Prepare to buy! What stocks....

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11 years 3 weeks ago #14745 by Rich
Dukang is 49 cents, higher than my post previously.

A no. of stocks are displaying rock-steady character when others are falling hard.

a. XMH- 41 cents.
b. Yamada -- 25 cents.
c. Lian Beng - 52 cents.
d. Roxy-Pacific -- 59.5 cents.

quite a few more.

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11 years 2 weeks ago #14777 by paullow
buy fundamentally strong undervalued stocks which pays dividends.

visit my blog for ideas now if you have time'

www.paulcokefreedom.blogspot.sg/

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11 years 2 weeks ago #14803 by StewardLittle
Anyone looking at UE E&C? I have been talking about this in Sharejunction but it seems not very popular there.

This is a fundamental stock.

High net cash, YOY +ve FCF, good yield 7%, below book value, pe of 4.

I myself have purchased 20lots at 70cents.

Would like to hear from others about what they think about this company. Is it a good buy?

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11 years 2 weeks ago #14807 by paullow
Hi there,

regarding UE E & C, agreed on the following parts which make a good buy call,
1) low PE,
2) Good dividends, and likely increasing dividends over time.
3) Very healthy cash level.

But because no one can predict what's going to happen in the market, IMHO, safety is very important

Now PB is near 1. Means one is paying $1 for $1 of goods.
Unless there is some hidden gems not yet valued by others which you have sieved out in its AR, Personally, I am not satisfied about the safety level at 70c. But I guess if you are long term holder and buying on possible future dips, its fine.

Personally, I would think 70% book for UE E & E is a compelling level as I would think the downside is very very limited at that sort of price. Then again, pple would say, that might never happen.

Being a long term investor, I know time is the essence and buying price matter. I will wait. If price is not right to me, it's not. i will place it on my radar and keep it in view for the opportunity to arise.

www.paulcokefreedom.blogspot.sg

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11 years 2 weeks ago - 11 years 2 weeks ago #14808 by StewardLittle
Thanks for your views.

It seems that you focus much on price to book value.
You cannot just insist on a margin of safety for all companies in different industries.

Companies in this industry with similar mkt cap tend to be trading at this level.

As you mentioned, the company has:
1) low PE,
2) Good dividends, and likely increasing dividends over time.
3) Very healthy cash level,

just because it is trading near it's book value makes it unattractive?
In that case all blue chips are unattractive?

The most impt thing is to compare the company with its peers. Other companies in this industry do not have as strong fundamentals as UE E&C.
Last edit: 11 years 2 weeks ago by StewardLittle.

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11 years 2 weeks ago - 11 years 2 weeks ago #14814 by paullow
no offence.

I guess different people has different views. What's suitable for me might not be suitable for you.

Thus, our selection criteria would differ.

For me, I prefer to consider PB ratio as an important screening factor.

And you are right, I(again, I stress, it's my view) don't think blue chips are attractively priced. I don't see much chance blue chips getting a double bagger in 5years. Though, yes, they are generally much safer than small-mid caps and they don't escape analyst cover,

As what a friend of mine said, Siamese cat or normal cat, can catch mice are all good cats.

So long as you make money, your method is good enough.

Regards

paulcokefreedom.blogspot.sg
Last edit: 11 years 2 weeks ago by paullow. Reason: grammer error

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