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Fuxing – backed by $0.14 of cash
Fuxing – backed by $0.14 of cash 150 150 Ernest Lim's Investing Blog

Fuxing China (“Fuxing”) piques my interest as analysts have ascribed an average target price of $0.27 which last traded at $0.16. This represents a whopping 69% potential upside. Dividend yield…

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Sino Grandness results review
Sino Grandness results review 150 150 Ernest Lim's Investing Blog

3QFY10 Results Revenue rose 50% from RMB128M in 3QFY09 to RMB192M in 3QFY10. NPAT surged 54% from RMB25M in 3QFY09 to RMB39M in 3QFY10. EPS rose 54% from 9.5 RMB…

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Sino Grandness – A growth stock with low PE
Sino Grandness – A growth stock with low PE Ernest Lim's Investing Blog

Description of Sino Grandness For readers who are not familiar with Sino Grandness, it is an integrated manufacturer and supplier of canned fruits and vegetables. It is one of the…

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News update 19 Oct 10
News update 19 Oct 10 150 150 Ernest Lim's Investing Blog

Wall Street Update and Outlook Previous closeChg% chg DOW11,143.6980.910.73% Nasdaq2,480.6611.890.48% S&P1,184.718.520.72% Source: Yahoo Finance Citigroup led the rebound in bank stocks on an upbeat earnings report. It jumped 5% yesterday…

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News update 18 Oct 10
News update 18 Oct 10 150 150 Ernest Lim's Investing Blog

Wall Street Update and Outlook Previous closeChg% chg DOW11,062.78-31.79-0.29% Nasdaq2,468.7733.391.37% S&P1,176.192.380.20% Source: Yahoo Finance Earnings, Bernanke, and data were in focus on Friday, but the major averages diverged as the…

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News update 15 Oct 10
News update 15 Oct 10 150 150 Ernest Lim's Investing Blog

Wall Street Update and Outlook Previous closeChg% chg DOW11,094.57-1.51-0.01% Nasdaq2,435.38-5.85-0.24% S&P1,173.81-4.29-0.36% Source: Yahoo Finance Stocks logged their first loss in five sessions as weakness among bank stocks imbued broader market…

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News update – 14 Oct 10
News update – 14 Oct 10 150 150 Ernest Lim's Investing Blog

Wall Street Update and Outlook Previous closeChg% chg DOW11,096.0875.860.69% Nasdaq2,441.2323.310.96% S&P1,178.108.330.71% Source: Yahoo Finance Strong earnings and a slide in the dollar sent stocks to fresh five-month highs this session.…

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News update – 13 Oct 10
News update – 13 Oct 10 150 150 Ernest Lim's Investing Blog

Wall Street Update and Outlook Previous closeChg% chg DOW11,020.4010.060.09% Nasdaq2,417.9215.590.65% S&P1,169.774.450.38% Source: Yahoo Finance Though stocks were quick to recover from an early slide, the broader market stagnated near the…

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Sunvic – Cheap valuations, record year but…
Sunvic – Cheap valuations, record year but… 150 150 Ernest Lim's Investing Blog

With reference to Table 1 below, Sunvic valuations seem very cheap. Below are my conservative assumptions. Table 1: Sunvic earnings forecasts YearsFY11F BaseFY10F HighFY10F BaseFY10F Low1HFY10 ActualsFY09 Actuals *Sales (RMB…

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News update – 12 Oct 10
News update – 12 Oct 10 150 150 Ernest Lim's Investing Blog

Wall Street Update and Outlook Previous closeChg% chg DOW11,010.343.860.04% Nasdaq2,402.330.420.02% S&P1,165.320.170.01% Source: Yahoo Finance Stocks spent most of the session chopping along listlessly with modest gains until a flurry of…

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