Thursday, December 01, 2011

NWS Holdings purchased

I added a few more shares in NWS Holdings Limited (HK:659) to the portfolio today, paying an average of HK$10.95 for the additional shares. The company looks comparatively cheap on valuation grounds and is operating what I consider to be a mix or relatively low risk (toll roads) and strategically attractive (water) businesses. The trailing yield of 6.4% is attactive.

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