NO, I am not buying property stocks
It is a crazy China bull market run now and the index is continuing its rally day after day. One can get emotional and forget about the reasons for buying , choosing to base the buying criteria based on company fundamental and instead choose to go with the crowd.
I am still of the opinion that the property market in China has still a LONG way to recover and will not be buying properties nor invest in property-related stocks. Yes, rising tide lift all boats and we can see those companies on the verge of bankruptcy or weakening sales year after year, high debts and unprofitable are also jumping on the bandwagon and rally to the moon.
If you are trading for the short term and know clearly what you are doing, then it is fine. Please do not believe 100% what you read on the media, especially the China social media where they tell you people making 6 figures profits leveraging on their positions using options, margins or borrow money from friends/family to trade. This is purely speculation and super high risks.
My humble advice is to stay out and not let GREED nor FEAR enter the market UNLESS you know what you are doing. I have always said invest/trade with money that you can afford to lose. Don't let your emotions get the better of you.....
You have been warned......
I am still of the opinion that the property market in China has still a LONG way to recover and will not be buying properties nor invest in property-related stocks. Yes, rising tide lift all boats and we can see those companies on the verge of bankruptcy or weakening sales year after year, high debts and unprofitable are also jumping on the bandwagon and rally to the moon.
If you are trading for the short term and know clearly what you are doing, then it is fine. Please do not believe 100% what you read on the media, especially the China social media where they tell you people making 6 figures profits leveraging on their positions using options, margins or borrow money from friends/family to trade. This is purely speculation and super high risks.
My humble advice is to stay out and not let GREED nor FEAR enter the market UNLESS you know what you are doing. I have always said invest/trade with money that you can afford to lose. Don't let your emotions get the better of you.....
You have been warned......
Note
a good proxy to know how the property market in China is doing......mainstream news want you to believe it has bottomed and scanty information about a particular month increase in retail sales of new properties......Imagine if listed companies are heavily in debt and need government support, how about those with lesser cashflow and unable to borrow more to tide over ? 
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