People who have invested in the stock market for a while will tell you there is no free lunch in the market. Even if there is, it is usually arbitrage on cross border price differentials or a small sure profit during a takeover offer. Such profits, if any, are usually very small and you cannot make a killing out of it.
However, I will demonstrate to you it is indeed possible to have free lunches in the market provided you know how to get them. And these free lunches invitations come more frequently than most people would expect. And just yesterday (August 5th), Lee Ka Shing gave me a treat as his flagship Hutchison Whampoa Ltd smashed analysts’ expectations by achieving net profit of HK$6.45 billion.
Hutchison Whampoa share price soared 9.7% today in Hong Kong to HK$58.20 after it reported a 12% increase in first-half net profit to HK$6.45 billion, beating market expectations of HK$4.51 billion, and said its third-generation mobile-phone business was finally on track to make a positive contribution to its full-year results on an earnings before interest and tax basis.
You could have bought Hutchison Whampoa at yesterday’s price last night after learning about the earnings results if you know how to!
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