In the middle of the year I had spoken a lot about how cheap the china market was as it was selling for only 7 times earnings while the HK index was selling 11 times earnings, both seem very undervalued as compared to STI at 14 and US at 20 times earnings. An initial research report on 2823.HK by OCBC research also solidified my bet in this highly unpopular market. Coincidentally my bet on OCBC also turned out very well. 2823.HK has since made a super rally of 40% within just a short period of under 6 months!! With all the sudden hype and loosening of policies by the Central Government, the Shanghai composite now trades much higher at around 10 to 11 times earnings, kinda fairly priced already. I have since exited both my positions in OCBC and the China market as I wanted to ......