Richman1958.blogspot.com Website Review

On June 30, 2018, Jiahua International (173) had a net as*et value of 11.5 yuan per share; the current price was only 3.87 yuan, and the discount was as high as 66.3%. The debt ratio is about 40%, which is slightly higher than the real estate developers in the same industry. However, the company holds 3.8% of GE Entertainment (027) worth about 8 billion yuan, which can be cashed at any time, and the strong shareholder Lu Zhihe's family strength is also the biggest backing. The current price is 3.87 yuan, the price-earnings ratio is 3.02 times, the dividend yield is 4.65%, and the market price is 12 billion yuan. Declaration of Interest: I hold the above equity rights. If my situation is the same as the couple, I will pay 1.7 million yuan for the RMB fund, and I will buy Huixian Housing (87001), and receive a dividend of about 140,000 yuan per year. This fund has already eroded 300,000 yuan before the fund, which proves that the management is not good, stay here to do it? Try to buy 2 million yuan of government annuity, and receive no interest of 132,000 yuan per year. Anyway, the self-occupied property in Canada is vacant. I also agree with Professor Lin’s suggestion that the property value of $18M is more than 200,000 yuan per year. It should not be a problem. The original 8 million yuan of Canadian and Hong Kong stocks + 4 million yuan in cash, all converted into a basket of high-quality Hong Kong stocks such as CLP, Hang Seng, Henderson, SHKP, Nine, BOC Hong Kong, Hongkong Electric SS, Hong Kong Telecom SS and some high Interest REIT, about 500,000 yuan per year is not difficult. The remaining 2 million yuan in cash. Excluding cash, the above as*ets can generate a pas*ive income of about $1M per annum. If you spend an annual amount of 1.2 million yuan, you will only owe 200,000 yuan. You can use it from the principal, and you can eat enough if you don’t eat enough. Going to heaven, the old is in the bank! Wharf Property (1997) has total as*ets of 276.5 billion yuan, including investment property of 259.1 billion yuan (mainly 181.8 billion yuan in Harbour City and 57.8 billion yuan in Times Square) and net debt of 41.2 billion yuan. The company's market value is only 148 billion yuan. Value? Jiuji's core profit is rental income, which is quite stable. It is not difficult to maintain a dividend of 2 yuan per share per year, and the company is large enough and the as*et quality is good. It is a high-quality interest-bearing stock. The current price of 48.75 yuan P/E ratio of 8.6 times dividend yield 4.1% The market price of 148 billion yuan in addition to gas, Henderson also holds Hong Kong Ferry (050) 33.4%, Miramar Hotel (071) 48.1%, Henderson Development (097) 69.2%, sunshine Property (435) 16%. The current price of 39.85 yuan P/E ratio is 5.76 times. The dividend yield is 3.9%. The market price is 175.3 billion yuan. Closing the market at 26156, down 664 points. The Hu family has a private union and (054), but only holds more than 30% of the equity, the bid is low, but there are so many street goods, it is difficult to make things happen. Bo made me earn more than 20,000 yuan. When Bowu went back to the original price, I earned several thousand yuan. It took another few months to get results. The Midland Group issued a profit warning. This is also expected. The business of the property agency period is extremely cyclical. The relationship between fixed expenses and income is not proportional. The company's as*ets are weak, goodwill may be the biggest as*et, the real estate winter has just begun, it seems that this industry has a row!