Before you act on anything you read here, read this first.
Trading852 is run by one person. There is no company behind it, no fund, no financial advisory firm, no team of analysts. Just someone who reads filings and writes down what he sees.
Nothing on this site is investment advice. Nothing here is a recommendation to buy or sell any security. The analyses, opinions, and numbers published on these pages reflect personal research and personal views — nothing more.
I am not a licensed financial advisor. I am not a broker. I am not acting in any professional capacity when I write here. I have no fiduciary duty toward you. I do not know your financial situation, your risk tolerance, or your investment goals.
I look at Hong Kong-listed companies. I read their annual reports, their interim results, their HKEX filings. I try to understand what the assets are worth and whether the market price reflects that. Then I write about it.
That is it. A personal research log, made public.
Some of what I write will be right. Some of it will be wrong. Markets are uncertain, filings can be misleading, and my analysis is imperfect. I make no claim to the contrary.
If something I write makes you curious about a stock, treat that as a starting point — not a conclusion. Read the company's own filings. Cross-check the numbers. Understand the risks. Make your own decision.
Investing involves the real risk of losing money. That includes losing all of it. Past results, whether mine or anyone else's, do not predict future performance.
At the time of writing, I may or may not hold positions in the securities discussed. I do not receive any compensation — from companies, brokers, or anyone else — for anything I publish here. I have no financial relationship with any company mentioned on this site.
If that changes, I will say so explicitly in the relevant article.
I try to get the numbers right. But figures can change, filings get restated, and I am one person reading documents in my spare time. If you find an error, I want to know — but I make no warranty as to the accuracy or completeness of anything published here.