Take a high position. We believe 2013 will turn out to be a better year for high-end developers. The ability to move completed inventory will be good news to them, as the profits can be recognized immediately. We raise our target prices for Wing Tai (maintain BUY; TP: SGD2.10) and Ho Bee (upgrade from HOLD to BUY; TP: SGD1.79) as we ascribe a narrower 40% RNAV discount to account for their potential re-rating. Source: Maybank Kim Eng
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....