17-06-2020, 05:31 PM
(17-06-2020, 12:33 PM)Barefoot Wrote: 10% up today at SSE, the maximum daily trading stop.
All thanks to you and the TCM thread that you started, I took a look at Tianjin that was listed in Singapore.
Took the plunge at open to buy into it! Didn't expect the price action for the rest of the day...
Reasons for buying
- 5% dividend yield that's sustainable
- Shinewing seems like a reputable auditor in China, even though there are lots of instances that a reputable auditor might not guarantee quality work (Noble, Best World, Thomas Cook, NMC, Wirecard... you get the idea)
- the massive discount between A shares and S shares
- the impending change in control, effectively making it no longer an SOE
- the change in control raises the chance of delisting the SG listed shares and place them out in China
- in the current environment whereby multiple conglomerates are looking to delist overseas and relist in HK/China, its a much more accepted and common development
All thanks to Barefoot! A very good one day pop...
Please do your own due diligence. Any reliance on my posts is at your own risk.