Price have been dropping since I picked up 50% at 91 cents. Currently at 84.5 cents on low volume.
The yield now have dropped from my last batch of purchase (almost 9 lots average at 89 cents for a 6.2% yield)
Current yield is 6.5%.
A sign of China Economic weakness or a buy opportunity?
The largest expressway that constitute revenue and profit is the Yongtaiwen Expressway and the smallest is Beilun Expressway. Both of them are linked to Ningbo a busy sea port.
While we can’t be sure the traffic revenue we may be able to have a glimpse of it from taking a look at Zhejiang Expressway (listed in HK) traffic results published monthly.
Except for April where there are free public holidays it looks good.
But note the economic activity may differ between Hangzhou and Wenzhou.
We should start getting CMHP to publish monthly traffic results. I feel its not that hard to do!
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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You can read more about Kyith here.
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- How to Create Nice Separation of Your Investments in One Interactive Brokers Account. - September 15, 2024
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