Sad to see a long time AEM supporter selling. I believe it still has a lot of potential however it may take a long time. Anyway it's never wrong to take profit. You are still keeping to your old style of betting only in 2 stocks but don't forget that your portfolio size is much bigger now.
I guess since you are in the same industry, you are confident of Haidilao. However restaurants business like Hdl have little economic moat, it's not difficult to replicate. It is very difficult for the Hdl brand name to be as big as say McDonalds. You will need to monitor closely.
I am also invested in Sunsine, it has a much longer track record and there are higher barriers of entry. Good luck on your new portfolio.
Reply to @Pizzaprata : Rental 4% not possible in China as well, shopping mall offer them dirt cheap price in order to increase visitor in their mall. Or they just get places that no one wants. In addition to that they have extremely high table turnover.
Bro I did the same, sold all my AEM between $0.85-$0.90 to secure profit then switch to China Sunsine last Friday at $1.08
So far quite positive!
Sad to see a long time AEM supporter selling. I believe it still has a lot of potential however it may take a long time. Anyway it's never wrong to take profit. You are still keeping to your old style of betting only in 2 stocks but don't forget that your portfolio size is much bigger now.
I guess since you are in the same industry, you are confident of Haidilao. However restaurants business like Hdl have little economic moat, it's not difficult to replicate. It is very difficult for the Hdl brand name to be as big as say McDonalds. You will need to monitor closely.
I am also invested in Sunsine, it has a much longer track record and there are higher barriers of entry. Good luck on your new portfolio.
Reply to @Pizzaprata : Rental 4% not possible in China as well, shopping mall offer them dirt cheap price in order to increase visitor in their mall. Or they just get places that no one wants. In addition to that they have extremely high table turnover.
perception of weakening in car sales and its impact addressed.
Reply to @Bluechipfan : source: wikipedia lol. i remember my lecturer say never quote any stats or news from there.