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    • « The Great Selldown? | Home | Penny stocks. Do money really grow on trees? »

    STI opens higher, indicating possible recovery

    By Pehon | July 19, 2007

    The STI is up 12 points on opening, indicating a possible market recovery today, after a horrible 1.8% sell off yesterday.

    Several stocks that have been recommended on Worldbestportfolio.com has fallen to relatively low levels. So if you’re in the mood for bargain hunting, its probably a good time to buy the following stocks.

    1. China Hong Xing - Several companies raised their targets for CHX to $1.80. And just yesterday morning, CHX was indicating a technically strong chart, breaking out of the $1.06 level, having an intra day high of $1.08, with high volume in the morning. If it wasn’t for the sell off, China Hong Xing would probably have broken out of its current base. But we have seen what China Hong Xing is capable of, and with the new target price, accumulating in China Hong Xing at current “cheap” levels, would prove to be a sound move.

    2. Aztech - Aztech had risen to its historical high of $0.68 just prior to the sell-off. At current levels of $0.64, its a good idea to invest in this fundamentally sound company, with several analyst backing this company since a year ago.

    3. Breadtalk - Just like Aztech, Breadtalk has fallen from its high of $0.63 to current levels of $0.54. At current levels, its in my opinion that its a strong buy. Its businesses local and overseas are experiencing strong consumer support and anchoring the company for strong growth in the coming years.

    Those 3 stocks are simply my highly recommended stocks that I’ve had coverage of over the last few months. Its in my opinion that the above stocks are oversold, and should rebound together with a rebound in the STI.

    Topics: Aztech, Breadtalk, Indexes&Economy, ChinaHongXing |

    3 Responses to “STI opens higher, indicating possible recovery”

    1. orangeroad Says:
      July 19th, 2007 at 10:08 pm

      Hiap Seng just won a new contract of 16 million +++ cheers..

    2. Pehon Says:
      July 19th, 2007 at 11:17 pm

      Sorry, may i know where did u get that? i can’t find that announcement.

    3. orangeroad Says:
      July 20th, 2007 at 3:24 am

      Hiap Seng Engineering Ltd awarded a S$19.2 million contract for GSK’s
      Singapore Bulk Vaccine Facility:
      http://info.sgx.com/

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