ChinaFish   

China fish

thanks for the info isaac, so this split is good or bad?

 

not vested but quite interested in it.

 

The stock has just split (1 to 2), so you should look for counter CFSS.SG, now at 2.7.

 

anyone knows why this counter was de-listed?

it was a 'flying' fish before being delisted.

What happened?

 

Be cautious with this counter... if you look at the charts, its actually on a downtrend.

 

A fish called Wonder!!!

 

this FISH really make me huat small time lately...hee...wat a FISH !!! :D

 

wah!! this FISH went DEEP diving again siah...hee..wondering is it avoiding being caught(DOWN) or searching for food(UP) ?? hee...

funny counter this one :D

 

What the fish .. .how come tis counter drop so hiong today ? No more fishes in the china sea is it ? =]

 

wow...what the FISH is this counter doing? ppl manipulating har? 3day up 2 day down?? hee...but low vol...gd for punting? hee...

 

Rising ahead of results and because it's the peak season now.

 

Reply in SGX to query on trading activity....

Dear Sirs

QUERY REGARDING TRADING ACTIVITY

We refer to your letter dated 12 February 2007 drawing our attention to a substantial increase in the price of the Company's shares today and our replies are as follows:

Question 1: Are you aware of any information not previously announced concerning the Company, subsidiaries or associated companies of the Company which, if known, might explain the trading?

Answer 1:

The Company is not aware of any information not previously announced concerning the Company or its subsidiaries or associated companies which if known, might explain the trading.

Question 2: Are you aware of any other possible explanation for the trading?

Answer 2:

The Company is not aware of any possible explanation for the trading.

The Company is finalising its results for the full-year ended 31 December 2006 for release to the SGX-ST by this week.

Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?

Answer 3:

The Company confirms compliance with the listing rules and listing rule 703 of the listing manual of the SGX-ST.


Yours faithfully

Yvonne Choo
Company Secretary
 

 

Wow.... large price increases but with low volume!

Speculative play?

 

China Fish surged accompanied by favourable comments from traders noting its lull season is over and the best period was now. Other spivvy talks suggest that it could be 'pushed for funding needs - ie placement'.

 

Hi jimmyonghl,

What TA charts are you look at? From the Acc/Dist and RSI charts for China Fish, it can be seen that the trend is pretty flat. So I'm not surprised that this counter is not moving.

 

Hi.

Based on TA the China fish should be swimming up north and als the expect has advice to buy, but the last 10 days the China Fish are not moving, what is happening now, can anyone advice.

 

DBSV says it has raised its rating with a 12-month target price of $3.53 after the firm said it was proceeding with its acquisition of fishmeal businesses in Peru for US$100m.



"This allows China Fisherys entry into the lucrative fishmeal and oil business, via operating four fishmeal processing plants with a processing capacity of 381 tons per hour together with 13 fishing vessels with total storage capacity of 3,893 cubic meters," DBSV said in a note to clients.



"We expect the acquisition in Peru to increase earnings next year by 5.8%, by assuming our base-case scenario that fishmeal prices stay at US$1,000 per tonne," it said.



The brokerage now expects net profit to grow to US$54m this year to US$82m next year and to US$84.9m in 2008.

 

It was higher after the company announced it was proceeding with the proposed acquisition of fishmeal businesses in Peru for US$100m after completing its due diligence on the Peruvian companies, dealers said.



Cazenove Securities said this is positive for the company as the acquisition, which includes four fishmeal factories and 13 fishing vessels, is earnings accretive for China Fishery.



The Peruvian acquisition is expected to contribute US$18m out of the US$81.80m net profit that Cazenove is forecasting for China Fishery next year. This year, Cazenove expects China Fishery to post net profit of US$49.8m compared with US$30.7m last year.

 

Wilmar is up +ve, testing new high, while Synear ipo is getting hotter.

 

As posted earlier, target exceeded and out now, wait till it drop below my target price on both. Now into bright world - result release on 14 aug, Wilmar and new ipo Synear

 

DBSV has reduced its price target to $3.38. China Fish typically sees 2/3 of its earnings in 1H06 due to higher ASP and margins during the fish roe season, hence it is expected to report 1/3 of its earnings in 2H06.



Cazenove has a price target to $3.80. Hence I see a tug-of-war with the price ranging from $3 to $3.30. Investors may want to take advantage of this.