Being in the market at all times is not the key to profits. Being in the market when there is a clear, unconfused technical signal during a strong market, and the trader's judgment is not swayed by emotion, is a method for trading success. No matter how good the fundamentals and technicals are, stocks will have a high risk of failure during weak markets.
Friday, January 15, 2010
Alam Maritim (5115.KU) at Buy
Hwang-DBS Vickers Research keeps Alam Maritim (5115.KU) at Buy with unchanged MYR2.30 target, pegged to 9.0X CY10F earnings. "Alam's strategy of securing long term contracts has worked well for them, especially in 2009 when oil majors were slow in awarding new contracts," says Hwang; expects more projects for Alam in 2010, such as Petronas's MYR3 billion transportation and installation contract, after a relatively slow 2009. "Alam remains our top pick for the oil and gas sector due to its good earnings delivery track record as well as the stronger EBIT margin of 36% (against peer's average of 19%," says Hwang; adds valuation also undemanding at 7.4X CY10F PE against local peers' average of 9.5X. Stock last down 0.5% at MYR1.90. (ECH)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.