Decided to buy HK land
now I have 2k worth of their shares
decided mainly because I think it is not likely US and China will split the world into 2.
For all the rhetoric, they will sit down on a table and work something out in the end.
Even if the worst does happen, at least there is still strong revenue from China and SEA.
HK land current valuation is also very good
PB ratio at 0.25, dividend yield at around 5%.
Very good debt ratio of less than 10%.
Dividend payout ratio is also around Capitaland, which is 30%.
Also they recently purchased a very big prime plot of land in Shanghai
So their properties now are equally diversified between SEA, HK and China.
I bought it with DBS share financing.
It might be less conversative than I wanted.
But hopefully my other shares arrive into the account quicker.
maybe I will top up some cash in the coming months.
If my calculation is not wrong, I can survive a 30% dip, but not a 50% one.
That is valuation about 1 mth ago.
Hopefully I can get it to around 50%.
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