bullish

Xinhua Winshare (811 HK): Still the Place to Be

1.2k Views24 Oct 2023 08:00
Recent share price pullback is overdone. It is attractive with solid revenue growth, and minimal exposure to economic slowdown and global tensions. Net cash equals 109% of share price with ROE of 12%.
Boomeranged on Thu, 28 Mar 2024 08:51
XW's FY23 earnings grew 13.1% and a DPS of Rmb0.4 was declared. At end-FY23, net cash equals 95% of share price. The market may be disappointed that payout ratio remains at 31%, but this is not a concern. Its 6% dividend yield is close to perpetual (its net cash can pay same dividend for 17 years) due to its strong financial position and cash-generating ability. YTD, the share has gained 16%.
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Rising
Osbert Tang, CFA
HK/China Equity Long-Short
Hong Kong & ChinaIndustrials & UtilitiesEquity Bottom-UpThematic (Sector/Industry)
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