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My investment in Kerry Property (0683.HK)
24 Sep 2021 (72 views)  

In August, I sold all my Kerry Property stock (0683.HK) at HK$25.

When the price dropped due to the Evergrande problem, I bought 20,000 KP stock at HK$20.50.

KP had low debt to equity of 35% (compared to 80% or higher for most property developers in China). It also had a low PE ratio of 4.3 times and a high dividend yield of 6.7%.

After my purchase, the price dropped to $19.20. It has since recovered to above my cost.

I do not think that it will return to $25. So I am ready to sell the stock at $23.
Hehehe.

Note - this is just a speculation. I am sharing my personal opinion. I am not giving investment advice. 


My investment in Kerry Property (0683.HK)
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In August, I sold all my Kerry Property stock (0683.HK) at HK$25.

When the price dropped due to the Evergrande problem, I bought 20,000 KP stock at HK$20.50.

KP had low debt to equity of 35% (compared to 80% or higher for most property developers in China). It also had a low PE ratio of 4.3 times and a high dividend yield of 6.7%.

After my purchase, the price dropped to $19.20. It has since recovered to above my cost.

I do not think that it will return to $25. So I am ready to sell the stock at $23.
Hehehe.

Note - this is just a speculation. I am sharing my personal opinion. I am not giving investment advice.