Closing Nameson
Short and sweet, closing Nameson holdings (1982:HK) here, stock is up 43% on no news, and trading at 5.5x 2024 earnings and a likely 13% dividend yield. I wouldn’t put a higher PE multiple than 5-6x on a stock like this, given that they are a no growth knitwear exporter with significant customer concentration. Was a nice quick trade that worked out faster than expected. Chinese stocks are treating me very well so far.