SIA Engineering Company is a leading aircraft maintenance, repair and overhaul (MRO) company providing total maintenance solutions to an expanding client base of international airlines.
This counter is one of the those recommended by Phillip Research. It closed at 5.04 today, just shy of the all time high of 5.10 in Jan 2013. This company provides excellent dividend. Last year, it paid out a total of $0.22 per share, and at a price of say $4.00 in 2012, you still get a yield of 5.5% and a very healthy capital appreciation to boot since it is now trading at about $5.00! Phillip Research has a target price of about $6.00, and looking at the price action, it certainly looks achievable in 2013.
Technically, Capitaland is in a good sweet spot to go long, having retraced 61.8% between the peak of $4.03 and $2.40. It has been consolidating in a tight range from mid-march and looks poised to breakout to the upside. My target for capitaland is 4.03 (the previous high), with a stop of around 3.30 (the previous low).
Boustead is another counter recommended by Phillip Research. It has been in a nice uptrend since late 2012, and its rise accelerated once it passed the $1.00 mark. It has retraced close to 61.8% from its previous high of 1.485 and is now trading around 1.38. Support is at 1.36 and my upside target is 1.485. Stop would be at 1.33 (the previous resistance).
SIA Engineering Company is a leading aircraft maintenance, repair and overhaul (MRO) company providing total maintenance solutions to an expanding client base of international airlines.
This counter is one of the those recommended by Phillip Research. It closed at 5.04 today, just shy of the all time high of 5.10 in Jan 2013. This company provides excellent dividend. Last year, it paid out a total of $0.22 per share, and at a price of say $4.00 in 2012, you still get a yield of 5.5% and a very healthy capital appreciation to boot since it is now trading at about $5.00! Phillip Research has a target price of about $6.00, and looking at the price action, it certainly looks achievable in 2013.
Technically, Capitaland is in a good sweet spot to go long, having retraced 61.8% between the peak of $4.03 and $2.40. It has been consolidating in a tight range from mid-march and looks poised to breakout to the upside. My target for capitaland is 4.03 (the previous high), with a stop of around 3.30 (the previous low).
Boustead is another counter recommended by Phillip Research. It has been in a nice uptrend since late 2012, and its rise accelerated once it passed the $1.00 mark. It has retraced close to 61.8% from its previous high of 1.485 and is now trading around 1.38. Support is at 1.36 and my upside target is 1.485. Stop would be at 1.33 (the previous resistance).
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