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Repeat of China crisis would hurt Thai investors


webfact

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Not mentioned is that many of those stocks had PE ratios of around 100. 15 is more like it. This is the first time that many Chinese people have been able to invest in a stock market and they seem to think that stocks always go up, so why pay attention to fundamentals?

The article didn't of course mention the massive real estate bubble including the empty ghost cities.

The article didn't mention the shadow banking system which is unregulated and may entail as much as 50% of all lending.

I don't know why anyone would invest one baht in China right now.

Cheers

We seem to operate as a global community and as such there should be a law preventing the Chinese government from blatantly manipulating the market in the manner they have its a total farce. How can their citizens trust such thievery. At least the big money boys in North America use more sophisticated methods to control the market. They stay under the political radar even though the politicians know what is going on.

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