A few months ago I wrote in my investment journal that I am interested in Air China listed on SSE. The price was 8+ cny at the end of September, but I wrote in my latest investment journal that I believe the price will drop again. At the time of writing Air China is trading at 6.98 cny. However, the PB is still above 1, so I guess I have to wait for another few months.
STI might drop below 3000 in the next few months... It sounds bad. But, today SSE closed below 2500. Can see the blood everywhere... I am thinking when should I average down, however I got very limited bullets, and it is a difficult decision to decide when to enter the market.
I transfer my aud back to sgd this month and realised a loss of few hundreds. The loss is offset by the appreciation of hkd.
I just read Tai Sin annual report. I guess there is nothing special. Increasing competition in the industry and cost of inventory, the profit is decresing when the turnover is increasing. The board even cut the dividend from 1.6 cents to 1.5 cents, but it is not a big deal. I am more concern about their cash flow. Given that the dividend level should be able to maintain at the current level, I will not sell my shares at the moment, but I would not increase my shareholding as well.
Hope everyone can survive in this bear market.
Cheers.
No comments:
Post a Comment