This blog provides the smart investor with a fair value for HK equity dependent on annual report announcement and liquidity information. Financial products go up and down, please use at your own risk. I will not take responsibility for any losses

Wednesday 5 March 2014

Sunshine 509 (05/03/2014)

Date Announced: 05/03/2014
http://www.aastocks.com/EN/News/HK6/101/NOW.592506.html
Ticker: 509 Sunshine 世紀陽光
http://www.aastocks.com/tc/ltp/rtquote.aspx?&symbol=00509

Current/Target Price: $0.98 -> $1.23
Cut loss: N/A

Performance Justification:
- Net profit 230 mil 76.7% jump

Risk profile:

- Low liquidity, super low market participation
- Has reached target before, so may need to wait

Other broker recommendations:
N/A

Year End
High 1.15 Current 0.69

Stanchart 2888 (05/03/2014)

Date Announced: 05/03/2014
http://www.aastocks.com/EN/News/HK6/101/NOW.592530.html
Ticker: 2888 Stanchart bank 渣打集團
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=02888

Current/Target Price: $164.5 -> $176.8; Expect short term short selling buy at $159 earliest
Cut loss: $141

Performance Justification:
- Net profit 6bil usd, down from previous year

Risk profile:

- Missed estimates, hence will probably go lower in the short term
- Net worth still should stand at $176, hence may recover in longer term 
Other broker recommendations:
N/A

High: 175.7 Current: 113.2

Tuesday 4 March 2014

Haitong 665 (04/03/2014)

Date Announced: 04/03/2014
http://www.aastocks.com/EN/News/HK6/00665/NOW.592292.html

Ticker: 665 Haitong Int'l 海通國際
http://www.aastocks.com/EN/LTP/RTQuote.aspx?symbol=00665

Current/Target Price: $4.06 -> $5.08
Cut loss: $4.03

Performance Justification:
- Net profit 529 mil up 80.32% yoy

Risk profile:

- Speculative day trade opportunity
Low liquidity and participation 
- Extremely high debt ratio

Other broker recommendations:
N/A

High: 6 Current: 5.17

Southwest Eco 8291 (03/03/2014)

Date Announced: 03/03/2014
http://www.aastocks.com/EN/news/stocksnewsnotice/08291.html

Ticker: 8291 Southwest Eco 西南環保
http://www.aastocks.com/EN/LTP/RTQuote.aspx?symbol=08291

Current/Target Price: $0.78 -> $2.96
Cut loss: N/A

Performance Justification:
- Net profit 63.51 mil (down yoy)
- Should be an undiscovered/shell company stock

Risk profile:

Low liquidity and participation
- GEM
- High risk no research on the underlying, if day spike then cut position

Other broker recommendations:
N/A

High: 3.99 Current 3.3

Youyuan 2268 (03/03/2014)

Date Announced: 03/03/2014
http://www.aastocks.com/EN/News/HK6/101/NOW.592006.html

Ticker: 2268 You Yuan Hldgs 優源國際
http://www.aastocks.com/EN/LTP/RTQuote.aspx?symbol=02268

Current/Target Price: $2.18 -> $2.75
Cut loss: N/A

Performance Justification:
- Net profit 290 rmb up 16.1% yoy

Risk profile:

Low liquidity and participation stock so target rmb value

Other broker recommendations:
N/A

High: 2.36 Current: 1.66

Thursday 27 February 2014

Hosa Int'l 2200 (27/02/2014)

Date Announced: 27/02/2014
http://www.aastocks.com/EN/News/HK6/101/NOW.591183.html

Ticker: 2200 Hosa Int'l 浩沙國際
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=02200

Current/Target Price: $2.14 -> $3.31
Cut loss: N/A

Performance Justification:
- Net profit 370 mil rmb up 11.8%
- No long term debt

Risk profile:

- Low liquidity and participation stock so target rmb value

Other broker recommendations:
N/A

High: 3.4 Current: 3.19

XinYi Glass 868 (26/02/2014)

Date Announced: 26/02/2014
http://www.aastocks.com/EN/News/HK6/101/NOW.591061.html

Ticker: 868 XinYi Glass 信義玻璃
http://www.aastocks.com/tc/LTP/RTQuote.aspx?&symbol=00868

Current/Target Price: $6.84 -> $7.72
Cut loss: N/A

Performance Justification:
- Net profit 303 mil
- No underlying debt
- Very popular retail stock

Risk profile:

- Highly liquid, may come under large take profit trades in short term

Other broker recommendations:

JPM: $10 (30% underlying growth)

High: 7.19 Current: 4.33