Stock action
Added to Mastercard at US$214,38, Adobe at US$273,5 and Visa at US$148 on 18th March and Hong Kong’s Link Reit at HK$68,6 Alibaba at HK$171,9 and China Lilang at HK$4.53 today, 19th March 2020.
I added to China Lilang even though that was not on the targeted list of existing holdings that I was planning to add due to their earnings report released today which highlighted a good handling on their inventory. I expect China’s economy to come out of this deep recession first with the consequential rise in local consumption. I view China Lilang’s share price too pessimistic due to the clarity given on their earnings and outlook report today. China Lilang has a cash rich balance sheet and I was impressed by the quality of their report and their strategy for the rest of the year. It appears to me that this company has a strong management team.
Portfolio page updated.
About Post Author
Billy
After qualifying as a chartered accountant in the UK and working in London for a leading technology company, I moved to Hong Kong in 2000 where I am a permanent resident. I was the original founder of globalstockinvestingtoday.com where I presided over my portfolio during the 2008/9 financial crisis and posted my portfolio actions and performance with a number of his ex Nortel colleagues and friends until 2013 where due to work commitments at BT meant that I could not continue with this site. My 5 year portfolio performance during that time beat the benchmark stock indices of UK, Europe, India, Hong Kong,Australia, Brazil and Japan but not the S&P 500 nor the NASDAQ. My performance was also better than the global mutual funds that were benchmarked except for Value Partners in Hong Kong where we exchanged leads during that time.