Readers' Top Picks (Part 3)

Dear all, we're open for business.

Share your TOP PICKS - and win cool prizes from Trek 2000!
There's no closing date since there is no real time advantage whether you posted a week ago or next week / month .... but your stock picks will be judged on the closing price on the day of your posting versus the closing price on March 31.

Sino Grandness – I wish I had discovered tis stock earlier and posted it as a stock pick in this competition. The shares started the year at 40.5 cents and last week closed at 57.5 cents for a 42% gain. I missed this hongbao! Sino Grandness’ beverage segment is rocketing while its OEM for canned asparagus, etc is managing 10% + growth annually. Sino Grandness is doing well with its new beverages and fruit juices in this multi-billion dollar beverage market in China. For the 9 months to Sept of 2010, total beverage sales amounted to RMB113.3m, accounting for 26% of Group revenue. I think it’s easy for Sino Grandness shares to appreciate some more and my end-March target is 70 cents, for an upside of 22%.

Closed at 60 cents today. No kidding

Amazing performance - this S-chip has sprinted very fast but will it sustain? Valuation wise, not expensive. Last week my broker said that if you annualise the 3Q earnings you get a PE of 4X, which of course is very cheap still. The calculation is based on stock price of 54 cents i think. Now 60 cents.

UOB Kay Hian today recommended: We revise our target price to S$0.77 as we roll over
our valuation to 2011. This translates to 7.5x 2011F
PE, pegged at a 40% discount to Singapore-listed
peers’ average. Currently, the stock is trading at an
undemanding 7.2x 2010F PE. Maintain BUY.

SGFI had a strong showing today even though the market was weak. Stock closed up 2.5 cents to 51 cents. But still a long way from analyst and yeh's target. Looks like alot of hopeful people will see their price targets getting hazy and far away..... Mine tooo!!!