1. Hong Kong Market >>Hope Well Highway Infrastructure (0737.hk----HKD 5.00).
i) Defensive counter with solid business model (collect cash just like PLUS Malaysia)
ii) Healthy balance sheet with strong cash flow.
iii) Dividend payout ratio up to 70% of EPS. 1Q09 EPS-HKD0.19..annulised should be HKD0.76. Provide dividend yield of approximately 10%
iv) Previous was HKD 7.80 level. If China market going to move further, the shre price may go up to HKD6.5 with PE still less than 10X.
vi) Even the China market temporary adjust downward, this counter is good to accumulate.
No comments:
Post a Comment