125_terencewongTerence Wong, head of research, OSK-DMG.My Model Portfolio did well over the past week, rising 1.9%.

Water treatment firm Hankore (BUY, TP SGD0.161) was once again the major contributor, jumping almost 9%.

Since it was purchased less than three weeks ago, it has appreciated by 28%, driven by a series of positive newsflow.

Hankore will be finalising the consideration for the deal to buy up China Everbright’s assets by the end of the month, and a definitive agreement will be made by the end of next month.

As we indicated in our initiation report, this deal is a game changer for the company.

♦ Liftboat specialist Ezion (BUY, TP SGD3.00) has seen its share price decline 12% since its peak in Jan.

Head of Regional Offshore & Marine Research Jason Saw thinks that it is a good time to accumulate on weakness.

He likes Ezion for its solid chartering backlog, leading market position in Asia and strong management track record (ditto).

♦ Key Change: I will be selling off Eu Yan Sang (BUY, SGD0.92), which retails and distributes traditional Chinese medicine, as it is flirting with our TP.

I will be hiving off all 400,000 shares at SGD0.85, walking away with gains of 13% over an 8-month holding period. 

terencewong3.14Since Terence started his model portfolio in July 2010, it has gained 150%.

 

Recent stories:

HANKORE -- another positive analyst call; SUNVIC -- note its undervaluation

LIAN BENG GROUP -- Buy with 70-c TP; DECLOUT -- Hold, after strong run-up 

NAM CHEONG, DEL MONTE: What analysts now say
 


Comments  

0 #1 Koho 2014-03-27 09:31
In the portfolio, Midas has underperformed badly. Its orderbook has grown a lot but the earnings forecast still isn't enough to justify a much higher stock price.


Nam Cheong is heavily recommended by analysts but I wonder why there is always a big road block to its share price.
Quote

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AEM Holdings3.770-0.040
Avi-Tech Electronics0.2850.005
Best World1.8000.080
Broadway Ind0.117-
China Sunsine0.415-0.005
DISA0.003-
Food Empire0.635-0.005
Fortress Minerals0.315-
Geo Energy Res0.3600.005
Golden Energy0.770-0.010
GSS Energy0.0500.001
InnoTek0.420-
ISDN Holdings0.410-0.010
ISOTeam0.103-
IX Biopharma0.1290.002
Jiutian Chemical0.0770.001
KSH Holdings0.355-
Leader Env0.056-
Medtecs Intl0.153-0.005
Meta Health0.024-0.001
Nordic Group0.4750.015
Oxley Holdings0.142-0.001
REX International0.230-
Riverstone0.615-0.010
Sinostar PEC0.191-
Southern Alliance Mining0.405-
Straco Corp.0.405-
Sunpower Group0.260-0.005
The Trendlines0.093-
Totm Technologies0.115-0.002
UG Healthcare0.199-
Uni-Asia Group0.810-
Wilmar Intl4.050-
Yangzijiang Shipbldg1.4300.020

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