Hong Kong stocks slump to 14-month low, entering a bear market territory

[soros]

33 Chinese property developers covered by Citigroup had their core earnings risen 32% YoY on average, beating the broker's estimates of a 28% increase. GPM jumped to 31.5% in 2018 from 2017's 30.8%. Dividend payout approximated 34%.

Citigroup said developers with better than expected 2018 results include FUTURE LAND (01030.HK) , SUNAC (01918.HK ), TIMES CHINA (01233.HK) , LONGFOR GROUP (00960.HK) , CHINA JINMAO (00817.HK) and RONSHINECHINA (03301.HK) .
The broker forecast the profit growth of the industry for 2019-21 may reach a strong level of 28%, 22% and 18%. Sector top picks are SUNAC, FUTURE LAND, CHINA JINMAO, KWG GROUP (01813.HK) , LONGFOR GROUP and LOGAN PPT (03380.HK).

(Reported on aastocks website at 2019-04-08 16:25.)

[soros]

Are you searching for value stocks ( in China Developers )? .

The share price for many developers has enjoyed a good rise during the past 3 months and some have exceeded the fair value price level , as reported previously on aastocks website .
But some shares are still lagging behind and they can be identified by their Price/Book ratio still below 1 .

Here is my list , assembled from last thursday’s ( 18/4/2019) closing prices.

Sunac ( 1918.HK) last price = $ 41.75 , Price/Book = 3.50
Evergrande ( 3333.HK ) last Price = $25.40 , Price/Book = 2.43
Country Garden ( 2007.HK) last Price = $12.94 , Price/Book = 2.03
China Vanke ( 2202.HK) , last price = $32.30 , Price/Book = 2.01
Longfor ( 0960.HK ) last price = $28.45 , Price/Book = 1.99
China Res Land ( 1109.HK ) last Price = $33.80 , Price/Book = 1.64
China Jinmao ( 0817.HK) , last price= $5.41, Price/Book = 1.53
Shimao ( 0813.HK) , last price = $24.25 , Price/Book =1.19
China Overseas ( 0688.HK) last Price = $ 28.75 , Price / Book = 1.11
Yuzhou ( 1628.HK) last price= $4.42, Price/Book = 0.94
KWG ( 1813.HK) last Price = $ 9.38 , Price/Book = 0.89
Powerlong ( 1238.HK ) , last price = $4.04 , Price/ Book = 0.52
Hopson ( 0754.HK ) , last price = $9.00 , Price/book = 0.31

[soros]

Its occurred to me that the last 4 stocks on my list posted on 22 April ( showing Price/Book below 1 ) would be good picks for income seeking investors.

Yuzhou ( 1628.HK), Priced/Book= 0.94 , Yield 7.45 %
KWG (1813.HK) Price/Book = 0.89 , Yield 6.96 %
Powerlong (1238.HK ) Price/Book= 0.52 , Yield 7.69 %
Hopson ( 0754.HK ) Price/Book =0.31, Yield 4.12%

The approx 7% yield from first 3 stocks gives more income than the current 5.68% average yield on HK Reits

[soros]

Over the top ? HSI = 29,391 ( Closing on 26 Jan 2021)

Meituan ( 03690.HK) $ 378, P/E = 868
Tencent ( 0700.HK) $718 , P/E = 65
HKEX (0388.HK) $ 513 , P/E = 68
Anta Sports ( 02020.HK ) $ 133, P/E = 59

Definitely , these stocks are not for value investors !