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Thursday, November 24, 2011

Kim Eng Recovery Portfolio 2012

Refer to Kim Eng Research "Power Bites" today's report, I want to keep a copy here for reference, among the nine blue chips it recommended, I'm particularly interested in Capitaland, which shows its latest book value is 3.29, where it's current price is 2.51(4.05pm), this morning it traded to as low of 2.43. recent low is at 2.28 on Oct 4, the lowest price since 2008 Financial Crisis is 1.7 on Mar 3, 2009.

Technically, Capitaland is in a nice downtrend channel, I will consider a bottom fishing only when it touched the bottom line of its channel, or breakout above its upper line, which has yet happened now.

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