- Buy Tencent at 209.6
- Buy Alibaba at 62.1
- Buy Ping An at 33.3
- Reasons/Notes
- Just adding to my current positions to average down further.
- Thanks to President Xi appointing a cabinet of almost entirely his own people, the market reacted badly to the news and gave a very good discount on HKEx. The valuation for HKEx
Not much progress on my side project this month, due to the COVID disruption, the cost of certain raw materials and shipping has increased. More tests are being scheduled so will wait and see. I have received alarming news of the scaling back of production from this month until the end of next year with a manpower cut. Hopefully, things get better but in the meantime, it is time to scale other hustles. I am working on an old hobby I used to love as a child. Hopefully I can create content with it some day.
