Hi. I don't really subscribe to the "cut loss" school of thought as I try to view my purchases as investments. Assuming you're not looking to average down, due to the prevalent market sentiment and heavy sum you invested, I thought I'd take a quick look at Yingli's values.

PE: 10.7, PB: 1.2, NAV: S$0.365. Assets: RMB2332m. Liabilities: RMB856m.

Aug08- Yingli issued 107m shares to raise funds for developmt of Int'l Financial Centre (IFC). Sep09- Yingli acquired land in prime Yuzhong district for RMB851.6m for developmt of high-end project.OCBC subscribed for its allotment of 20m shares in Yingli. Nov09- Company secured RMB50m from OCBC and RMB450m from Construction bank of China. Raised further S$154m from share private placement at $0.61 each. Jan10- Plans to develop acquired land in Yuzhong district announced. 2 further land acquisitions targetted.

Current revenue growth is driven by existing sales at completed Future Int'l and Sanyawan projects. Results expected to surge on completion of IFC in 1H11.

In uncertain times, I prefer to use PB as a gauge for investment (read Teh Hooi Ling's "Show Me the Money" for elaboration) and comparing Yingli to Yanlord and Capitaland, it's mkt cap is the smallest but its PB ratio is the best of the lot.

Don't read too much into the target prices that analysts come up with, it's an enigma to me how they come up with their valuations sometimes, but it's a good feeling to see share prices climb after a good target price is announced. :)

The company has heavy hitters as shareholders (OCBC etc) and revenue streams for this year (Future Int'l/ Sanyawan), next year (IFC) and the year after (Yuzhong) are more or less settled. In other words, I think it's is a relatively safe S-Chip whose prices are pressed down due to the current Chinese Govt measures to prevent a property bubble, which is good for the company. Nothing could be worse for the company than if a property bubble in China formed and burst.

Of course, all these are subject to the bane of some of the S-Chips that have run into difficulties - dubious accounting practices - and we hope their auditors,Foo Kon Tan Grant Thornton,does a decent job. Either way, examine their upcoming account sheets like a hawk (go to "investopedia" for lessons in how to read balance sheets if you're unsure).

I'd suggest holding the shares for the moment and to me, hitting the 0.60-0.70 range is not a problem for this company, once sentiment turns. Hope I don't sound condescending, just my views. Cheers.

Genting???

i am no si fu...everyone is sifu and tudi here...i suggest no..genting is a annually lossing money counter. Unless they are going further develope like p tekong to another resort, dun bet on it long term. This is a speculating counter.

alot of ten cent counters out there some even half cent or two cent go load up lor dun waste time waiting for mei mei to sell so low to you...u think gals so cheap one meh....gals makes u pay and pay and pay...

ronleech      ( Date: 20-Feb-2010 14:27) Posted: ya lah ya lah...all your counter buy at 10cts.....you are better then kelly leh...she want cheap cheap...you want dirt cheap.... FearValueGreed      ( Date: 20-Feb-2010 13:18) Posted: Buy at 10cents only.