900.HK pays annual dividend @HK$0.44/share is 90% no problem! I think it may even pay more in future years, say yearly @HK$0.50/share is also within its ability.
I also noted its bank borrowings were decreased from HK$2B(29Feb2020) to HK$1.3B(3oNov2020), i.e. a drop of HK$700,000,000.
900.HK disclosed its average bank borrowing interest rate is now 2.5%p.a., so it will "save" bank interest expense HK$700,000,000 x 2.5%p.a. = HK$17,500,000 in coming 12 months. And the total bank borrowings can be even lower because it had HK$0.88B "bank & cash balances"(including fixed deposits) at 30Nov2020.
Or it may exercise "share buybacks" at <HK$6.00, I suggest.
As an individual investor, I always ask myself: 1. how much money I can buy. 2. how many number of shares I can buy. 3. how frequent I want to trade(buy & sell), and else... e.g. how much I can loss.
I detail 900.HK's 9-months profits HK$230M as follows:
回覆刪除1Mar~31May2020: HK$75M
1Jun~31Aug2020: HK$77M
1Sep~30Nov2020: HK$78M
900.HK pays annual dividend @HK$0.44/share is 90% no problem! I think it may even pay more in future years, say yearly @HK$0.50/share is also within its ability.
I also noted its bank borrowings were decreased from HK$2B(29Feb2020) to HK$1.3B(3oNov2020), i.e. a drop of HK$700,000,000.
900.HK disclosed its average bank borrowing interest rate is now 2.5%p.a., so it will "save" bank interest expense HK$700,000,000 x 2.5%p.a. = HK$17,500,000 in coming 12 months. And the total bank borrowings can be even lower because it had HK$0.88B "bank & cash balances"(including fixed deposits) at 30Nov2020.
Or it may exercise "share buybacks" at <HK$6.00, I suggest.
^_^
At 30Nov2020, its NAV had been raised to HK$8.13/share.
刪除P.S. Shareholders had already received 2 times dividends, totalling HK$0.44/share, over past 6 months.
good detail, thanks
刪除0900 是收息好股，但缺點成交量低，流動性差
回覆刪除TC Bro.
刪除As an individual investor, I always ask myself:
1. how much money I can buy.
2. how many number of shares I can buy.
3. how frequent I want to trade(buy & sell), and else... e.g. how much I can loss.
^_^