Stock Screen Analysis

I will be analysing stocks from my previously posted screens here.

Incidentally I also I increased my ownership of Soundwill holdings and added China Print Power to my personal portfolio. I also recommended TCS (No ADR) and Wipro (WIT ) on the Indian Stock exchanges to my friends and family. I do not like the WIT ADR because it trades at a premium to the Wipro stock on the Indian NSE.

• Chinese Estates Holdings Ltd 0127.HK (Hong Kong), price 12 HK$, p/Tangible book 0.72. Latest results say NAV is 16.74 HK$. In June the company said that it MAY be considering takeover offers. That explains the recent price surge, a takeover would be expected to be atleast at NAV. Has recently fallen since peak of 16HK$. Company has paid dividends consistently for 5 years, Has been buying back stock. Did make losses and not pay dividends like other real estate stocks in 2002 , If market values of properties fall, the company must reflect this as a loss, that is the biggest risk. Financial summary. NAV has grown consistently. I like their website, unlike some HK companies the site was easy to navigate and has a lot of information. See review of HK property maket. At 4.7% yields office property is not in a bubble. Worth a closer look.
• Melco International Development Ltd 0200.HK (Hong Kong) .HK$12.3, P/Tangible Book 2.0. High growth possible on huge investments in Macau. See announcements . Gambling and Macau! . Joint venture with PBL Melco PBL has ADR.Caps profile for ADR. ADR . Usual search at webb-site.com, turns up nothing interesting. Get your daily Macau news fix here . Article on the Ho family , recent problems.Tough call.
• Ellipsiz Ltd ELPZ.SI (Singapore). S$0.57, PE 4.5, yeild 2.5, p/sales 0.7, ROE 30, p/b 1.2, low debt. Semiconductor related business. See messageboard. Fall in prices due to failure of possible takeover. SGX announcements. Report. Slowdown in business expected. Cyclical business, made losses in 2003 but has tripled book value since then. Not cheap enough, prefer growing companies with higher yield or lower p/book. May buy if price falls below book.
  
• Yaan Security Technology Ltd YAAN.SI (Singapore), S$0.22, pe 5, p/s 0.7, ROE 29, Yield 2.8,no debt. Messageboard. SGX announcements .Report. Report. Very competitive business making video security monitoring systems. Sector expected to grow. Like low price. May buy if price falls more.