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Ok sold my Kunda at 0.30 for intraday profits is great. see time stamp record..
[b]DJ MARKET TALK: Westcomb Starts China Kunda Technology At Buy [color=red]Vested at 0.275 at Market open. aiming for breakout at 0.285 and target 30 cents. SL at 0.27. : [/color]
STOCK CALL: Westcomb starts China Kunda Technology (GU5.SG) [color=red]at Buy with S$0.36 target price[/color], implying 12X forward P/E. Says auto parts supplier in sweet spot to reap benefits of China's fast-growing auto sector, which sold about 10.9 million vehicles in domestic market in first 10 months of 2009; "if this level of growth is sustained, China will overtake the U.S. to become the largest auto market in the world." Notes some of company's components used by leading global names like Mercedes, BMW, Volkswagen, Audi. Says Kunda's existing mould business remains highly profitable with gross margins close to 40%. Expects company to drive growth via acquisitions. Kunda in November acquired SXD, which supplies metal parts used for cars. Stock closed +1.9% at S$0.265 yesterday.[/b]
Sorry the previous post forgot the title
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