Bank Of China (HK:3988) is one of our favourite Chinese bank shares. Listed in both Shanghai Composite Index and Hang Seng Index, it is one of the top 4 Chinese bank which is aggressively expanding to overseas.
With P/E ratio at 5, it is not only a high dividend bank shares, the price also has the potential to go up. Since BOC HK3988 retraced from 52 weeks high at HK$5.68 in April to 52 weeks low at $3.25 in September; we think the 42% correction presents a buying opportunity. While we might not see a lower price than $3.25 from now, we are happy to hold 3988 for mid to long term.
No comments:
Post a Comment