Slight update

Share disposal and purchases

Sold the CCB and ICBC position bought a week earlier. 

Some of the proceeds are used to bought Glorious Sun, which have high amounts of cash and owns CCB, ICBC and BOC shares. (I wrote about Glorious Sun in an earlier post) I feel that Glorious Sun is more worthwhile compared to buying the China Banks directly.

Also bought a small position in Nameson Holdings (1982.HK). It is a knitwear manufacturer, trading at around 5.3x PE and more than 10% dividend. The position is bought for its high dividend yield. 

On T-Bill

I have a T-bill matured last week. Today, I put most of the proceeds back into this week's 6-month T-Bill.

This is because I already have some funds in money market fund and bond ETF (i.e. MBH). So I decide to diversify a bit and put the funds into T-Bill today, even though the T-Bill yield is likely not much (say 3% or slightly lower)

On Current Market

HK market has fall, following the peak on 5 Oct week. Correspondingly, my porfolio value also declined since 5 Oct week. 

Nonetheless, I am still holding on to my HK shares bought before Oct 2024. 

I will continue to hold on to those shares of quality companies. 

For shares bought for their yield / under-valuation only (i.e. not high quality business), I will sell some, if the share prices rise to hit my target prices or there is better opportunity elsewhere.