HK 第6部分; It's all about the Benjamins

On February 8th, 2024, I introduced my HK portfolio, yielding 7%+. Today, I elaborate on the first of two Benjamins in that sub-portfolio, and I released details on my overall portfolio yielding c5%.

Slash and Puff Daddy : It's All About The Benjamins

Introduction

It took a bit longer to finish this post than I expected. As usual, the stock market does not let itself be dictated where and when good opportunities arise. I felt it was more time-sensitive to first update Biorem and Dolphin Drilling.

Today, we’ll continue with the HK stocks series. I expect this and the Hidden gems series to represent the majority of my substack-focus for the time being. I will complement that with updates on my HK stocks (sub-)portfolio, and the top positions in my overall portfolio. Any requests/comments are of course most welcome.

In an attempt to provide easier website navigation and more content control, I have seperated non-core write-ups; Odd-lots (mostly value ideas) and New & insights as an extra feature on the website, and created a Portfolio section. Fun fact for dividend-minded investors; the overall portfolio is currently generating a dividend yield of around 5%, and the Hong Kong (sub-)portfolio c7%.

Now over to the first of the two smallest holdings in the HK portfolio. Both these companies are proper Hidden gems generating 20% ROICs and solid FCF. Both companies are trading around 8x P/E, but one of them owns its entire market cap worth in (net) cash. So, effectively you can buy it for HKD 0.