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Oversold Stock List - 30 March 2006

thanks pikachu.. we really appreciate your postings!

 

Haha.. hi singaporegal and hchuan, sorry guys. i'm currently overseas and i don't have my program with me. will post the lists when i return to singapore tommorow night ok? :)

 

yeah... Pikachu... many people waiting for your lists... where are you? :)

 

any latest oversold or overbought updates? ^_^

 

Yes, Jurong Tech deeply oversold. Extracted from my blog [URL=http://kelongstocks.blogspot.com]http://kelongstocks.blogspot.com[/URL] Please remember to support my blog :) [B]Fundamental Anaylsis[/B] Share price has been tumbling in the wake of numerous analysts trimming earnings estimates for 2006 on worries over JurTech's hard disk business. Kim Eng for example forecasted earnings to come in at $73.1m compared to $66.5m in 2005, cutting recommendation to Hold and slashed target to $1.79. JP Morgan maintains outperform recommendation, Morgan Stanley maintains outperform too but cuts earnings estimations by $3m. DBS also maintains outperform recommendation and cuts earnings estimates to $79.2m. For me, I have used $78m in net profits for 2006 forecast, not going to change this unless there is new guidance from management or 1Q FY06 results disappoint. Management's outlook in its press release after FY05 results was: "Expect volume growth in wireless product to continue to outpace that of HDD and PC Peripherals. Expect to penetrate new product segments. In view of the favourable outlook, we expect our performance in FY06 to be better than that of FY05." New plants in Brazil and Suzhou, China are expected to boost revenues. Hard Disk business made up 16.5% of revenues for 4Q FY05. There are also fears of customer concentration (Motorola) which is understandable, however, Jurong Tech has stated that it is securing new customers for FY06. I cannot comprehend why there are so much worries about hard disk business for Jurong Technologies, in fact, I think if Jurong Tech can eliminate its hard disk business and use the capacity for wireless communication products, it would be a better deal since the hard disk is facing increasing competition from Nand flash memory (which are registering very steep price declines). I just feel that this is an excuse to push down prices so that the smart money can accumulate at low valuations. In fact, you might probably see upgrades to recommendations after they have finished their accumulation. .............continued at my blog

 

Thanks Pikachu! I like your lists!

 

-- FILTERS APPLIED-- RSI < 30.0 (Oversold) Price < $20 Price > $0 Volume > 500,000 --- RESULTS --- Total Stocks Found = 7 (1) HSI15200SGAePW060126 (2) JurTech (3) JurTechMBL eCW060705 (4) SembMar BNPeCW060216 (5) SP AusNet (6) SPH DB eCW060206 (7) STX PO