Chinese valuations now approaching bubble levels

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Chinese share valuations look to be approaching bubble levels, with certain analysts currently descr...

Chinese share valuations look to be approaching bubble levels, with certain analysts currently describing stocks on over 70 times earnings as must-buys. The CLSA Asia/Pacific investment group, a BDT associate, has issued a report identifying 20 must-have stocks, called, To infinity and beyond. Key picks include shipping company Tianjin Port Dev, trading on 53 times P/E. The company listed last May at HK $1.88 and is just getting started at HK $9.03, according to the group. The top choice, HK Exchange, is up 317% over the past year and 65% in the past month, trading on 74 times 2008 earni...

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