Weekly Outlook : Bullish

Note : Discipline

Trading

BUY : HSCE -> 2X
Switch : 8058(羅欣藥業$9.45) -> 45(大酒店$12.3)

Accumulate : 2168 (盈德氣體$8.6)

Watch List
1. 3988 中國銀行: Sell @ 5.8
2. 1174 太平洋恩利 : stop loss @ 1.40 ; Sell by 1/7

Trading Strategy 28-4-2010

Trading

Sell : 2899($6.35) 紫金礦業 for cash, 992 (聯想集團) Which will spend $10B for useless palm !!

Neutral/Hold : HSCE <>
Switch : 8058(羅欣藥業$9.45) -> 45(大酒店$12.3)

533 (金利來集團 $2.85)-.2168 (盈德氣體$8.6)

Watch List
1. 3988 中國銀行: Sell @ 5.8
2. 1174 太平洋恩利 : stop loss @ 1.40 ; Sell by 1/7

Trading Strategy 26-4-2010

Trading

Sell : 2899($6.35) 紫金礦業 for cash

Neutral/Hold : HSCE < 2 Lots (NO LONG)!!
Switch : 8058(羅欣藥業$9.45) -> 45(大酒店$12.3)

533 (金利來集團 $2.85)-.2168 (盈德氣體$8.6)

Accumulate : 0107 (四川成渝高速公路)

Watch List
1. 3988 中國銀行: Sell @ 5.8
2. 1174 太平洋恩利 : stop loss @ 1.40 ; Sell by 1/7

Weekly Review 25-4-2010

Comments on Behaviour Finance :

Rather react to exciting news, it is more profitable to focus on boring news.

人民幣 : 升值 3%-6% in 2010

黃金 : 所有貨幣貶值，黃金和商品上漲

高增長行業 : 藥物 ; 天然氣

觀察名單

2318 中國平安: 富通復甦;整合商業模式和增長潛力(增長@37%, PEG = 0.34)

1387 人和商業 : 地下商場;領導市盈率@6.9

2343 太平洋航運 : 週期性股票穩定的復甦; 良好的管理 (首季船租增20%)

868 信義玻璃: 週期性商品股票(汽車及建造業)(主席回購 $5.03)

861 神州數碼 : 領先的科技股

1968 匹克體育 : 消費者運動股;高增長行業; (PE @ 14)

3988 中國銀行: 便宜的銀行股 P/B =1.5, 利率上升->毛利提高

533 金利來集團 : 便宜的消費股P/E 10.5

992 聯想集團 : 週期性技術股票(Gartner 估計20% up in 2010)

1812 晨鳴紙業 : low PE @ 15.6 (vs 26) low PB @ 0.9 (vs 3.0)

2168 盈德氣體 : 超高增長行業

107 四川成渝高速公路 : PE @12 Vs 15 強勁增長@40%->20%

Trading Strategy 22-4-2010

Trading

Neutral/Hold : HSCE < 2 Lots (NO LONG)!!
Switch : 8058(羅欣藥業) -> 45(大酒店)

Accumulate : 819 (天能動力) 0107 (四川成渝高速公路)

Watch List
1. 3988 中國銀行: Sell @ 5.8
2. 1174 太平洋恩利 : stop loss @ 1.40 ; Sell by 1/7 if <>

Trading Strategy 19-4-2010

Trading

Clear all holding HSCE if HSCE goes South, Clear all HSCE by 20-4

Switch : 8058(羅欣藥業) -> 45(大酒店)
Accumulate : 819 (天能動力) 0107 (四川成渝高速公路); 0082(第一視頻)

Watch List
1. 3988 中國銀行: Sell @ 5.8
2. 1174 太平洋恩利 : stop loss @ 1.40 ; Sell by 1/7 if < 1.6

Trading Strategy 13-4-2010

Trading

Watch : 819 (天能動力) 0107 (四川成渝高速公路); 1X HSCE

Sell : Sell HSCE to average level By 19 Apr

Watch List

1. 3988 中國銀行: Sell @ 5.8

2. 1174 太平洋恩利 : stop loss @ 1.40

3. Active portfolio re-balance

Trading Strategy 12-4-2010

Trading

Buy : 2X HSCE,

Watch : 819 (天能動力) 0107 (四川成渝高速公路); 1X HSCE

Sell : Sell HSCE to average level By 19 Apr

Watch List

1. 3988 中國銀行: Sell @ 5.8

2. 1174 太平洋恩利 : stop loss @ 1.40

3. Active portfolio re-balance

Weekly Review 11-4-2010

CNY : rises 3%-6% in 2010

Gold : All currency depreciates, Gold and commodity rises

Watch List
2318 中國平安: Fortis is recovering; aggregate management and huge growth potential. (Grow at 37%, PEG = 0.34)
1387 人和商業 : Est PE = 6.9 underground shopping mall
2343 太平洋航運 : cyclical stock - steady for recovery in 2010.
868 信義玻璃: cyclical commodity auto & construction. (2009/09/27 Chairman buy at $5.03)
861 神州數碼 : Octopus in China
1968 匹克體育 : consumer sports (PE @ 14)
3988 中國銀行: cheap stock with P/B =1.5, Interest rate rises
2355 寶業 : Cheap construction firm P/E = 6.8
533 金利來集團 : cheap consumer stock P/E 10.5
992 聯想集團 : cyclical technology (Gartner projects 20% up in 2010)
1812 晨鳴紙業 : low PE @ 15.6 (vs 26) low PB @ 0.9 (vs 3.0)
1313 華潤水泥 : Strong growth in Southern China; Gross Profit margin 30% (vs 20%)

Trading Strategy 9-4-2010

Trading

Sell : 2899 (紫金)

Watch : 819 (天能動力) 0107 (四川成渝高速公路)

Watch List

1. 3988 中國銀行: Sell @ 5.8

2. 1174 太平洋恩利 : stop loss @ 1.40

3. Active portfolio re-balance

Trading Strategy 8-4-2010

Trading

1. Sell : 2899 (紫金) 855 (中國水務)

2. Buy : 754 (合生創展)

3. Spread Trade : HSCE -> HSI

4. Watch : 819 (天能動力) 0107 (四川成渝高速公路)

Watch List

1. 3988 中國銀行: Sell @ 5.8

2. 1174 太平洋恩利 : stop loss @ 1.40

3. Active portfolio re-balance

Weekly Investment Outlook : 7-4-2010

Bull is dead in Bond market, but re-born in stock market.

China market is under-performed in the 1Q 2010, and a rebounce

is expected in the 2Q of 2010. CNY is going to appreciate modestly

in the coming months. Stock focus : Airplane stock is set to go (even

30%+ is done in the 1Q).