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Chen Danqing Tibetan Oil Painting Group (Paper Draft) Appreciation

Tibetan Group Oil Painting Paper Draft (Chen Danqing)

Painting Title: Tibetan Painting Group Draft

Artist: Chen Danqing

Painting type: Painting draft

Category: Sketch on paper

Size: 20*27cm

Created Year: 1980

Value: RMB 50,000 - 60,000 Yuan

Sold for: RMB 110,000 Yuan

Humanism emotions and personality power are main arts background of Chen Danqing art, which is a type of natural manifestation of himself’s emotional character, and was been soaked in his own experience, contains his deep understanding, compassion and respect for people who lived in the bottom of society. This type of humanistic sentiment and personality power have given glorious and noble significance to his oil painting works (praised by Deng Pinxiang).

"Tibetan Group Oil Paintings” were been recognized as a classic realistic landmark oil paining work after the Cultural Revolution, and had caused a large stir in Chinese artistic circles and literary circles, and has gained a wide range of concerns, comments, research and impact.

"Tibetan Group Oil Paintings” had thrown a great impact on the traditional creative model which had taken a prevalence for a long-term and was taken as a doctrine seriously at that time, it was been considered as a turning point of Chinese realistic oil paintings impacted by former Soviet to origin from European tradition. And his skillful realistic ability, as well as his deep grasp at European Classical Oil painting languages, all make viewers who indulged in traditional oil painting techniques admired much…

Origin: The collector bought this painting on the Jiade Auction.

About Artist Chen Danqing:

Chen Danqing was born in Shanghai in 1953, from 1970 to 1978 he was dispatched to countryside in southern Jiangxi and northern Jiangsu for rural labor exercising, during this term he self-studies painting.

In 1978 he was admitted to enter the oil painting department at the Central Academy of Fine Arts as the first postgraduate class after the Cultural Revolution in China; In 1980 after graduation he stayed in the school and acted as a teacher at the first studio of the oil painting department.

As early as 1980, Chen Danqing was become famous at home and abroad with his oil Painting Work “Tibet Group Paintings”, and become top ones in the Chinese oil painting artists. In early 80’s Chen Danqing was been taken for the most talented oil Painting Artist in China, and even until today, there are still exists a type of “Chen Danqing Complex” in Chinese Artists.

In 1982, Chen Danqing moved to New York as a free artist, and returned China in 2000 and accepted an invitation as a special appointed professor in the Tsinghua University, and acted as an appointed professor and PhD supervisor at the Fine Arts Academy at Tsinghua University, at the same time took charge of “Chen Danqing Studio”. In 2004 Chen Danqing resigned the duty of Professor at Tsinghua Academy of Fine Arts.

 * Original address of this oil painting article: Stupendous Art World with Chinese Excellent Oil Paintings

About the Author

* I'm a Chinese Girl, I love all beautiful, fashion and artistic things, and I'd like to introduce and display an excellent selection of China Fine Art, gifts, Traditional Chinese handicrafts, jewelry, toys, home decorations and fashion accessories to you, also give you great suggestions about gift ideas and introduce you the latest fashion trends in China.

Chinese Oil

Chinese Value Stocks!

Which Chinese Stocks Are Still Relatively Cheap?

 

 

1. China's rapid economic growth will be the global story of the foreseeable future.  Like the Japanese in 1980s, the Chinese are shopping for Hummer, IBM PC division, natural resources and real estate, etc.   

 

In addition to growth, Many investors look at emerging markets such as China as potential protection against falling dollars. No one wants to lose money any more after the market crash of last year, but neither can anyone afford to miss out potential huge growth ahead. Money is flying back to Chinese stocks causing valuations to rise rapidly.  Are there still windows of opportunity left?

 

I went though all Chinese stocks listed in U.S. stock exchanges with market cap greater than $1 billion. Below are 19 with positive P/Es (sorted by P/E):

 

Name

Symbol

P/E

Mkt cap

% Chg. From 52wk Low

Aluminum Corp of China

(ACH)

7.9

16.02B

410%

China Petroleum &

(SNP)

9.7

76.75B

191%

Yanzhou coal mining

(YZC)

11.1

7.47B

376%

China Mobile Ltd

(CHL)

12.2

199.92B

145%

PetroChina Co Ltd

(PTR)

13.6

221.75B

215%

Sohucom Inc

(SOHU)

14.6

2.47B

189%

CNOOC Limited

(CEO)

15.3

65.35B

264%

Shanda Interactive

(SNDA)

15.5

3.22B

243%

Guangshen Railway

(GSH)

17.7

2.97B

161%

NetEasecom, Inc

(NTES)

20.1

5.23B

270%

Perfect World Co, Ltd

(PWRD)

20.7

2.15B

497%

Trina Solar Limited

(TSL)

26.1

1.03B

618%

Mindray Medical Intl

(MR)

29.0

3.24B

244%

SINA Corp(USA)

(SINA)

32.8

2.08B

216%

China Life Insurance

(LFC)

40.6

129.73B

206%

New Oriental Edu

(EDU)

52.0

3.14B

217%

Ctripcom Intl, Ltd

(CTRP)

57.4

4.14B

377%

Baidu, Inc

(BIDU)

83.4

14.61B

420%

Home Inns & Hotels

(HMIN)

108.8

1.34B

483%

 

The top 9 stocks in the list have a P/E ratio of less than 18. They seem to still be reasonably priced, even though some of them have bounced back more than 400% from their 52-week-lows. These 9 inexpensive stocks are in 3 sectors: commodity, technology and railroads.

 

Commodity

 

ACH, SNP, YZC, PTR and CEO are all commodity related. Although the worst is likely behind the commodity sector, weakness might persist as long as excess supply does. 

 

A study published in Journal of Investing, spring 2009 issue found that adding a significant allocation to commodities substantially improves portfolio performance. The performance is more dramatic for indirect investment via the equities of companies than for direct investment in the commodities themselves. Gold consistently provides a greater benefit than either platinum or silver. The findings are consistent during much of the 34-year study period.

 

Below are comparisons between Chinese oil & gas stocks to Exxon Mobil Corp (XOM). As you can see, Chinese oil giants don’t have a clear advantage over Exxon Mobil:

 

Metric

SNP

PTR

CEO

XOM

P/E

9.74

13.6

15.2

11.2

Operating Margin

5%

15%

40%

15%

Debt/Operating Cash Flow

3.1

1.0

0.3

0.2

 

Technology

 

China Mobile Ltd (CHL) is a Chinese mobile-phone providers that has a huge cash stockpile it can use to continue expand. Below are comparisons between CHL and AT&T (T):

 

Metric

CHL

T

P/E

12.2

12.7

Operating Margin

33%

18%

Debt/Operating Cash Flow

0.1

2.1

 

With a higher operating margin and a much lower debt load, CHL is clearly in a much better position. Also, it doesn’t have huge goodwill sitting in its balance sheet, like AT&T does. The Goodwill results in AT&T’s negative Net Tangible Assets.

 

SOHU and SNDA both have much higher growth rates than CHL, though they also have higher short ratios.

 

Railroads

 

1. Below is a comparison between Guangshen Railway (GSH) and Burlington Northern Santa Fe Corp. (BNI).  No wonder Warren Buffett prefers BNI.

 

Metric

GSH

BNI

P/E

17.6

14.0

Operating Margin

14%

24%

Debt/Operating Cash Flow

2.4

2.6

 

ETFs

 

The followings are mainly China related ETFs/ETNs, including short and currency:

 

Fund Name

Ticker

Net Assets 

Portfolio P/E

iShares FTSE/Xinhua China 25 Index

FXI

11.30B

14.6

SPDR S&P China

GXC

455.46M

17.0

PowerShares Gldn Dragon

PGJ

439.50M

16.1

UltraShort FTSE/Xinhua China25

FXP

269.93M

 

Claymore/AlphaShares China Small Cap

HAO

182.13M

15.4

WisdomTree Dreyfus Chinese Yuan

CYB

136.81M

 

Claymore China Real Estate

TAO

79.43M

16.0

 

The Most Popular one is FXI, which owns 25 mature, state-owned and too-big-to-fail Chinese companies listed in Hong Kong.

 

Small Cap

 

Superior growth usually comes from small to mid-cap stocks. I lowered the criteria to include any profitable Chinese stocks with a market cap greater than $100 million. Jinpan International Ltd. (JST) engages in the design and manufacture of cast resin transformers for voltage distribution equipment in China. Its P/E is 9, PEG is 0.56, debt/operation cash flow is less than 1, and short ratio is very low. However, the market cap is only $250M.  

Conclusion

 

Investors usually have short-term memories. We seem to be driven by the most recent market rally, conveniently forgetting the lessons of last year. Hot markets eventually cool, and most investors don't catch on until it's too late. 

 

Investors do have a habit of buying hot stocks. If a stock can be up 400% over the last 12 months, it could also be down 75% in the next 52 weeks. However, if you can tolerate this kind of risk, and have a very long invest horizon, you might want to consider these profitable and still relatively inexpensive Chinese companies presented above.

 

 

Disclosure: I have long position on CHL. Data is from Google Finance and Yahoo Finance as of Oct 9, 2009.

 

 

Stocks: ACH, BIDU, BNI, CEO, CHL, CTRP, CYB, EDU, FXI, FXP, GSH, GXC, HAO, HMIN, JST, LFC, MR, NTES, PGJ, PTR, PWRD, SINA, SNDA, SNP, SOHU, T, TAO, TSL, YZC, XOM

About the Author

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