Friday, April 19, 2013

Hutchison Whampoa purchased

This morning I added some more shares in Hutchison Whampoa (HK:13) to the portfolio. Hutchison is one of Hong Kong's most established conglomerates with some very strong business franchises and an increasingly globally diversified portfolio. While the shares are not priced at bargain levels, the price (possibly affected by the port strike) is attractive and I have confidence that, at some point, the shares will trade higher. In other words, the risk of permanent loss of capital is low.

The investment was a substantial one and, combined with my existing holdings, makes HWL one of my biggest individual shareholdings.

I paid HK$ 79.60 for the additional shares.

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