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

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

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