Wednesday, September 16, 2020

Sinotrans H Share is grossly undervalued

中国外运长航集团有限公司, a substantial shareholder, bought 5.3 million shares of Sinotrans 中国外运 (601598), the A Share equivalent of 958 of H Share on 15 Sep 2020 (through 集中竞价的方式) with a total outlay of CNY18.2866 million or about CNY3.45 per share.

 

CNY 3.45 is about HK$3.948. This is at 2.077x of the H Share of Sinotrans (598).
With dividend yield at around 7% and price to book at 0.443x, I will keep it for the long haul.

 

Superphang