MichaelKurtz, a longtime music producer and technician, was sitting around with a bunch of record store owners trying to brainstorm ideas to reverse that trend when Chris Brown of Bull Moose Music suggested dedicating a day to record stores.
Still, MichaelKurtz, chief Asia strategist at Nomura Holdings, noted that Hong Kong's H-shares have reached the point where they are Asia's cheapest in terms of their forward price-to-earnings ratio, at 8.4 times, compared to a 10-year historical average of 12.6 times.