Latest Forum Topics / Synear | Post Reply |
Dare to try it?
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aoeuidht
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06-Mar-2008 13:24
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in short - this stock is currently very ugly @$0.64 YZJ got strong bounce up from lows after selloff - Synear yet to bottom? |
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knightrider
Elite |
06-Mar-2008 09:30
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What?s on the table, by CIMB- Synear Food Holdings (S$0.645) - Near-term pressure Taking into account a 21.8% yoy rise in overall ASPs, Synear?s 4Q07 sales volume actually plunged 16.8% yoy, more than we initially thought. The disappointment could be blamed on a slower-than expected capacity ramp at its new Chengdu plant and soaring inflation in China. We expect raw material prices to stay high in the near term due to damage caused by China?s recent snow storms. Our FY08-10 EPS estimates have been cut by 26.2-31.6% as a result of lower sales and margin assumptions, and higher expenses. Our target price has been lowered to S$0.77 from S$1.14, still based on 12.0x CY09 P/E. Maintain Trading Sell. We believe the risk-reward trade-off would become attractive only at around S$0.58. |
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nickyng
Supreme |
05-Mar-2008 16:09
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wow...surprised that this burger is SHORTED less lower than YangZiJiang siah !! :P same china share diff treatment leh :D |
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aoeuidht
Member |
05-Mar-2008 10:57
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I agree. With current situation - the risk is skewed on the downside. Technically it sits on a strong fibo support - suggesting it should bounce strongly up. However, it did not. - attempts to clear the fibo node resistance confluence @$0.71-0.72 keeps failing @ $0.68. Instead, it is behaving like a dead cat bounce - which when it breaks the next fibo support grouping is first @ $0.60 - then $0.50. Given Shanghai A is also displaying the same trading set with fibo analysis recently- A confident buyer @ these levels of Synear has a strong stomach. Remembering that it IPO @ $0.54 - so not impossible in a bear mkt. On the flipside - a fibonacci projection on the upside if it clears $0.72 will be $0.85. When faced with a fork on the road - take it... I would sell into rallies - Mr Li Wei wants more shares@$0.74. - but then I'm not vested. |
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cyjjerry85
Elite |
05-Mar-2008 09:54
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current situation still not advisable to buy up in any counters in fact...actually alot of ppl might still have their mind set at around $0.50+ because tt was wad some brokerage firm target it to hit | |||||||||||||||||||||||||||||||||
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AnthonyTan
Elite |
05-Mar-2008 09:52
Yells: "patience" |
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Today S.T. reported executive director Mr Li Wei bought 7.36 million shares at 74.3 cents. Now it is about 66 cents. Is it a good price to buy now? Comments most welcome. Thanks |
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aoeuidht
Member |
04-Mar-2008 16:36
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Another theory: Lots of people waiting to square position. i.e. improve their average price. | |||||||||||||||||||||||||||||||||
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aoeuidht
Member |
04-Mar-2008 16:29
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seems to be well on the way to rebuilding a base. Good volumes/money flow- price is stable. finding strong support @ current levels. |
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nickyng
Supreme |
04-Mar-2008 11:20
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wow...barrier of entry for this burger at 66.5cts is 1418lots siah !! my brigade of SHORTISTs are defending that level quite strongly leh....hee.. gd luck !!! :D |
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nickyng
Supreme |
04-Mar-2008 09:46
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wow....who is the GUNGHO..that propel this burger to 67cts ?!?!?!?! hee... lucky din SHORT this...wiser now...hee....KEPCORP and CITYDEV here i come again ! :P |
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nickyng
Supreme |
03-Mar-2008 16:53
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har? is it? SYNEAR looks strong leh...go an interesting theory..in a snow storm situation in CHINA ...wat will be easily available ,cheap and easily cooked? frozen dumplings?? hee... so u thk sales will be gd?!!!??!? hee... anyway hapi SHORTING!! or LONG !! i m outta of this ! hee... got better counter to SHORT ! hee... |
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novena_33
Veteran |
03-Mar-2008 15:59
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the next thing u know they get lower then 5%.... dam...alway do all this type of thing.... | |||||||||||||||||||||||||||||||||
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nickyng
Supreme |
03-Mar-2008 15:48
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work in progress hor....hee.. | |||||||||||||||||||||||||||||||||
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Farmer
Master |
03-Mar-2008 14:37
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Gentlemen, Can help short down Singtel & SPH or not? I want to buy at lower price leh! |
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Arbitrager
Senior |
03-Mar-2008 14:34
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more real unloading coming..
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Arbitrager
Senior |
03-Mar-2008 14:32
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well of cos i m not saying today it will hit 54c.. i am looking at this price based on its PE 12X now.. its definitely not attractive to any long-term investor or fund manager.. if it come down to 54c.. the PE will be ard 7.6X will be more attractive.. and the outlook for the company is not promising as well.. let alone the current global market is gloomy.. yep.. kep corp and citydev have more to come down too.. as well as UOB. another grossly overvalued stock.. waiting to be shot down.. its jus my personal view. do you own research b4 investing.. caveat emptor applies.. |
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nickyng
Supreme |
03-Mar-2008 14:15
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wow...that is a MOUTHFUL from u leh arbitrager....sure or not??? hee... anyway this burger is for fun oni...my real counters are on KEPCORP and CITYDEV...hee |
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Arbitrager
Senior |
03-Mar-2008 14:12
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nickng, no worries.. real selling now over yet.. i am sure this bugger is still on its way down.. ppl still havent wake up from their shock.. i still see that it will go down to 54c. | |||||||||||||||||||||||||||||||||
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zanetti
Member |
03-Mar-2008 14:07
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i woke up late and short this bugger at 6.30. NOW WHAT ? i'm half dead |
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nickyng
Supreme |
03-Mar-2008 13:54
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oh no.....suppose to SHORT and get lower price wan leh..how come this burger going UP ?!?!!?? ohhh noooo......... :(( 66.5cts ?!?!?! :D |
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