This is a list of stocks I have narrowed down:
Stock
|
Price(HK$)
|
P/E
|
P/B
|
Technicals
|
Uptrend?
|
China Citic Bank
|
4.57
|
5.22
|
1
|
50% retracement
|
Yes
|
China Construction Bank
|
5.96
|
7.2
|
1.5
|
50% retracement
|
Yes
|
CNOOC
|
15.60
|
8
|
2.15
|
50% retracement
|
Yes
|
China Overseas Land
|
15.90
|
8.6
|
1.85
|
Little retracement
|
Yes
|
Dongfeng Motors
|
13.90
|
9.2
|
2.1
|
50% retracement
|
Yes
|
Guangzhou R & F
|
10.10
|
5.5
|
1.17
|
Little retracement
|
Yes
|
Industrial & Commercial Bank
|
5.01
|
6.9
|
1.5
|
50% retracement
|
Yes
|
Yanlord
|
S$1.24
|
8.15
|
0.82
|
50% retracement
|
Yes
|
All are on newly established uptrends since January, and most are sitting nicely on 50% support
(the golden number). In addition, all have attractive PE ratio of below 10 and one (Yanlord) even below its book value. So, what am I waiting for?
My choice candidate: Yanlord (it has the bonus appeal of having Peter Lim on board).
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