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09 Apr 2024  (1079 Views) 
Tan Kin Lian - Investment Journey

Review of Xinte Energy (1799.HK)
I hold 90,000 shares of this stock. The market value of my investment is HKD 936,000 (SGD 161,000).

The stock price was $21.0 a year ago. It dropped to $10,0 now (drop of 52%).

The current PE ratio is 2.94. The 5 year average dividend yield is 3.29%. There is no forecast for the current year. The book value is $25.46 per share. The current stock price is a discount of 60% from the book value. 

The revenue growth for the trailing 12 months (TTM) showed a growth of 7.7% and the projected net earnings for shareholders showed a drop or 7%. 

I am now able to find a reason for the drop in stock price. I will hold on to my shares, in spite of the disappointing performance. 

Tan Kin Lian 


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