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My investment in Cosco Shipping (1919.HK)
19 Apr 2023 (249 views)  

I own 230,000 shares of Cosco Shipping at an average cost of $10.23 HKD. My total investment is HK $2,247,000 (SGD 381,000).

This stock paid the following dividend during the past year:

Announced 22 Aug 22:  RMB 2.01
Announced 23 Mar 23: RMB 1.30
Total RMB 3.4 (HKD 3.87).

The current price is $9.77. The total dividend of $3.87 represents a yield of 39.6%. 

The shipping business had a good year in 2022. However, the business can be volatile and there is overcapacity in some years, leading to low profits. 

I read that the shipping business in 2023 is expected to be weak, due to the global economic slowdown. 

However, even if the profit drop by 75%, the return of 10% can still be quite attractive. 

Tan Kin Lian 
 

My investment in Cosco Shipping (1919.HK)
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I own 230,000 shares of Cosco Shipping at an average cost of $10.23 HKD. My total investment is HK $2,247,000 (SGD 381,000).

This stock paid the following dividend during the past year:

Announced 22 Aug 22:  RMB 2.01
Announced 23 Mar 23: RMB 1.30
Total RMB 3.4 (HKD 3.87).

The current price is $9.77. The total dividend of $3.87 represents a yield of 39.6%. 

The shipping business had a good year in 2022. However, the business can be volatile and there is overcapacity in some years, leading to low profits. 

I read that the shipping business in 2023 is expected to be weak, due to the global economic slowdown. 

However, even if the profit drop by 75%, the return of 10% can still be quite attractive. 

Tan Kin Lian 
 

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