RiskyAl - 009

Trades update for the week

Bought:
China environment @25cents.

Holdings:

Action Asia @19.5cents. - recently just publish its FR. Going to give out dividend again for this financial year. Base on the current price (19cents), the dividend yield is close to 8%.

**Revenue rises 21.3% to S$130.1 million in 3Q2010

Net profit for nine months ended 30 September up 26.4% to S$25.3 million on 49.5%increase in revenue to S$291.0 million. The Group’s earnings per share (EPS) in 3Q2010 went up 25.1% to 2.19 cents, while theEPS surged 49.0% from 3.41 cents to 5.08 cents for 9M2010. The Net Asset Value (NAV) rose by 18.5% from 18.9 cents to 22.4 cents for the nine months ended 30 September 2010. The Group announced an interim cash dividend of 0.50 cent per share for 3Q2010. This isDecember 2010.**

China Environment @25cents

Proposed dual listings in Hongkong recently hence decided not to wait at 24cents anymore. Great industrial potential which deals with controlling of air pollution in China. Business would be good when china implement stricter measures in controlling their air pollution. Limited downside.

China Taisan @19.5cents

ADR and TDR. Strong recovery for the past 2 quarters. price is lagging behind as compared to its peer china gaoxian. Will continue to load more if the price drops.

Currently Looking at the following stocks:
1. Changtian
2. LeeMetal
3. Aztech
4. Li heng

Will give more infor when decided to buy the stocks.

Missed opportunities:
1. Dapai
2. China Gaoxian

Have been queuing to buy those stocks but didnt hit my buying price. Hence missed out a quite a fair bit of profit if have gotten those stocks.

Gaoxian has risen from ard 18cents to now 24cents. thats almost 33% increase.. This might be due to the news of dual listing in korea. Hope this will also help in increasing the interest in textile stocks, and taisan might be the next one to chiong as it is going to be listed in taiwan stock exchange as well.

Dapai came down from 23.5cents due to its profit warning. it went down to as low as 19cents. that was my first prediction that i have told chao. However, trying to be safe, I lowered down the buying price again and missed the opportunity to ride this rebound to 22cents.

Random thoughts:

Print More Money = More Money moving around the market = Possible of continuation of this bull run. My previous prediction for STI this year would be highest 3300. Now its just merely 60 points away from it. Hence I feel that STI might just break this barrier and enter into 3400-3500 range, which was our Chao's prediction of highest point for STI this year.

Moving forward, I will be looking at laggards stocks, as they will slowly but surely catch up with their peers PE valuations. As long as the profit is stable and is giving out dividends, their price should be moving north as well. Will be interesting next week. DOW is up closed to 200 at the point when I am typing. Will my pennies start to move next week? Patience.. like what chao has said..

Huat ah,
Ah Lam