I hold 250,000 shares of China Petroleum (0386.HK) at an average cost of $4.06 HKD. Four months ago, the stock price reached a low of $2.95. I suffered a paper loss of $277,500 ($47,600 SGD).
I was not worried, as the stock had a price earning ratio of 8 times and a dividend yield of 9%. I could keep the stock for the attractive dividend and wait for the price to recover.
I did not have to wait long.
The price has now recovered to $4.36. Instead of a paper loss, I am now seeing a paper gain of $75,000 ($12,800 SGD).
I helped a friend to invest in this stock during the past few months. He has seen a large paper gain, and also look forward to an attractive yield.
To be fair to the people of the republic, interviews should be picked randomly from at least
ReplyDelete50 people who will be a good representation of what they felt about the budget. Afterall it
is the taxpayer's money not anybody's own money. We should not recycle hand-picked people
who has self-interest, benefitted from the 100 million(oops billions) and who had to say the
right thing because they have a job to keep. At least once, can we keep it unpolitical?
February 18, 2021 9:04 AM