Story :-
3 bottles of Chateau Lafite-Rothschild 1869 wine were sold for USD232,692 each at Sotheby's Hong Kong auction, making them the world's most expensive wine sold at an auction.
Saturday, December 4, 2010
Friday, December 3, 2010
Monthly Global Market Commentary (Dec 2010)
Global Market is entering another stage of development, which is called "Bumpy Recovery" with some panicky investor. With strong economy fundamental in China,Australia, Indonesia, Thailand, Malaysia, Singapore, and US, i expect a strong global recovery and high inflation coming soon. Going Forward 2011, we will see a recovery in US job market, which turn the economy to "growth" stage.
DJIA : Daily Technical Analysis
DOW JONES (60 min)
Our preference: as long as 11225 is not broken down, we favour an upmove with 11450 and then 11510 as next targets.
Alternative scenario: a break below 11225 would open the way to 11100.
Our preference: as long as 11225 is not broken down, we favour an upmove with 11450 and then 11510 as next targets.
Alternative scenario: a break below 11225 would open the way to 11100.
Thursday, December 2, 2010
KLSE : Top 5 picks in 2011
Please share your top 5 KLSE stock picks in 2010
1) Counter Name (code) - Reason (valuation/prospect/future growth/mega trend)
2)
3)
4)
5)
Post your comments here. We would like to hear from you. Thanks.
1) Counter Name (code) - Reason (valuation/prospect/future growth/mega trend)
2)
3)
4)
5)
Post your comments here. We would like to hear from you. Thanks.
Wednesday, December 1, 2010
Hong Kong : Face High Inflation
Hong Kong will face higher inflation next year as it attracts more capital because of US monetary easing policies, and the appreciating Chinese Yuan increases food costs, Financial Secretary John Tsang said. The US measures may also boost energy prices, and the city’s government is “closely monitoring” the impact on low- income residents, Tsang said. Hong Kong, which pegs its currency to the US dollar, imports most of its fresh food from China. Hong Kong policy makers have said the US Federal Reserve’s plan to buy USD600 billion of Treasury securities will contribute to an asset bubble risk in the city because of excess liquidity. (Bloomberg)
Tuesday, November 30, 2010
Boustead : Quarterly Result
Quarterly Result
9MFY10 core net profit of RM253.6m accounting for 66.9% and 61.6% of our and consensus full-year estimates. We consider this within our expectation as we expect a stronger 4Q arising from higher CPO prices (which has risen by 12.6% since Oct).
Rating
Still undervalued despite recent share price run up, P/E and P/B still not demanding, relatively high and quarterly net dividend yield, double-digit earnings growth in FY10-11 and market yet to fully appreciate the hidden values.
Valuation
Target price maintained at RM6.82 (at 10% holding company discount to unchanged SOP of RM7.58).
Disclosure :-
Author has an interest in Boustead Holding Bhd
9MFY10 core net profit of RM253.6m accounting for 66.9% and 61.6% of our and consensus full-year estimates. We consider this within our expectation as we expect a stronger 4Q arising from higher CPO prices (which has risen by 12.6% since Oct).
Rating
Still undervalued despite recent share price run up, P/E and P/B still not demanding, relatively high and quarterly net dividend yield, double-digit earnings growth in FY10-11 and market yet to fully appreciate the hidden values.
Valuation
Target price maintained at RM6.82 (at 10% holding company discount to unchanged SOP of RM7.58).
Disclosure :-
Author has an interest in Boustead Holding Bhd
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