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http://www.businesstimes.com.sg/sub/companies/story/0,4574,421126,00.html?
Published January 11, 2011
S-chips set to shine in 2011: DMG report
By JOYCE HOOI
EVEN as the Year of the Rabbit beckons, it is the dragon that is expected to blaze a trail on the Singapore Exchange, this year.
S-chips - or Chinese companies listed on the Singapore Exchange - are set to bring investors attractive returns in 2011, the latest DMG & Partners Research report on the sector reckons.
'S-chips saw renewed investors' interest that helped the sector outperform the STI by 2 per cent over the past three months,' DMG & Partners Research analysts, Tan Han Meng and Terence Wong, said in their report.
While most of the S-chip counters are in the small- cap league, they form a collective heft to be reckoned with.
At last count, the research house identified more than 150 stocks as S-chips, with a total market capitalisation of $52 billion.
The counters' prospects will be boosted by China's finalising of its 12th five-year plan in March and their dual-listing potential in Hong Kong and Taiwan.
Fuxing China and Leader Environmental are among the firms that the research house believes 'are primed for a dual listing'.
The report noted that share prices 'typically experience good upswings' from the time of the announcement to the eventual listing.
Other S-chips like China Animal Healthcare, China Minzhong, and Yamada Green were given the 'buy' rating in the report for their 'high growth and strong cash generative characteristics'.
According to the report, environmental counters in particular could stand to be the beneficiaries of China's 12th five-year plan.
It pointed out that the environmental protection industry in the mainland grew an average rate of 15 per cent to 17 per cent per annum, during the 11th five-year plan.
'It is estimated that the environmental protection industry will continue its stable growth of 15 per cent per year and will reach 900 billion yuan (S$175 billion) by 2015,' the report said.
To this end, wastewater treatment firms like Sound Global and United Envirotech have been favoured in the report, with a 'buy' rating.
The Chinese economy that drove the performance of the S-chips with a two- digit growth rate in 2010 is expected to hum along this year as well.
'The economy looks set to achieve fairly solid growth in 2010 after expanding 10.6 per cent y-o-y in the first three quarters.
'We expect to see full- year growth coming in at 10.2 per cent with more policy normalisation in coming quarters,' the report said.
'For 2011, we maintain our GDP growth forecast of 9.2 per cent on monetary tightening, lower investment, and slower exports mainly due to base effect, a stronger yuan, and higher production costs.'
I love PRC!
I worship PRC!
PRC women God's gift to men!
http://www.businesstimes.com.sg/sub/companies/story/0,4574,421126,00.html?
Published January 11, 2011
S-chips set to shine in 2011: DMG report
By JOYCE HOOI
EVEN as the Year of the Rabbit beckons, it is the dragon that is expected to blaze a trail on the Singapore Exchange, this year.
S-chips - or Chinese companies listed on the Singapore Exchange - are set to bring investors attractive returns in 2011, the latest DMG & Partners Research report on the sector reckons.
'S-chips saw renewed investors' interest that helped the sector outperform the STI by 2 per cent over the past three months,' DMG & Partners Research analysts, Tan Han Meng and Terence Wong, said in their report.
While most of the S-chip counters are in the small- cap league, they form a collective heft to be reckoned with.
At last count, the research house identified more than 150 stocks as S-chips, with a total market capitalisation of $52 billion.
The counters' prospects will be boosted by China's finalising of its 12th five-year plan in March and their dual-listing potential in Hong Kong and Taiwan.
Fuxing China and Leader Environmental are among the firms that the research house believes 'are primed for a dual listing'.
The report noted that share prices 'typically experience good upswings' from the time of the announcement to the eventual listing.
Other S-chips like China Animal Healthcare, China Minzhong, and Yamada Green were given the 'buy' rating in the report for their 'high growth and strong cash generative characteristics'.
According to the report, environmental counters in particular could stand to be the beneficiaries of China's 12th five-year plan.
It pointed out that the environmental protection industry in the mainland grew an average rate of 15 per cent to 17 per cent per annum, during the 11th five-year plan.
'It is estimated that the environmental protection industry will continue its stable growth of 15 per cent per year and will reach 900 billion yuan (S$175 billion) by 2015,' the report said.
To this end, wastewater treatment firms like Sound Global and United Envirotech have been favoured in the report, with a 'buy' rating.
The Chinese economy that drove the performance of the S-chips with a two- digit growth rate in 2010 is expected to hum along this year as well.
'The economy looks set to achieve fairly solid growth in 2010 after expanding 10.6 per cent y-o-y in the first three quarters.
'We expect to see full- year growth coming in at 10.2 per cent with more policy normalisation in coming quarters,' the report said.
'For 2011, we maintain our GDP growth forecast of 9.2 per cent on monetary tightening, lower investment, and slower exports mainly due to base effect, a stronger yuan, and higher production costs.'
