Want Want 151.HK update 20 May 2008

Since my last update about a month ago Want Want is rising steadly. The prime factor for the rise is price depressed during IPO by bad market sentiment. I will write an article on the fair value based on Discount Cash Flow analysis. Another article to look at its value using method described in Benjamin Graham’s book ‘Intelligent Investor’.

One can argue that the rise is due to the general market rise and the Taiwan effect since Ma got elected. Want Want would not rise if the market was very bad. During the past one month, Want Want did not follow the market correction. Today Ma is swear to become the president and Taiwan related stock e.g. Uni-President begins to sell off but not Want Want.