HK:6166: Solid PEG Ratio and Rampant Insider Purchase

Chia Vast (HK:6166) is a gem listed on the HK stock exchange that I wanted to slowly accumulate and I thought I have had the time to also slowly do a good research and introduce it to my InvestingNote's followers but it has run up too fast since my first purchase at HK2.56 apiece on 12 July 2017. It has surged about 18.3% since my purchase and the closing price on 25 Jul 2017 was HK$3.03. But I will buy more if there is a pullback.

(1) About China VAST Industrial Urban Development Company Limited
It is an investment holding company principally engaged in the provision of services in the planning, development and operation of large-scale industrial towns in China. The Company operates its business through three segments. The Land Development segment is engaged in land infrastructure development. The Property Development segment is engaged in the development and sale of properties. The Property Leasing segment is engaged in the leasing of properties. Through its subsidiaries, the Company is also engaged in the provision of consulting and maintenance service.

(2) Rampant insider purchase
I just checked the HKEx and noticed that the boss has kept buying his own company shares with no sign of slowing down: 

Take a look at his rampant buying spree:
Insider              Shares      bought price/share Date
WANG Jianjun 4,000,000 HKD 2.9500            24/7/2017
WANG Jianjun 5,142,000 HKD 2.8800            21/7/2017
WANG Jianjun 5,260,000 HKD 2.8800            20/7/2017
WANG Jianjun 2,500,000 HKD 2.8800            19/7/2017
WANG Jianjun 2,127,000 HKD 2.8760            18/7/2017
WANG Jianjun 1,000,000 HKD 2.8800            17/7/2017
WANG Jianjun 425,000    HKD 2.6745            14/7/2017
WANG Jianjun 375,000    HKD 2.6437            13/7/2017
WANG Jianjun 303,000    HKD 2.5242            12/7/2017
WANG Jianjun 265,000    HKD 2.4600            11/7/2017
WANG Jianjun 48,000      HKD 2.4700           10/7/2017
WANG Jianjun 145,000    HKD 2.4830            7/7/2017
WANG Jianjun 194,000    HKD 2.4790            6/7/2017
WANG Jianjun 2,190,000 HKD 2.4540            5/7/2017

(3) Solid financials
Its financials has been solid:
Based on the closing price at HK$3.03,
Rolling p/e = 6.35x,
Dividend yield = 3.96%
PEG ratio = 0.2288 based on FY2016 growth rate. Simply solid!

China Vast's (HK:6166) market cap is now about HK$4962 m or S$864 m, big enough for easy accumulation and small enough for the price to shoot up fast once the smart money comes in. My target price for HK:6166 is HK$4.77, an upside of 57%!

Superphang
https://superphang.blogspot.sg/

Handsome Profit From Japfa But What’s Next?

This is a follow-up to my earlier post of 11 June 2017: “Japfa – Smart Money has pounced on Japfa, what about you?”

http://superphang.blogspot.sg/2017/06/japfa-smart-money-has-pounced-on-it.html

I have divested all my positions in Japfa. I put in a total of $192,320.2 and my profit was $33,728.8, giving me a 17.5% ROI within about a month. I reckon that this solid performance can be attributed to my due diligence and years of experience.

I mentioned that I used slightly more TA than FA for my entry in my earlier post. And I think Japfa has hit its strong resistance at about 66 cents. A more important reason is that I want to use the money to invest in gems from another growth area.

As 222 China A Large Cap stocks will be gradually included in MSCI emerging market index starting from next June, the market will be changed from one of retail-speculators dominated to value-investing dominated.

And we know that stock market traditionally leads the real economy by six to nine months, and that H-shares listed on HK Stock Exchange are about 26% cheaper than A-shares, it is time for me to uncover some undervalued stocks listed on the HK Stock Exchange.

Superphang

http://superphang.blogspot.sg