Ping An Insurance Update

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I am not so concerned about its property exposure since all big local banks in China have loans with the property developers. It is negligible at 1 over % compared to its insurance, tech, etc businesses.

As a corporate, while its dividend of 8.8% may seems attractive, there will be a capital withholding tax of 17% compared to 8% net from LINK REITS. Of course buying in SG dollars , one will have to incur the foreign exchange loss (roughly around 2-3% ) after conversion.

LINK Reit has wider geographical coverage compared to pure Singapore play which is what I like for diversification.

I have a small position in PING AN but am monitoring its share price to catch a better price. No hurry to DCA.

Please DYODD
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God bless, it did rebound from the support level.....up up and away.......
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added some today !

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