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18-02-2014, 10:42 PM
Below are 5 stocks where I have the highest stake in alphabetical order:
Hong Fok (at less than 0.45 P/B; new hotel up in 2018/19, if you don't mind the corp gov + long wait)
JSH (discount to its sum-of-parts using market price for its Jardine companies )
Manadarin Oriental (PER not cheap, but 29 hotels now and 16 under dev, earnings shd grow given time.)
Marco Polo Marine (Earnings should grow with new OSVs from 2H 14 onwards)
Wheelock (HK) (at 0.44 P/B, owned by Third Avenue Value Fund, downside is weaker HK property mkt)
Hong Fok (at less than 0.45 P/B; new hotel up in 2018/19, if you don't mind the corp gov + long wait)
JSH (discount to its sum-of-parts using market price for its Jardine companies )
Manadarin Oriental (PER not cheap, but 29 hotels now and 16 under dev, earnings shd grow given time.)
Marco Polo Marine (Earnings should grow with new OSVs from 2H 14 onwards)
Wheelock (HK) (at 0.44 P/B, owned by Third Avenue Value Fund, downside is weaker HK property mkt)