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Hi. I don't really subscribe to the "cut loss" school of thought as I try to view my purchases as investments. Assuming you're not looking to average down, due to the prevalent market sentiment and heavy sum you invested, I thought I'd take a quick look at Yingli's values.
PE: 10.7, PB: 1.2, NAV: S$0.365. Assets: RMB2332m. Liabilities: RMB856m.
Aug08- Yingli issued 107m shares to raise funds for developmt of Int'l Financial Centre (IFC). Sep09- Yingli acquired land in prime Yuzhong district for RMB851.6m for developmt of high-end project.OCBC subscribed for its allotment of 20m shares in Yingli. Nov09- Company secured RMB50m from OCBC and RMB450m from Construction bank of China. Raised further S$154m from share private placement at $0.61 each. Jan10- Plans to develop acquired land in Yuzhong district announced. 2 further land acquisitions targetted.
Current revenue growth is driven by existing sales at completed Future Int'l and Sanyawan projects. Results expected to surge on completion of IFC in 1H11.
In uncertain times, I prefer to use PB as a gauge for investment (read Teh Hooi Ling's "Show Me the Money" for elaboration) and comparing Yingli to Yanlord and Capitaland, it's mkt cap is the smallest but its PB ratio is the best of the lot.
Don't read too much into the target prices that analysts come up with,
it's an enigma to me how they come up with their valuations sometimes,
but it's a good feeling to see share prices climb after a good target price is announced. :)
The company has heavy hitters as shareholders (OCBC etc) and revenue streams for this year (Future Int'l/ Sanyawan), next year (IFC) and the year after (Yuzhong) are more or less settled. In other words, I think it's is a relatively safe S-Chip whose prices are pressed down due to the current Chinese Govt measures to prevent a property bubble, which is good for the company. Nothing could be worse for the company than if a property bubble in China formed and burst.
Of
course, all these are subject to the bane of some of the S-Chips that
have run into difficulties - dubious accounting practices - and we hope
their auditors,Foo Kon Tan Grant Thornton,does a decent job. Either
way, examine their upcoming account sheets like a hawk (go to
"investopedia" for lessons in how to read balance sheets if you're
unsure).
I'd suggest holding the shares for the moment and to me, hitting the 0.60-0.70 range is not a problem for this company, once sentiment turns. Hope I don't sound condescending, just my views. Cheers.
nanyangnanyang ( Date: 22-Feb-2010 13:40) Posted:
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nanyangnanyang ( Date: 22-Feb-2010 13:40) Posted:
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I would sit tight and wait, jumping from a potentially money making company to a money loosing company is like doing charity..I would say in a few months time you will get back a big chunk of your capital. Ying Ying is being played at the moment like Yanlord's dome, once the interest is gone it will creep up.
Genting???
i am no si fu...everyone is sifu and tudi here...i suggest no..genting is a annually lossing money counter. Unless they are going further develope like p tekong to another resort, dun bet on it long term. This is a speculating counter.
nanyangnanyang ( Date: 22-Feb-2010 13:40) Posted:
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I am not an analyst...you have to take it with a pinch of salt......
Three fundamental factors:
1) Wide customers base
2) New customers interest
3) Good profit margin
Three correlation factors:
1) Strengthening of Oil price
2) Weakening of US $
3) Strengthening of Gold price
why kep cor is a better bet. care to share?
thks
$28K is a lot of money......that is the risk of penny stock...with your remaining bullets of $72K...you will have difficulty recouping the lost amount unless you go into penny stocks again...what I will do is...buy into kepcorp to get the dividend as well as the green share...else you can consider straitsasia, olam, nol or capitaland. Kepcorp is a better bet. DBS and UOB are totally out because of the upside margin.
nanyangnanyang ( Date: 22-Feb-2010 13:40) Posted:
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It is the Time to Buy WHEN people are NOT BUYING.
because the Price is at its lowest WHEN people do NOT Buy.
It is the Time to SELL when people are NOT selling.
because the Price is at its HIGHEST when people do NOT sell.
Using apple to apple comparison...Seroja has already started to recover......and Ying Li is not moving...it will be even more painful if it retrace where others are surging...the fact of s-chips is...investors have lost confidence.
guesss ying li really have to wait till end of year or early next year to see action. their tp is 1.15 so even though my average cost is slightly higher den now its ok cause i will almost double my investments when marry her off and get dowry hahaha
yummygd ( Date: 21-Feb-2010 10:03) Posted:
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Dun worry, Yummygd.
Anyone got to make mistake in order to learn the tricks and trades of the game..by then, only we will grow further ahead... I have made these mistakes as well when I first traded on SGX. One thing we should take note is holding on to a stock we need to know if it is worth while holding it.
Usually I will make sure that the FA are sui sui and the business are a repeated one yearly without fail, then only i will hold it. I don't go for long term unless it appetites me on FA, usually for me is those blue chips that I am willing to hold on to it and buy in dip if you are those that do not like to play short term basis and a long term investor basis. With this, you can also collect dividend along the way.
So, this is all goes down to your appetite as an investor. As mentioned, we need to have a trading plan before going to the market.
rgds,
star-trader
alot of ten cent counters out there some even half cent or two cent go load up lor dun waste time waiting for mei mei to sell so low to you...u think gals so cheap one meh....gals makes u pay and pay and pay...
ronleech ( Date: 20-Feb-2010 14:27) Posted:
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