Thursday, October 17, 2013

Sinolink Holdings - partial sale

This morning I sold some of my shares in Sinolink Holdings (HK:1168) at HK$0.71. These were essentially the same parcel of shares I purchased for HK$0.66 back in August. Net of transaction costs, I made a profit of 7.1%.

I still believe that the company is undervalued (selling at less than cash backing alone with the properties on top of that) and I continue to hold the bulk of my investment in this company.

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