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Bright World
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klooloola
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31-Jan-2007 15:54
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There is very huge correlation between high dividends that track profit growth and corporate governance. Did BioTreat ever trade at a div yeild of 5% when you bought it? According to share investment BioTreats present div yeild is 2.1%- not enough to give me confidence, it can easily fall more, when you bought it its dividend yeild may have been even less. What i mean is that managent may say anything but dividends paid represent real earnings that cannot be faked, and there is a certain yeild below which the stock will not fall. If the dividend yeild is greater than the maximum interest rate you can get then you have to worry less. Ok, ok I exaggerate, even high dividend companies can have issues, but receiving high dividends gives me feel more confident about the management and I note that the stock will fall less if valuation is cheap anyway. |
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sohguanh
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31-Jan-2007 15:29
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It is wrong to say corporate governance is less of an issue for dividend paying stock. There is no correlation at all. Look at Bio-Treat awhile back. I was burned quite bad. Lucky I only have 1 lot. The stock was good but then later dunno which big shot kena sacked and then counter-sue etc etc drama that the price lao sai and then later climb up to today pricing. I learnt my lesson that sometimes corporate governance can have an effect on the share price of the underlying stock. |
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klooloola
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31-Jan-2007 15:16
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Who knows why the price falls or rises? The day to day price fluctuations is merely temporary supply and demand and has nothing to do with the company or business. Corporate governance is less of an issue for high divdend paying companies like bright world, I really dont care what the accounting says, if the dividend yeild is greater than the bank interest rate and there is no debt , I will buy an hold. |
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sohguanh
Veteran |
30-Jan-2007 16:54
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Anyone into Bright World? Why is the price downtrending? It is making money so far leh. China company so ppl don't trust their corporate governance? |
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singaporegal
Supreme |
01-Jan-2007 20:05
Yells: "Female TA nut" |
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Went downtrend from 22 Nov as expected... Now it may be on a trend reversal upwards. Wait for a couple for days to confirm. |
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lucky168
Veteran |
01-Jan-2007 19:21
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OCBC had called for buy on this b4, but cannot remember the target px. I had taken a look at its chart, & my personal opinion was also that it is on downtrend. Currently trapped between 39.5 ~ 41.5 Even if break 41.5, it faced another heavy resistant at 44c. So to me, the risk/reward ratio is unjustified. Passed. |
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singaporegal
Supreme |
22-Nov-2006 21:58
Yells: "Female TA nut" |
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Cautious.... trend may be reversing southwards gradually. |
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klooloola
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22-Nov-2006 19:07
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According to shares investment no 291 for a price of s$0.37 it has dividend yeild of 5.2% , a p/e of 7.7 a ROE of 43% and I think it has no long term debt. Fundamentally it is a Buy. I bought some recently at 0.43. It is a low risk buy as even if the price falls i can hold until it recovers while earning more than bank interest and if the companies growth plan turns out ok then there is upside. |
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lg1167
Member |
22-Nov-2006 17:26
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I understand the analysts "buy" for this counter, any comments! |
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singaporegal
Supreme |
01-Nov-2006 15:30
Yells: "Female TA nut" |
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Yes, I agree with allantanhc... potential to move north a little. I don't do averaging also. I just follow the trend and buy and sell en-bloc. |
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allantanhc
Veteran |
01-Nov-2006 14:18
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Hi, lowpeckkiyau, I used to do averaging down. After I have learnt more about share trading, I do not do averaging down any more. Since I do not think it is a good idea to do it, I don't think I should suggest to you to do it. At the point when I convinced myself that it was a bad idea to average down, I did have quite a few losing counters which were similar to the situation you are at right now. What did I do? I studied the charts of those counters. Those clearly on downtrend, I closed my eyes and sold. Those that were trending upward, I did a revaluation and brought them down to the market value. After that, if they continue to trend upward, I will hold. If they dropped below my stop loss point, I let go. I do not know whether my experience makes sense to you. As for this stock, looks like there is a good chance that the price may move up further from here. You may want to hold on to it. That's as much as I can advise you here. |
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lowpeckkiyau
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01-Nov-2006 13:50
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Had 8 lots bought @ $0.50..... should I average to recoup my capital..... advice on TA/FA from Masters, Sifus and Veteran. Hope to see the the brightness soon! tks and regards, |
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allantanhc
Veteran |
01-Nov-2006 10:02
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Having hit a low of $0.34, the counter has recovered to where it is today. It is still moving within a downtrend channel. However, at yesterday's closing, it was touching the downtrend resistance line. With this morning's price movement, I see that the downtrend resistance line has been breached. So, it could well be moving upward from here. |
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kennylow
Member |
01-Nov-2006 09:33
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Worth taking a look right now. |
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kennylow
Member |
04-Sep-2006 09:29
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Thanks. However, noted that it's chairman just purchase 2 million shares at 40 cents just a few days ago.. |
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singaporegal
Supreme |
03-Sep-2006 07:55
Yells: "Female TA nut" |
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I see that its on a long downtrend. Its been going down for some time already. Beware of "information" ... the sources could have motives. So you should take it with a pinch of salt. |
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kennylow
Member |
02-Sep-2006 22:47
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Hi all, Any recommendations on this stock? Can somebody advise me on the TA readings. Got some positive information on this stock.. |
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Nostradamus
Supreme |
15-Aug-2006 10:45
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Shares of Bright World sank as much as 8.5% to a three-week low of $0.43 after the firm said second-quarter net profit fell 13.5% to 28.1 m yuan, hit by a sharp jump in tax. Bright World, which makes stamping machines used by car and electronics manufacturers to cut and bend metal, said pre-tax profit fell 0.9%. OCBC Investment Research said it may review its figures, as well as its current "buy" rating and its fair value of $0.60. "We note that 1H06 earnings only came up to 32.6% of our FY06 forecast, while revenue accounted for some 44.4%," OCBC analyst Carey Wong said in a client note. |
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teeth53
Supreme |
21-Jul-2006 18:29
Yells: "don't learn through life, learn to grow with life " |
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Bright world is in deed very bright (on rotional play) +0.03 cents, closed at $0.46 on vol of 17.1 mil, going forward mkt can been seeing some +ve and better day. Given this day uncertainty in this type og mkt, up one day down another day, it have to hit it volume 1st, then ppl will take action, may then hit it px of $0.60 (which is oso a difficult task rite now), so have some profit, take some and leave some for other. |
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Nostradamus
Supreme |
21-Jul-2006 17:00
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Bright World's new plant will double production capacity of its machines in two years. As these machines command better selling price and margins, it is expected to reap positive gains going forward. Bright World makes stamping machines used by car and electronics manufacturers to cut and bend metal. DBSV has a price target of $0.75. |
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