stocks that might benefit from Opening of IR

[Dennis Ng]

the government has already announced that they expect year 2010 to be a better year for Singapore economy than year 2009. What stocks will benefit from economic recovery? One of them is Retail.

Year 2010 will also see the opening of 2 IRs, instead of buying Genting Singapore (obvious choice and Hot Stock, means the price is NOT low and difficult for you to make money), you might want to consider some "laggard stocks" (price has not gone up as much.

One stock that comes to my mind is FJ Benjamin, now about 32 cents. Last year the company did badly and made losses.

However, with economy improving in year 2010, the company is expected to do better. Historical high of this stock was 80 cents back in year 2008 before the stock market crash.

There is some sell down in the stocks in the last month, not sure of the reason though.

There are some stock broking firms issuing Buy call on this stock though. One of them is below:

DMG upgrades FJ Benjamin (F10.SG) to Buy from Neutral on view high-end fashion retailer will benefit from improving economy, more stable job conditions, expected influx of well-heeled visitors to Singapore as two mega casino-resorts open next year. Expects company's Raoul label to continue driving growth as retailer sets up showroom in New York to sell Raoul apparel, accessories. Notes management has plans to roll out Raoul brand to new markets like Philippines, India, Middle East. Sets target price at S$0.46.