Sold ICBC (1398.HK) at a small profit

I sold ICBC - Industrial Commercial Bank of China (1398.HK) at HKD6.68 on Thursday, the day before Good Friday as it climbs up higher based on the charts. Take profit first due to the short term volatility.

This will be my 3rd time trading ICBC - at a profit. A good counter to trade in HKSE.

Still, I remain optimistic on Chinese state-owned banks, primarily the international expansion of ICBC pushing across boundaries. Maximize the growth trends. 10 years ago, I will not expect a Chinese ATM in Madrid or Milan. Now, it's different.

I will buy in again should Mr. Market offers me at a better price. My next "buy" target is somewhat around HKD5.60 and below.

We'll see.

Comments

Post a Comment

Popular posts from this blog

Reflections in 2018 with objectives in 2019

Image
It’s the time of the year again – reflections in 2018 and new targets in 2019.    Just like a company performance review, it’s good to take a pit stop.   I hope my post below serves as an inspiration to many or perhaps to reflect back on where you are and what you plan to do in 2019. Every individual is different - this makes us very special in our own way.    For me, in investment - it’s always good to “be open but pragmatic, have a stronger conviction and guts to proceed but make sure it’s something you truly understand." In case you will like to read my end year post for 2017 – it’s written here .  Things which I did in 2018 To have one or two “killer stocks” in my portfolio I still hold on to Keppel Corporation, a local conglomerate that I believe will reap in future earnings potential from a multi-pronged strategy.   The new growth drivers are properties (especially in Vietnam) and urban solutions.   Keppel Urban...
Read more

Multiple sources of income - the origin

I am always on the look out for MSIs (multiple sources of income) to increase my wealth position. Hopefully, I am able to reach my targeted financial goal. The MSIs should be consistent with steady inflow over one calender year and not a one-off gain or lumpy earnings. After much thoughts, I decide to list down the places where money is able to work for me harder and not I work for money always: (a) Savings (b) Bonds (c) Shares that has potential for capital appreciation (d) Investments that generate dividends - (e.g. shares) (e) Real estate investments (f) Rental income from properties (g) Owning my own business (h) Commissions (i) Referral fees (j) Franchising fees (k) Consulting (l) Endorsements (e.g. celebrities) (m) Royalties (e.g. books, CDs, seminars, games, inventions, software etc.) (n) Network marketing (o) Online - (e.g. affiliate programs, per click etc.) My next aim is (e) and (f) - what about you?
Read more

Why you should have a financial balance

Image
I read many articles that talk about prudence and frugality. The message across is a timely reminder as an individual should not spend beyond their means, especially the high inflationary pressures in Singapore. In other words, think about saving first (paying oneself) before paying off your bills, much least spending the extra cash. Think about your emergency fund first. Think about delayed gratification, so that you can build your cash flow. However, being superbly obsessed with every dollar and cent may bring you to the point of over practicality, such that you get upset if you spend twenty cents more over a cup of coffee. What I mean is, you hold the reign of money in such tight control that you forget the essence of life’s little pleasures - your wishlists, hobbies or self-gratification pursuits. These activities need money, no matter how less or more it is, to fulfill your desired life's journey. It can be a backpacking trip, a dance workshop, a craftsmanship apprentice ...
Read more