The insiders from the
Yeung's family has been rampantly buying 296.HK quite recently and the highest
price they bought was $1.90, very close to today's (13 Oct 17) closing price of
$1.92.
The last time Yeung's family bought 717.HK heavily within a period was about half a year ago, with the highest price done then at $0.69, higher than today's closing price of $0.66.
The last time Yeung's family bought 717.HK heavily within a period was about half a year ago, with the highest price done then at $0.69, higher than today's closing price of $0.66.
Both stocks can be
considered for long-term investment for their attractive dividend yields and p/e.
But I will prefer 717.HK for its more explosive power of surge when the
securities brokerage sector starts to move up after a period of sizeable
increases in transaction volume on HKEx or Shanghai Stock Exchange.
The stage of the bull run
has come to the second half which means second liners and penny stocks will be
the BB's targets and 717.HK, from past experience, should be market’s darling
soon.
I estimate earnings per
share for 717.HK will be 13 cents for this financial year and this will
translate its p/e to a superb 5.08x. I strongly believe that insiders of 717.HK
will start buying the shares way before 8 Nov 2017 in anticipation of the good
year-end earnings announcement.
I have started loading up
on 717.HK and I am looking forward to a fat year-end angpao from this
investment.
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