Followers of my portfolio that is mostly Hong Kong focused will know that i have held onto Wai Kee Holdings for quite a duration
Having been to its AGM back in 2019, i was pretty confident of the company’s execution and plans. As they mentioned culture tourism, hong kong development projects as well as diversifying out of China for its expressway and toll operations.
(Slip of voting paper used for AGM Voting back in 2019)
However, in spite of the recent market developments in the property market, i realized that i have about 20% of exposure to the China Property Market in my portfolio. 10% being the light assets (Central China Duos which have been the delinquent duo year to date and Yuexiu Prop Service)
The other 10% has been in Wai Kee Holdings (A holding company for Road King and Build King)