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Good posts again yesterday,what did the world ever do to deserve Trump.
Why can we not seem to get rational level headed Politicians anywhere in recent times,things must surely change for the better over the coming years.
GLA.
It is an uncertain world and nowhere more so than Hong Kong, for me this means a cloud hangs over the performance of the Pru. My position is that I would like to add to my small holding of Pru shares but will wait for a more settled picture. I have bought more MNG as a safe bet.
Trump doing anything remotely supportive of 'human rights' is a bit of a joke - anything to distract from the impeachment hearings (and give him some more China-bashing ammo). I think Carrie Lam will get the heave-ho before the year is out. There will probably be some (minor but sufficient) concessions to the protest movement and things will simmer down. I think the risk of China going in with force has probably passed too.
Meanwhile, it's good to see Pru back in reasonable health at £14.
Encouraging that the US signing of the Hong Kong Human Rights and Democracy Act of 2019 , along with another bill banning the sale of munitions to Hong Kong police, seems to have had no impact on Pru, despite its apparent inflamation of the trade war. China’s Ministry of Foreign Affairs said that the bill reveals "sinister intentions" towards China and Hong Kong. It doesn't, it aims to protect HKs special status, as per the agreement China signed with the UK. Deploying the PLA, as China did just before the district elections, reveals sinister intentions, even if it was just to help clear debris. Neil Wilson, chief market analyst at Markets.com, said: "Trump seems apt to bring discord where there was harmony", which inappropriately contorts the word harmony beyond recognition in order to fabricate an inversion of a Thatcher quote: worth it?
07:56, good post.
let us hope.
Thanks James. Let's hope the people on the island get their confidence and sense of unity back: it would be good for them, good for China, good for the world. And good for Pru too! Good luck.
BBD.Happy to support every word you posted and also done peacefully .I hope that continues and China behaves and doesn`t destroy their Golden Goose.
Astounding result from Hong Kong local elections, with Democrats taking virtually every district, even where young inexperienced candidates stood against supposedly safe incumbents. Chinese propaganda about terrorism has been exposed as utterly deceitful and Carrie Lam's already shaky authority has been eviscerated. Not sure what happens next, but the people have spoken, loud and clear.
Thanks I've reached the same conclusion and will look to add in the next couple of months.
You can trade out if you want but Pru is quite volatile with 2-3% daily changes common....some will be lucky in their timing others won’t be.
Me. I have a long term view and will be holding.
With the issues in Hong Kong hanging over us I am starting to think that it may be a time to sell and perhaps buy back in Jan '20 if the picture has improved. What's the view on this?
CEO Mike Wells interviewed on CNBC yesterday, indicated impact from HK disorder, especially on new business from mainland China but noted that much much of the business is recurring which is largely unaffected and good growth in other markets.
https://www.cnbc.com/video/2019/11/11/our-business-in-hong-kong-is-highly-highly-resilient-prudential.html
I assume HK is the reason the share price is having some bad days. When will this all end. I guess will be next year and of course get the election done and hopefully some clarity!!!