The Lunar New Year got off to a good start this week. The index managed to gain 61 points for the week to close at 1746 on Friday.
However US market experienced a triple digit loss of 148 points on Friday to end at 8000 level. This will put some pressure on the Singapore market on Monday.
The latest issue of Edge investment weekly has recommended 10 stocks to ride the recovery.
The list is as follows:
Company | Price as at 30 Jan 08 (S $) |
|---|---|
| Capitaland | 2.400 |
| Epure International | 0.280 |
| Genting International | 0.435 |
| Midas Holdings | 0.525 |
| Neptune Orient Lines | 1.130 |
| Pan-United Corp | 0.370 |
| Sihuan Pharmaceutical | 0.705 |
| Singapore Exchange | 5.150 |
| ST Engineering | 2.280 |
| United Overseas Bank | 11.880 |
The reasons quoted for buying the stocks sound reasonable. However note that last’s year recommended holdings produced an average return of -55%. For more information, please refer to Feb 2 – Feb 8 09 edition of the Edge Weekly.
Let’s hope this year the recommended portfolio can give a better return.
Happy investing and Gong Xi Fa Cai.
2 comments:
Hi,
Stumbled onto your blog via google.
Great post!
Thanks for the highlight.... I am still holding on my funds for time being.
Are you a broker? :)
Ren
Hi, where can I read the edge weekly and also where can I learn charts from. I really need your help.Thanks
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