I begin to feel worry about the level of HSI, it rise so rapidly recently, and the P/E rise to about 17 times. Although it is not as high as historical record in 97 and 00, I guess it will happen a big cool down just like Mar this year in the coming few months. I think economic is still growing steadily and I can't see recession will happen. I am looking forward for those half-year financial announcement which the company's accounting period end up on December in the following two months. These will see the results whether are able to support rapid growth of HSI.
yesterday one of my holding stocks (345) announces its annual financial result, which has no surprise that it achieves the same level of profit as 2006. I foresee that this stock will grow next year as the market of China and Australia are growing quite rapidly and so increase the proportion of revenue as a whole.

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