Friday, August 17, 2012

China Construction Bank purchased

This afternoon I also added a few more shares in China Construction Bank (HK:939) to the portfolio.  It offers a 5%+ yield and is selling on multiples (price to book, PE and dividend yield) which are well below long term averages - in effect assuming NIM compression, slow down in loan growth and/or write downs will be material.

I paid HK$5.39 for the additional shares.

As an aside, I need to start looking for some additional shares to add to the portfolio and (work permitting) hope to spend some more time reading annual reports etc over the next few weeks.

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