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Notice the accumulation? No fear. Got some yesterday, and will look forward to a prosperous Tiger year.
--
Business Times - 12 Jan 2010
China's overseas-listed stocks now starting to head home
(SHANGHAI) Chinese 'orphan' stocks - companies once lured to float overseas but now left neglected - are starting to head home, creating investment opportunities, said the head of money manager Martin Currie's China business.
Edinburgh-based Martin Currie, which owns shares in Singapore-listed leasing firm Financial One Corp and London-traded medical device maker China Medical System Holdings Ltd, is betting that if such companies delist themselves and then float in China, Hong Kong or Taiwan, their share prices will jump.
this from FI...hmmm:]
26.5c / 27c is an attractive entry price. Check out the PE at this price:
****
| Recent price | Target price | Core
PE CY09 |
Core
PE CY10 |
3-year EPS CAGR (%) | Price/Bk Value CY09 | Dividend yield (%) CY09 | |
| China Zaino | $0.26 | $0.37 | 3.3 | 2.9 | 0.6 | 0.8 | 6.0 |
|
|
China
Zaino: The stock is trading at 2.3x 2009 PE, which is less than
half of its Singapore-listed peer’s average, not to mention the great discount
as compared to Hong Kong-listed sportswear retailers’ average of 18.3x,
according to UOB Kay Hian.
UOB Kay Hian values the stock at a 25% discount to its S-shares average and arrived at its target price of S$0.35, implying 4x 2009 PE. It maintains its 'BUY' call.
UOB Kay Hian values the stock at a 25% discount to its S-shares average and arrived at its target price of S$0.35, implying 4x 2009 PE. It maintains its 'BUY' call.
What's your TP by end of the month? 20% upside? 32c, 33c?
The cat is out of the bag - yes, this is another ang-pow for all. Huat-ah.