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Review of Country Garden (2007.HK)
06 Apr 2023 (200 views)  

I hold 800,000 shares of Country Garden at an average cost of $2.56 (HKD). My total investment is $2,048,000 (S$346,000).

The current price is $2.06, giving me a loss of 20% (S$69,000).

The stock price had traded between $3 to $2 during the past two weeks. The current price is somewhat low. 

I hold an optimistic view about Country Garden for the following reasons:

a) There was a report that the property sales in China is starting to pick up. It was at a low level for the past two years. 

b) Country Garden is the largest developer in China (after the collapse of Evergrande). The China government will not allow it to collapse

c) At the current price ($2.05), the price earning ratio is 3.32 times and the dividend yield is 10.96%. 

I expect the price to rebound to $3 in the near future, representing an increase of 50% from the current level. (This is a personal speculation, and is not investment advice).

Tan Kin Lian

Review of Country Garden (2007.HK)
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I hold 800,000 shares of Country Garden at an average cost of $2.56 (HKD). My total investment is $2,048,000 (S$346,000).

The current price is $2.06, giving me a loss of 20% (S$69,000).

The stock price had traded between $3 to $2 during the past two weeks. The current price is somewhat low. 

I hold an optimistic view about Country Garden for the following reasons:

a) There was a report that the property sales in China is starting to pick up. It was at a low level for the past two years. 

b) Country Garden is the largest developer in China (after the collapse of Evergrande). The China government will not allow it to collapse

c) At the current price ($2.05), the price earning ratio is 3.32 times and the dividend yield is 10.96%. 

I expect the price to rebound to $3 in the near future, representing an increase of 50% from the current level. (This is a personal speculation, and is not investment advice).

Tan Kin Lian