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Subsidiary investing
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Investment policies
and strategies
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More than
80% of Pasture's capital will be invested in a portfolio of shares and/or bonds issued by listed
and private companies.
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Pasture's practice is mainly the "bottom-up" approach.
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Pasture will only manage a
single portfolio of shares, bonds, and investments in private companies. It
would be a well-rounded portfolio of 15 to 20 companies, possessing excellent
management, business and financial strength, and offering suitable upside
potential.
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We will not carry out any margin
and short selling activity.
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Less
than 10% of the capital will be in short term buy and sell activities.
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We will not sell any of the stocks
unless the fundamentals of the company weaken due to nonsystematic risk.
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Cash pending investment will be
placed in bank deposits in any currency, bonds or treasury securities issued
by the government of Hong Kong or the government of the United States, for
the purpose of protecting the capital value of the Company's cash assets.
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Throughout the holding of the
stocks, if the fundamentals of the companies remain the same but stock
prices decrease due to market fear or systematic risk, Pasture will purchase
more shares if cash is available.
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We will not intentionally choose
different companies from different industrial sectors, since some industries
may be beyond the scope of our understanding. However, we will not
put all our investment in a single industry or company.
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We will keep the annual
turnover rate of Pasture's portfolio at less than 20%.
For
more details, interested readers can
contact us
Pasture Investment Corporation
Limited
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