The last dividend of $PEP (-0,92 %) for the 3rd quarter is also in the vault. Final spurt 2024 can begin.
After my dividends in Q2 (net -9.7%) were somewhat more meagre (reallocations, cuts, postponement to other months), the books show a plus of 37.4% for Q3. I have therefore almost reached the full result for 2023.
My portfolio rocket of the last week is $2318 (+0 %) (PingAn), my only China investment. My purchase price has not quite been reached again, dividends continue to flow nicely and I remain optimistic.
Yahoo Finance: „The company sold the bonds due in 2029 with a coupon of 0.875%, according to a statement to the Hong Kong stock exchange on Tuesday. The initial conversion price is HK$43.71 per H share, representing a premium of about 21% over the stock’s closing price in Hong Kong on Monday. Bloomberg News earlier reported on the deal, citing people familiar with the matter.“
The company’s shares dropped as much as 5.8% in Hong Kong, the most in over a month, to HK$33.95 on Tuesday. Its Shanghai-listed stock fell as much as 4.4%.
am considering increasing my position in Ping An Insurance as the valuation and div looks attractive. However, sales and earnings are down, but this could also be due to the difficult environment in China. Anyone here who can better assess the situation and Ping An?
With Chinese stocks, it is important to remember that political risk is never factored into the valuation and therefore needs to be considered separately. Ping An operates almost exclusively in China and is therefore very dependent on political decisions and, due to its limited business scope, correspondingly very susceptible to political changes. Personally, I would only invest in the Chinese capital market in broadly positioned companies for which damage to their home businesses would not hurt so much. :)
