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China Precision Tech
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Gallen
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21-May-2006 13:39
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just about hit my technical target of 52.5 cents as predicted from breakout of double-bottom formation on the hourly charts, now at short term uptrend line support of 48 to 48.5 cents For FA and TA analysis of SGX stocks, please visit http://kelongstocks.blogspot.com |
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Nostradamus
Supreme |
18-May-2006 19:02
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Up on rumour of a contract win. |
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Gallen
Senior |
18-May-2006 11:21
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current chart (as of 11am) updated at http://kelongstocks.blogspot.com |
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Gallen
Senior |
18-May-2006 05:12
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Extracted from my blog http://kelongstocks.blogspot.com [B]Technical Analysis[/B] On the hourly charts, China Precision Tech closed at the neckline resistance of a double-bottom formation. Technical target from breakout of double bottom formation on high volume is 52.5 to 53.5 cents. As I am writing this, Dow Jones is down 214 points and Nasdaq is down 33 points which may just put a premature end to today's rebound. Resistances: 46 cents, 50 cents, 51 cents Supports: 44 cents, 42.5 cents, 41 cents, 40 cents .........continued at my blog |
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Gallen
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17-May-2006 21:57
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Extracted from my blog http://kelongstocks.blogspot.com Please visit my blog for full writeup [B]Fundamental Analysis[/B] China Precision Tech reported a 73% rise in revenues compared to 1Q FY05 but gross margins were lower due largely to higher cost of materials, in particular, copper. Compared to 4Q FY05, margins were higher due to higher selling prices to offset increased raw materials cost. Company is increasing research and development effort and collaborating with our customers to replace copper in its products with steel. Margins have been reduced in forecast to factor into account potential erosion from higher copper prices. FY05 figures were boosted by subsidy income for certain subsidiaries of the Group which enjoy certain local government subsidies, at discretionary amounts as determined by the local government, as support for their development and expansion. However, these may not be recurring so taking a conservative stance, assume only SGD 0.2m in subsidies for FY06. Previous forecast figures in my IPO writeup appear conservative given strong revenue growth in 1Q FY06 (especially sales to telecommunication, office automation equipment and automotive industries which is a healthy sign as this provides diversification from the cyclical electroncs industry). Revise revenues up by 10%, gross profits by 9% and net profits by 5%. All FY05 figures were computed based on 400m outstanding shares post-IPO. NTA figures for FY05 and 1Q FY06 did not take into account IPO proceeds. ......... conclusion and fair value at my blog |
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