Saturday, January 4, 2014

2013 Stock Picks: 4th Quarter Review

| 03 JANUARY 2014
2013 Stock Picks: 4th Quarter Review
By Ong Qiuying and Nicholas Tan

2013 has indeed been a year of ups and downs for the Singapore market. As the year draws to a close, many questions come to mind as we review the happenings of 2013. How have we performed in the last lap of the race this quarter? What tidings will 2014 bring? What should be the next move for investors? Let us put some answers to these questions as we round up the performance of the stock picks of 2013 by the market experts and the Shares Investment team in 4Q13 and take a peek into the crystal ball with analysts on the outlook in 2014.


Looking back on 2013, the Singapore market has somewhat been a laggard, underperforming the region. Following the Straits Times Index’s (STI) joyride to hit five-year high in May, the second half of the year saw the STI struggling to stay in the positive territory, mired in tapering woes. In the last quarter of the year where most indices enjoyed a Santa Claus Rally and hit multi-year highs, the STI struggled to stay afloat with much spotlight on the penny stocks fiasco that sent many investors to the sidelines.

The STI ended flat at 3,167.43 for 2013 and recorded a slight dip in the last quarter, as much of the market, especially the penny stocks, soak in a bloodbath. The stock picks were likewise affected by the overall sentiment in the market. We take a closer look at some of the picks that has managed to overcome the gloomy mood in the local market.

Collin Seow: United Envirotech

Highlights:
• During the quarter, the company secured three major investment projects which will contribute substantially to FY15 bottomline, namely two projects in Shandong province totalling Rmb205 million as well as a project in Liaoning province worth Rmb286 million.
• Cash balance rose back up to $82.3 million, boosted by the receipt of $63 million from a bond issue. The group is currently looking at viable Transfer-Operate-Transfer projects in both municipalities and textile-related industrial parks.

Willie Tan Yi Li: Yangzijiang Shipbuilding Holdings

Highlights:
• The Chinese government’s revised three-year consolidation plan for the industry has led experts to predict that the shipbuilding sector’s capacity in China will shrink by 30 to 50 percent over the next five years.
• Year-to-date, Yangzijiang has won 67 new shipbuilding contracts amounting to US$2.6 billion, taking its outstanding order book as at 30 September to US$3.9 billion, comprising 88 vessels, marking a trend reversal in four quarters. Additionally, the group has a total of 30 outstanding options worth a total of US$1.5 billion.

SI: Eu Yan Sang International

Highlights:
• Eu Yan Sang International’s (EYS) Australian operations grew 16.3 percent year-on-year (yoy) and 9.3 percent quarter-on-quarter in 1Q14, marking six consecutive quarters of growth from this segment. This was boosted by EYS’s earlier acquisition of Healthy Life Group in Australia, which reported a strong 30 percent yoy improvement in sales.
• EYS’s transformation of its branding has allowed the company to expand rapidly to 299 outlets all over the world and ride on the growing affluence in the North Asia region especially China and Hong Kong, which continues to see strong traction in sales.

Table 1: Fourth Quarter Performance
*Inclusive of dividends ex-ed during the quarter

Source/Extract/Excerpts/来源/转贴/摘录: http://www.sharesinv.com/
Publish date: 03/01/14

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Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
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