As HSI is due for consolidation, there are many laggards in the market to be picked from. One of them would be Get Nice Holdings (HK:0064), a company that recently spun off its securities business to form Get Nice Finance (HK:1469), which surged more than 25% in the last five trading days alone. For the past five trading days, Get Nice Securities has outperformed many brokerages such as Emperor Capital (HK:0717) , which rose 10%; Bright Smart Securities (HK:1428), which rose 10%; and Citic Securities (HK:6030). However, this has not reflected in the price of Get Nice Holdings, which holds more than 72% of stakes in Get Nice Finance, whose price hovered around HK$0.27 to 0.285 in the past five days as of 15 April.
Looking at the history and balance sheets of Get Nice holdings, the company has been giving dividend consistently of at least HK$0.02 a year for the past five years. Yield is at a solid 7% based on current price. The company issued Rights 1 for 2 at HK$0.28 in March 2015. Of the company's current share price, HK$0.18 in each share is cash, i.e. 65% of shares are cash, a sign of healthy financial performance.
It is only a matter of time that this company will be targeted for speculation or acquisition, due to the relatively small market cap, which is only slightly more than HK$1.9b.
Technically or fundamentally, there is no better time to get Get Nice Holdings. Even when it reaches the target price of HK$0.40, the yield will still be a solid 5%.
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ReplyDeleteWith recent surge of Hang Seng Index in the past 7 trading days, many stocks are now more than 20% from their January bottoms, including blue chips such as Henderson Land (HK:0012), Tencent (HK:0700), and Haitong Securities HK:6837). HSI will consolidate in the coming trading days before it can continue its current uptrend, prompted by a more optimistic outlook on the Chinese economy, which recently reported a manufacturing PMI of 50.2, above a forecast of 49.3 from a Reuters poll, returning to growth for the first time since July 2015. That compares with 49.0 in February, which was the lowest reading since 2011.