I bought 150,000 of China Railway (0390.HK) stock at an average cost of HK 3.56 during the past two months.
The stock had a low price earning ratio of about 3.6 times and a dividend yield above 5%. The price in HK exchange showed a big discount of 43% compared to the price in Shanghai.
The price dropped slightly after I bought them and did not move much for more than a month. I held on to the stock for its attractive dividend yield and low PE ratio.
The price was at $3.35 on 4 January 2021. Over 10 days, it increased 14% to $3.85. I expect it to move up further.
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