Jan 2025 saw a few changes. I have sold a few of Asian Pay TV Trust shares upon news of its refinancing and purchased Nanofilm and Alibaba shares.
In addition, I have re-bought shares in Yanlord Land. Yanlord is a special play because it is holding valuable Singapore properties. Its share price has taken a beating over the fear of a potential China Vanke collapse. My view is that if Yanlord is able to survive the current China Real Estate Downturn (90% of its business is in Real Estate China), it should experience a re-rating upwards from its current 0.2 times book value. This too may involve partial monetisation of its Singapore assets which will be a plus point.
Dividend Update
As none of the company in the portfolio have reported end of year results, no dividend is received. More company coverage will happen in February as and when they report results. Expected yield is about 5% for 2025.
Composition
Due to the slight increase in share price of Yangzijiang Financial and PRIME US REIT, the rest of the stocks has reduced in percentage. As usual my exposure to China is relatively high at about 55% of the portfolio.
The portfolio has a value of about $691,500.
Hi am an ex holder of Aptv holding 200000 shares at once at a price of average 50 cents and suffered a drop till current price till now have sleepless nights may I know will the price go up ever again to at least 30 cents in the long term please? Thank you.
ReplyDeleteHi I doubt it will ever go back to 30 cents, the old era of giving divdend while taking on debt is gone. Banks now want APTT to delever as its business is going for long term decline. At best, it will only continue to give 1.05 cents dividend and that means target price of 12-13 cents
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