The World Market has taken a panic selling and recent slumps has cause even alot of good quality shares to drop at least 20% to 30%. Here are a few good counters with strong Fair Value and Coporate Earnings for the past few quaters that are worth investing. Buy at weakness, Sell at Strength or New Highs Broken.
One of my Favourite Counters is LionInd, with a Fair Value of RM2.51 according to OSK Top 2010 Jewels Research and a Net Asset of RM4.05. Its latest Quaterly Report last Thursday 27th May 2010 has reported a Strong Increase of RM88 Million Net Profit Gains compared to last years 20091Q RM256 Million Losses. Judging by the Profit Report, the Target Price will be upgraded from RM2.51 to RM2.80 at least. And hence bringing in a lot of buyers/investors by Volume. It has a strong surplus of Steel Assets which the world is in much needed and production prices are increasing which will add to its profits.
My Recommendation: Buy as long as there is a strong dip.
Lowest Price Last 1 Month: RM1.37. (Buy at Rm1.40/RM1.25/RM1.10 if got drop)
Strong Price Last 3 Months: RM2.00 (Can Sell if above RM2.50).
Strategy, Buy some at small drop, buy more and more as the drop gets bigger and bigger.
Kencana Petroleum has a Strong Order Book of nearly RM1.6 Billion and Growing. Its Lowest Price last week during the European Debt Crisis was Rm1.27. That time US Crude Oil Price was near USD67. Now that US Crude Oil has risen to USD75. Kencana with its strong orders books with tons of projects coming in, has increased to Rm1.36 only. Expect strong quaterly results and annual results from this counter.
Its Fair Value and Target Price is set at Rm1.81, next level will be Rm2.20. Good Buy at RM1.30 and below, can buy some now and buy more later on if there is any more drop. Keep till above Rm1.80. Its one of my Favourite Oil & Gas Counters.
BJCorp, being 48% Own by Tan Sri Vincent Tan, Malaysia's Top 10 Richest Man, Berjaya Corporation is of no small name to most investors. Its recent aquisition of the new Soccer Bettings will improved BJCorps Earnings in the near Future.
BJCorp's Lowest Price Recently is Rm1.44. Highest Price is RM1.83. With a Fair Value/Target Price of RM2.15 based on the latest Reports.
Axiata is previously know as Telekom International which has massive investments world wide in Telecommuncations and 3G Networks. A Major Player in the Region and with huge earnings.
In the Year 2008, if Suffered a loss of nearly RM500 Million when TM Group switch all of its losses to Axiata, in Year 2009, it make a huge record by earning Rm500 Million in the subsequent year.
Axiata is a good buy at RM3.50 Level, Target Price Rm5.05 according to most Major Reports. Giving it about 25% percent increase by year end. Current price is Rm3.67 after dropping from RM3.97 last month.
Affin Bank is my Top Banking Stock after Maybank & CIMB. Affin was recently competing with HLBBank for EONCap but EONCap has choosen to accept Hong Leong Bank's Taker over Offer. So leaving Affin Bank in the Cold.
But Affin Bank's Earnings are quite strong, fair value is about RM4.00. Suggested buy around RM2.75 Level, and sell above RM3.30.
