Update on Power Assets 0006.HK

After waiting for an entire month, Power Assets did not reach my ideal price and today is the last day before ex-dividend. I decided to sell 25 lots and let go at HKD 78.3 per share. I kept 5 lots in the portfolio as the dividend and price difference will give me 3.6 lots of shares free of charge. 

Time to move on to the next idea - L Brands.

Price drop more than 50% from the peak.

Picture Courtesy from Google Finance 

P/S = 0.9 < 1
P/Cash Flow = 5.8 < 10

I will start to accumulate on this. When I have time, I will share my new position for Best Pacific International 2111.HK (again thanks to Mr Chia F.L. for his research/contributions).