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09-09-2016, 10:21 AM
(08-09-2016, 06:43 PM)soros Wrote: The shares are listed on the HK stock exchange closed today at $1.73 and appears to be heading north.
The NAV = $7.29 /share which means the shares are substantially undervalued. The past dividend record is mean to scrooge standards.
Any forum members track this company ?
I think the dividend record is bad because they barely have any realized profits in retained earnings. Most of retained earnings is made up by unrealized investment property revaluation gains. Under HKEX rules, they cannot pay out dividends from unrealized gains.