Heard the 10am package is not fantastic, so no hurry to chase
Updated
Hmmm, was expecting some sort of fireworks this morning, a little disappointed......who knows after 10am when they released the news. But I heard it is not so great, so analysts may provide more take profits call, selling while many retail investors in China (1st day returning to work after the Golden Week) have yet to get their account open.
I am already vested in this Bank and earning good dividends since 2022 though the price has fallen quite a bit then.
No need to FOMO and waste your bullets.......
Please DYODD
I am already vested in this Bank and earning good dividends since 2022 though the price has fallen quite a bit then.
No need to FOMO and waste your bullets.......
Please DYODD
Note
added some this morningTrade active
a follower asked how long will this consolidation last ? Answer - I dunno. See, now that the measures introduced by the government has a lot of bearings on these state owned banks. Their lending efforts are boosted by the cheap interest loans so that they can lend more to the private companies. But, the concerns are the consumers ain't spending as much, resulting in lower revenues and thus holding these companies to expand, thus not so keen to borrow money to expand or maybe expand at a slower rate. A vicious cycle, I must say........
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