If investors compare 113.HK with some so called "famous" local retail stocks such as 178.HK, 709.HK, we can find that the NAV/share of 178.HK & 709.HK were decreasing over past 5 years, but 113.HK was "gradually increasing" from HK$5.30/share(31Mar2016) to HK$7.54/share(31Mar2020).
Not just HK$22.62, at 6Apr2020 it sold Alibaba in USA for HK$0.759 so that updated Net Cash Per Share
回覆刪除= (22.62 + 0.759)/3.942
= HK$5.93/share !!
Besides, at 31Mar2020 it had "Other Financial Assets" HK$14.35(see Note 9 to financial accounts), i.e. 14.35/3.942
=HK$3.64/share !!
^_^
P.S.
刪除3.942 is the total number of issued ordinary shares of the company, i.e. 394,202,808
Another selling point of 113.HK is that it is willing to exercise "share buy-backs" and this can maximise the NAV Per Share.
刪除If investors compare 113.HK with some so called "famous" local retail stocks such as 178.HK, 709.HK, we can find that the NAV/share of 178.HK & 709.HK were decreasing over past 5 years, but 113.HK was "gradually increasing" from HK$5.30/share(31Mar2016) to HK$7.54/share(31Mar2020).
刪除P.S. From aastocks.com
P.S.
刪除Of course, the most important factors for a successful enterprise are good management and the ability to make profits.
My last words:
刪除Share price is unpredictable and uncontrollable by us single individual investors.
Good Luck Everybody!
^_^
We are appreciated
刪除