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Cornelius Chan Blog

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Weekly Bargain Bin Blue Chips Update Q4 Week 12

366 views  2012-12-21 16:21   TagsWeekly 

Blue Chip Stock = minimum market cap 1B + minimum 10/10 continuous years of dividend payment.
Market Price = book value + premium for future growth +/- Mr. Market's sentiment.

After returning from a trip to Asia I am decompressed, back to work and busy in my off-hours researching stocks.  I have reinforced my commitment to DIY investing after a 7 week absence by continuing again this weekly blog of undervalued stocks - a jumping off point for more 10-K and/or 20-F homework.

BTW, my Asian trip consisted of 9 days in China (Shanghai, Suzhou, Wuzhi, Nanjing & Hangzhou), 4 weeks in Singapore and a week each in Malaysia and Indonesia.

Bargain Bin Blue Chips (stocks that priced at or below half of their respective book values)

Company Price/Book Value
Sony Corp 0.47
Societe Generale Group 0.46

Near-bargain-bin Blue Chips
:  Americas
Company Price/Book Value
Partner Re 0.7
Enerplus Corp 0.78
Pengrowth Energy 0.6
Manulife Financial 0.78
Petrobras 0.8

Near-bargain-bin Blue ChipsAsia
Company Price/Book Value
Guanshen Railway 0.65
Swire Pacific 0.7
Mitsubishi Corp 0.7
Mitsuishi UFJ Financial 0.58
Nippon Telephone & Telegraph 0.52
Wacoal Holdings 0.69
Henderson Land 0.7
Singapore Land 0.57
Posco 0.7
SK Telecom 0.11

Near-bargain-bin Blue Chips
Europe
Company Price/Book Value
OMV Aktiengesellschaft 0.8
Etablissements Delhaize 0.58
AXA Group 0.66
BNP Paribas 0.67
Veolia Environnement 0.68
Deutsche Bank 0.56
E.ON 0.79
LUKOIL 0.7
Banco Santander 0.79
Repsol 0.7
Barclays  0.6

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