分析员报告－－教我如何相信谁？年关将近，公司出业绩，分析员出报告，散户忙着读报告.但发现近期分析员报告差异越来越大，让人如坠云雾。例如：昨天下午收到辉立发来，其中有
STARHUB ：
cimb remains OUTPERFORM with target price $3.66
csfb remains UNDERPERFORM with target price $2.92
gs remains a BUY
lehman remaisn OVERWEIGHT with target price $3.80
macquarie remains UNDERPERFORM with target price $2.65
nomura remains STRONG BUY (review)
ubs remains a BUY with target price $3.45 (from $3.15)
bnp remains a BUY with target price $3.45(from $3.34)
daiwa upgraded to OUTPERFORM from Hold with target priec $3.42 (from $3)
jpm remains OVERWEIGHT with target price $4.10 (from $4)
nomura downgraded to BUY from Strong Buy with target price $3.52
ml remains NEUTRAL
ocbc downgraded to HOLD from Buy with target price $3.24
13家分析员给的报告，分歧如此之大,TP 从$2.65到$4.10，涵盖了除“sell"之外的所有评级！
本来，针对公司同一期业绩，分析员报告有出入并不奇怪。但Starhub并非很难分析预测的行业，三分天下占其一，而分�
i do in this way =>
for TA type of report, mostly i delete straight-away, else i will spend a few second in the chart, and do not waste time in reading the words .
for fundamental type, you should understand that every report comes with a reason, perhaps news in management, new business action, or new financial report released..etc
what i look at:
1. what are the news? are they supported by strong and substantial evidences, or just "forcast"? note that do not believe "forcast" too much, coz in bear, forcast will never come true; in bull, no need forcast to rise share price at all...
2. most important infor is the financail data with comparision of previous few years. this is very important to check the company's health condition. (surely, if you wanna do full body check, then go and read they full year report over last 5 years.) also, this is good for seeing the trend of the firm, involving growth rate, leverage..etc
what not to lood at:
at this point, i am still a bit confused, that is why i post a query this morning. i think their target price has no much substantial meaning to the investors, except the intuition of company's future. but this is very subjective, and should not be considered as part of valuation.
pls comment..guys.
thanks
for fundamental type, you should understand that every report comes with a reason, perhaps news in management, new business action, or new financial report released..etc
what i look at:
1. what are the news? are they supported by strong and substantial evidences, or just "forcast"? note that do not believe "forcast" too much, coz in bear, forcast will never come true; in bull, no need forcast to rise share price at all...
2. most important infor is the financail data with comparision of previous few years. this is very important to check the company's health condition. (surely, if you wanna do full body check, then go and read they full year report over last 5 years.) also, this is good for seeing the trend of the firm, involving growth rate, leverage..etc
what not to lood at:
at this point, i am still a bit confused, that is why i post a query this morning. i think their target price has no much substantial meaning to the investors, except the intuition of company's future. but this is very subjective, and should not be considered as part of valuation.
pls comment..guys.
thanks
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