As an individual investor, I always consider my investment portfolio members' dividends pay-out ability.
For years of experience, I realise that many property developers/property investment holding listed companies, though with low P/Es and high NAVs, major shareholders/managements are "unwilling to share" with us individual shareholders.
Besides, at present market conditions I want to focus on index-isolated stocks.
So I have been stopped to buy it more since last announced results.
Luckily I have bought more other stocks such as 626.HK; 900.HK; ... and a little 373.HK which are with "higher dividend yields" than all above real estates stocks ... and luckily "share prices + dividends received" proved better over this first half year 2018.
For 005.HK, I dislike it. It earned only US$0.48/share for full year 2017 while it already paid dividends US$0.51/share !
Besides, 005.HK has been always penalised by USA and/or Europe. This is a big big risk!
For those local banks, I prefer to hold 626.HK.(introduced by another blogger, Forest Capital months before.)
626.HK is small size and so with the possibility of privatization by the major shareholder(already holds 73.23%). It has >6%p.a. dividend yield.
Value Sir,
回覆刪除Good evening!
...
Good Luck!
^_^
我希望有不中斷的資金持續買貨。
刪除這是可能的。
Value Sir,
刪除Good morning!
Any comment on 900.HK ?
^_^
(I remember you had a little.)
刪除^_^
我還以為你講騰訊。
刪除我希望了解此股未來增長從何來，及競爭者層面的了解，以及它跟樓市的關係。
我暫時未打算增持。
Value Sir,
刪除Why always properties?
It's dangerous if you are mainly holding properties-related and interest-related stocks.(such as property developers/investment; banks)
900.HK is a retail stock. It links with local retail sales figures and credit cards sales figures.
900.HK is isolated from USA/China markets.
It shall announce 1st quarter 2018/19 results tomorrow.
^_^
我基本很同意你所講。
刪除我當然希望它能持續穩健成長。
李嘉城充滿商業/投資智慧，他仍在增持長地，可知每人思考的背景及角度未必相同。
刪除Value Sir,
刪除I don't know why Mr. Li do so.
As an individual investor, I always consider my investment portfolio members' dividends pay-out ability.
For years of experience, I realise that many property developers/property investment holding listed companies, though with low P/Es and high NAVs, major shareholders/managements are "unwilling to share" with us individual shareholders.
Besides, at present market conditions I want to focus on index-isolated stocks.
^_^
其實，我覺得地產派息是合理。
刪除(一般經常利潤 30-50%)
部份賣出一些投資物業更會派特別息。
當然跟一些非資本密集行業可能無得比。
刪除派息比率
地產金融仍是香港龍頭行業。
Value Sir,
刪除Summary of 2017's "Dividend Paid/Earning Per Share" percentages :
004.HK 22.05%
012.HK 22.47%
016.HK 28.41%
017.HK 57.50%(But 5-years average = 34.69%)
019.HK 12.11%
020.HK 14.12%
083.HK 44.54%(But 5-years average = 35.93%)
1113.HK 21.07%
1997.HK 16.75%
Reasonable and attractive ?
^_^
On average = 239.02%/9 = 26.56% only ! (not 30-50%)
刪除^_^
有部份盈利是資產重估。
刪除除外，我很關注盈利再投入的回報，佢係keep到，派息係有增長。
現時數間大型地產商的派息高於通脹增長。
太地亦將重估部份賣走套現，未來有可能派特別息。
我想關鍵是你怎看重估部份。
刪除每人看法不同。
重估部份不是以現金資產在循環。
刪除重估，你認為怎看待，實在嗎？這是關鍵你怎看地產股。
你重倉新地，無理由不明30-50%的意思。
刪除我倆應該溝通一致。
Value Sir,
刪除For local big property developers/property investment cos, I have 016.HK only.
I regard it the local dragon head and I like its malls and luxury office buildings.
Though I have it, I like straight talks. I don't like its "cash" management, i.e. using of cash.
Nowsdays it should pay "more dividends" and it should exercise "shares buy-back" instead of buying relatively high costly lands in open market.
^_^
咁你應該會好失望，最大數間沒有回購，因開發成本愈來愈大。未來地價講緊幅幅以百億計。
刪除市場最積極回購是匯控，但我不太喜歡。
Value Sir,
刪除Yes, disappointing!
So I have been stopped to buy it more since last announced results.
Luckily I have bought more other stocks such as 626.HK; 900.HK; ... and a little 373.HK which are with "higher dividend yields" than all above real estates stocks ... and luckily "share prices + dividends received" proved better over this first half year 2018.
For 005.HK, I dislike it. It earned only US$0.48/share for full year 2017 while it already paid dividends US$0.51/share !
Besides, 005.HK has been always penalised by USA and/or Europe. This is a big big risk!
For those local banks, I prefer to hold 626.HK.(introduced by another blogger, Forest Capital months before.)
626.HK is small size and so with the possibility of privatization by the major shareholder(already holds 73.23%). It has >6%p.a. dividend yield.
^_^
似乎626都有900的影子。
刪除Value Sir,
刪除No, they are different.
626.HK is Banking + Financing.
900.HK mainly focus in credit cards businesses. I regard it as a retail stock ... links with local retail sales figures and credit cards figures.
I seldom see Public Bank's credit cards, but always see Aeon's cards.
^_^
Value Sir,
刪除For your information.
Now in HK, total issued credit cards ~ 19M.
900.HK(Aeon Credit) has issued around 1.3M credit cards.
Actually, Aeon Credit is not a small potato!
^_^
有無睇廣告？近期
刪除大眾似乎都係引人借錢消費
美容減肥扮靚
我最想知道這些公司逆境是頂唔頂得住。
刪除拆息市場開始上緊。
當然，很多時出現水退時才知。
讓我看900是否質量並存。
刪除Value Sir,
刪除They are not new cos.
You better go through their past "profits and dividends pay-out records" + "share price charts" records, especially those tough times.
^_^
希望你能成功！
刪除Value Sir,
刪除You too!
^_^
Value Sir,
刪除Poor market environment in HK!
*_*
Very nice.I like it so much.
刪除What a good opportunity ahead!
其實，我短期現金不是太多。
刪除但持續多半年買貨都可以。
Value Sir,
刪除It depends on how much you are going to invest in each deal!
^_^
其實，我真係好細注。(當然講緊自己資產的比例)
刪除等於李嘉城增持，佢每次增持都係資產的很少百份比，如 0.1%，由於佢有入無出，肯定不會有經常換馬的投資者，以10%資產般去轉換。
Are you another Mr. Li ? Haha ...
刪除^_^
我很羡慕他的智慧及健康。
刪除Value Sir,
刪除Good morning. ^_^
Any comment on 1883.HK ... now HK$2.15?
我曾經有留意它，現在它不是我急切買入的板塊，我曾被它佢估值吸引。
刪除我對此行業有少少戒心，雖然佢好似比香港的同行較穩定，但我並不熟悉澳門的競爭環境。
香港打到你死我活，又整隻自由鳥，香港寬頻，做到爛，又咁多人入場，其實我都不知原因。
Very glad that this morning have good chances to do "stocks switching".
刪除^_^
我已準備出手。
刪除Buy what? ^^
刪除已入新地。
刪除I hope you will be successful in this deal! ... though I'm really not sure whether our HS Index can be uplifted in the future.
刪除But I have prepared to do better in "stocks switching". As such, I can sleep well at nights.
Btw, "Little Rice" may make you little rice!
^_^
This is not just an stocks market issue.
刪除I suggest China to sell a little US government bonds to stimulate the RMB ex. rate, and to give some pressure to USA.
我們國力未及，我們有市場，不應受制對方核心技術，結構性改革而作出更大努力。
刪除價兄最近醉心盈富，沒其他股想買？
回覆刪除我現時仍是地產，金融，新興增長板塊。
刪除盈富今日跌幅較大，我近年持續增持，但總量不是太多，佔組合1%左右。
前鋒：BMO納斯達克ETF(3086)
回覆刪除中場：友邦(1299)，南洋(212)，永安國際(289), 華廈置業(278), 永泰地產(369)
後防：維他奶(345)，中國生物製藥(1177)
守門：中國燃氣(384), 香港中華煤氣(3)，47%cash
看來貿易戰可大可小,之前低估了,避險中...
未來可能將重心放落美股ETF,減少港股倉。
美國要對付中國，香港肯定是風眼。
刪除你似乎現金不少，何懼之有？
前鋒：BMO納斯達克ETF(3086),申洲(2313)，柏能(1263)
刪除中場：友邦(1299)，南洋(212)，永安國際(289), 華廈置業(278), 永泰地產(369)
後防：維他奶(345)，石藥(1093),中國生物製藥(1177)
守門：中國燃氣(384), 香港中華煤氣(3)，2%cash
3086佔組合24%,不用自己選股
大市又跌，今日入番d貨。
看來你擺得幾重這ETF。
刪除祝你好運！
前鋒：BMO納斯達克ETF(3086),申洲(2313)
刪除中場：友邦(1299)，南洋(212)，永安國際(289), 華廈置業(278), 永泰地產(369)
後防：維他奶(345)
守門：中國燃氣(384), 香港中華煤氣(3)，18%cash
大市似進入熊市。
穩健的組合可讓你渡過任何風浪，過後，你會變得更强。
刪除前鋒：BMO納斯達克ETF(3086)
刪除中場：友邦(1299)，南洋(212)，永安國際(289), 華廈置業(278), 永泰地產(369)
後防：維他奶(345)
守門：中國燃氣(384), 香港中華煤氣(3)，33%cash
再提升現金水平
沽出申洲如何？部署如何？
刪除暫時未諗到
刪除盈富係有d 吸引力
回覆刪除視乎你需要什麼。
刪除反而今日我買了一點信置, 倘若有機會我也會買四大地產, 會德豐, 儲齊一套閃卡!
回覆刪除我現在正向四大發功，包括會及恒。
刪除此刻，我持新地及信置較多。
作者已經移除這則留言。
回覆刪除如果再惡化下去，只好你不仁，我不義。
刪除現時仍是開局，下一部只可打市場戰，大家全輸。
我真不希望，但我不害怕，我的投資組合能頂上十級地震。
//我們最厲害武器便是市場龐大。
回覆刪除小弟夢遊時有個想法，有張皇牌叫"國內中資超市美帝品牌全下架"。相信一出，大家會知美帝在中資超市有幾多利益，又唔算入美帝對中國出口。當然倒過來美帝超市，都可以來個中國製造全下架。但品牌是美帝的，又去了美國，下架似乎傷美帝品牌多於中國製造商。
仲唔掂，仲有兩招叫"國內中資線上線下商城美帝品牌全下架"，以及"同仇敵慨改食麥當福、肯德上校婆婆，山西薄餅店同改飲港式咖啡"...
當然，現在諗都就好過份，做就更加唔多好。因為超市可能無左三分之一貨，商場關左三分之一食肆，同無左三分之一體育用品專門店。但當美帝逼到埋身，走投無路，似乎又唔係唔可能出的牌喎。但既然美帝唔計這些落美帝對美出口，佢應該唔多介意中國國企民企出這些無謂花招的。
小弟又夢遊亂噏了...
如果再惡化下去，只好你不仁，我不義。
刪除現時仍是開局，下一部只可打市場戰，大家全輸。
我真不希望，但我不害怕，我的投資組合能頂上十級地震。
佢一早(美國政府)已找蘋果談，就係防中國封殺。
刪除