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2009-2-11 09:15:00 a.m. HKT, XFNA
DJ MARKET TALK: HK Small Caps' Outperformance Will Continue -CIMB
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| 0857 [Dow Jones] CIMB continues to advise buying HK small caps as believes outperformance will continue; notes small cap stocks oversold in 4Q08 due to forced-selling, redemption, fear; valuations now very attractive with many of them trading at dividend yields of more than 10% or P/B of below 0.5X. Adds, due to lack of clear direction for broader market, investors likely turn to stock-specific ideas for outperformance. Top picks: Techtronic (0669.HK), Comba Telecom (2342.HK), Lee & Man Paper (2314.HK); also likes Sa Sa (0178.HK), VTech (0303.HK), Yip's Chemical (0408.HK), which solid companies with seasoned management, should offer strong upside for patient investors.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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