How are my Crazy-Eight A-Shares doing?

Nine months ago, I wrote a contrarian piece on the opportunity in China A-Shares. The present rally is not done, but I thought I would check in on the result so far.

The Crazy-Eight A-Share Picks 28-Dec-2023

300750.SZ Contemporary Amperex Technology Co Ltd

002594.SZ BYD Co Ltd

002371.SZ NAURA Technology Group Co Ltd

601899.SS Zijin Mining Group Co Ltd

000333.SZ Midea Group Co Ltd

600584.SS JCET Group Co Ltd

688012.SS Advanced Micro-Fabrication Equipment Inc China

300760.SZ Shenzhen Mindray Bio-Medical Electronics Co Ltd

I gave my reasons in this wire: 

Why I like these Crazy-Eight China A-Shares

I am not one to gloat, but I published that wire for a reason.

The Australian Financial Press, in December 2023, were once again in full throated roar about the collapse of China. 

That seemed ridiculous to me, so I picked eight stocks to prove it.

How are we doing on the one-year bet?

The year is not yet done, so I could well wind up skewered by events.

However, we are 75% of the way through, so let's make it interesting.

Six of eight bets beat the market.

At the end of this year, we may make a full house.

Everyone knows that the FTSE All World is full of poor stocks.

What about the S&P 500?

I don't expect to finish the experiment that far ahead come 28-Dec-2024.

The present sharp rally was partly driven by desperate short covering.

However, China A-Shares were very cheap when I wrote my piece.

They are still cheap.

Conclusion

I have none really.

Just a gloat.

Contrarian investing is fun.

Eight Ball. Bottom pocket. Your shout AFR.

(Sadly: I own only three of them Midea, BYD and Zijin. Cannot buy the others.)

Photo by Patti Black on Unsplash

Update: 6:55PM 8-Oct-23

I wrote this without taking account of the moves in trade today.

300750.SZ Contemporary Amperex Technology Co Ltd +18.7%

002594.SZ BYD Co Ltd +6.53%

002371.SZ NAURA Technology Group Co Ltd +10%

601899.SS Zijin Mining Group Co Ltd -0.99%

000333.SZ Midea Group Co Ltd +5.43%

600584.SS JCET Group Co Ltd +9.99

688012.SS Advanced Micro-Fabrication Equipment Inc China +20%

300760.SZ Shenzhen Mindray Bio-Medical Electronics Co Ltd +10.75%

Given those one day moves today, the score is now 7/8 for the Crazy Eight.

Let us wait out Shenzhen Mindray to see if we get the full house.

As I have explained before, the products of that company saved my life.

I tagged this wire in the category education.

We cannot expect newspapers to ever learn anything.

However, the life lesson that was always the hardest for me to learn is patience.

Trust your own judgement when you think the crowd has it wrong.

Happy investing!