Hong Kong Stocks

Why K. Wah International is a Compelling Value Investment for Dividend-Focused Portfolios

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Executive Summary & Investment Thesis Summary Data: K. Wah International Holdings (KWIH) presents a compelling deep-value opportunity with a significant margin of safety. The market currently values the company at a level only slightly above its liquid, dividend-generating stake in Galaxy Entertainment Group (GEG), effectively ascribing negligible value to its entire high-quality property development and … Read more

Where are the Hong Kong Real Estate Opportunities in 2025?

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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

Stella International (01836.HK): A High-Quality, High-Yield Value Stock with Sustainable Dividends

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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

Ming Fai International (03828.HK): A Deep Value & High-Yield Opportunity in Global Travel Recovery

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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

Best Mart 360: A Deep Dive for Dividend and Value Investors on the HKSE

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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

CNOOC – My Personal Journey Through Volatility and Value

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Introduction Geopolitical developments often have a profound impact on commodity markets, and the recent escalation in the Israel-Iran conflict has once again brought this reality to the forefront. The direct military confrontation between both nations has triggered a steep spike in oil prices, reflecting the significant geopolitical risk premium demanded by investors. The probability of … Read more

Hong Kong’s Real Estate Companies: From Crisis to Opportunity Amidst Social Unrest, Pandemic Lockdowns, and Rate Hikes

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Introduction: The Case for Dividend Investing in Hong Kong’s Real Estate Sector Hong Kong’s real estate market, long a cornerstone of wealth creation, has faced unprecedented challenges since 2019. Social unrest, prolonged pandemic lockdowns, and aggressive interest rate hikes have battered property developers and Real Estate Investment Trusts (REITs) listed on the Hong Kong Stock … Read more

Pax Global – a value stock trading at below net current asset with an attractive dividend

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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

Sino Land – an undervalued Hong Kong developer

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Research Report on Sino Land Company Limited (Stock Ticker: 00083.HK) Date: 2025-02-12Closing price: HKD 7.73 1. Company Background Sino Land Company Limited, founded in 1971, is a leading real estate developer and investment holding company based in Hong Kong. The company is a subsidiary of Tsim Sha Tsui Properties Limited and operates under the umbrella of … Read more

Bloomberg interview with Ronnie and Adriel Chan of Hang Lung Properties

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I came across a Youtube video, published on June 5 2024, of a Bloomberg Live interview with Ronnie Chan and Adriel Chan of Hang Lung Properties. Ronnie Chan is the honorary chairman of Hang Lung Properties who recently handed over the reins of the company to his son Adriel Chan who is now the chairman of the board. It’s always interesting to … Read more