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ok. Thanks Mathew8
ten4one - The 'font' of you postings seem to be very small. May be you want to try this. In Internet Explorer, click 'view', text size, medium. I believe your text size at the moment is 'large'.
Try it and see.
Let's look it this way ....Analysts are also human beings and like all human beings they do make mistakes as to err is only human.
Analysts are also salaried men and women, like it or not they've to produce reports to cover the sectors they're asigned to. Some really worked hard to churn out a good report; while others (the bo-chap type) will simply copied whatevers were available in the Markets and came up with a 'rojak' report. Therefore, for layman like you & me, we've to differentiate the good from the bad 'guys'! Of course, nothing could be better than your own home-works! Cheers!
Livermore,
As in most journalistic works here, sometimes the anaylsts cannot express their opinions too frankly due to the parentage of the company.....
Let's look at last 5 years....
All these so called analysts who recommeneded a buy on Chartered now recommend a hold. It seems very unlikley Charterd can overturn its loss if $1 billion not even in the next 5 years. Since Chartered shares have no value, the target price should be 1c
Just remember Analysts is not collecting their $$$ from U or me, so their report is alway day, week or even mth old B4 u it reach ur ear, by then they would have make ton of $$$ liao and by then when people bot they sell, so oni a hand full make ton of $$$.
Haha... interesting isn't it.
Many people actually rely on Analyst reports for trading. Another fact - 90% of people who trade lose money.
Put 2 and 2 together and what do you have?
Many people actually rely on Analyst reports for trading. Another fact - 90% of people who trade lose money.
Put 2 and 2 together and what do you have?
Now that the actual CSM result is out. Now compared with what analyst predicted. Extract fm today's Biz Times:
[Based on the median estimate of six analysts surveyed by Bloomberg, Chartered is expected to report net income of US$17.4 million [Actual: 9.97m] for the quarter ended June 30, compared with a net loss of US$67.1 million a year earlier. The company is expected to release its Q2 results today. UOB Kay Hian carries a 'buy' for Chartered [as at 9+, is is minus 9 cts], Global Testing and Utac with price targets of $1.98, $0.44 and $1.20 respectively. Global Testing closed at 25.5 cents yesterday.
Yesterday, OCBC Investment Research also issued a 'buy' on Utac with a target price of 72.5 cents. [minus 2 cts now] Its analyst Ritesh Menon said that Utac has neared the end of an 'impulsive down wave' and 'it may be an opportune time to bargain hunt as price indicators have slipped into oversold regions, while the upward tilt on the indicators also indicate a rising confidence in Utac'. 'We recommend a 'buy' on Utac with an entry below $0.675. Target price set at $0.725 and cut loss set below $0.64.
This reinforces not to believe the analysts who are supposed to be exprerts ..............