First HKD stock on Tiger brokers
Bought my first non sg stock from hk. 00939 China Construction Bank.
The most prudent and highest roe among the big 4 banks.
2020 1H results still quite okay. One of the highest NIM compare to the other big 4.
At 5.89 I am expecting around 6 plus percent dividend yield this year with a payout ratio of around 30%
2 big catalyst will be China opening up economy attracting more foreign funds to flow into China and a booming China economy.
There is no way that foreign funds would not buy China banks as they are now valuation wise cheap and profitable.
While waiting for that to happen I will sit tight and collect my high 5% dividend ( due to 10% withholding tax)
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