Xinte Energy (HK.1799) --- a multibagger

I accumulated more Xinte Energy (1799.HK) shares during December of 2022 in anticipation of a solid FY2022 earnings announcement and at a time this stock was overly punished by Mr Market. The bear trap starting from 21 Dec 2022 to 5 Jan 2023 signalled that this stock would have a solid run before some good news like a profit alert.

Yes, Xinte Energy just issued a profit alert on 19 Jan 2023 that the earnings per share of the company is likely to be HK$10 for FY2022 ending 31 Dec 2022. With this news, the stock price shot up 8.85% to reach HK$17.22 on the last trading day of  the Year of the Tiger and just before the start of the Year of the Rabbit!

The dividend payout ratio was 30%. This will mean the company will give HK$3 as dividend for FY2022 when they announce their result in end February or early March, and this will translate to a dividend yield of 17.4% based on the current price.

Price-earnings ratio is still at an irreproachable 1.63 now. You just need 1.63 years to get back your capital? Yes, just too cheap lah!

新特你最牛
个中有缘由
国策加环保
产能往上溜
顾客下早单
业绩立上游
闷声发大财
兔年不保留

A very good ending to the Year of the Tiger. Here is wishing my followers a very prosperous Year of the Rabbit!

Prescientsuper
http://superphang.blogspot.sg