World Precision Machinery

pine
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12 years 11 months ago #5976 by pine

Replied by pine on topic Re:Bright World

Top analysts from SG: Tan Ai Teng (DBS V), Andy Sim (DBS V), James Koh (Kim Eng).;


    
    online.wsj.com/article/SB100014240527487...leTabs%3Dinteractive

Tan Ai Teng, an analyst at DBS Vickers Securities in Singapore, isn't afraid to change her mind often about stocks.
A case in point for Ms. Tan, 37, was Hi-P International Ltd., a manufacturer of components for smartphones, tablet devices and other electronics.

Ms. Tan had a hold rating on the stock at the beginning of 2010, and then downgraded it to sell in February. She feared the company wasn't moving quickly enough to expand its product mix, which included providing parts for some of BlackBerry maker Research in Motion Ltd.'s less-popular communications devices.

But things started looking up by mid-year, as sales of tablet devices gained following the release of Apple Inc.'s iPad. As sales momentum strengthened, she grew confident there was a bigger market for Hi-P's products and upgraded it to a buy in June. The stock yielded a return of 45% over the year and 100% on Ms. Tan's buy call.

Ms. Tan says her strategy is to stay in constant contact with the companies, and not be afraid to change their rating quickly when necessary.

"I like to know the companies well---I call them and build relationships, and I want to be the first person to know" any news, she says. Sometimes the companies don't want to talk after she downgrades them, but if they're well-run, they usually provide a reason for an upgrade later.

"You must have the guts to make the call when it is due," she says.
For 2011, she says, one trend to watch is the rising price of labor in China, which will force manufacturers to find new ways to cut costs, including investments in equipment that boost productivity.
Beneficiaries include Venture Corp., an electronics solution provider, and Bright World Precision Machinery Ltd., a metal-stamping-machine supplier. She maintains buy recommendations on both.

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yeng
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12 years 11 months ago #5980 by yeng

Replied by yeng on topic World Precision

Hey World Precision (New name of Bright World) today tumbled 2 cents to 64.5 cents. Vol was over 1 m shares. Profit taking!

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Morpheus
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12 years 11 months ago #5994 by Morpheus

Replied by Morpheus on topic Re:Bright World

World Precision up 4 cents on good volume of over 10m shares.
Let build on this momentum to hit 80 cents!
Show Singapore that you are a blue chip in the making.

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Morpheus
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12 years 11 months ago #5995 by Morpheus

Replied by Morpheus on topic Re:Bright World

The market sentiment is still weak given the credit tightening policy in China.
But investors will start to look at value stocks for the mid-long term.
Target SGD 1.00 in the coming months.

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Mel
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12 years 10 months ago #6421 by Mel

Replied by Mel on topic World Precision M/C

OMG broke 50 cents level. More downside? Or a rebound to come?

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yeng
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12 years 10 months ago - 12 years 10 months ago #6440 by yeng

Replied by yeng on topic Re: World Precision Machinery

This stock is bouncing around, can't catch it at below 50 cents yet.

Vol today is 7.2 million by 1130 am, which is very high and supportive of the 2-cent jump to 51.5 cents.

Last edit: 12 years 10 months ago by yeng.

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