Man King is interesting. The problem is as with so many other undervalued HK plays, it lacks a meaningful catalyst for capital growth short of winning some massive contracts which are unpredictable - could just as easily have a lean year or two.
Agree, and for income investors HK market is a dream. But when it comes to growth, they can stay cheap for a decade.
If the B&R company (20% owned) was doing the same construction contracts, it would also be different - but it looks like a coal hauler. Nothing wrong with that (I'm heavily invested in coal), but again lacks growth potential it seems.
Man King is interesting. The problem is as with so many other undervalued HK plays, it lacks a meaningful catalyst for capital growth short of winning some massive contracts which are unpredictable - could just as easily have a lean year or two.
Agree here. But maybe I will find a few things that can be a catalyst. Not too sure, but I'll see.
As long as they can keep their current earnings level, it would be cheap enough to get a good return without a catalyst.
Agree, and for income investors HK market is a dream. But when it comes to growth, they can stay cheap for a decade.
If the B&R company (20% owned) was doing the same construction contracts, it would also be different - but it looks like a coal hauler. Nothing wrong with that (I'm heavily invested in coal), but again lacks growth potential it seems.