At the bottom 57cents, it was over 40% discount to its IPO price and a great place to pick up the stock. Unfortunately i did not because at that time nobody knew where the actual bottom would be. Anyway, 2 years have past and we have all observed price movements, strengths and weaknesses of HPH trust.
Since that bottom in Oct-Nov 2011, it has been trending up 85cents but never crossing it. Recently it broke through (green line) uptrend in mid 2013, I knew it is time for major correction again. This time it is going to test the bottom 57 cents again. What is the fair value of HPH by local brokerages? its constantly ranging between 70-80cents.
Even at the forecasted DPU at 40HKcents/share which translates to 5.2cents (US), buying HPH at 60cents or below will give dividend returns approximately 8.6%. Also giving me a chance to lower by buying price significantly.
Time to be patient and just wait for the opportunity to get HPH at discount price.
*The above is not recommendation to buy or sell HPH, dont speculate. Most financial guru's will put HPH on "HOLD" or "SELL" but try not to let them influence your long term vision. Long term investors should not be swayed by price volatility but instead look at returns on investment and gradual growth in portfolio size over time.
Will HPH go lower; l am certain other investors are having the same question on those stocks in their portfolio which are nearing or at their 52 weeks low at the moment. No one knows for sure really especially when the local stock market is not moving in sync with other major stock markets. Eventually, when the big market crash happens then you can hear everyone saying, “l told you so.”
ReplyDeleteHahaha, there will always be someone who says "I told you so" whichever direction the market goes. Unfortunately HPH moved up slightly in the past week, never really hitting my target buy price. For those investors still in it for the long run, its good to take another shot at HPH around 65 cents.
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