Skip Navigation Links
Bought China stocks - 28 Oct 2021
28 Oct 2021 (899 views)  

I bought 3 China stocks today. 

Although I already have a big holding of these stocks (about $100,000 SGD each), I made further purchases as the market is weak.

Here are my reasons for the purchase.

ICBC (1398.HK)

This is the largest bank in China.
This stock has a prospective PE ratio of 3.93 (earning yield of 25.4%) and a dividend yield of 7.42%. 
The profit for this year is expected to increase by 5% over the previous year.
Its debt to equity is 38.8% (acceptable).
I bought the stock in Hong Kong exchange at a discount of 24.9% from the price in Shanghai exchange.

China Petroleum (0386.HK)

This is the second largest oil company in China.
This stock has a prospective PE ratio of 3.98 (earning yield of 25.1%) and a dividend yield of 9.22%.
The profit for the current year is expected to increase by 186% over the previous year.
The debt to equity ratio is 40.5% (acceptable).
I bought the stock in Hong Kong exchange at a discount of 26.9% from the price in Shanghai exchange.

SMIC (0386.HK)

This is the largest chip manufacturer in China.
This stock has a prospective PE ratio of 15.98 (earning yield of 6.2%) and a dividend yield of 0%.
The profit for the current year is expected to increase by 69% over the previous year.
The debt to equity ratio is 42% (acceptable).
I bought the stock in Hong Kong exchange at a discount of 66.7% from the price in Shanghai exchange.

My view
I like ICBC and China Petroleum due to the low PE ratio and high dividend yield. For CP, I also like the high growth in profit.
I like SMIC due to the high profit growth and the large discount.

Note - I am sharing my view. I am not giving investment advice. 


Bought China stocks - 28 Oct 2021
[Back] [Print]


I bought 3 China stocks today. 

Although I already have a big holding of these stocks (about $100,000 SGD each), I made further purchases as the market is weak.

Here are my reasons for the purchase.

ICBC (1398.HK)

This is the largest bank in China.
This stock has a prospective PE ratio of 3.93 (earning yield of 25.4%) and a dividend yield of 7.42%. 
The profit for this year is expected to increase by 5% over the previous year.
Its debt to equity is 38.8% (acceptable).
I bought the stock in Hong Kong exchange at a discount of 24.9% from the price in Shanghai exchange.

China Petroleum (0386.HK)

This is the second largest oil company in China.
This stock has a prospective PE ratio of 3.98 (earning yield of 25.1%) and a dividend yield of 9.22%.
The profit for the current year is expected to increase by 186% over the previous year.
The debt to equity ratio is 40.5% (acceptable).
I bought the stock in Hong Kong exchange at a discount of 26.9% from the price in Shanghai exchange.

SMIC (0386.HK)

This is the largest chip manufacturer in China.
This stock has a prospective PE ratio of 15.98 (earning yield of 6.2%) and a dividend yield of 0%.
The profit for the current year is expected to increase by 69% over the previous year.
The debt to equity ratio is 42% (acceptable).
I bought the stock in Hong Kong exchange at a discount of 66.7% from the price in Shanghai exchange.

My view
I like ICBC and China Petroleum due to the low PE ratio and high dividend yield. For CP, I also like the high growth in profit.
I like SMIC due to the high profit growth and the large discount.

Note - I am sharing my view. I am not giving investment advice.