I had traded 878.HK for few times(maybe 5~10 times) over past few years(but none in this year).
I find that it always overvalues its Causeway Bay buildings because the net annual rental incomes derived therefrom are always representing only around 2~3%p.a. returns.
I think its announced NAV at around HK$70/share might be overvalued by >20%. I revise this to HK$50~55.
Another question is its management ability. Belivable or not? ... This would be too difficult to say bu us.
I had traded 878.HK for few times(maybe 5~10 times) over past few years(but none in this year).
回覆刪除I find that it always overvalues its Causeway Bay buildings because the net annual rental incomes derived therefrom are always representing only around 2~3%p.a. returns.
I think its announced NAV at around HK$70/share might be overvalued by >20%. I revise this to HK$50~55.
Another question is its management ability. Belivable or not? ... This would be too difficult to say bu us.
Anyway, 878.HK looks very cheap at HK$7.70!
Good Luck Billy Sir!^^
Btw, 178.HK's NAV at 30/9/2021 only = HK$0.37/share.
刪除And it still makes losses and looks no prospects.
SA SA forget it
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