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DA Article Expo Module
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| KEVIN SCULLY: 'Am adding Hisaka Holdings to my Stock Picks today.....' |
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Written by Kevin SCully (NRA Capital)
Thursday, 15 April 2010 18:18
This posting was made yesterday by Kevin Scully, executive chairman, NRA Capital, at his blog, and is reproduced here with permission... On the confirmation of the better economic numbers for Singapore yesterday, especially the strong electronic manufacturing numbers (see my Blog), I discussed with our analysts which stocks would benefit from the strong demand for electronics and also be benefitting from the component shortage. One stock that came to mind was Hisaka Holdings (a company in our corporated initiated research scheme). Our analyst told me that his numbers for 2010 were probably too conservative and that the company was likely to report better earnings that what he had forecasted in his report of December 2, 2009. In that report, he had a price target of S$0.31......he will be releasing an updated report today which raises his price target by 15-20% - look out for it.
Hisaka was recently in the news as one of the members of a First Government consortium to tap the Biomedical sector (another strong growth area). The potential overhang from Concord Capital (a 10% shareholder) was also removed when that party ceased to be a substantial shareholder on 29 March 2010. I also noticed the strong volume in the stock yesterday which was probably prompted by the better than expected GDP and manufacturing data and hence decided to put the stock into My Stock Picks today. Please check my Stock Picks section on the reasons for its inclusion and my price target. Recent story: KEVIN'S TAKE on ... SINOMEM TECHNOLOGY
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