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To: DoodleBob

I knew Apple would be on the list. Forgot Saudi Aramco just went public but there is some doubt about their real value (assets being quantity of oil underground it owns/leases). ICBC is a Chinese Bank, they may indeed be very profitable but there are a lot of shenanigans in Chinese accounting.


2 posted on 01/13/2021 6:26:51 PM PST by monkeyshine (live and let live is dead)
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To: monkeyshine

I have more faith in Saudi Aramco’s profit insofar as estimating and quantifying established reserves is fairly well-traveled territory, versus ICBC’s profit to the extent it’s assets aren’t at the lower of cost or market. To that point, ICBC isn’t in the market cap list.


4 posted on 01/13/2021 6:37:45 PM PST by DoodleBob (Gravity's waiting period is about 9.8 m/s^2)
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