HK 第21部分; Dollars trading for Pennies
Fashion is not my favorite industry, but who cares when you can buy 1 HK$ of financial assets for c35 cents... AND get a profitable, asset-light business for free?
Characteristics:
Business type: Fashion brand with asset-light business model
Geography: HK listing with operations in China
Market cap: Microcap
ADV: USD 10-50k
Valuation: 4-5x P/E, 4-7% DY, 2-3x FAV/P
Financial health: Strong thanks to considerable FAV
Broker availability:
DG, IB (including residents:US, C, Europe)1,S