Rolf’s Updates of Recent Stocks Buy and Sell

“BUY”

Bank of China 3988.HK – Price 2.77

4 of the top 5 biggest banks in the world by total assets are from China. They are Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC) and Bank of China (BOC). Only JP Morgan is within top 5 in 4th position. With no banking stocks in my portfolio, I look into Chinese banks. Below is a table comparing the 4 banks and I decided on BOC.

Price HKD Fwd Yield % P/BV PE 52 wks range
ICBC 1398 4.47 7.25 0.55 4.65 3.96 to 5.75
CCB 0939 5.77 6.88 0.61 4.92 4.93 to 6.74
ABC 1288 2.75 8.25 0.44 4.09 2.38 to 3.30
BOC 3988 2.82 8.58 0.41 4.14 2.33 to 3.17

Alibaba 9988 – Price 166

Average down on Alibaba to get an average price of 209 per share. Previously was 239 per share. I still have a lot of confidence in BABA.  The fundamentals are still extremely sound. Was hoping that Ant Group can revived its IPO. This is after news that stated-back Chinese firms are set to take sizeable stake in the company.
Read: EXCLUSIVE Chinese state firms to take big stake in Ant’s credit-scoring JV -sources

Keppel DC Reit AJBU.SI – 2.53

KDC REIT just announced the acquisition of 2 data centre buildings in Netherlands for S$59.9 million this week. KDC REIT’s manager expects the acquisition to be accretive to the DPU and the occupancy increase by 0.1% to 98.1% with a WALE of 6.8 years. With the world moving rapidly to digitise more businesses, I continue to put my trust in Data Centres.

Fraser Centrepoint Trust J69U.SI – 2.29

Despite Covid, it is very hard to believe that Singaporeans will not visit heartland malls. And with the high vaccination rate and country’s acknowledgement of Covid as endemic, I believe the resilience of FCT will be reinforced.

“SELL”

Valuetronics BN2.SI – 0.6

After collecting the August dividends, I decided to sell  all my Valuetronics share in SRS. With three dividends collected since June 2020 and selling at a tad above my last bought price, I enjoyed a decent 11% return after transactional expenses. Valuetronics’s nearterm outlook is still very challenging. This is after the >42% of her total customers have switched to outside China supplies after the hefty trade tariffs. Also, the company is facing components shortage affecting ability to meet orders. However, the good news is that her Vietnam factory is still on track to be opened by End next year. Will revisit the counter again if opportunity arises.

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