History has shown again & again that the best time to buy stocks is before an earnings / economic recovery has become apparent. I apply that to the current SG market which in the last few weeks was weak on profit-taking. This was a good opportunity to accumulate ahead of the earnings results season.
By the time the results are out, the stock prices of good businesses would already have advanced 30 percent. In short, buy when the market is weak or when bad news is strong .....then wait for a recovery. Bad news is an investor’s best friend, as it lets you buy a slice of a good business at a marked-down price.
3 stocks for your consideration: Ziwo (35.5 cents, looking at 45.5 cents 28% upside); Tuan Sing (34.5 cents, looking at 45.5 cents, 29%) and China Fibretech (9.5 cents, looking at 15 cents, 58%). Just my 2 cents' worth...These stocks have fundamentals, so I wouldnt worry if they didnt perform in the near term as their value can be realised sooner or later.
Anyone knows why qingmei is going on a free fall? Hit a low of 20.5 cents today. Earnings faltering? Thought management says china sports impact on sales is minimum? With high dividends pay out of more than 10% at current prices(if they maintain earning strength , dun have to improve) and STI going up, why is sentiment so bad for this counter. Went in today at 23 cents, sigh...
Hey greenrookie, I can’t enjoy lunch after reading yr post and then seeing my earlier post.
Evidence is there stark & clear regarding my 3 stock picks & expected prices . Yikes!
Ziwo was 35.5 cents – now slightly below at 33 cents.
China Fibretech was 9.5 cents --- now 7 cents.
But Tuan Sing saved me a little. Tuan Sing was riding on news of potential redevelopment of its Robinson Rd assets & the stock being undervalued vis-à-vis its NTA. Stock was 34.5 cents, now 39.5 cents.
The S-chips --- and that includes Qingmei -- got hit by negative news & negative sentiment but who knows, they may yet rebound if they know what to do to win over the market.
yeh,
Me no better la, China fibreT av. price is about 8.75 cents, now 7cents. Hu an is 34.5 cents, but i contra hu an and an chun during the Japan panic, so earn a bit bit, but not enough to cover china fibreT, my biggest holdings. My only savior is ironically Gaoxian, which i cash out earlier after it tanks the dual listing, and the STI funds which i bought in 2009.
So all the punts for 2011 is bet money losing, but i am still holding out my hopes for a rebound. No worries, enjoy your lunch.
I like investing is shares beacuse i like the researching and practising my value judgement. I don't really punt in a lot of money so any gains is like bonus and any loss is minimum, I don't believe in getting rich or getting paid through the stock market although i believe there are many seniors who can make a decent living out of stock investing here, which really has my admiration
rookie
I dont have s-chip, but i read it is 39 times for small cap!!! that is bubbles.
But as again , if this Qingmai FA is as reported is true, i think it shd be ok, to " get suck " since most did not cut.
You shd have cut at 10%{for me} , but i dont thk most of them do this. I still dont know why?
Never mind, no worry, since it is a newty listed, i dont think it go the way of Gaoxian or the like.
never mind, say right now you are 25% down, i suggest to cut and put that to work eslewhere.
It seem like a long winter ,if the report is authentic. Dont hope against hope. Just do it, u be glad.
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