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Review of Kerry Prop (0683.HK)
16 Nov 2022 (305 views)  

I hold 43,500 shares of Kerry Prop at average cost of HK$20.21. My total investment is HK$ 879,000 (S$154,000).

At the current price of $15.06, I suffer a loss of 25% or S$38,000.

The fundamentals of KP are strong:

1. PE (TTM) 2.36, 
2. PE (prospective) 7.32
3. Book value per share $78.12 (current price of $15.06 a discount of 81% of BV)
4. Debt to equity ratio: 46.94% (low for a property company. Country Garden has 85%).
5. Dividend yield: 9.06% (may be cut next year)

I target a PE ratio of 10X, so my target stock price is $20.5
I decided to by another 20,000 shares at the current price. 

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

Review of Kerry Prop (0683.HK)
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I hold 43,500 shares of Kerry Prop at average cost of HK$20.21. My total investment is HK$ 879,000 (S$154,000).

At the current price of $15.06, I suffer a loss of 25% or S$38,000.

The fundamentals of KP are strong:

1. PE (TTM) 2.36, 
2. PE (prospective) 7.32
3. Book value per share $78.12 (current price of $15.06 a discount of 81% of BV)
4. Debt to equity ratio: 46.94% (low for a property company. Country Garden has 85%).
5. Dividend yield: 9.06% (may be cut next year)

I target a PE ratio of 10X, so my target stock price is $20.5
I decided to by another 20,000 shares at the current price. 

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