388 is HK Exchange & Clearing (i.e. the stock exchange itself).
got it. in which case i agree! good long term bet.
yeah but you could say that about most things in the past year!
Not quite that wild - the peak to trough swing there is about 7 times to low point. Even HSBC was only 5 times, and most non-banking stocks only 2-3 times.
HSBC used to my my favourite stock, too, but now they cut the dividend as the EPS is diluted by all the new shares issed. They were giving around $5-6 per year, which was amazing. Now, it will be $2-3 per year. If you want a high-dividend bank stock, go for 0011 (Hang Send Bank, around $6 per year on a stock at 115 now).
But for people who want to invest but have no idea what to do, I always recommend the HSI tracking fund 2800. It tracks the index, and gives dividends, too!
Wherever there is risk, there is chance.
Btw, I also rely on those local stock commentators, especially the one called Alex Wong, he's great