小结一下，自己也反思一下1，净利增长超稳，五年来CAGR达到40%，比起今年涨70，80%, 明年下降30，50%的公司来说，长远看来要优秀的多，比起同行Noble也要稳定的多，而且产品结构以生活必需品为主，抗跌
2. 营收增长稳定，市场份额增加
3. 毛利润率稳定增加，不是靠薄利多销
4. Operation Profit Margin, Net profit margin稳定增加，公司成本控制很好
5. ROE稳定增加，公司资金运用有效，所以分红少也无所谓
6. 第一且唯一的一个新加坡公司进入全球最佳管理和亚洲最佳管理，09，管理层可靠
7. 09年，新加坡唯一进入福布斯亚洲50最佳（盈利能力和规模），10年也是，同时进入的还有Noble
8. STI成员，MCSI Singapore成员, S&P Agribusiness成员，DAXglobal Agrbusiness成员, 知名度够高，流动性好
9. 淡马锡拥有14％的股权，在新加坡，大家还是给淡马锡面子的
10. 五个部门全面提升，包括销售、利润、利润率，不偏科
11. 公司有20种产品，涉足65个国家，11100个客户，Diversify做得好
12. 管理层有野心，或者说有雄心，上下游扩展，到处并购
13. 前两年的并购效果还没有完全显示出来，业绩增长可期
如果非要找缺点
1. 分红不够慷慨，前面提到，能转化为净利增长，无可厚非
2. 大量借贷，�
Daiwa Tips 6 Asia ex-Japan Outperformers For 2011
Olam is the only SGX-listed Stock
2356 GMT [Dow Jones] Daiwa says "we are putting our necks on the line" by highlighting 6 Asia ex-Japan stocks that the house believes will outperform their peers "materially" in 2011; it adds that the list of top picks doesn't present any obvious theme, aside from the conviction that its analysts have toward each company-specific story. Half of the 6 stocks are HK stocks -- Bank of China (3988.HK), Shanghai Electric (2727.HK) and SHK Properties (0016.HK); all are rated Buy, target prices are HK$6.00, HK$7.00 and HK$153.20 respectively. The other 3 stocks are Hyundai Motor (005380.SE), India's ITC and Olam International (O32.SG). (robert.li@dowjones.com)
2356 GMT [Dow Jones] Daiwa says "we are putting our necks on the line" by highlighting 6 Asia ex-Japan stocks that the house believes will outperform their peers "materially" in 2011; it adds that the list of top picks doesn't present any obvious theme, aside from the conviction that its analysts have toward each company-specific story. Half of the 6 stocks are HK stocks -- Bank of China (3988.HK), Shanghai Electric (2727.HK) and SHK Properties (0016.HK); all are rated Buy, target prices are HK$6.00, HK$7.00 and HK$153.20 respectively. The other 3 stocks are Hyundai Motor (005380.SE), India's ITC and Olam International (O32.SG). (robert.li@dowjones.com)
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