I would sugguest you compare the gross rental income / so call Investment properties to see what is the rate that it is used to value the so call investment properties and compare this rate against 16 and 823...
Even 878.HK's NAV cut half, i.e. around HK$36, it is still ... "Cheap"!
An important point is that the major shareholder holds almost 75% shareholding now, ... let's think what she will do next: Privatization? ... or Paying higher dividend yields in future? ... or ?
I hope 878.HK is "Low Risk High Return", ... but of course, us minor shareholders (just holding 5,000 shares) need some patience.
Billy Sir,
回覆刪除Grace Foo holds 74.29% shareholding.
Good Luck!
^_^
Correction: Should be Grace Foo & her family.
刪除I corrected thanks
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回覆刪除I would sugguest you compare the gross rental income / so call Investment properties to see what is the rate that it is used to value the so call investment properties and compare this rate against 16 and 823...
回覆刪除878 - The so call NAV is having a lot of water due to using a very low capitalization rate of 2.25%-3.5%...
回覆刪除reference
回覆刪除https://starnman84.blogspot.com/2020/12/cap-rate.html
Even 878.HK's NAV cut half, i.e. around HK$36, it is still ... "Cheap"!
回覆刪除An important point is that the major shareholder holds almost 75% shareholding now, ... let's think what she will do next: Privatization? ... or Paying higher dividend yields in future? ... or ?
I hope 878.HK is "Low Risk High Return", ... but of course, us minor shareholders (just holding 5,000 shares) need some patience.
^_^
Thanks both of you.
刪除