Monday, January 24, 2011

A second fengshui viewpoint by CLSA

Separately, renowned Feng Shui Master Lee Shing-chak provided his fengshui views on the stock markets to a sell-out luncheon audience at CLSA. According to him, this will be a bouncy year for the market with no large rally or moneymaking
opportunities. Market will be weak in 1H, bottoming between May and August
and should rally thereafter. The best element this year is water which means movement. Thus, transport, logistic, and tourism sector will do well. The western direction is auspicious which means that entertainment, including
Macau gaming should also do well. He is also positive on gold which will go
up to USD 1,600 - 1,800 oz by the end of the year. The best entry point would
be mid-year. This is the year of metal which means that it is bad for the
wood element. Property and construction will not do well.

Stock suggestions (CLSA) for the sectors he likes:

Transport – Air China(753.HK), ChinaMerchants (144.HK), CathayPacific
Tourism – Ctrip, Homes Inn
Entertainment – Sands China(1928.HK), Wynn (1128.HK), SJM
Gold – Zhaojin (1818.HK)

Lucky number 7 & 1 stocks – Stocks above and: Yanzhou Coal (1171.HK), New
World Development (17.HK), Tencent (700.HK), Cheung Kong (1 HK), Want Want
(151.HK), PetroChina (857.HK), China Telecom (728.HK)

Master Lee’s track record last year was good. Last year, he predicted the
Korean crisis. He liked gold, oil, internet, and technology sectors which
all performed well.

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