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July 16 report titled Time to Emphasise Value


KUDOS TO Kenneth Ng, CFA, of CIMB-GK for coming up with a shortlist of stocks that look great to buy during this market slump.


In a report yesterday (July 16), he wrote that “we sieve through our stock coverage avoiding: 1) stocks with poor liquidity (less than S$400m market cap); and 2) stocks with deteriorating earnings prospects or high gearings.”

From CIMB-GK's screening of stocks in its universe of coverage emerged companies that appear to provide great value once the worst is over, wrote Kenneth. 

The stocks were categorized as follows:

1. Lowest CY08 P/E
2. Lowest CY09 P/E
3. Lowest CY08 P/RNAV
4. Lowest CY08 P/BV

Rare are the times when an investor can buy a good business at a bargain price. Rare are the breed of investors who can act when value stares at them, in the face,” wrote Kenneth.

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