsayers would be proved right. On July
29, the Shanghai Composite Index lost as much as 7.7% of its value before
ending the day down 5% on record-breaking trading volume of $43.3 billion.
The sell-off was the largest one-day decline in Chinese stocks in eight months,
and set off panic purging in Hong Kong, where the Hang Seng Index lost 2.4%.
Even the U.S. got dinged, with the Dow Jones Industrial Average ending the day
off by 26 points.
It was a false alarm.
Rumors had swept the trading floor that China was going to tighten money
supply. That night, the central bank reaffirmed its loose monetary policy that
is meant to support economic growth and pledged to refrain from imposing loan
quotas to control bank lending. The next day, the Chinese banks that were said
to be cutting back on credit denied they would do so. On July 31, the Shanghai
index rebounded 2.7%, the biggest rise in two months; China stocks in July rose
15%, the largest monthly gain since 2007. (See pictures of China's
infrastructure boom.) .................. end of quote...
(click link to see complete article)
________________________________
From: Elaine Sui <elainesu...@gmail.com>
To: obrolan-bandar@yahoogroups.com
Sent: Wednesday, August 5, 2009 11:01:50 PM
Subject: Re: [ob] skenario besok kamis 6 agustus..?
FY09 = 2100-2300 at current IDR. Very conservative valuation.
Elaine
