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My recent stock purchases
13 Mar 2021 (408 views)  

I invested in 3 new stocks during the past three days. They are Cosco Shipping Development (2866.HK), China Suntien Green Energy (0956.HK) and Yangzijiang Shipbuilding (BS6.SI).

I bought the two new HK stocks because I intend to sell the US growth stocks and have to reinvest them in China stocks. Both stocks have a discount of more than 70% in the HK exchange, compared to the Shanghai exchange. They have price earning ratio below 10 times and dividend yield above 4%. 

I bought Yangzijiang because of its low price earning ratio of 1.84 (for financial year 2019). For 2020, the profit is expected to drop 30% giving an expected PE ratio of 2.6 (which is still low).

These purchases have already shown a gain of 2.7% over 2 days.

My recent stock purchases
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I invested in 3 new stocks during the past three days. They are Cosco Shipping Development (2866.HK), China Suntien Green Energy (0956.HK) and Yangzijiang Shipbuilding (BS6.SI).

I bought the two new HK stocks because I intend to sell the US growth stocks and have to reinvest them in China stocks. Both stocks have a discount of more than 70% in the HK exchange, compared to the Shanghai exchange. They have price earning ratio below 10 times and dividend yield above 4%. 

I bought Yangzijiang because of its low price earning ratio of 1.84 (for financial year 2019). For 2020, the profit is expected to drop 30% giving an expected PE ratio of 2.6 (which is still low).

These purchases have already shown a gain of 2.7% over 2 days.

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