For those investing in HK market, does value investing works in HK market?
Update: The reason I asked this question was that I did some back testing and for the last 2 to 3 years, value investing especially in the form of NCAV did not seem to work in Hongkong Market. Thus, my question to you all since many of u are also into value investing.
In addition, I understand that value investing probably need to hold the company for 2 to 3 years. Then if it does not work for the last 2 to 3 years, will it mean that it is not a good method to use.
However, many of you also pointed out the liquidity and sentiments are the issues in HK market. It is driven by the retail investors. Therefore more volatile.
As must as I still believe in value investing, I feel in HK market, there is something more than value investing (in terms of NCAV) that works there.
Hmm.... I actually found out some criteria that is relevant. But I am still uncomfortable to use it in the HK market. So probably, I will continue in search of the special important criteria to ensure value investing works in HK market.