SBI 2011年小市值股票投资策略研究 strategy 1Q11 Small Cap Charm.pdfVIP

Small-Cap Charm Thesis and Ideas for 1Q 11 2-Feb-11 1 Disclaimer • SBI E2-Capital is a dedicated small/mid cap investment banking/ stockbrokerage house. Find our research on: , , and • SBI E2-Capital stock ratings: • STRONG BUY : absolute upside of 50% over the next three months • BUY : absolute upside of 10% over the next six months • HOLD : absolute return of -10% to +10% over the next six months • SELL : absolute downside of 10% over the next six months • Investors should assume that SBI E2-Capital is seeking or will seek investment banking or other related businesses with the companies in this report. • Analyst certification: The views expressed in this report accurately reflect the analyst’s personal views of the subject securities and that the ana lyst has not received and will not receive direct or indirect compensation in exchange for expressing specific recommendations or views in this report. • Disclaimer: This research report is not an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The sec urities referred to in this report may not be eligible for sale in some jurisdictions. The information contained in this report has been compiled by the Research Department of SBI E2-Capital Securities Limited (‘SBI E2-Capital’) from sources that it believes to be reliable but no representation, warranty or guarantee is made or given by SBI E2-Capital or any other person as to its accuracy or completeness. All opinions and estimates expressed in this report are (unless otherwise indicated) entirely those of SBI E2-Capital as of the date of this report only and are subject to