I used to trade stock in HKEX last year but no more. The risk of trading stocks in HKEX is much higher now. You simply cannot value the company based on its fundamental but everything depends on China Government. One day they put a new rule and a stock can drop more than 20%. They did it sector by sector over the last year and still going on, like Meituan two days ago.
BTW, I believe Selfwealth is not worth to invest right now:
1. The report was crap. Every number looked good and was up except profit. This is interesting, meaning they are burning cash to get more customers?
2. The demand and supply side. Just look at the market depth, no one is buying.
Ann: SWF 1H FY22 Appendix 4D & Interim Financial Report, page-19
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $27.68M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $17.85K | 148.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 54011 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| SWF (ASX) Chart |