Today 601318 is making historical new high ...... while 016.HK seems without turbo.
It seems that 016.HK management are doing not good enough in recent years. In facts, nowadays 016.HK should consider "shares buyback" instead of "lands buying" just like 823.HK, and even declare 1 for 10 bonus shares yearly just like 012.HK although I admit that it adds no value to the company.
"Issuing bonus shares" or "Shares buyback" do not itself "push" market prices. It is the market investors valuing what the fair market price of a particular stock should be and a trading/market price is concluded as a result.
I am definitely a long run investor because my investment portfolio always holding listed shares >95% with cash<5%. But I also do "stocks switching" when a member stock is over-valued by the market (based on my judgement of course). So, let's say if 016.HK is now HK$200 and 083.HK is still<HK$14, I would sell 016.HK and in the same time buy 083.HK. I am still recognised myself a long run investor!
I still want to maximise my total investment portfolio ...... I may not do "stocks switching" when I feel rich enough because it needs time ^_^
This is just an illustration. I am still holding 016.HK. You must expect that "stocks switching" is not an everyday practice!
Everytime after doing "stocks switching", I still roughly hold the same total amount of investment portfolio, and dividends income from portfolio members are still mainly my cash inflow. A smart "stocks switching" may even not only minimise short run risk but also bring out more dividends income!
Student says :
回覆刪除I have no 2318 but have 601318.
Besides I never have 2628.
刪除我亦差不多曾考慮用人民幣來買它，近期才出現溢價，基本此股，以往用人幣會有折讓，折讓曾達近1成。
刪除Student says :
刪除Very luckily, I bought 601318 on 17Mar2017 @RMB36.17(including costs) with around 5% discount c.f. 2318.HK
Very luckily, its market price has been going up while the China stocks market mainly going down since then.
I think I am lucky in this deal.
我喜歡它的商業模式，這是我的長線標。
刪除Student says :
刪除I am naive and do not know any business model.
I just see 2318.HK past several years' net profits were steadily growing. But 2628.HK was unstable and P/E always much higher than 2318.HK
Thanks Value Sir.
難得這優質股，市場未給予天價估值。
刪除現時每年盈利已超新地，可想這股過往的增長動力。
其實，我持股不多，但日後還有機會。
Student says :
刪除Today 601318 is making historical new high ...... while 016.HK seems without turbo.
It seems that 016.HK management are doing not good enough in recent years. In facts, nowadays 016.HK should consider "shares buyback" instead of "lands buying" just like 823.HK, and even declare 1 for 10 bonus shares yearly just like 012.HK although I admit that it adds no value to the company.
雖然業務性質，環境不大相同，很難直接比較。
刪除我覺得新地可做得好些，尤其當週期出現變動。
現在回購，好似比長地慢咗二拍，不過如果少少回購，我持中性立場。
刪除Student says :
刪除Why neutral? I guess 016.HK is your No.1 or No.2 weighting stock!
"Shares buyback" by blue-chips is welcomed by the market...... see 005.HK and 1113.HK !
Issuing "bonus shares" is also welcomed by the market...... see 003.HK and 012.HK !
At present conditions, I value 016.HK should worth HK$160 c.f. 012.HK and 1113.HK
P.S.:
刪除I think us individual investors/shareholders should explain above ideas to the management of 016.HK
回購只是用公司錢增持自己公司。
刪除我口袋有錢，亦有信心比現價更低增持。
當然公司少少回購，無相大雅，如果有閒錢。
我無意利用發紅股或回購，推動股價，這對我無意義，因為我是長期買家。
刪除Student says :
刪除My respectful Value Sir,
"Issuing bonus shares" or "Shares buyback" do not itself "push" market prices. It is the market investors valuing what the fair market price of a particular stock should be and a trading/market price is concluded as a result.
I am definitely a long run investor because my investment portfolio always holding listed shares >95% with cash<5%. But I also do "stocks switching" when a member stock is over-valued by the market (based on my judgement of course). So, let's say if 016.HK is now HK$200 and 083.HK is still<HK$14, I would sell 016.HK and in the same time buy 083.HK. I am still recognised myself a long run investor!
I still want to maximise my total investment portfolio ...... I may not do "stocks switching" when I feel rich enough because it needs time ^_^
日後有機會再講解我對發紅股及回購的看法，這是個大題目。
刪除我大量投資股票，同樣沒太多現金，但股息能為我提供現金流。
你以上有個例子頗有趣，當然二股出現價格差距，轉換似乎不錯，不過大家同樣地產股，運作模式接近，收租及麵包師傅，很難出現$200,$14的格局，除非出現一間主流及非主流地產商，信置多投資主流地鐵盤及大型收租佬，不可能跟新地走得太遠。
Student says :
刪除My respectful Value Sir,
This is just an illustration. I am still holding 016.HK. You must expect that "stocks switching" is not an everyday practice!
Everytime after doing "stocks switching", I still roughly hold the same total amount of investment portfolio, and dividends income from portfolio members are still mainly my cash inflow. A smart "stocks switching" may even not only minimise short run risk but also bring out more dividends income!
聰明地調結構會是件好事。
刪除2628 我都持有, 倉內最差, 遲 D 也沽!
回覆刪除總是覺得它的包袱特別重。
刪除的確平保近年業績火箭般上升
回覆刪除中人壽雖為龍頭之一, 但業務增長跑輸平保
平保旗下金融平台籌備上市, 會對平保估值帶來正面影響嗎?
肯定極正面，如陸金所，估值將會是天價。
刪除我期待公司能順利釋放價值。
感覺平保管理層積極性比中人壽高
回覆刪除至少比投資者感覺積極拓展業務, 釋法集團內在價值
中人壽有少許不進則退的感覺
平保的業務保持投資者的期望。
刪除匯控當年走了寶。
不進則退，平保在多方面已勝了中人壽。
實力更不下於友邦，貴為恒指一員。
價兄如果信不過人壽,就更不應信平保,平保好似進取很多
回覆刪除總的，我持保險股實不多，我多持銀行。
刪除多謝你提及進取，讓我更留意它各指標。
進取，在我心目中，有多層意義，有時好，有時差，要綜合去看。
平保過往確實有可觀的增長動力。