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
Unisem (5005.KU) to Outperform from Trading Buy
CIMB Research upgrades Unisem (5005.KU) to Outperform from Trading Buy, after increasing sector's rating on recovering economy, improving fundamentals; keeps earnings forecast for Unisem unchanged, but raises target price to MYR2.70 from MYR2.29 after updating house 5-year historical average price-to-book to 1.0X, valuing stock at 30% premium vs 10% discount earlier in light of positive outlook for industry, also firm's strong growth potential. "Unisem remains the top pick in the sector," says CIMB; adds potential share price triggers include quarterly improvement in earnings, more sustained pace of economic recovery, a revival of consumer spending. Stock last +4.8% at MYR2.20. KLCI down 0.4%. (ECH
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