Luen Fat Hong Recommendation: Buy Brokerage: China Everbright Securities LUEN Fat Hong International makes PVC sheets, PVC leathers, PVC floor coverings, and polyfoam sheets. The group's interim results for the six months to September 30 last year were very encouraging as net profit rose 86 per cent, and the profit margin rose to 6.55 per cent from 5.58 per cent. Luen Fat Hong has a bright future as PVC resin prices have stabilised and new technology has given 15 per cent savings in raw material costs for PVC floor coverings. The group is also installing two new production lines. Cosco Pacific Recommendation: Buy Brokerage: Standard Chartered SecuritiesCOSCO Pacific is an investment holding company whose subsidiaries lease shipping containers and provide container management services. Cosco should maintain a 58.8 per cent growth in net profit this year. Its core container leasing business will be boosted by the purchase of six new vessels by parent Cosco (Hong Kong). Its parent is also considering putting more port operations into Cosco Pacific, which may compensate for any fall in profit from Hong Kong. Sino Land Recommendation: Sell Brokerage: ING Barings SINO Land is involved in property development and investment, share investment, and hotels and restaurants. The group completed three projects amounting to 439,769 square feet during the six months to December, more than half of which was for the weak industrial and office market. Most of the property development scheduled for completion this year is for the same sector, meaning the group's earnings are set to drop further.