$Keppel DC Reit (AJBU.SG)$
lol DPU dropped by 3% but share price dropped by 10% over two days, time to load up
lol DPU dropped by 3% but share price dropped by 10% over two days, time to load up
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$Hang Seng TECH Index (800700.HK)$ LOL chill guys. It is falling because broad market (Including US market) is so. Nothing we can do here.
$Futu Holdings Ltd (FUTU.US)$
Guys lets view this rationally. I just finished my homework.
This statemement by 孙天琦 (The monetary stability guy in China who issued this damming statement), was delivered as part of a public think tank event in China (Link below). The statement was purely his personal opinion, not some statement issued out of Regulator's office. This is likely just his personal opinion.
Also, this was also not the first time he said something like this. In Jan 2020, he said something similiar too （Link attached). Cross border payment have been always his focus of work. Be it this statement or 2020's stateemnt, he have been vocal over the legality of "Cross border payment". Likely his concern is that China resident will use this loophole to launder money and buy shares overseas.
I think this is just another case of high profile ppl's slip of mouth, thereby causing market crash. His word have been taken wildly out of context and overblown.
1.) Sun's previous comment.
http://finance.sina.com.cn/zl/china/2020-01-10/zl-iihnzahk3176509.shtml
2.) Full news on this current statement
http://finance.people.com.cn/n1/2021/1028/c1004-32267651.html
Guys lets view this rationally. I just finished my homework.
This statemement by 孙天琦 (The monetary stability guy in China who issued this damming statement), was delivered as part of a public think tank event in China (Link below). The statement was purely his personal opinion, not some statement issued out of Regulator's office. This is likely just his personal opinion.
Also, this was also not the first time he said something like this. In Jan 2020, he said something similiar too （Link attached). Cross border payment have been always his focus of work. Be it this statement or 2020's stateemnt, he have been vocal over the legality of "Cross border payment". Likely his concern is that China resident will use this loophole to launder money and buy shares overseas.
I think this is just another case of high profile ppl's slip of mouth, thereby causing market crash. His word have been taken wildly out of context and overblown.
1.) Sun's previous comment.
http://finance.sina.com.cn/zl/china/2020-01-10/zl-iihnzahk3176509.shtml
2.) Full news on this current statement
http://finance.people.com.cn/n1/2021/1028/c1004-32267651.html
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$Futu Holdings Ltd (FUTU.US)$ ok sensible discussion here.
Based on annual report, it seems that Futu is fully licensed by HKMA to conduct its operations in Hong Kong (Type 1 to 9 license). Its legal entities are mainly set up in Hong Kong, with only 2 entities in China. I could not find much information on their client's distribution, but my guess is that most of their clients are outside of China (HK, SG).
Do u think the market's panic mode is justifiable, or just being in blind panic?
Honestly, i got burnt very badly from this price jump. But i need to know if this is even justifiable.
Based on annual report, it seems that Futu is fully licensed by HKMA to conduct its operations in Hong Kong (Type 1 to 9 license). Its legal entities are mainly set up in Hong Kong, with only 2 entities in China. I could not find much information on their client's distribution, but my guess is that most of their clients are outside of China (HK, SG).
Do u think the market's panic mode is justifiable, or just being in blind panic?
Honestly, i got burnt very badly from this price jump. But i need to know if this is even justifiable.
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$Futu Holdings Ltd (FUTU.US)$ my question is.. why drop so little? i need to buy more 😭
TP from JPMorgan = $100+ this stocks potential is good.
TP from JPMorgan = $100+ this stocks potential is good.
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$PING AN (02318.HK)$
I hold Ping An at an average cost of $63 (cries), after this round of bloodbath, i will be holding, but ready to buy more at $45. Here's why:
- No point of exiting, current price point of $53 its already too late for me. Should have done so on $59.
- The drop really is more of sentimental reason due to Evergrande and slower than anticipated China economy growth, and most importantly overall pessimistic mood of HSI.
- In longer run (4-5 years), still looking forward towards its insurance agent quality reform. Given the drastic drop in agent quantity (~15%), its revenue loss of (~1%) seems commendable to me.
- Core margin solvency ratio @230.9%, way way more higher than 50% regulatory requirement. Particularly important especially after Evergrande fiasco.
Ping An's investment portfolio:
- Its investment portfolio consist mainly bonds of AA and above (>99% of its bond holding). Bonds accounts for ~68% of its investment portfolio (I think its a bit overly conservative, but its probably good for this kinda uncertain climate).
- Its equity portfolio ~16% of total port. Based on Annual Report, property sector accounts for ~1% of total port.
Hence, I think allegations that Ping An's property investment portfolio is a failure is overblown. Even at extreme stress case where its property portfolio blows off completely, it should only impact 1 or 2 quarters of its net income. But if that scenario ever comes, not only Ping An, the entire China economy will fall.
Comfort is also drawn that Ma Ming Zhe (CEO) and his team just increased their stake in Ping An on early Sep 2021, a vote of confidence in the Company they ran.
But given the market's sentiment (albeit irrational), i think it would probably further fall to a support level of $49. I will time my reentry ard $45~50. And another 500 unit every subsequwent 10% fall again.
I hold Ping An at an average cost of $63 (cries), after this round of bloodbath, i will be holding, but ready to buy more at $45. Here's why:
- No point of exiting, current price point of $53 its already too late for me. Should have done so on $59.
- The drop really is more of sentimental reason due to Evergrande and slower than anticipated China economy growth, and most importantly overall pessimistic mood of HSI.
- In longer run (4-5 years), still looking forward towards its insurance agent quality reform. Given the drastic drop in agent quantity (~15%), its revenue loss of (~1%) seems commendable to me.
- Core margin solvency ratio @230.9%, way way more higher than 50% regulatory requirement. Particularly important especially after Evergrande fiasco.
Ping An's investment portfolio:
- Its investment portfolio consist mainly bonds of AA and above (>99% of its bond holding). Bonds accounts for ~68% of its investment portfolio (I think its a bit overly conservative, but its probably good for this kinda uncertain climate).
- Its equity portfolio ~16% of total port. Based on Annual Report, property sector accounts for ~1% of total port.
Hence, I think allegations that Ping An's property investment portfolio is a failure is overblown. Even at extreme stress case where its property portfolio blows off completely, it should only impact 1 or 2 quarters of its net income. But if that scenario ever comes, not only Ping An, the entire China economy will fall.
Comfort is also drawn that Ma Ming Zhe (CEO) and his team just increased their stake in Ping An on early Sep 2021, a vote of confidence in the Company they ran.
But given the market's sentiment (albeit irrational), i think it would probably further fall to a support level of $49. I will time my reentry ard $45~50. And another 500 unit every subsequwent 10% fall again.
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$PING AN (02318.HK)$
Aiming to buy another at 50. current WACC at 63
Aiming to buy another at 50. current WACC at 63
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$PING AN (02318.HK)$ this company deserves a higher valuation. CAGR of 21% but trading at PE 6.7? sounds like a buy to me.
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$SMIC (00981.HK)$ i would think the valuation still expensive for this company. PE at 19 but could not even produce 7nm chips as of yet (the world is currently at 5nm, planning for 3nm). TSMC the leader is trading at 30. I think the valuation needs to be at 15 for it to be suitable for me.
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$PING AN (02318.HK)$
$65 support have been breached.
On a side note, seems like$65 support level is quite strong. think theres someone trying to hold on this level?
$65 support have been breached.
On a side note, seems like$65 support level is quite strong. think theres someone trying to hold on this level?
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haroit27 OP : make sense, but we should have observed a similar tend on 6 Oct if this indeed a determinant factor. my worry is that there's some insider play if the drop cannot be justify by both DPU and 10Y yield
haroit27 OP : think this is a reasonable point for me to enter the first tranche already. what's the price point at 38.2%?