Friday, November 13, 2009
Week 8: Etika, Biosensor Shine; Stratech Disappoints
Most of the results for the quarter are out. Etika and Biosensor shone with their good set of results. Etika's earnings has beat analyst forecast by 5-10% while Biosensors has shown excellent qoq performance. UOB-KayHian has also shown a very positive 9M09 but its shares have remained level around $1.40 plus. I am waiting for that CNY cheer when it should propose a good final dividend of at least 4.5 cents.
Stratech has on the other hand disappointed, with its very poor earnings. This stock has not have any good news flow since appearing on The Edge. Maybe the guy is just tooting his own horn. GMG Global has also struggled. It is a classic case of too many shares not enough earnings.
Elsewhere, Genting and ChinaMilk have also failed to perform. Genting shares have now moved past $1.10 mark as the opening of the casino looms nearer. ChinaMilk has on the other handplunged to the $0.31 mark but there are people betting on a turnaround and have started to accumulate.
2 stocks that you should look out for if you have a 3 months horizon are Yongnam Holdings and Oceanus. No doubt they are punter's favourite, but they also have good fundamentals. Yongnam will recognise more revenue from its IR project and the dividends should come in next year.
Oceanus' TDRs is its catalyst. No doubt that the market might have priced it in, there is still some potential in guessing whether the TDR will be listed at a premium or a discount. Due to its specualtive nature, small bets are in order.