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My investment in PICC P&C (2328.HK)
24 May 2021 (259 views)

I hold 140,000 shares of PICC P&C at an average cost of $6.19 HKD. The current price is now $7.57 giving an appreciation of 22% of $193,000. I held the shares for about half a year, maybe slightly longer.

This stock is for the property and casualty insurance company. There is another stock called PICC group - which includes China Life - the life company.

I bought the shares because it had dropped from a high of $10 in Oct 2019. The price earning ratio is 6.69 times and the dividend yield is 5.98%. 

I bought the shares in HK Exchange at an attractive discount to the price in Shanghai. I am not able to get the current discount.

As the share had appreciated by 22% over my cost, I will be selling 40,000 shares to realize some of the profit. The price is weaker today, so I shall wait for it to recover to $6.19.

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




 


My investment in PICC P&C (2328.HK)
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I hold 140,000 shares of PICC P&C at an average cost of $6.19 HKD. The current price is now $7.57 giving an appreciation of 22% of $193,000. I held the shares for about half a year, maybe slightly longer.

This stock is for the property and casualty insurance company. There is another stock called PICC group - which includes China Life - the life company.

I bought the shares because it had dropped from a high of $10 in Oct 2019. The price earning ratio is 6.69 times and the dividend yield is 5.98%. 

I bought the shares in HK Exchange at an attractive discount to the price in Shanghai. I am not able to get the current discount.

As the share had appreciated by 22% over my cost, I will be selling 40,000 shares to realize some of the profit. The price is weaker today, so I shall wait for it to recover to $6.19.

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