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Wednesday, September 8, 2010

Market analysis for Hong Kong (Hang Seng)


The chart above dated 08/09/10 shows that investors in Hong Kong have been pulling funds out from the market. Looks like CASH is king in Hong Kong now.

Market analysis for Japan (Nikkei)

The chart above dated 08/09/10 shows that the average trading volumes seem to move in synchronize with the stock market.  It looks like there won't be any recovery for japan as investors are pulling out funds from the market.

Market analysis for US (Dow Jones)


US research report showed that US retail investors have quitted the stock market or pulled their investments out from US market.  The chart dated 08/09/10 also shows that funds have been pulled out of the market as indicated by the declining trading volumes.  Generally speaking, the SMA of the trading volumes is a precursor of future stock market and this doesn't bode well for the US market.

China Sports - Are sports not in favour now?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/08/10 DBS Vickers China Sports 0.175 0.26 Buy PER8x
01/25/10 DBS Vickers China Sports 0.21 0.3 Buy PER8x
03/01/10 DBS Vickers China Sports 0.16 0.18 Hold PER6x
05/21/10 DBS Vickers China Sports 0.12 0.11 Fully Valued PER5x

China Sky - Looks like the sky is not the limit.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/08/10 DBS Vickers China Sky 0.2 0.14 Fully Valued
03/02/10 DBS Vickers China Sky 0.19 0.14 Fully Valued PB0.2x, PER6.6x
05/17/10 DBS Vickers China Sky 0.18 0.14 Fully Valued PER6.6x, PB0.2x

Tuesday, September 7, 2010

China Minzhong - Buy calls from DBS Vickes & DMG.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

09/07/10 DBS Vickers China Minzhong 1.37 1.58 Buy DCF

07/13/10 DMG & Partners China Minzhong 1.2 1.68 Buy PER9x
08/23/10 DMG & Partners China Minzhong 1.3 1.68 Buy
08/25/10 DMG & Partners China Minzhong 1.27 1.68 Buy Under Review
09/01/10 DMG & Partners China Minzhong 1.28 1.78 Buy PER9x

Abterra - Aberration trading?

Abterra has an interesting trading pattern today.  First, the sharp downfall was caused by Goldman Sach, then followed by an astounding rise to more than $1.50 due to short-covering and herd-mentality investors chasing after this counter.

Liks i said previously in my post, nothing much has changed for this counter and unsuspecting investors will get bludgeoned by the management for its future fund raising event.

China Merchant - Buy call from DBS Vickers

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/08/10 DBS Vickers China Merchant 0.61 0.81 Buy
02/26/10 DBS Vickers China Merchant 0.64 0.81 Buy

Monday, September 6, 2010

China Hongxing - DBS Vickers vs Lim & Tan

01/08/10 DBS Vickers China Hongxing 0.2 0.22 Hold
03/02/10 DBS Vickers China Hongxing 0.175 0.13 Fully Valued PER15x

04/16/10 DMG & Partners China Hongxing 0.155 0.22 Buy PB0.7x
07/29/10 DMG & Partners China Hongxing 0.155 0.22 Buy
08/12/10 DMG & Partners China Hongxing 0.155 0.22 Buy

02/05/10 Lim & Tan China Hongxing 0.175 0 Buy
02/18/10 Lim & Tan China Hongxing 0.175 0 Buy
03/02/10 Lim & Tan China Hongxing 0.175 0 Sell
03/18/10 Lim & Tan China Hongxing 0.15 0 Sell
05/13/10 Lim & Tan China Hongxing 0.135 0 Sell
05/27/10 Lim & Tan China Hongxing 0.12 0 Sell
08/11/10 Lim & Tan China Hongxing 0.155 0 Sell

China Fishery - Neutral calls by analysts

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/21/10 CIMB China Fishery 1.86 2.3 Outperform PER11x
02/11/10 CIMB China Fishery 1.7 2.3 Outperform PER11x
04/30/10 CIMB China Fishery 2.16 2.3 Outperform
06/22/10 CIMB China Fishery 1.94 1.6 Underperform PER7.6x
06/30/10 CIMB China Fishery 1.83 1.7 Neutral PER9.4x
08/11/10 CIMB China Fishery 1.87 1.75 Neutral PER9.4x

01/04/10 DBS Vickers China Fishery 1.32 1.63 Buy PER8x
01/08/10 DBS Vickers China Fishery 1.41 1.63 Buy
02/11/10 DBS Vickers China Fishery 1.7 2.5 Buy PER10x
05/13/10 DBS Vickers China Fishery 2.15 2.5 Buy PER10x
06/30/10 DBS Vickers China Fishery 1.83 2.2 Buy PER10x
07/12/10 DBS Vickers China Fishery 2 2.12 Hold PER10x
08/11/10 DBS Vickers China Fishery 1.87 2.12 Hold PER10x

01/14/10 DMG & Partners China Fishery 1.88 1.84 Neutral PER7.1x
01/22/10 DMG & Partners China Fishery 1.87 2.4 Buy PER9.3x
02/11/10 DMG & Partners China Fishery 1.7 2.4 Buy PER9.3x
02/18/10 DMG & Partners China Fishery 1.8 2.4 Buy
04/20/10 DMG & Partners China Fishery 2.15 2.4 Buy
05/14/10 DMG & Partners China Fishery 2.15 2.4 Buy PER8.6x
05/19/10 DMG & Partners China Fishery 2.05 2.4 Buy PER8.6x
06/03/10 DMG & Partners China Fishery 1.83 2.4 Buy PER8.6x
06/30/10 DMG & Partners China Fishery 1.83 2.1 Buy PER8.6x
07/21/10 DMG & Partners China Fishery 1.97 1.98 Neutral PER8.6x
08/11/10 DMG & Partners China Fishery 1.87 1.98 Neutral PER8.6x

Saturday, September 4, 2010

China Essence - Downgraded by Lim & Tan to HOLD.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/10/10 Lim & Tan China Essence 0.39 0 Buy
06/03/10 Lim & Tan China Essence 0.42 0 Hold

China Eratat - Buy call from Phillip!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/03/10 phillip China Eratat 0.165 0.205 Trading Buy Total current asset-inventories-liabilities

Friday, September 3, 2010

China Animal - Buy if you are animal lover!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/10/10 AmFraser China Animal 0.24 0.32 Buy
05/10/10 AmFraser China Animal 0.28 0.39 Buy
07/06/10 AmFraser China Animal 0.32 0.39 Buy
08/13/10 AmFraser China Animal 0.3 0.39 Buy Under Review

01/08/10 DBS Vickers China Animal 0.26 0.29 Buy
01/21/10 DBS Vickers China Animal 0.28 0.4 Buy PER12x
02/09/10 DBS Vickers China Animal 0.24 0.33 Buy PER12x
04/16/10 DBS Vickers China Animal 0.33 0.4 Buy PER15x
05/07/10 DBS Vickers China Animal 0.3 0.4 Buy PER10x
07/02/10 DBS Vickers China Animal 0.32 0.39 Buy PER13x
08/13/10 DBS Vickers China Animal 0.3 0.41 Buy PER13x

CH Offshore - A good marine stock?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/04/10 DBS Vickers CH Offshore 0.68 0.89 Buy
02/05/10 DBS Vickers CH Offshore 0.65 0.87 Buy PER9x
02/08/10 DBS Vickers CH Offshore 0.645 0.87 Buy
05/20/10 DBS Vickers CH Offshore 0.605 0.7 Hold PER9x

Thursday, September 2, 2010

Baltic Dry Index (BDI) was at 2,713 points last Tuesday!

BDI is forecast to fall below historical record low next year......really bad news!

Latest announcement by Baker Tech

Baker has just announced that it is willing to lower the sale price for PPLH from US$155m to US$116m due to the on-going litigation with sembcorp. I've never seen a company that is so eager to sell off its subsidiary at a much lower price or a further discount of 25%.  Something is obviously and seriously wrong with the company or the management.  Looks like the big winner will be yangzijiang as its acquisition cost is 25% lower and it is protected from the lawsuit taken by sembcorp.

Cerebos - Buy this healthcare stock for your good health!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/09/10 CIMB Cerebos 3.72 5.16 Outperform Sum of parts
05/11/10 CIMB Cerebos 3.72 5.34 Outperform Sum of parts
05/18/10 CIMB Cerebos 3.94 5.34 Outperform
05/18/10 CIMB Cerebos 4.02 5.34 Outperform
06/01/10 CIMB Cerebos 3.91 5.34 Outperform Sum of parts
08/16/10 CIMB Cerebos 4.15 5.98 Outperform Sum of parts

CDL Hospitality - A good reit to invest in?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/29/10 CIMB CDL Hospitality 1.76 2.01 Outperform DDM
03/25/10 CIMB CDL Hospitality 1.76 2.01 Outperform
04/19/10 CIMB CDL Hospitality 1.95 2.01 Outperform
05/03/10 CIMB CDL Hospitality 1.93 2.2 Outperform DDM
05/18/10 CIMB CDL Hospitality 1.92 2.2 Outperform
07/09/10 CIMB CDL Hospitality 1.77 2.04 Outperform DDM

06/23/10 Citigroup CDL Hospitality 1.75 1.63 Sell

01/04/10 DBS Vickers CDL Hospitality 1.65 1.77 Buy
01/28/10 DBS Vickers CDL Hospitality 1.66 2 Buy DDM
01/29/10 DBS Vickers CDL Hospitality 1.76 2.11 Buy
02/22/10 DBS Vickers CDL Hospitality 1.67 2.11 Buy
03/08/10 DBS Vickers CDL Hospitality 1.68 2.11 Buy DDM
04/09/10 DBS Vickers CDL Hospitality 1.84 2.11 Buy
04/15/10 DBS Vickers CDL Hospitality 1.89 2.11 Buy
04/30/10 DBS Vickers CDL Hospitality 1.9 2.11 Buy
05/03/10 DBS Vickers CDL Hospitality 1.93 2.2 Buy
07/01/10 DBS Vickers CDL Hospitality 1.75 2.03 Buy
07/28/10 DBS Vickers CDL Hospitality 1.94 2.14 Buy Div Yield 6.5%
08/18/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy
08/20/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy
08/23/10 DBS Vickers CDL Hospitality 2.07 2.14 Buy
08/31/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy

01/27/10 DMG & Partners CDL Hospitality 1.62 2.15 Buy DDM
01/29/10 DMG & Partners CDL Hospitality 1.76 2.3 Buy DDM
03/29/10 DMG & Partners CDL Hospitality 1.73 2.3 Buy
04/01/10 DMG & Partners CDL Hospitality 1.76 2.3 Buy
04/06/10 DMG & Partners CDL Hospitality 1.87 2.3 Buy 5% yield
04/28/10 DMG & Partners CDL Hospitality 1.89 2.3 Buy
05/03/10 DMG & Partners CDL Hospitality 1.93 2.3 Buy DDM
06/22/10 DMG & Partners CDL Hospitality 1.89 2.3 Buy DDM
07/28/10 DMG & Partners CDL Hospitality 1.94 2.3 Buy DDM
07/29/10 DMG & Partners CDL Hospitality 1.94 2.3 Buy DDM

01/29/10 Lim & Tan CDL Hospitality 1.76 0 Buy
06/23/10 Lim & Tan CDL Hospitality 1.89 0 Buy

02/01/10 phillip CDL Hospitality 1.8 1.96 Hold
05/03/10 phillip CDL Hospitality 1.93 1.96 Hold
05/03/10 phillip CDL Hospitality 1.93 1.96 Hold
06/24/10 phillip CDL Hospitality 1.77 1.92 Hold
07/29/10 phillip CDL Hospitality 2 1.93 Hold

Wednesday, September 1, 2010

Capitamalls Asia - A good asia reit?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/14/10 CIMB Capitamalls Asia 2.29 2.34 Underperform RNAV
05/10/10 CIMB Capitamalls Asia 1.97 2.34 Underperform
05/18/10 CIMB Capitamalls Asia 2.14 2.34 Underperform

04/05/10 DBS Vickers Capitamalls Asia 2.26 2.51 Buy RNAV (10% premium)
04/14/10 DBS Vickers Capitamalls Asia 2.29 2.51 Buy RNAV (10% premium)
04/23/10 DBS Vickers Capitamalls Asia 2.16 2.51 Buy RNAV (10% premium)
06/14/10 DBS Vickers Capitamalls Asia 2.1 2.51 Buy RNAV (10% premium)
08/04/10 DBS Vickers Capitamalls Asia 2.16 2.58 Buy RNAV (10% premium)

06/21/10 OCBC Capitamalls Asia 2.16 2.4 Buy RNAV
07/05/10 OCBC Capitamalls Asia 2.05 2.4 Buy
07/16/10 OCBC Capitamalls Asia 2.07 2.4 Buy
08/04/10 OCBC Capitamalls Asia 2.16 2.4 Buy Under Review

CapitaRetail China - Is it a good time to invest in stock with exposure to China?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/08/10 DBS Vickers CapitaRetail China 1.29 1.14 Hold
02/01/10 DBS Vickers CapitaRetail China 1.2 1.22 Hold DCF
07/26/10 DBS Vickers CapitaRetail China 1.26 1.26 Hold