Chong Hing Bank (1111)
Chong Hing Bank Ltd. engages in provision of banking and related financial services. It operates through the following segments: Corporate and Retail Banking Services, Treasury, Securities Dealing and Other. The Corporate and Retail Banking Services segment provides lending and trade finance facilities, consumer financing, overdraft facilities, mandatory provident fund services, fixed deposits, current and savings accounts, credit cards, and personal wealth management services. The Treasury segment comprises inter-bank placement and deposit transactions, management of overall interest rate risk and liquidity of the company and centralized cash management. The Securities Dealing segment engages in the securities trading, stock broking and futures broking. The Other segment comprises investment holding, insurance, other investment advisory services and property investments. The company was founded in 1948 and is headquartered in Hong Kong.
|Market Price at 17-11-2017
|Price to Earnings Ratio
|Return on Equity (ROE)
Blog posts that reference Chong Hing Bank:
Thursday, November 13, 2014
A while back we had the pleasure of meeting Steve Macdonald, a co-founder of boutique Sydney-based investment firm Infinitas Asset Management.
Steve’s investment philosophy is unique. His first whitepaper, Investing Like A Woman, discussed the distinguishing investment patterns commonly found amongst female investors, which typically lead to better investment returns.
Steve’s latest whitepaper, The Value of Women, demonstrates why investing in women pays dividends.
Tuesday, November 11, 2014
A2-rated footwear wholesaler and retailer RCG Corporation (CODE:RCG) has negotiated tough retail conditions better than most other stocks in the consumer discretionary sector.
RCG finally felt the pinch in 2014, with traditionally strong like-for-like sales growth slowing. Despite a blimp in its share price, Skaffold’s Earnings chart for RCG proves its strong and consistent earnings ability.
With steady earnings per share growth forecast to continue in the near to medium term, the company’s recent low of just under $0.60 cents may represent a bottoming in its share price.
Tuesday, November 12, 2013
Refusing to lock-in profits on a stock that’s become seriously overpriced just to avoid paying tax is as irrational as favouring an investment due to tax considerations over the underlying merits of the investment itself.
To ensure that a short sighted approach to tax issues doesn’t undermine the integrity of your overall investment strategy as a value investor - and consequently your investment returns - we’ve identified the most common tax traps and how to avoid them.
While you should do your best to legitimately minimise the tax you pay (on shares), it’s important to remember that paying tax is an unavoidable reality that is only ever triggered by your success as an investor. So if it’s right to realise a profit by selling shares, then render unto Caesar (a la the ATO) the tax owing on it and move on. Remember, companies won’t stay overpriced indefinitely, and certainly not without good reason.
If you have no choice than to sell shares to realise cash to pay tax and no single stock in your portfolio looks particularly overpriced, then sell down your most over-valued stocks first and maintain your exposure to those looking the most underpriced relative to intrinsic value.
Tuesday, November 12, 2013
Today’s #1 article at smartinvestor.com.au, How to build the world’s cheapest SMSF, features an interview with Skaffold’s General Manager and one of our co-founders, Chris Batchelor CFA.
Batchelor is not a fan of short-term trading within an SMSF, arguing that it contradicts the core reason for investing in super. He says constant trading also drives up transaction costs.
Skaffold has developed a stock selection system based on the theory of “value investing” as espoused by Berkshire Hathaway chairman Warren Buffett.
The aim is to buy stocks at prices lower than their “intrinsic value”.
The value investing philosophy is based on the principle that all great-quality companies display similar distinguishing characteristics which contribute to that “intrinsic value”.
The greatest advantage of following a long-term value investing approach when building the share component of your SMSF portfolio is that it is cheap and relatively low-maintenance.
Thursday, November 07, 2013
In January 2013 for the second consecutive year, Skaffold identified five top stocks for Money magazine.
Chosen because of their premium Skaffold Scores for balance-sheet quality and business performance (high return on equity), value for money, future growth opportunities and attractive dividend yield, the 2013 stocks were property developer Cedar Woods Properties (CWP), oil and gas sector services provider Clough (CLO), mining services business Decmil Group (DCG), travel retailer Flight Centre (FLT) and coal industry services provider Mastermyne Group (MYE).
Including capital growth and dividends, $50,000 invested equally across the five stocks returned 28.6% in the period January 11, 2013 to close of trade on September 30, 2013. Add franking credits and the return is 30.2%. Over the same period the All Ordinaries Accumulation Index returned 14.7%. To date the 2013 Top 5 has outperformed the index by 15.5%.