Journey of a Novice Investor…
Executive Summary This report presents a quantitative analysis of a peer group of Hong Kong-listed real estate companies and Real Estate Investment Trusts (REITs). The objective is to estimate the intrinsic value of these securities using the Gordon Growth Model (GGM) and to calculate their implied expected rates of return. The analysis utilizes end-of-day closing … Read more
Executive Summary Stella International is a leading developer and manufacturer of premium quality footwear and leather goods. Stella, listed on the Hong Kong Stock Exchange under the ticker 01836, presents a compelling investment opportunity for value-oriented investors seeking a high, sustainable dividend yield. The investment thesis is predicated on three core pillars:(1) the successful execution of … Read more
Executive Summary Ming Fai International Holdings Limited presents a compelling deep value and high-yield investment opportunity. The investment thesis is anchored in the robust post-pandemic recovery of its core global hospitality market, a pristine net-cash balance sheet that provides a significant margin of safety, and a market valuation that appears profoundly disconnected from its fundamental … Read more
In a prior post, HKSE Watchlist, I listed Best Mart 360, as a stock of interest. In this article, I discuss the company in more detail and layout the many reasons why Best Mart 360 is a compelling candidate for addition to a dividend portfolio focused on the HKSE. Introduction to Best Mart 360 For investors on … Read more
This post is a personal reminder of some of the upcoming dividends for the stocks that are on the updated watchlist. Investors buying these stocks before the ex-dates will be eligible for the dividend payouts. Stock Ticker Currency Dividend Ex-Date Petrochina 857 RMB 0.25 17/6/2025 HKT-SS 6823 HK$ 0.4588 19/5/2025 Henderson Land 12 HK$ 1.30 5/6/2025 … Read more
I have updated the stocks on my watchlist based on the two tables below. The first one consists of more mature stocks that have consistent history of dividend payouts. The second list contains growth stocks that are priced reasonably. As a bonus these growth stocks also pay dividends. The target buy price is derived from … Read more
Pax Global (00327.HK) recently announced its results for financial year ending 31st December 2024. In this blog post I am sharing a brief review of the company and its financial performance based on the results announcement. Note that the discussion below references a stock price of 4.89HK$ per share that translates into a market cap of 5.192 … Read more
March 5, 2025 Touzibozhu Watchlist The table below is a list of stocks that are on my watchlist. The target buy price is derived from the expected dividend and the desired yield for the individual companies. I will be looking to buy when the stock prices reach the target price or fall below it. Stock Ticker … Read more
Earlier this year, President Xi Jinping outlined the plan to transform China into a “financial superpower” that is based on strong economic principles and different from Western models. In response to this transformation roadmap, the State Council released policy guidelines that promise to promote the high-quality development of China’s capital market by pushing for strong supervision, increased transparency, and … Read more
On May 10, 2024, the H-shares of the China Banks rose substantially. The four largest state-owned banks in China ended the day with the following closing prices: News reports that the China authorities are considering the the City’s proposals to reduce the 20% dividend withholding tax on stocks purchased through the Southbound Stock Connect account for the impressive gains in the stock … Read more