ICBC had rocked the HKSE with shoot up to HK 5!!! wow! Awesome Return!
Based on the TA, uptrend is still intact, resistant at HK 5.6.
But , FA always the best! ROE 20% ++ Dividend of 5% for 5 star world class stock!
Let's us discuss about value of NTA since ICBC is top 3 WORLD brand!!!
A successful business living in the leading position in the industry. This fact alone is valuable.
(1) successful enterprise necessarily relevant products occupy a certain market new products to have a share, easier said than done. Therefore, the market share is valuable.
(2) followed by technology. When a company has the technology to manufacture high quality products or special products, the technology itself is valuable intangible assets.
(3) Third, is talent. The success or failure of the enterprise, whether the talent is the key, in particular, require special knowledge, skills and experience in the service industry. Such as financial institutions, information industry, the press, and so on. Some companies in the acquisition of other businesses, adhere to the original talent to remain a number of years before they agree to contract, that is, for this reason.
(4) place of business is also valuable, such as the banking sector. If you already have a bank branch in the same street, usually the National Bank will not approve another bank to establish a branch in its vicinity. Therefore occupy a key position in the branches, and is also valuable.Similarly, rent to superior status, crowded stores bits itself valuable.
(5) farming and industry, the company has a good location of the land, its stock should be higher than the value of tangible assets is reasonable. Such as good agricultural land have been listed company monopoly, again to establish the same scale of the company even more difficult, so the value of the stock should be higher than the net tangible assets per share is reasonable.
(6) The enterprise system is also valuable. For example, the financial industry, basically rely on the system to manipulate. Establish a system takes time, so the system is an intangible asset.
(7). Especially relations with old customers, but also valuable intangible assets.
(8) Time is intangible assets. At least to establish a successful enterprise for 10 years, eight years. During this period, the company to pay an enormous amount of interest to overcome countless difficulties. Some companies prefer to pay a higher price than the value of tangible assets (Premium) acquisition of the off-the-shelf enterprise, which is more cost-effective.
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