ahoj - Should you rely on Investec's evaluation of stocks? No. And you shouldn't rely on anyone else's either. In the end, analysts at brokers put out notes - and they can vary from single-page speculation to well thought through documents with dozens of carefully calculated valuation ratios and future scenarios. But they are opinions, and there's often a diverse range of opinion because normally nobody can really agree on exactly how a company should be precisely valued given its circumstances.

I'm not sure I'd regard many broker notes as 'junk', but one must be careful of house brokers or brokers with agendas. In the smaller end of the market, one should be particularly wary of paid-for research - i.e. 'research' funded by the company themselves via a third-party broker. This usually produces the recommendation the company would like to see.

Thaks Kyoto.
I love the news below. China is selling more cars than any other country in the world and it is growing fast. House prices are rising too.

http://finance.yahoo.com/news/China-October-auto-sales-up-apf-514815824.html?x=0&sec=topStories&pos=9&asset=&ccode=

I baught an iMac last week. They have to deliver it from China!
Good new for Apple, IMO

End-of-day Market Overview