Ok, some readers asked me how high Fraser Centrepoint
can go? Frankly, when the stock was at the 1.5x region,
I call for a buy recommendation and I expect the stock
to be trading at the $1.80-2 area. Within weeks, it had
added more than 30cts and recorded another "historical"
high of 1.88 last Friday. This is a stock that I believe still
have upside potential as I did not see any significant or
obvious serious selling in this stock. You can say that
it had outperformed the mass market. Indeed, the stocks
that I recommended will better the general market from
what I can recalled. But if you going to enter Fraser
right now, then I will sound the alert as you must be
prepared to enter with the fact that you are getting the
stock at a higher price. I am prepared to hold the stock
as I believe in its mid-long term prospects.
I am seeing encouraging trading volume and activities
in our local market and it seems that May is not really
a month to go away. This was also the view that I shared
in the blog at the beginning of the month and indeed it
did materialise. One should continue to be in the market
and enjoy the sunny day as you can, as I believe eventually
we will see some heavy rainy days which is good to take
a break, and welcome the sunny day next.
Ok, I am left with about 10 tickets to the Consumer Empowerment
Seminar as some readers can't make it on the day.
If you are still interested in knowing the property market
in 2014 and beyond, then you really need to come to the
Consumer Empowerment Seminar.
You can whatsapp me at 97509878 or skype me if you
are in my skype list to get the FOC tickets.
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