My First HK SDR - Bank Of China (HBND) Is Making Progress!

🌟🌟🌟It is a great feeling knowing that my very first HK SDR $Bank of CN HK SDR 1to1(HBND.SI)$  is making slow and steady progress.  Bank of China is one of the Big 4 Banks in China founded in 1912 with its headquarters in Beijing. 

Bank of China (BOC) has evolved as a central bank, international exchange bank and state owned bank with a laser focus on foreign trade business.  In fact BOC has the most extensive global reach among the Chinese banks with operations in 64 countries and regions. 

For those who are new investors, an SDR represents beneficial interest in a stock that is listed overseas.  In this case it is Hong Kong.  Investors who own SDR would be eligible to receive dividends in Singapore Dollars. 

As a Singaporean, investing in Hong Kong stocks involves foreign exchange charges, custody fees and adherence to the rules of the Hong Kong Stock Exchange.  With this Bank of China HK SDR, I say good bye to these fees. 

For Bank of China SDR, the underlying ratio is 1:1 compared to the other HK SDRs. 

Bank of China has won the "Best Bank in China" and "Best ESG Bank in China  awards from Euromoney in September this year.  These 2 awards demonstrates the industry's positive evaluation of Bank of China's excellent operating performance and the high recognition of related work in ESG field. 

Bank of China has a forecasted earnings growth of 5.31% annually and a reliable dividend yield of 6.94%.  Bank of China's earnings over the past 5 years have grown by about 5.2% per year, underscoring consistent performance.  Its valuation, trading at 68% below its fair value estimate, suggests potential upside, aligning with its strategic initiatives and market positioning.   

Bank of China's strategic focus on expanding into new geographical markets such as South East Asia, would bolster revenue streams.  In addition to that, digital transformation across industries, presents a chance for innovation especially through AI driven initiatives. 

Bank of China is also supported by the recent stimulus measures by the Chinese authorities to kickstart the economy.  

I invest in $Bank of CN HK SDR 1to1(HBND.SI)$ with a strong conviction that it is a  fundamentally sound business with the backing from the Chinese authorities and its future exponential growth as it expands its global reach worldwide. 

There is also an added incentive to invest in the other 4 HK SDRs as Tiger Brokers have a commission free promotion until the end of 2024. 

Go Long Go Strong Go $Bank of CN HK SDR 1to1(HBND.SI)$ 🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰

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