Let's look at Nam Cheong stock calls.
There is not a single BUY call for Nam Cheong except from Amfraser in the past. Therefore, there is no real reason to buy Nam Cheong and retail investors would have avoided this company and suffer no real losses. Avoid oil & gas companies because their customers cannot withstand economic downturns based on qualitative analysis.
2 comments:
Do not just look at the stock call per se as it is misleading. Look at the target prices' movements for more clarity. If the analysts keep cutting the target prices but still retain the Buy calls, it is a harbinger for a fall.
If the analysts keep changing their target prices often, it will mean the analysts are unsure of the company's cashflows. Therefore, it's best to avoid the company.
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