$CHINA MOBILE(00941.HK) has barely moved. High-dividend blue-chip stocks like telecom operators are the steady ballast in a volatile market; $COSCO SHIP HOLD(01919.HK) has dropped more than three percentage points. The shipping sector is clearly weaker, dragged down by uncertainties in freight rates and trade friction. Before freight rates show any improvement, the 'cheapness' of shipping stocks could easily become even cheaper. In a volatile market, I'd rather hold onto dividend-paying blue-chips like telecoms. Would you guys try to catch the bottom of the shipping cycle at this level?
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