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

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

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

CKI Holdings 1038 (25/02/2014)

Date Announced: 25/02/2014
http://www.aastocks.com/en/News/HK6/101/NOW.590790.html

Ticker: 1038 CKI Holdings 長建
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=01038

Current/Target Price: $50.55 -> $56.4
Cut loss: N/A

Performance Justification:

- Net profit 11639 mil hkd up 23.5%


Risk profile:

- Cheung Kong subsidiary, liquid stock 2.5 bil hkd on the order book...

Other broker recommendations:

JP Morgan: Overweight; Target price: $65
Bank of America Merrill Lynch: Buy; Target price: $63 (rose from $60)Macquarie: Outperform; Target price: $63Citibank: Buy; Target price: $60 (reduced from $61)UBS: Buy; Target price: $56Standard Chartered Securities: Outperform; Target price: $55 (reduced from $61.8)HSBC Securities: Neutral; Target price: $53Deutsche Bank: Hold; Target price: $45.8

High: 59.45 Current: 57.25

HSBC 5 (24/02/2014)

Date Announced: 24/02/2014
http://www.aastocks.com/EN/News/HK6/00005/NOW.590561.html

Ticker: 5 HSBC 匯豐控股
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=00005

Current/Target Price: $81.85 -> $91
Cut loss: N/A

Performance Justification:

- Net profit 16,204 mil usd (125,725 mil hkd) up 15% from previous year

Risk profile:

- Under estimated performance, however, I believe market already priced in. Market over reacted over negative news and already reacting to lower future earnings
- Highly liquid and popular blue chip stock, should recover in the short term

Other broker recommendations:

UBS: $85.5 (project 6% decrease)
JPM: $92
MS: $90

High: 86.4 Current: 71.75

Hisense Kelon 921 (22/01/2014)

Date Announced: 22/01/2014 (unaudited performance)
http://www.aastocks.com/EN/News/HK6/00921/NOW.586061.html

Ticker: 921 Hisense Kelon 海信科龍
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=00921

Current/Target Price: $12.7 -> $16.6 (1.26 cny exchange rate) Y13.16
Cut loss: $10.88 (20% growth from last year)

Performance Justification:
- Using 1.2 Bil rmb as target unaudited underlying profit (projected 67-100% increase in underlying)
- No underlying debt


Risk profile:

- Stock liquidity profile is medium, has sufficient liquidity but a large investor can topple this market
- Results are pre-announcement official release 27th March. Fluctuations apparent in market until then


Other broker recommendations:

(Unknown) -> Y13.25

High: 14.38 Current: 6.72

Power Assets 6 (25/02/2014)

Date Announced: 25/02/2014
http://www.aastocks.com/EN/News/HK6/00006/NOW.590782.html

Ticker: 0006 Power Assets 電能
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=00006

Current/Target Price: $64.7 - > $69.9
Cut loss: N/A

Performance Justification:
- 11,165 mil (11.1 bil) underlying profit
- debt/equity 3x%

Risk profile:
- High liquidity around 10 mil on the order book at times of liquidity
- This has the adverse effect of the price taking time to reach target, but should eventually reach with no down side risk


Other broker recommendations:

JPM: $83 (requires 20% underlying growth)
UBS: $77 (requires 10% underlying growth)

High: 76.5 Current: 73.05

Citic Telecom 1883 (18/02/2014)

Date Announced: 18/02/2014
http://www.aastocks.com/EN/News/HK6/01883/NOW.589624.html

Ticker: 1883 Citic Telecom 中信國際電訊 
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=01883

Current/Target Price: 2.80 -> 3.21
Cut loss: N/A

Performance Justification:
- 1201 mil underlying profit (2.3x growth see notes below)
- First substantial debt repayment due in 2015

Risk profile:
- Underlying growth attributed to acquisition, core business actually reduced
- Long term debt increased 100%+
- Liquid stock
- Rumored to purchase Macau CTM could potentially send the stock up or down

Other broker recommendations:
Stanchart - $3.3
Db - $3

High: 3.28 Current: 2.58

Cabbeen 2030 (20/02/2014)

Date Announced: 20/02/2014
http://www.aastocks.com/EN/ltp/LTP_RT_Quote/HK6/NOW.590055.html

Ticker: 2030 卡賓Cabbeen
http://www.aastocks.com/tc/ltp/rtquote.aspx?symbol=02030

Current/Target Price: $2.59 -> $4.68
Cut loss: N/A

Performance Justification:
- 195 mil RMB underlying profit
- 50% yoy
- Long term debt cleared

Risk profile:
- Recent IPO
- Very low liquidity and market participation can drop fast

Other broker recommendations:

BofAML -> $3.15 (Buy)

High: 3.2 Current: 2.88