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READERS’ TOP PICKS FOR Q1
|
Stock
|
2010 starting price (cts) |
Jan 15 close (cts) |
% change in 2 weeks |
Reader who highlighted stock |
1. Techcomp
|
30 |
37 |
23 |
MacGyver |
| 2. Broadway |
62.5 |
90.5 |
44.8 |
MacGyver |
| 3. SMB |
32 |
33.5 |
4.7 |
Josephyeo |
| 4. Eastern Asia |
11 |
11 |
- |
Josephyeo |
| 5. Changtian Plastic |
22 |
22.5 |
2.3 |
Morpheus |
| 6. Junma Tyres |
16.5 |
18.5 |
12.1 |
Morpheus |
| 7. Oceanus |
44 |
42.5 |
(3.4) |
happin |
| 8. Design Studio |
63.5 |
67.5 |
6.3 |
happin |
| 9. Cityspring |
59 |
62.5 |
5.9 |
at301273 |
| 10. Metro |
79 |
87 |
10.1 |
lowsx |
| 11. Second Chance |
32 |
34 |
6.3 |
sgmarket |
| 12. Rotary Engineering |
105 |
113 |
7.6 |
PKC |
| 13. Sinotel |
63.5 |
64.5 |
1.6 |
thinkofstock |
| 14. Saizen REIT |
15 |
17 |
13.3 |
AK71 |
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TWO WEEKS into the new year, and our Readers’ Portfolio has gone up 7.4% - a good performance compared to the Straits Times Index which managed only 0.37%.
The NextInsight Readers’ Portfolio is made up of 28 stocks highlighted by readers in this forum thread.
(Because of a cutoff date, a few stocks mentioned by forumers didn’t make it to the portfolio)
The 28 stocks are mostly small- and medium-cap stocks, some of which look either undervalued or are poised for strong earnings growth.
Top stocks that shot up more than 20% were:
* Broadway: Up 44.8%.
Broadway has enjoyed renewed attention from analysts in recent weeks. For example, DMG & Partners on Friday Jan 8 initiated coverage of Broadway with a BUY recommendation and target price of S$1.01.
DMG said: “Whether be it from a P/E or P/B perspective, the valuations of hard disk drive component manufacturer Broadway Industrial is appearing to be cheap.”
The volume of Broadway shares traded on that Friday was an astounding 7.4 m. Broadway has since been presenting its story to fund managers, including at the DBS Pulses of Asia conference on Jan 12.
| |
Stock
|
2010 starting price (cts) |
Jan 15 close (cts) |
% change in 2 weeks |
Reader who highlighted stock |
| 15. Ascott REIT |
120 |
136 |
8.3 |
kisuke |
| 16. GuocoLeisure |
70 |
76.5 |
9.3 |
kisuke |
| 17. Berlian Laju |
10 |
10.5 |
5 |
kisuke |
| 18. Hiap Hoe |
51.5 |
60 |
16.5 |
sumer |
| 19. Q&M |
55.5 |
59 |
6.3 |
sumer |
| 20. Healthway |
13.5 |
17.5 |
29.6 |
AK71 |
| 21. SingPost |
101 |
102 |
- |
sgmarket |
| 22. Hersing |
36 |
36 |
- |
sgmarket |
| 23. Tuan Sing |
22 |
25.5 |
15.9 |
Dello |
| 24. Roxy Pacific |
29.5 |
35.5 |
20.3 |
happin |
| 25. United Overseas Australia |
32.5 |
36 |
10.8 |
Keithkeh |
| 26. Keppel Corp |
823 |
856 |
4 |
Keithkeh |
| 27. China New Town |
14.5 |
13 |
(10.3) |
Harlequin |
| 28. Miyoshi |
17 |
17.5 |
- |
Keithkeh |
OVERALL
|
2031 |
2182 (Up 7.4%) |
|
|
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* Healthway Medical: Up 29.6%.
The stock had no analyst coverage for the longest time until DMG & Partners became the first. It set a target price of 28 cents early this year.
Healthway has initiated share buybacks in the past few weeks. Its PE ratio was a laggard among medical stocks.
* Techcomp: Up 23%.
No newsflow from the HK-headquartered company for many months already but based on its historical performance, the second half of the year is a much stronger one than the first half.
Techcomp had already achieved a record first-half in 2009.
* Roxy-Pacific: Up 20.3%.
This boutique property developer is a laggard among its bigger peers.
Think CapitaLand (up by more than 100% from Mar 09 low), Allgreen Properties (more than 200% from Mar 09 low), etc.
Roxy-Pacific owns Grand Mercure Roxy Hotel (opposite Parkway Parade): Above picture is of its Feast@East restaurant
Roxy-Pacific, which owns a hotel sited opposite Parkway Parade, is still is at a sharp 52% discount to its Sept-09 RNAV of about 54 cents.
