This morning I added some more shares in China VTM (HK:893) to the portfolio. With a trailing PE of less than 5x and a trailing dividend of above 4% the current share price offers attractive fundamentals which are expected to improve further. The balance sheet is sound with a net cash position (although that is likely to change as further investment is made). The fact China VTM supplies raw materials which are of strategic importance to the PRC and in respect of which three global mining companies are industry dominant is an added attraction.
I paid HK$1.52 for the additional shares.