The trading range for Hang Seng Index futures was between 22405-22617 (212) for the past three days. Spot month futures finished at 22494 (-30) at today's closing, cash market closed at 22498, dropped 89.63 with the turnover of $64.847 billion.
Although it is futures contracts rollover period where the spot month futures is expiring on Friday; the market is quiet as we are entering the holiday season and the most inactive month of the year- December!
This is the month where retail and institutional investors take time off from work and switch off from the market; spending quality time with family or taking a long holiday in overseas!
Speaking about overseas travel, we guess the business in airline and some of the major tourist spots might be affected due to recent Paris attack and a few airline disaster in recent years. Investing in airlines and tourism stocks could be a bumpy journey. At this juncture, is this an opportunity to look at these stocks? Or should we stay away from them?
When we invested in China Travel Hong Kong (HK: 308) back in November 2013, it was trading at $1.50. In those days, Hong Kong dollar was weaker compared to today, attracted lots of tourists especially from Mainland China. Today, the share price closed at $3.25, which is at one month low, retraced from 52 weeks high at $3.85. We are considering, should we remain as their shareholder?
We are looking forward to December. This is the time where we can sit down and plan for the year of 2016; to review our performance and portfolio, to learn about our investment mistakes and to recharge our battery and getting ready for a brand new year!
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