Banking industry: The dark before the dawn .

[david]

The  weak  2Q07 results had been long expected. Going forward, we expect to see  improvement  in  2H07  due  to  i)  better credit demand with improved consumer  confidence,  ii)  better  NIM  on the lag effect of re-pricing of fixed  deposit  cuts  during 1H07, and iii) less provision pressure as most big  banks  are already back to normal levels . Next year should  be  a  great  year for banks, and we expect earnings growth of more than  30%  for  the  sector,SUPER OVERWEIGHT.The sector should b traded with premium 2 SET,the very near future re-rating is expected.I prefer KBANK.
   I also like ,
       1.AEONTS ; the recovering from the bottom of CCI.
       2.SCNYL    ; high CAGR,ROE,but very low P/E.
       3.BSEC,ASP;THE MORE VOLUME TRADE IN THE COMING YEARS.
       4.HMPRO   ; 4.1the recovering from the bottom of CCI,HOME SALES.
                         4.2 the laggard.
       5.STANLY  ; 5.1THE expansion of HONDA car's capacity.
                         5.2 the laggard.
       6.NTV       ; the low P/E hospital stock with an impressive performance.

[david]

7.KTC ; the recovering from the bottom of CCI.
8.DRACO is still my darling.

[david]

9.SC ; P/BV = 0.62,P/E = 7.3,the cheapest stock in the property sector.