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Review of China stocks
05 Mar 2023 (734 views)  

1. I invested $12.4 million HKD ($2.1 million SGD) in 13 Hong Kong stocks (mostly of China companies). 

2. These stocks show a loss of $405,000 HKD ($69,000 SGD). I have sold some stocks for a net gain in the past and also received dividends on these stocks. Taking the gains and dividends, my investment in China stocks is likely to show an overall gain.

3. My stock holding have an average PE ratio of 5.95 times and a dividend yield of 8.54%. The stocks are traded in the Hong Kong exchange at an average discount of 42% from the prices in Shanghai exhange.

4. My biggest losses are in SMIC, China Suntien and Cosco Shipping. These stocks are traded at a large discount from the prices in Shanghai. I consider that the current prices are undervalued and will hold on to the shares. In particular, Cosco Shipping is likely to give out a large dividend in a few months time. 

5. My biggest investments are in China Railway, Country Garden, ICBC and COSCO Shipping.

6. I will sell my shares in China Mobile and Sinopharm. Their PE ratios are at the higher end and they are now showing a gain on my cost price. 

Tan Kin Lian

Note - I am sharing a personal view. This is not investment advice. 

Review of China stocks
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1. I invested $12.4 million HKD ($2.1 million SGD) in 13 Hong Kong stocks (mostly of China companies). 

2. These stocks show a loss of $405,000 HKD ($69,000 SGD). I have sold some stocks for a net gain in the past and also received dividends on these stocks. Taking the gains and dividends, my investment in China stocks is likely to show an overall gain.

3. My stock holding have an average PE ratio of 5.95 times and a dividend yield of 8.54%. The stocks are traded in the Hong Kong exchange at an average discount of 42% from the prices in Shanghai exhange.

4. My biggest losses are in SMIC, China Suntien and Cosco Shipping. These stocks are traded at a large discount from the prices in Shanghai. I consider that the current prices are undervalued and will hold on to the shares. In particular, Cosco Shipping is likely to give out a large dividend in a few months time. 

5. My biggest investments are in China Railway, Country Garden, ICBC and COSCO Shipping.

6. I will sell my shares in China Mobile and Sinopharm. Their PE ratios are at the higher end and they are now showing a gain on my cost price. 

Tan Kin Lian

Note - I am sharing a personal view. This is not investment advice. 

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