Wednesday 9 May 2012

Bank Of China
 Undoubtedly, China is the growing star of the next Financial Giant! With recent disposal of 4 % of shares by Tamasek, there is a huge drop in share price of HK  3.3 to HK 3.13 and now with the Europe's Financial Crisis re-emerged from the surface, it faces a heavy sell down the PANIC peoples. People who are far sighted e.g PING AN (02318) , CHINA LIFE (02628), Soros and Morgan Sze, a former global head of GSPS, had absorbs those shares! 


Looking from the good side, coming > 5% dividends in June 2012. ( RMB 0.155) , the share price looks attractive! 
Whether it will be able to sustain at current level still depend on sentiments in CHINA and EUROPE ( Greece, General elections... etc). 


I am very sure in this company! why ? 5 star BLUE CHIP trading at PE of 6 and dividends of > 5 %!  This fulfilled the criteria of GROWTH+ TIME+ AGAINST the ODD! ( almost new low again! ) Downturn is always a Chance for collecting!
Questions to ponder: when to collect to get the maximum gain? 


For sure i can tell you , the BOC (3988) share prices will shoot up like no tomorrow. 
IT is just the matter of TIME!


1 comment:

  1. Waiting for reversal of market before entering...... FUll Green WEEKly bar

    ReplyDelete