Chinese consumers - will they spend more now with the stimulus ?
Nobody knows until the next sets of data starts to roll in . With the upcoming Labour Day holidays, 1st Oct, it is reasonable to expect more Chinese will travel if not outbound , it will be inbound travel within the country. Hospitality , Food & Beverage sectors, entertainment, shopping malls should benefit from this holiday.
We can see from the weekly chart that there is strong support at the 11.48 price level and a very nice bullish candle rallying with the recent government stimulus. With the past three days of rally, will this be a long term breakout or like before, a short lived one? I am more optimistic than before and has accumulated many consumer stocks and this is one of them.
A place of gathering, family unions , friends party, etc - HDL is the place to go to with good service and numerous outlets to provide. I believe while waiting for its capital appreciation and one can still and collect 6% dividend is not a bad investment at all.......
What do you think ?
We can see from the weekly chart that there is strong support at the 11.48 price level and a very nice bullish candle rallying with the recent government stimulus. With the past three days of rally, will this be a long term breakout or like before, a short lived one? I am more optimistic than before and has accumulated many consumer stocks and this is one of them.
A place of gathering, family unions , friends party, etc - HDL is the place to go to with good service and numerous outlets to provide. I believe while waiting for its capital appreciation and one can still and collect 6% dividend is not a bad investment at all.......
What do you think ?
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