A New Beginning at this blog: Near $1 stocks

Hello Readers to my blog,
It is great to have you at my blog again.

This blog was initially set-up to share the
foreign brokerage/research houses' news
and reports on Singapore stocks, but it was to
be stopped by a "BB"'s warning last year.
Now, I will use this blog to highlight the
potential stocks that are trading near-$1
and have the potential to charge-up pass the mark.

As usual, please Read my Disclaimer at the
bottom of the blog.

I used Metastock to scan for the stocks, and
as all software and method, I may have missed out some
stocks due to all sort of reason. I selected stocks in-between
the $0.85-1.05 in my search criteria, and the reason why $1.05 is
selected is because the stocks may fall back down to below
$1 again, and that provide another chance to pump-it-up!

The following is between 85cts to $1.05 on 16 April's closing bell:
(I will numbered them based on their closing price, and I will
exclude all the call/put warrants)

1. KS Tech - 0.805 (A very "well-controlled" stocks, if you know what I meant)
2. Tat Hong - 0.84 (Former darling of the market)
3. Raffles Medical - 0.865 (Take note)
4. CapCom Trust - 0.87 (Very high potential of passing $1 soon)
5. Mandarin Oriental - US$0.875 (Slow and no volume)
6. Khong Guan - 0.88 (Slow-moving, and no volume)
7. WingTai - 0.88 (Worth a look to put in watchlist)
8. RSH - 0.89 (On trading halt since 13 April 2009)
9. Capita Retail China Trust - 0.915 (Should be a permanent >$1 stock)
10. Hotel Plaza - 0.935 (Slow-moving, and no volume)
11. Ezra Holdings - 0.95 (What else can I say?? Go..Go..Go..)
12. Hsu Fu Chi - 0.96 (Low volume, but always got good "support")
13. China Aviation Oil (CAO) - 0.965 (Former darling of the market, still hated by many)
14. Transpac - 0.98 (Slow-moving, and no volume)
15. SP Ausnet - 0.99 (Slow-moving, and no volume)
16. Sing Investment & Finance - 1.02 (Slow-moving, and no volume)
17. United International Securities (UIS) - 1.05 (Slow-moving, and no volume)
18. United Industrial Corp (UIC) - 1.06 (Always in the News)
19. Keppel T&T - 1.08 (A permanent >$1 stock)
20. Straits Asia - 1.08 (One of my Hot stocks)
21. Hotel Properties (HPL) - 1.09 (Slow-moving, and no volume)
22. MCL Land - 1.10 (Slow-moving, and no volume)

It is not to say that the above stocks will surely head toward
$1 mark, but they have a good chance of reaching it since
they are so near to the target.

I will update the list often (not everyday), and highlight
any good potential trading stocks in the list.
For the daily market view, head to my the other blog
http://stocklobang.blogspot.com/

Blog Update: 24 Nov 2008

I received emails asking me is this blog dead,
since the last entry was 2 months ago.
No, the email is not dead, but is temporary
taking a well-deserved break, and it will come
back with a Bang soon.

In the meantime, if you want to see what
is my market view, and stock recommendations,
you can come to http://stocklobang.blogspot.com

Be cool, and I will update this blog soon.....

Rumours overheard at Robinson Road!!

I was at Robinson Road today and saw a queue of policy holders at
AIA tower wanting to redeem their policy and/or sell their AIA funds.
Being KPO, I went to talk to some of the people in the queue, and somehow
the topic settled on Stock Market rumours which is also my cup
of tea, so I walk along with them on the outskirt of the queue,
and record the rumours that I heard:

First off we have the French, Mr BNP said that Wilmar and Golden Agri need
to slim down and reduce both their TP to $3.80 and $1.10 now.
But he like SMRT and increase the TP to $2.17
(Frankly, Wilmar and Golden Agri will always be in the trader's mind
as long as there is a sector rotational play, so keep a close watch on it
together with First Resources and Indofood)


Next we have the Japs, Nomura san like Sembmarine so much and
upgraded it to a Strong Buy rating, but Daiwa san don't like
Ferrochina and reduce the TP to $1.55
(I like Ferrochina both for its fundamental and it as a long-time
trading stocks. Infact, I have grab it as low as possible during
the last 2 days unjustly big fall in the price. I am holding it
for a mid-term period, and it should be quite safe.)

Let's see what the Aussies and the Europeans got to say about our stocks: Mr Macquarie reduce First Resources, Indofood and Olam's TP to $1.20, $2.60 and $2.90 respectively.
(I have already given my view on the palm plantation stocks on top, and Olam being a ever-growing commodities stock will always be in my radar watch)

Swiss UBS and British Cazenove downgraded 3 stock's TP, Sembcorp become a $4.80 TP by UBS, and our dearest Singtel become $3.15 and China Hongxing TP drop to a mere $0.53 by Cazenove. (Singtel being the largest market cap stock in Singapore will always be in the limelight and it should be well supported at major support level.)

Lastly we have the sick and troubled Americans: Citi still feel that our market is quite strong enough to achieve a target of 2820 for STI, which is good enough for me. But they also reduce SGX TP to $4.70, which is a steal at this level.

We have troubled ML next, and they downgraded our 3 local banks, with DBS and OCBC become Underperform, and UOB become Neutral. The Revised TP are $16 for DBS, $8 for OCBC and $20 for UOB, and doubt that they will remain a “safe haven” for much longer. (I sincerely believe we will last longer than them, and at this time next year, maybe we will no longer see ML, or it has a new name or a new "master")

Cosco's rating was reduced to Neutral by ML too, but I see it more of a SELL as the TP dropped to $1.75 from $4.80, what do you think?

Look like maybe there will be more queues forming at different places, and I should keep a look-out and join them to discover more rumours that are flying all around us now.....

Rumours overheard at SGX Supermarket!!!

On a bright sunny day, I went to Lau Pa Sat to eat and to meet-up
with some old friends. After my meal, I walked past the nearby
SGX Supermarket, and heard some commotions inside the building,
so I sticked my head and ear in, and this is what I gathered
from the commotions:

Mr Goldman recently very active in judging our stocks, but most
have been CUT into pieces by him.
Jardine got downgraded to Neutral, and poor Wilmar and
Indofood Agri both got a hair-cut too. Wilmar's TP become
$4.90 and Indofood is only worth $2.40 to Mr Goldman.

DMG, from the same family of Mr DB, also cut the palm agri
stocks of First Resources and Indofood Agri. First Resources
TP is now $1 and Indo is $2.65

Mr Citi talked about the China Branded Sportwear and stated
that "The Stronger Will Prevail", but China Hongxing and
China Sports look not that strong as they both got downgraded.
China Hongxing become a Sell rating with TP at $0.35,
and China Sports got a Sell TP of $0.28.
Look like only LiNing is doing very well.

Long time no see and hear from Mr Cazenove, but he brought Good news to
Ventures when he upgraded it to Outperform. Well Done!

Mr UBS also brought good news to both Indofood Agri and Singapore Airline
with a upgrade report. Indofood become a Buy, and Singapore Airline become
a Buy too with TP at $20
-- Did you all hear the joke and rumour about UBS is now called
United Bank of Singapore, since our government is now
a substantial shareholder. By the way, our government is also
substantial shareholder of Stanchart which escape unharmed from
the Subprime issue, why don't we merge this 2 to become a
Giant??!!! Maybe I am just dreaming......

Rumours overheard at SGX Fruit Market

I was looking for some food to eat when I saw lots of foreigner
rumour-monger gossiping near the fruit stall, so I just write
what I heard from the red-hair.

Brother Lehman has so many things not happy with our
Property stocks and Reits that he reduce them to Neutral,
but I can sense it is more like a "Sell".
Many property counters all went for a Haircut,
City Dev, Bukit Sembawang, SC Global and Keppel Land all down to Equalweight.
Big Shot Capitaland TP become $5.30 only.
2 Reits, Capitacommercial and K-Reit also went for haircut.
Capita TP become $1.9, and K-Reit is only worth $1.7 to Bro Leh.

- Come on SG prop counters, if you want to drop, better drop more
as then I can pick you up cheaply. The best if can SG property also
drop as much.
But seriously, do you think it is really possible??!!
I doubt so.....do you?

Jap Nomura also opened mouth and said that they like CDL Hospitality,
and its TP increase to $1.48 with a Outperform rating,
but they don't like C&O Pharm, and terrible C&O TP become
a mere $0.26 with a Neutral Hold.

Mr JPM don't like Kep Land, and here is what you get: TP reduced to $3.5
MS said Cosco deserve only an Equalweight call, so better wake up!
Macquarie from down-under don't like tech heavyweight Venture, and
the TP down to $15.50

-Look like Venture may need to venture out more, and I believe
it should be looking for M&A target, since it is the about-right way
to go now.

Seem like I need to visit more market and supermarket around
the neighbourhood as there are so many rumours and gossips
flying all around, and if you alert, it may mean a big windfall in disguise.
Crossing my fingers.......and tying up my hairs, as they are be
so naughty and unmanageable sometimes.

Rumours overheard today and days ago from the SGX Fish market??!!

I went to the SGX Fish market and overheard many stall-owner
shouting at the top of their voice, and here is what I recalled:

GS took a look at our Property stocks and said that some need
to slim down and take a weight-loss.
GS viewed WingTai at a SELL, with TP at only $1.12
UOL was given a NEUTRAL with TP at $3.42
Capitaland was told to take a TP weight-cut to $5.20,
with City Development weight-cut to $9.10,
Keppel Land TP now at $4.66, and Allgreen not so green now with
TP become $0.90
- If the property stock price really drop to such prices, then I know
we will have a overnight buy queue, but come to think again,
maybe not many will dare to buy at a discounted price thinking
it is not cheap yet. Then you can keep on waiting, another rabbit will
get killed when it bang on the tree you are waiting beside again.
(If you know chinese idiom, you should know the meaning)

The rest of the rumours are quite messy, or maybe noisy:

For some downgrades:
CS told Saizen Reit to sim down and give it a Underperform rating,
and UBS reduced Tiong Woon TP by a big drop of about 50% to $0.58,
while BNP also follow suit and give Sim Lian a downgraded TP at $0.61

Ok, enough of bad rumours, now for some better rumours from
some Fishmongers:

Nomura said that Hyflux deserve a BUY rating now, MS also upgraded
STX to Overweight, and Macquarie also upgraded SGX to Outperform.
Lastly, HSBC upgraded CSM to Neutral. Incidentally in another rumour
overheard, HSBC's report Asian Equity Strategy report dated 22Aug said
that "Recession don't forever" and "Judging by history, the US recession
will be over before end-08"
- I don't know how true are all these rumours by all these fishmongers,
but I only know that fishes are still selling very well,
and I will visit the meat and fruit stall next time.
If you do spot a great discount bargain, do you dare to buy??

By the way, I still have not get a haircut yet, but who cares?