Far East New (1402) has strong land assets and concentrated equity in the Xu family. The annual dividend yield is around 5%. The stock price is relatively resistant to the stock market crash.

The picture shows Xu Xudong, the new chairman of Far East.

(Photo from this newspaper)

[Financial Channel/Comprehensive Report] The global stock market has been caught in a storm recently. No matter the good or bad stocks, including our protector God Mountain TSMC (2330), all cannot escape the fate of correction and decline. In this market, where should we escape? To escape this storm?

The weighted central market index closed at 18,218 points in 2021, and was 14,118 points by September 23 (last Friday), a total of 4,100 points, or 22.5%, down in the past 9 months. What a nostalgic 18,000 points, But the market is so ruthless, and when many people are fantasizing about hitting 20,000 points, the stock market sell-off has been overwhelming.

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International stock markets are breaking bottoms one after another, and Taiwan stocks can’t be optimistic this week. Electronics stocks have already been defeated. Aviation and tourism stocks have also staged a show of profit after the government announced the unblocking date last week. There was also a lot of blackout on Friday. What should I buy?

Or what kind of stocks should you buy that will not be withdrawn by foreign investors or legal persons?

Have you noticed that Far East New (1402), an old textile stock, has held steady at around 30 yuan since the beginning of this year. No matter how the Taiwan stock is washed up and down, this stock is like an old monk, and it is not affected by the market. Influenced by stormy waves, and in recent years, the average annual dividend is 1.5 yuan, and the yield rate is also 5%.

Far East New is the major holding center of Dongyuan Group, with a share capital of 53.5 billion yuan. Far East Xujia holds over 40% of the equity. The management rights are very stable, and most importantly, it has huge land assets, which are scattered all over the country. The Far East Textile Factory has 570,000 pings in Shuangbei alone, 30,000 pings in Taoyuan Neili, and 30,000 pings in Jiaoxi. The land development value is amazing, and the depreciation of the Taiwan dollar keeps the value of land assets. the greatest backing.

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