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Bullish with HSI target 24,000 in 2009
US floods with money, China follows, so is the world !
Hot money double long HK market;
China's hot money starts pouring it. very bullish to HK asset market.
Expectation (Deflation -> Inflation) : Gold hits USD2,000 in 2011
Strategy
2009 : panic market -> focus on Beta.
2010 : normal market -> focus on Alpha.
Long H-share, gold and commodity, Short USD/HKD.
Speculate hot money target. Hong Kong real estate market.
Treynor-Black Model (anchor 2828 : ETF H-share) with portfolio monthly balancing
Trade Strategy
LONG 670 東航 speculate 2010 Expo
LONG 83 信和 for its focus on luxury apartment and its land reserves.
SWAP 2899 -> 1818, 2837
Focus
868 :commodity for auto industry.
2899, 1818 :explosion of Gold price in 2010 when inflation comes.
272 : appreciation of real estate.
2318 : huge growth potential.
2343 : cyclical stock - steady for recovery in 2010.
2837 : Taiwan stock market from China's policy.
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