Is has been a good bull run for the 1st half of 2010, with most of the stocks continued the uptrend since from the bottom in March 2009 economy crisis. Nevertheless, there was some profit taking happened when the KLCI peaked in May 2010. It was mainly caused by the slowing down of the recovery, as in line with those economist comment it will not be a smooth recovery.
Now, let's look at the 2nd half of 2010. If we observe the current stocks prices in details, we can easily find some of the good fundamental stocks are near the 52-weeks high, while the others have been dropping about 20-30% from the peak in May 2010. From here, once again concludes that "If we wish to make money from the stock market, we have to focus on investing in good organizations"!
Please find below for some of the 2nd half 2010 stocks pick from the research of OSK Investment house:
Table: Stocks pick by RHB research house (Source: China Press)
Besides, there are some 12-months target prices for the stocks pick from RHB Research house:
- Maybank: RM8.96
- CIMB: RM8.12
- TENAGA: RM10.40
- GENTING: RM8.95
- KLK: RM18.25
- FABER: RM3.40
- UNISEM: RM4.06
- TOPGLOVE: RM15.50
- NOTION: RM4.68
- MAXIS: RM6.20
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