I added a few more shares in HKR International (HK:480) to the portfolio on Wednesday. I paid HK$2.88 for the additional shares.
There is no change from my previous reasoning - the shares are still cheap on a discount to NAV basis, the balance sheet looks strong and while the yield in not guaranteed, based on the company's track record I would be surprised if any cut was very significant. I particularly like the fact that the company has not diluted shareholders through placements or issues to management.
Post a Comment