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Penny stocks will outperform STI in 2010
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Too cheap might have hidden germ....
I strongly believe penny stocks will outperform STI in 2010. Here is my watchlist (prices in brackets = Thurs 24/12 closing ). If u don't mind sharing with everyone, please post your list here (below 70c penny stocks).
China Flex Packaging (19.5c) - NAV 67c, PE 5x, Zero gearing.
Hong Fok (66.5c) - NAV $1.28
AEI (12.5c) - NAV 21.6c
Bright World (16.5c) - NAV 37.6c, PE 2.4x
San Teh (31c) - NAV 82c, PE 14.1x
Nippecraft (6c) - NAV 18c, PE 7.9x, Zero gearing
Rickmers (35c) - NAV $1.22, PE 3.1x
Samudera (20c) - NAV 57.5c, PE 2.8x
Mercator (29c) - NAV 40c, PE 3.6x