准备起飞？
各位同学有什么看法？

0。87时候放弃了 =<

大家都不稀看的，哈？

Jaya Holdings
BUY S$1.63 FSSTI : 3,153.94
Price Target : 12-month S$ 2.07 (Prev S$ 2.15)


Benefiting from the offshore boom
Story: The outlook for Jaya is strong and its unique
business model, where it is both a shipbuilder and a fleet
owner, will enable it to maximize opportunities where
demand for offshore support vessels is strong.

Point: Jaya has a newbuild program consisting of 65
vessels in various stages of completion till FY2010.
Currently, majority of the smaller sized vessels are
outsourced to the Chinese yards with the larger and
higher value added vessels built at its Singapore and
Batam yards. Jaya's yard in China is being progressively
upgraded and will eventually take on more newbuild
projects, thus reducing its reliance on third party yards.
Good visibility to earnings for at least the next three
years. Out of 21 vessels to be completed in FY09, four
have been committed for sale and another four for
charter. The number of vessels committed - either for
sale or charter - will rise as the completion date nears.
Both newbuild and charter rates are rising and this will
bode well for Jaya.

Relevance: Valuations are undemanding, with Jaya
trading at a discount to peers. In addition, Jaya offers an
attractive yield of 7-8%. 1H08 dividend was 5.5Scts and
we are expecting Jaya to pay out at least another 6Scts
in 2H08. Maintain Buy, with our target price slightly
lowered to S$2.07 (from S$2.15), pegged at 12x PE for
shipbuilding and 15x PE for chartering.

Tat Hong Holding

(See attached file: corp action-04-jun08.doc)

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Investment Service Centre
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当然也许是我考虑过多了。
我总是隐约觉得：
这个股票不是一个冲过前高点，然后迎接再前一更高点压力的情况。
这个股票其实我跟踪了一小阵子

起因是4月底5月初某一期的The Edge上很多地方都提到了"假牙猴腚"，但是都不是正面介绍，而且正面介绍很多其它股票然后其中提到JayaHolding有参与股份。

然后过去的2-3个礼拜内，其实JayaHolding的阳多阴少，是一个非常低调的建仓过程。当时觉得这个股票能量很足，因此也上来推荐了。

但是今天突然上11点，下午1点多收到DBS Clarity给散户mail list里面的信，着重推荐这个股票。因为他们是Clarity不是Charity,所以我很快对这个股票未来的走势提出了质疑？

一个正常的烘托过程应该是，秘密建仓，开始走高，确保庄家成本和适当的盈利，然后再开始通过媒体的哄抬，未来继续走高然后慢慢散货。

以曹操多疑，我觉得DBS这次2封一模一样的向散户推荐信来得过早了，那么有可能是这个jaya背后的人不想继续下去要把他计划半路夭折，让自己全身而退。

今天上涨一点是必然的，因为消息放出来了。
之前Singtel,CapitaMall等等一些股票都用类似的手段炒作，但是他们炒作的时间是正常的，Jaya有点来得太早了。