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
Thursday 27 February 2014
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
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
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
Wednesday 26 February 2014
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
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
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
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
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
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
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