Hongkong Land

 I sold all my Hongkong Land at an average price of USD5.1783, making an ROI of 32%. I bought it in early September last year at USD3.90.

I remember I had the following reasons when I bought it then:
The property in Hong Kong had suffered from triple whammies the year before:
1. Rioting in Hong Kong almost throughout the most part of the year;
2. The Coivid-19 pandemic;
3. Close to zero tourist arrival rates and thus higher jobless rates. 

And I knew that Mr Market is forward-looking. Shrewd investors would think that all the woes will be over soon. Technically, the BIG CUP & HANDLE formed should enable the price to propel past US$5.10. 

It took about 6 months for this mission. My patience paid off handsomely. 

Got to move on to other gems. Likely to be a HK stock. 

Superphang
http://superphang.blogspot.sg

CGS (6881.HK)

I have sold $SINOTRANS(598.HK) and made a ROI of about 66.8% within about 6 months. Solid! 

I have also sold $CMS(867.HK) and made a solid ROI of about 58.4% within about 3 months. Not bad!

I worked hard to find CGS, the new gem, to invest some of the above sales proceeds.

CGS (6881) is the smallest of the eight China brokerages that has A+H market cap which exceeds S$20 billion but it has the best financials.

CGS is expected to make EPS of RMB0.71 for FY2020, an increase of 37% yoy. This will give it a very attractive p/e of 5.7x at the current price of HK$4.83.

The China stock market will be getting hotter with its GDP forecast to hit 7% this year and CGS is expected to make more commissions through the hot market in FY2021.

Target price is HK$8.20 which will enable it to reach its average historical p/e.

Superphang
https://superphang.blogspot.sg