Greenberg warns of unrealistic P/E ratios
The American billionaire, Maurice "Hank" Greenberg, gives his views on private equity, China and the price-to-earnings ratios in the A- and H-share markets.
Maurice ôHankö Greenberg took a stab at fresh-from-college earnings analysts, warned of unrealistic price-to-earnings ratios in China, and side-stepped any questions about AIG at the Hong Kong Venture Capital and Private Equity AssociationÆs 20th anniversary dinner at the Four Seasons hotel last night.The 82-year-old American businessman and former chairman and CEO of American International Group, posed the question: Why has private equity been growing? ôA lot of companies are fed up …
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