Bank of China's coming IPO made every retail investor in Hong Kong crazy. Everyone is waiting for the opening of application on Thursday, because of what? Tycoons' lead in buying the lender's stake, its famous brand, or others?
I am not a huge Bank of China fun, just like this person in the Bloomberg's story today(BTW, it's the only story I considered as "neutral", not "flattered". Personally, the only bank I like in the mainland China is China Merchants Bank, great service and high-quality people.
I may be too narrow minded on the BOC's service, as it doesn't only include retail services. It also has monopoly rights in many wholesale and enterprise services, but I will not buy stocks for the company I don't like.
Maybe a lot of people will blame me on that. Right, there will definitely a short-term profit from buying its shares on the first day and sell them in several days, say, a month maybe. Because the IPO organisers should try to maintain and increase the price(I guess, no factual cause). But don't you remember Warron Buffett's famous words: invest in long-term profit. Short-term investors, especially smaller ones, couldn't win all the time.
I'd better not to say much, but I really want to say something different.
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