By: La Papillion Below is the map of China. As my portfolio had quite a bit of exposure to China, I think I should put in a map of the different provinces of China for future references. These days, there are many reports by brokerage firms on S-shares. S-shares are Singapore listed China companies. As always, they have plenty of things to say about s-shares. With s-shares having superbly low PE below 10 (3 even!), there are reports saying some are value buys and some are never buys. When the bull is charging, reports of QDII funds coming delights these analyst, so target prices keeps shifting northwards. When the bear is charging, reports of possible frauds, unsustainable growth, poor governance (among other stuff) are cited to keep pushing the target prices downwards. The table above shows some of the s-shares with warning signs. It's taken from a report from JP morgan. Surprisingly, out of so many s-shares, none of them mentioned my beloved Hongguo. Read more...