Bought another 1,700 shares of HongKong Land on 4 Aug at USD3.73
This is in additional of:
(i) 10,000 shares bought on 1st Aug 2019 at USD6.10 (Link)
(ii) 2,000 shares on 29 Aug 2019 at USD5.44 (Link)
(iii) 2,000 shares on 21 Feb at USD5.36 (Link)
(iv) 1,500 shares on 10 Mar at USD4.65 (Link)
(v) 4,000 shares on 27 May at USD3.50 (Link).
This bring my total holding to 21,200 shares.
Reasons for buying:
1) Expected 1H 2020 result announced on 29 Jul
Hong Kong Land released their 1H financial result on 29 Jul (Link).
Apart from the COVID19 situation, Hong Kong also faced with their own political social unrest for the past 1+ year.
Thus, given the 1H 2020 result, I feel that it is quite good as compare to other property developer company.
Dividends maintained at 6 cents too (As expected and mentioned this in my Aug 2019 purchase Link).
HongKong Land should not have any issues maintaining or increasing their dividends in the near future....
