I think 900.HK's size is not the no. 1 important to us individual investors. We usually just buy/sell <HK$100,000 for any stock. And if so, it is not difficult to buy/sell 900.HK in every trading day.
The most important is the quality of our buying targets.
HSBC is of super size, but it only brings us losses and suffering!
P.S. In such poor local environment (Local Protestors + COVID-19) during fiscal year ended 29Feb2020, Aeon Credit in fact presented us an outstanding financial performance.
900.HK is a very "healthy" company.
回覆刪除It earned profits every year since listing(should be 1995).
It has solid dividend payout history.
Its bank borrowings have been decreasing every year by year.
EPS = HK$0.884/share(i.e. P/E=5.9)
Total year dividends = HK$0.44/share(i.e. dividend yied=8.4%p.a.)
NAV = HK$7.91/share(at 29Feb2020)
It is a very "clean" company. All profits are derived from principal businesses: local credit cards and loan business.
Nowadays I think holding 900.HK is "better + safer" than holding traditional banks.
^_^
MP 2.2b only, too small size
回覆刪除Billy Sir,
刪除I think 900.HK's size is not the no. 1 important to us individual investors. We usually just buy/sell <HK$100,000 for any stock. And if so, it is not difficult to buy/sell 900.HK in every trading day.
The most important is the quality of our buying targets.
HSBC is of super size, but it only brings us losses and suffering!
Good night & luck!
^_^
You are right,HSBC is a good lesson for us
刪除P.S. In such poor local environment (Local Protestors + COVID-19) during fiscal year ended 29Feb2020, Aeon Credit in fact presented us an outstanding financial performance.
刪除P.S. In harsh time it already earned HK$0.884/share and pays us HK$0.44/share. If at normal, ... Let us imagine ...
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