A great company, one of the blue chip companies in China. Consumption in China will pick up and this company is well positioned for it. Almost a monopoly. Worried that competition may catch up. Very good 3-year view.

Banks are very out of favour right now. Very exposed to infrastructure. Infrastructure is growing and a really liked asset class. If you can get over the aggressiveness of this bank then it’s a buy.

A high quality European company. Their issue right now is the very strong Euro, it’s a problem. They have decent margins, they are a strong company, they are cutting costs. It’s fairly valued right now, not a sell. Wouldn’t buy.

(Top pick, February 28, 2007. Down 46%) The margins disappointed. The competition from China became much fiercer. Has become a value stock instead of a growth stock. The price of this stock is reflecting its environment. A buy for a 3-year view.

(Top pick, February 28, 2007. Down 48%) Made an acquisition they didn’t need to which stretched the balance sheet.

(Top pick, February 28, 2007. Down 35%) The growth in their market was slower than hoped. Their product (diesel filters) will be required in Europe in the next while. This is a good company. Will do well in the next 3 years.

Good company. Favourite in the sector.