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My investment in Cosco Shipping Energy - Update 6 Oct 2021
06 Oct 2021 (334 views)  

This is an update of my earlier posting on this stock. 

I held 341,000 shares of Cosco Shipping Energy (1138.HK) at HK $3.31. My total investment was $1,128,000 HKD ($192,000 SGD).

I bought this stock because of its low price earning ratio, high dividend yield and big discount (HK price compared to Shanghai price).

Shortly after my purchase, the price dropped due to the release of poor results for the first half of 2021. My loss was $21,000 SGD, or 12% on my investment. I held on to the shares due to the high dividend yield.

On 28 September, the price shot up sharply. I learned later that the price of LNG gas had increased sharply and this would lead to higher profits for this company which leases its carriers for the transportation of LNG gas. 

I sold the shares progressively over two weeks in a rising market. I finally sold off all my holdings at an average price of $4.20. 

My gain on the above shares is HK $279,000 (SGD $47,000).

I have good luck on this investment. 

Tan Kin Lian


My investment in Cosco Shipping Energy - Update 6 Oct 2021
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This is an update of my earlier posting on this stock. 

I held 341,000 shares of Cosco Shipping Energy (1138.HK) at HK $3.31. My total investment was $1,128,000 HKD ($192,000 SGD).

I bought this stock because of its low price earning ratio, high dividend yield and big discount (HK price compared to Shanghai price).

Shortly after my purchase, the price dropped due to the release of poor results for the first half of 2021. My loss was $21,000 SGD, or 12% on my investment. I held on to the shares due to the high dividend yield.

On 28 September, the price shot up sharply. I learned later that the price of LNG gas had increased sharply and this would lead to higher profits for this company which leases its carriers for the transportation of LNG gas. 

I sold the shares progressively over two weeks in a rising market. I finally sold off all my holdings at an average price of $4.20. 

My gain on the above shares is HK $279,000 (SGD $47,000).

I have good luck on this investment. 

Tan Kin Lian