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My investment in Cosco Shipping Energy (1138.HK)
28 Sep 2021 (249 views)  

I hold 314,000 shares of Cosco Shipping Energy at $3.31 HKD, giving a total investment of $$1,039,000 HKD ($180,000 SGD).

When I bought the stock, it had a low PE ratio, attractive dividend yield and an attractive discount (HK price to Shanghai price). 

Later, the price dropped to $2.94 due to the release of poor results for the first half of 2021.

I held on to the shares. 

The price jumped up by 18% on 28 September to $3.86. I do not know the reason. 

I have started to sell some of my holdings. I will clear them all off at $4.20 (26% above my cost).

Hehehe.

Caution. I am sharing my investing journey. I am not making any recommendation to buy or sell this stock at the current price. 


My investment in Cosco Shipping Energy (1138.HK)
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I hold 314,000 shares of Cosco Shipping Energy at $3.31 HKD, giving a total investment of $$1,039,000 HKD ($180,000 SGD).

When I bought the stock, it had a low PE ratio, attractive dividend yield and an attractive discount (HK price to Shanghai price). 

Later, the price dropped to $2.94 due to the release of poor results for the first half of 2021.

I held on to the shares. 

The price jumped up by 18% on 28 September to $3.86. I do not know the reason. 

I have started to sell some of my holdings. I will clear them all off at $4.20 (26% above my cost).

Hehehe.

Caution. I am sharing my investing journey. I am not making any recommendation to buy or sell this stock at the current price.