Oct. 15 (Bloomberg) -- Hong Kong's most expensive stock market in three years looks cheap to investors at Templeton Asset Management Ltd. and Baring Asset Management Inc.
The Hang Seng Index, dominated by Chinese companies, traded at 19.2 times earnings last week, the highest since March 2004, after the benchmark rallied 41 percent since mid-August
``It's crazy to have that kind of a discount,'' said Mobius, who's buying Hong Kong-listed shares of Chinese energy companies, banks and materials producers for the $45 billion he oversees from SingaporeRead more from here:
http://www.bloomberg.com/apps/news?pid=20602005&sid=acBKkWR3Z2JM&refer=world_indiceshttp://www.msn.com/
Thats looks crazy, China has been considered a high PE market but they said Hong Kong china-based company looks cheaper when compare to China. And there are 41 percents gain just within 2 months?
Once hang seng is over 30000 point i am going to sell some of my shares to maintain 50% cash 50% shares. ( or maybe lesser)
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