Economic figures in the United States, including private sector payrolls and factory orders, came in lower than expected. Singapore's Temasek took profit on China Construction Bank and Bank of China shares.
Few investors want to buy and hold for the long-term. However, the food sector is outperforming, with inflation in China falling and prices of raw materials dropping.
Uni-President China (220) makes and sells beverages and instant noodles in the mainland.
Its share price has risen to a record high of HK$7.4. China Corn Oil (1006) should benefit because the price of corn has fallen around 18 percent from the 2011 peak. It currently trades at nine times historical earnings, which is not expensive.
The current price is HK$3.79, and it is still way below its peak level of HK$8.20 in 2010. Dr Check and/or The Standard bear no responsibility for any investment decision made based on the views expressed in this column.
