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.
Closing Nameson
Closing Nameson
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.