Readers of this blog would know that I got 8 lots of HPH at IPO from bidding 11 lots. The issue price is USD 1.01 but debuted at USD 0.96. I sold 6 lots at USD 0.95 and 2 lots at USD 0.92. The most amazing thing about this was this. I told my colleague that I was wrong

1. to not avoid this stock as my skill in discerning good stock from bad stock is not good.
2. I should have kept this 8 lots and not sell at a loss. Taking a USD 700 loss is not right.

This stock have haunt me for quite a while and with this volatility in this market, I feel I should revisit this.

Profits, Free Cash Flow

The consensus profits estimate is around HKD 2100 mil. Operating Cash Flow is estimated to be HKD 5390 mil. Capex for the ......