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14-11-2014, 06:40 PM
(This post was last modified: 14-11-2014, 06:40 PM by greengiraffe.)
CMP has yet to reveal its project 2014 and 2014 is fast drawing to an end...
NB: I don not consider the closing of JiuRui as this year's project since it was a 2013 initiative that was re-negotiated on better terms. Kudos for CMP management on JiuRui.
DBS V has a target of S$1.42 while CIMB targets $1.10 both comfortably above current levels. On 7 DPS, projected yield is a rich 7.07% with no financial engineering at any levels.
China's economy continues to boast of very decent 7% and vehicle population should be a higher multiple of GDP. Given the transformation of China economy from an export oriented to a domestic driven one, the rising affluence of Chinese will translate into more road usage.
The big picture is wonderful and with road infrastructure being a strategic national interest of any Nation, CMP being handpick within the CM Huajian group will be well positioned for future growth.
The strong dividends is a strong endorsement of the operational model of CMP - no fly by night S Chip - it is real. Where global investment bankers like Macquarie has failed to establish a foothold in Centrally controlled China, CMP provides investors with an excellent opportunity to invest...
Outstanding in the money CBs are of no concerns... I stand corrected that professional arbitragers are behind the critically needed conversion supplies that long term value investors have been accumulating and seeking. As the next dividends are not due for months, it is unlikely that there will be another constant conversion stream that will satisdy value investors' demand.
As for individual portfolio concentration, it is up to individuals to manage their exposure in accordance to their risks appetite.
Remember, there is nothing wrong to BUY high and sell HIGHER... its easier than the reverse.
Vested
Core
GG
NB: I don not consider the closing of JiuRui as this year's project since it was a 2013 initiative that was re-negotiated on better terms. Kudos for CMP management on JiuRui.
DBS V has a target of S$1.42 while CIMB targets $1.10 both comfortably above current levels. On 7 DPS, projected yield is a rich 7.07% with no financial engineering at any levels.
China's economy continues to boast of very decent 7% and vehicle population should be a higher multiple of GDP. Given the transformation of China economy from an export oriented to a domestic driven one, the rising affluence of Chinese will translate into more road usage.
The big picture is wonderful and with road infrastructure being a strategic national interest of any Nation, CMP being handpick within the CM Huajian group will be well positioned for future growth.
The strong dividends is a strong endorsement of the operational model of CMP - no fly by night S Chip - it is real. Where global investment bankers like Macquarie has failed to establish a foothold in Centrally controlled China, CMP provides investors with an excellent opportunity to invest...
Outstanding in the money CBs are of no concerns... I stand corrected that professional arbitragers are behind the critically needed conversion supplies that long term value investors have been accumulating and seeking. As the next dividends are not due for months, it is unlikely that there will be another constant conversion stream that will satisdy value investors' demand.
As for individual portfolio concentration, it is up to individuals to manage their exposure in accordance to their risks appetite.
Remember, there is nothing wrong to BUY high and sell HIGHER... its easier than the reverse.
Vested
Core
GG