Shenzhen International Holdings Limited (HKG:0152), an investment holding company engaged in the investment, construction and operation of logistic infrastructure facilities, has seen its stock price double in the past six months with more upside expected from its land ownership within the Qianhai project, says Kok Hoi Wong, Founder and Chief Investment Officer of APS Asset Management Pte. Ltd.
“[A] stock we like is Shenzhen International (0152.HK). When we bought the stock, it was selling at six times p/e and 0.3 times NAV, and was paying a dividend yield of 6%. The stock price has more than doubled in the last six months. We still like it, because the company owns a crown jewel in a place near Shenzhen, called Qianhai, which has been designated as the offshore renminbi center, which is a pet big project of the current president, Xi Jinping,” Wong said.
FOR MORE INFORMATION ABOUT THIS INTERVIEW CLICK HERE.
Qianhai is a significant experimental modern service industries zone in Southern China, and the master plan for the new financial center is expected in Q3, Wong says. He believes Shenzhen International will see its stock rise even further from its investment in this area.
“Although the share price has more than doubled, I think the stock still has more upside, because the value of the land it owns in this area will rise further and hence attract more investor interest,” Wong said.
Prince Frog International Holdings Ltd (HKG:1259) Benefits from China’s Income Growth with Specialty Kids’ Items
June 24, 2013
Man Wah Holdings Limited (HKG:1999) Earning Higher Margin as It Takes the Lead in China’s Furniture Market
June 25, 2013
Caterpillar Inc. (CAT) Eyes $110 Stock Price, $7 EPS as Equipment Production Increases in 2013
May 29, 2013
Baxter International (BAX)’s IVIG for Alzheimer’s Could Drive Significant Performance
March 19, 2013
Hecla Mining Company (NYSE:HL) Share Price Value Doubles in 2016
December 27, 2016
