This morning I added a few more shares in China Metal Recycling (HK:773) to the portfolio. The company offers a reasonable balance sheet, good operating cash flow, nice dividend yield on around 5.5% and has a good story to tell (industry consolidation and national expansion). I also like that the controlling shareholder has been topping up his investment either by new purchases or through the dividend elections.
I paid HK$5.77 for the additional shares.
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