After waiting for an entire month, Power Assets did not reach my ideal price and today is the last day before ex-dividend. I decided to sell 25 lots and let go at HKD 78.3 per share. I kept 5 lots in the portfolio as the dividend and price difference will give me 3.6 lots of shares free of charge.
Time to move on to the next idea – L Brands.
Price drop more than 50% from the peak.
Picture Courtesy from Google Finance
P/S = 0.9 < 1
P/Cash Flow = 5.8 < 10
I will start to accumulate on this. When I have time, I will share my new position for Best Pacific International 2111.HK (again thanks to Mr Chia F.L. for his research/contributions).
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