Tuesday, May 22, 2012

China Blue Chemical purchased

I have added a few more shares of China Blue Chemical (HK:3983) to the portfolio. The company offers an acceptable yield of 3.7%, is expanding its business, is expected to benefit from better pricing (although this may be limited due to price controls) and has a very solid balance sheet with RMB2.8 billion in cash and deposits as at the last balance date.

I paid HK$5.22 per share.

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