Tuesday, September 7, 2010
HOT STOCK - KIM ENG says SPH - Money Mind
HOT STOCK - KIM ENG says SPH is on course to report a record net profit for FY Aug10 when it announces its full-year results, likely on 12 October. Our page count shows that sales growth in the fourth quarter moderated somewhat, but the Singapore growth story will continue to sustain print advertising demand. Catalysts lie on the property front. BUY with a target price of $4.62. - KIM ENG
HOT STOCK: KIM ENG says Eratat Lifestyle - Money Mind
HOT STOCK: KIM ENG says Eratat Lifestyle recently held its annual Spring/Summer 2011 trade fair to showcase its latest designs to its distributors. Response has been very positive with new products generally able to command higher ASPs. We see a favorable risk-to-reward ratio as the stock is now trading at only 4x FY10 PER, a steep discount to China Hongxing of over 20x.
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