CSE Global

very good support at around 87c level ... a break above 92c should test 97c .. watch out for it ... ...

i extract the following report from CIMB ;

(CSE SP / CSES.SI, OUTPERFORM - Maintained, S$0.88 - Tgt. S$1.37, Oil Equipment and Services)

Maintain Outperform on CSE. 4Q09 net profit of S$11.5m (+44% yoy) was broadly in line with our expectations and consensus. We maintain our EPS forecast for FY10-11 and introduce FY12 numbers. Our target price remains unchanged at S$1.37, still based on 11x CY11 P/E (7-year historical average). CSE is trading at attractive valuations of 8x CY10 P/E and remains our top pick among the second-tier O&M plays. We like CSE for its well-diversified global and industrial business model, which will translate to more sustainable and stable earnings. With a strong order book of S$389m, management guides for an improved performance in FY10. We see stock catalysts from order wins in Europe, Middle East and Australia driving share price higher.

Ying Li

very good support at 41.5c level , i expect the price to hit 51c in the near future ... watch out for it ..

I extract the following statement from KIM ENG ;

Target price: $1.20 (maintained)
Ying Li reported FY09 PATMI of RMB48.4m that was bolstered by fair value gain of RMB113.8m on revaluation of investment properties. Bottomline will be muted until end-2010 when pre-sales begin at the IFC and Da Ping projects. The signing up of tenants at the IFC from Jun-10 and the bidding outcome for Wuyi Road project by 1H10 are key catalysts. At 13.3% net gearing, banks will continue to lend support. Great bargain at steep discount to RNAV of 63%. Maintain Buy.

NOL

NOL could retest 174-179 in the short term again .. watch out for it