14-09-2022, 06:24 PM
By all measures HK stocks are among cheapest in the world
Index has been in bear market for prolonged period dropping more than 50% from peak. Price to book, PE, Price to free cashflow ....
Now people are just leaving HK after the security law so things are very pessimistic.
Li Ka-shing flagship is selling at PE ratio of 5 and 5.6% dividend yield. Cheapest valuation in its history lower than Asian crisis bottom. This is somewhat interesting as superman Li already moved CK assets out of Hong Kong leaving only the stock listing there.
Many such stocks with the kind of valuation never seen since Asian Financial Crisis.
It looks as if HK is sinking and people are leaving ....
Index has been in bear market for prolonged period dropping more than 50% from peak. Price to book, PE, Price to free cashflow ....
Now people are just leaving HK after the security law so things are very pessimistic.
Li Ka-shing flagship is selling at PE ratio of 5 and 5.6% dividend yield. Cheapest valuation in its history lower than Asian crisis bottom. This is somewhat interesting as superman Li already moved CK assets out of Hong Kong leaving only the stock listing there.
Many such stocks with the kind of valuation never seen since Asian Financial Crisis.
It looks as if HK is sinking and people are leaving ....
![[Image: WvELYti.jpg]](https://i.imgur.com/WvELYti.jpg)
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.