HK 第40部分; Broker Availability Lists
Going through the carnage on the HK stock market did not show me direct opportunities from the tariff war (yet). You can check for yourself in the Broker Availability Lists.
1. Jaminvest resources
Some useful links to key resources on Jaminvest.
🏷️ - Financial models/templates/et cetera (f🔐)
🏷️ - Hong Kong (sub-)portfolio posts
🏷️ - Portfolio posts (f🔐)
» » - Stock/Company list, alphabetical lists of many of the stocks mentioned
🏷️ - Tutorials including Excel sheets
2. HK 第部分
For newer members on this blog, please find the HK 第部分 recap in footnote 👉 1 .
HK 第部分 index
Going through the Carnage; CLSA Premium up a cool 231%?!?
Broker Availability Lists
Miscellaneous; Board investigation at S-Enjoy Service Group
2.a. Going through the Carnage
I was just going through the carnage on the HKEX to see if I could find something to my liking. Then I quickly noticed… CLSA Premium $6877.hk.
Mmmmm what is happening here? CLSA Premium’s stock is up a cool 231.63% year-to-date!
HKD 660m Market cap
HKD 206m Net cash, as of 2024/12/31
Just from a glance at the 2024 annual report, I understand that CLSA has shut down its Margin dealing businesses (leveraged foreign exchange, commodity and index trading services) in New Zealand, Australia and Hong Kong. Yes, this was a shutdown, as opposed to a disposition (with some sale proceeds).
The Group has commenced the Healthcare business and established an online store through internationally renowned online sale platform in 2022. The Group sells the healthcare products sourced from its suppliers to end-customers and wholesale customers. The healthcare business was organically grown and not as result of a business combination.
The Healthcare business does not look like a slam dunk to me. Profit after tax for the unit decreased from HKD 11.7m in 2023 to HKD 9.0m in 2024. Apparently, Beijing Tong Ren Tang (Cayman) Limited thinks differently. It became the largest shareholder, acquiring a 40% interest from the prior controlling shareholder CITIC Securities.
after the Completion (as defined in the Company’s announcement dated 18 February 2025), Beijing Tong Ren Tang (Cayman) Limited became the Company’s shareholder holding of 40% of the issued shares of the Company and CITIC Securities International Company Limited became the Company’s shareholder holding of 19.03% of the issued shares of the Company
I guess investors are speculating on a bid for the entire company… but I believe it is rather speculative to buy CLSA Premium shares at HKD 0.30+, when Tong Ren Tang has only been paying just over HKD 0.12 per share in its purchases.
Tong Ren Tang seems to have made a smart move, buying some healthcare (retailing?) capabilities generating HKD 9m in annual profit (but declining), at only a small premium vs the net cash position. To investors who bought CLSA Premium stock at almost 3x the price that Tong Ren Tang paid,
