COMMENT
Trying to build a base. Well below its averages. If the whole sector moves, it should do well. You want to see some volume.
SELL
(Market Call Minute.) There is too much uncertainty in the sector.
COMMENT
(Market Call Minute.) This would be what you think the market was going to do. If you own, have a Stop.
COMMENT
(Market Call Minute.) Looks like a lot of the rest of the sector. It's on support and you will have a chance to Sell if you need to. Either a Hold or a Sell.
HOLD
(Market Call Minute.) A lot of things are holding its support.
HOLD
(Market Call Minute.) Good quality and has upside move. Use a stop at about $39.20.
TOP PICK
Largest REIT in Asia by market cap. Assets are shopping malls that are interspersed between transits and housing giving them a captive market. Balance sheet is great with an A credit rating.
TOP PICK
Largest spirits firm globally. Brands include Smirnov, Tanqueray and Crown Royal. They also brew Guinness. Reported solid numbers, but gave guidance a bit below expectations. Spirits are a very resilient business that usually goes up even during recession. 4% yield. Nice defensive consumer stock.
TOP PICK
Good defensive stock. Increased dividends recently and the yield is now 5%. Have a huge CapX plan, which will start winding down in 2011 meaning free cash flow will go up and the dividend will get even juicier.
BUY
Will be here 5 years from now and will have growth. Net cash on the balance sheet works out to be about $5 a share. Pretty close to a floor. Will be one of the prime beneficiaries when confidence comes back into the market. Should be able to grow its top line at a 2.5X multiple.
HOLD
Have medical devices, consumer healthcare and pharmaceuticals. Pharma has had a lot of patent expiries in the last few years but it will start to grow in 2010. Suspects they will increase the dividend in April.