greenberg-warns-of-unrealistic-pe-ratios

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 with having to file quarterly earnings because if you miss by a penny youÆre trashed,ö he says, laying blame in part on young analysts whom he described as ôtwenty-one-year-olds fresh from college who think they know how to run companiesö.

Add the hassles...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222