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Invest based on good value
16 Mar 2022 (212 views)  

I bought 3 shares yesterday, using my uninvested cash of $120,000.

China Petroleum - bought HK $3.36, now $3.42
Cosco Ship Development - bought HK $1.20, now $1.23
Hong Kong Land - bought US $4.92, now $4.88

A technical expert said that I should wait for the market to bottom, as it was still bearish.
I am not a technical expert, so I do not know how to invest based on charts.

Instead, I invest based on fundamental analysis. If the stocks have dropped in price by 15% and the price earning ratio is low (below 10) and the dividend yield is above 3%, it must be good value.

It may drop further, or it may turn around. Who knows? Not me.

Anyway, the stocks went up today, so my purchase was good.

Tan Kin Lian


Invest based on good value
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I bought 3 shares yesterday, using my uninvested cash of $120,000.

China Petroleum - bought HK $3.36, now $3.42
Cosco Ship Development - bought HK $1.20, now $1.23
Hong Kong Land - bought US $4.92, now $4.88

A technical expert said that I should wait for the market to bottom, as it was still bearish.
I am not a technical expert, so I do not know how to invest based on charts.

Instead, I invest based on fundamental analysis. If the stocks have dropped in price by 15% and the price earning ratio is low (below 10) and the dividend yield is above 3%, it must be good value.

It may drop further, or it may turn around. Who knows? Not me.

Anyway, the stocks went up today, so my purchase was good.

Tan Kin Lian