450.HK is cash rich and its updated NAV should be >HK$3.50/share.
Recently it has "positive" profit alert: 2020 Net Profit would be HK$106M(raised by 40%), ... of which around HK$100M was earned at 2nd half year of 2020.
I assume it declares same final & special div., totalling HK$0.07/share in coming judgement date(24Mar2021).
This moment 450.HK is traded between HK$1.26~HK$1.28, so the middle price is HK$1.27.
After ex. date date, the "deemed" market price becomes HK$1.27 - HK$0.07 = HK$1.20
As an industry enterprise, I think that once its business operations are turning good, its earning ability will sustain for "at least" 2~3 years.
I "prudently" assume that in this year 2021, 450.HK earns HK$100M~HK$150M, so the middle is HK$125M, i.e. @HK$0.1377/share. I predict it can still pay annual dividends @HK$0.10/share.
Therefore, after ex. final div., 450.HK still will have expected div. yield: HK$0.10/HK$1.20 x 100% = 8.33%p.a.
If 450.HK earns even more than HK$125M in this 2021, ...
Judgement dates update:~
回覆刪除18Mar2021 : 001.HK; 086.HK
24Mar2021 : 450.HK
25Mar2021 : 941.HK
26Mar2021 : 1122.HK
30Mar2021 : 811.HK
Good Luck Everybody!^^
Btw, my sis asked me why I invest in 450.HK :~
刪除450.HK is cash rich and its updated NAV should be >HK$3.50/share.
Recently it has "positive" profit alert: 2020 Net Profit would be HK$106M(raised by 40%), ... of which around HK$100M was earned at 2nd half year of 2020.
I assume it declares same final & special div., totalling HK$0.07/share in coming judgement date(24Mar2021).
This moment 450.HK is traded between HK$1.26~HK$1.28, so the middle price is HK$1.27.
After ex. date date, the "deemed" market price becomes HK$1.27 - HK$0.07 = HK$1.20
As an industry enterprise, I think that once its business operations are turning good, its earning ability will sustain for "at least" 2~3 years.
I "prudently" assume that in this year 2021, 450.HK earns HK$100M~HK$150M, so the middle is HK$125M, i.e. @HK$0.1377/share. I predict it can still pay annual dividends @HK$0.10/share.
Therefore, after ex. final div., 450.HK still will have expected div. yield: HK$0.10/HK$1.20 x 100%
= 8.33%p.a.
If 450.HK earns even more than HK$125M in this 2021, ...
thanks, maybe I will bought 50000 shares tomorrow
刪除