China Economic Slow Down

The US Conference Board revised its leading economic indicator index for China in April to a rise of only 0.3 per cent from its previously reported 1.7 per cent, on account of a calculating error.

Whether the figures is correct or wrong, a minor adjustment for China market is healthy for long term growth.

Get ready for this down turn and we may be able to make atleast 10%-20% by year-end.

Golden Agri: buy SGD0.50 and below.
Level 1 : 0.500
Level 2 : 0.475
Level 3 : 0.450

KFIMA-another FABER?

Fundamentally good with EPS estimated atleast 18 sen for FY2010. Building up in cash in hand RM128 million. Business include manufacturing, bulking and plantation.

Good entry point at RM0.95 and below.

COCOLAND (7205)

COCOLAND price find a very good support at RM1.40 level and today its price break 1.55 with volume increase > 1.4 million share traded. Something is going on. Maintain TP- RM1.80

AEONCR (5139)

If you think Jusco business is good and most people like to shop there, then you should consider to buy AEONCR-RM3.90 :-

1. Good dividend yield 5%
2. Potential bonus issue this year/next year based on AEON track record.
3. Target price given by OSK Research- RM4.90

Golden Agri

Golden Agri price find good support at SGD0.48 with CPO price trading at range 2370-2450 level. Therefore, we may start to buy again for price SGD0.50 and below if opportunity emerge.

Golden Agri closed at SGD0.53 on 14-6-2010.