Pick of the Week Challenge: week 3 of 2011

Freeme
Renewable
Buy in: $0.25
Target price: $0.28

Reason: Rebound play with good corporate news.

Fx hunter
My pick is Rickmers.

current price : $0.415
target price $0.50

 Reason: strong uptrend and economy picking up indicate strong revenue for the company

Sheng L
Yangzijiang Shipbuilding
currently price at $2.05
TP at $2.10

Reason is YZJ had secured US$415m worth of contracts from Sep 10 to Dec 10, comprising 15 bulk carriers of different sizes rangingfrom 47,500 dwt to 82,500 dwt. These vessels are scheduled for delivery from 2011 to2013.

Alson
SINGTEL

Sell-in price: $3.100
Target price: $3.120 (Buy)

Reason: SingTel’s 32% stake in Bharti Airtel, which has shown significant improvement in a regulatory & competitive environment, accounts for 28% of its price target.  Furthermore, both stocks have also historically shown good correlation as well.

Anya 
Pick - Capitaland
Current price: 3.72
TP: $3.80

Capitaland was trading at a high of $3.86 the previous. The sharp fall last friday was due to the cooling measures implemented by Govt on the property sector.
At a short term view of 5 days, buy in at prevailing price and sell at the high of the rebound.