Wednesday, 5 June 2013

Fong Siling: ABC bank (1288)


Current down turn due to uncertainty in Fed 's Momentary Stimulus plan, poor PMI of China dragged down the HKSE. Despite there is still room of drop, let's us take a look at ABC bank , HK.

NAV(HKD)2.8765
EPS(HKD)0.5607
PE6.40
DPS(HKD)0.1950



Reasons for ABC: 
  1. ROE > 15%
  2. PE < 10
  3. 5 stars world class bank
  4. Dividend yield at 5%
  5. Increase EPS
  6. MOST IMPORTANT THINGS: China is the world second largest economy center with big populations, I can see FUTURE GROWTH for the company is so strong here!!!
  7. Currently almost touching year low! 



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