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SIAS Research Top Pick
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elfinchilde
Elite |
05-Jan-2007 16:39
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if you look at the fine print beneath the analyst's report, they're part of some MAS (or is it SGX) share coverage scheme. they get paid i believe abt 5k per report. as well as a kind of credibility rating. that's on the govt's part. privately, most companies do hire analysts to do their financial reports, esp when linked to audits. If they're very big, they might have internal ppl. you start off with the stock that is most watched; the blue chips. some newbies will have 'initating/initated coverage'. this means the brokerage house believes the stock will be of interest in the market. THe more coverage a stock has, the more 'blue chip' it is, or the more interest it has in market sentiment. |
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sohguanh
Veteran |
05-Jan-2007 16:35
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I am not sure. I thot some are paid by companies to write reports for them? Are those research writers paid a monthly salary to do company write-up? Then they start off with which stock? I believe if a company pay them money they will write for them first? |
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jasjasjas
Member |
05-Jan-2007 16:33
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btw what is the main reason why analysts write reports and publish them for free? gain reputation? influence market? | ||||||||||||||||||||||||||||||||||
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sohguanh
Veteran |
05-Jan-2007 16:14
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I feel not enuff coverage is given to stocks that trade below 10 cents per share. I would like more news on those stocks as I believe some of them are undervalued. A pity those cheap stocks are played heavily by contrarians without taking into consideration the stock fundamentals in their decision :( | ||||||||||||||||||||||||||||||||||
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EastonBay
Master |
05-Jan-2007 16:11
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This is especially true with DBS Vickers report. Almost all their 'Buy' recommendations have already gone up by the time retail investor like me read the report around 10 to 11am on the same day of release. Also, I usually give about 20% discount to their 12mth Target. Having said that, it's useful to me as it covers counters that otherwise I would not even be interested. It gives also summarised P&L and BS which i can assess quickly the financial health of the co. Like others, I read them with a pinch of salt as most of these analysts are buy-side analysts. |
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singaporegal
Supreme |
05-Jan-2007 14:31
Yells: "Female TA nut" |
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Thanks... I'm sure these analysts do their research well. The only thing is that when the report comes out, its old news liao. The big boys would have already made their move. | ||||||||||||||||||||||||||||||||||
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ed88ks
Senior |
05-Jan-2007 13:14
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WELL SAID , singaporegal | ||||||||||||||||||||||||||||||||||
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singaporegal
Supreme |
05-Jan-2007 09:53
Yells: "Female TA nut" |
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I take all analysts reports and recommendations with a pinch of salt. | ||||||||||||||||||||||||||||||||||
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LPlate
Member |
05-Jan-2007 08:52
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* Dividend yield and ROE based on historical data
Commentary on SIAS Research Top Picks Macquarie International Infrastructure Fund Macquarie International Infrastructure Fund (MIIF) provides investors a chance to own infrastructure assets worldwide and to earn a steady stream of returns from these assets. With investments in 7 sectors of the industry spread over 11 countries, MIIF owns and manages over S$1.3b worth of infrastructure assets. We believe that MIIF is geographically well diversified and that infrastructure asset returns inherently have a low correlation with market fluctuations. MIIF has proven this notion by earning good stable returns and issuing these returns as dividends back to its investors. At its current price, MIIF is trading below its book value of S$0.99 and offers an expected dividend yield of over 8.7%. We believe that this counter is undervalued given the features highlighted above and we see profit opportunities in this investment in the long run. Criteria for Top picks Company (Business) Good underlying business model that has good growth and earnings visibility. Favourable macroeconomic outlook. Company (Financials) Acceptable level of financials - good balance sheet, cashflows and profitability. Stock (Valuations) Reasonable valuations that is capable of a decent upside to the stock. |
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