Matt investment philosophy and strategy - Aug 5, 2000
My hk stock portfilio
ICQ # 82227981
| Purchase Date | Stock # | # of shares | Bought at | Price as of 4/8 | Gain/loss |
| 8-05-2000 | 3 | 800 | $9 | $9.3 | $240 |
| 23-07-2000 | 96 | 700 | $28.55 | $29.1 | $385 |
| 13-06-2000 | 1038 | 2000 | $13.35 | $13.5 | $300 |
| 6-07-2000 | 1071 | 40000 | $1.13 | $1.54 | $16400 |
| 18-05-2000 | 1 | 1000 | $72.25 | $95.25 | $23000 |
| 14-07-2000 | 243 | 1000 | $10.3 | $7.1 | ($3200) |
| 23-07-2000 | 315 | 1000 | $16.7 | $16 | ($700) |
| 2-08-2000 | 13 | 1000 | $110 | $113.5 | $3500 |
| 22-09-2000 | 1044 | 16000 | $2.65 | $2.475 | ($2800) |
Aug plan: I've dumped #4 and others to take profits which I've been waiting for 6 months. I'm happy I didn't lose money on #4 which was under-preformed for whole year. HSBC annouced great result, they made 3.5 billion in USD for 1st half. I still believe this bank will surpass Citigroup someday. My portfilio is very heavy on HK tycoon Li Ka Shing's holdings(#1,13,1038) but he's a Superman. I will buy another lot of #1 Cheung Kong around 90~92 range if possible. China Telecom will reduce the size of its lot from 2000 to 500, that will be in my portfilio as well. However, I only have 20k cash right now. I may have to borrow some money for that.
Please visit Quamnet.com for latest HK stock quote, it's free and live quote.
Matt's investment:
Stocks that I'm watching: China Tel(941), HSBC(5), China Unicom (762)
#1044 Hegan Intl Holding, Hegan raised 33% last month after Stanley Morgan bought 6% of this company. This PE is around 7~8 at 2.475. I've been losing more than 16000hkd on this, however, I'm glad that I keep it till now which I gain back 10k. I will hold on for little longer to see if I can have profit or not since I've been holding this for almost a year. I would have make 2k just to put this 40k on time deposit.
#1071 Shandong Electricity - Compared to other Electricity of China, this is the cheapest. PE is around 6~7 right now, I expect some growth. I hope It can reach 2.0hkd soon so I can take my hugh profit.
#243 QPI - this is a bad investment. But they are making profit so I would just hold on this shares right now since it takes a small percentage of my portfilio.
#315 Smartone - see above #243
#96 WingLung Bank - reasonable price. PE is around 7.
#13 Huchison Whampoa -- Although it's quite pricy to buy a lot of HW(at 113,500hkd minimum), it's worth every penny. HW is bidding for German 3G, they already have UK's and Sweden 3G. They have plenty of cash to invest. I would like to buy one more than but I don't want to borrow too much money.
Buying and Selling in July~Aug, 2000
| Purchase Date | Stock # | # of shares | Bought at | Sold at | Gain/loss |
| 5-07-2000 | 762 | 2000 | $15.42 | $18.8 | $6760 |
| 28-07-2000 | 5 | 400 | $93.5 | $103 | $3800 |
| 20-07-2000 | 4 | 2000 | $16.25 | $17.45 | $2400 |
| 13-07-2000 | 74 | 8000 | $5.15 | $5.75 | $4800 |
| 26-7-2000 | 1186 | 1000 | $15.6 | $16 | $400 |
| 26-07-99 | 1136 | 10000 | $1.62 | $1.68 | $600 |
Feel free to email me at [email protected] to exchange your view on investment .
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