Sunmart
Sunmart dual listing in Korea
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It intends to submit a fresh listing application to the KRX in April 2011. Can forget about this counter first.
POSTPONEMENT OF PROPOSED DUAL LISTING ON THE KOSDAQ MARKET OF THE
KOREA EXCHANGE
Guys, the listing is off for the time being...
Caution advised.
Cheers.
From SGX - Reason given is pending the release of substantive announcement(s) relating to the Company's dual listing on the KOSDAQ Market of the Korea Exchange.
Halted!!
Really close at 25.5..............tomorrow just need to break 26 for further upside........
What a roller coaster ride today , but survive... ....phew !!!
Something brewing..............pending Korea IPO announcement today...
Close at 25.5 or 26 to match the IPO pricing? Possible ?
Limited downside, lots of rooms to catch up with ChinaGaoxian and CombineWill.
Enjoy the ride up.............cheong arh !!
Loaded another 60 lots at 0.25. Waiting for the movement.
Sunmart has turned bullish again . Ready to cheong up from tomorrrow onwards..........woohoo.....
I have started accumulating 0.25 now.
See if it take down recent high 0.27 this week.
There is some form of TP by mkt maker for this under taking to write this dual listing, trying to hit at
0.28c to
0.35c (d px higher the better so as to target
0.40c, with a very optimistic view even hitting a dollar eventually after listing in Korea), where else last few previous session, trading on heavy volume between
0.26c to 0.245c indicated others wise.
Isit another chinagaoxian in making?, search me. I got a blank mind. This day abit hot or abit crazy on dual listing
For more info on Chinagaoxian....
http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=7340&msgbdName=ChinaGaoxian &topicTitle=ChinaGaoxian
teeth53 thot - Just for sharing my opinion (Pls do your own analysis)
TP is set by them 0.40 (Road show - mean for book building). Read from forum some selling 0.25c (taking profit)
A more short/immediate term bet for punting is on China Gaoxian. quite safe at less then 0.50c (just my thot)
Short term betting. I won't bet on it, just my own opinion (Pending your risk appettie, managing risk & an understanding the value of investing).
Hope it help u make better decision. For long haul. I recommend STXOSV, New TP is set at $1.54c
thk Qs...Ya. Zhixuen
zhixuen ( Date: 02-Jan-2011 00:11) Posted:
Sorry just my 2 cents. I read from the announcement from Sunmart recently. It is going to issue 20000000 KDR. If the numbers of ordinary share ratio is same as Gaoxian 1:20 then 400 million new shares will be issued. after adding up 400 million new shares Sunmart PE already 14.5. If it will list at 0.40 that's mean the PE is 25.4 that's too high. The investors at Korea will purchase on IPO with such the high PE? Then very hard to attract the investors interest. I don't know the exactly price for Sunmart but we can see the road show of IPO launching on next month 07 January. If the share price move stagnant then I believe the new IPO price will around this. Let see how far Sunmart will move. Huat ar~~
teeth53 ( Date: 31-Dec-2010 22:17) Posted:
Another counter going Korea way...expecting a listing at 0.40c (read from somewhere) Wishes all Sunmarterian supporters. A happy new year 2011
Will it be another China Gaoxian ??...Sunmart Last:0.25 Vol:4438k  -0.0050 |
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Any idea whether buying has started for this counter just like China Gaoxian?
Any good advice on the charting for this counter?
zhixuen ( Date: 02-Jan-2011 00:11) Posted:
Sorry just my 2 cents. I read from the announcement from Sunmart recently. It is going to issue 20000000 KDR. If the numbers of ordinary share ratio is same as Gaoxian 1:20 then 400 million new shares will be issued. after adding up 400 million new shares Sunmart PE already 14.5. If it will list at 0.40 that's mean the PE is 25.4 that's too high. The investors at Korea will purchase on IPO with such the high PE? Then very hard to attract the investors interest. I don't know the exactly price for Sunmart but we can see the road show of IPO launching on next month 07 January. If the share price move stagnant then I believe the new IPO price will around this. Let see how far Sunmart will move. Huat ar~~
teeth53 ( Date: 31-Dec-2010 22:17) Posted:
Another counter going Korea way...expecting a listing at 0.40c (read from somewhere) Wishes all Sunmarterian supporters. A happy new year 2011
Will it be another China Gaoxian ??...Sunmart Last:0.25 Vol:4438k -0.0050 |
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Sorry just my 2 cents.
I read from the announcement from Sunmart recently. It is going to issue 20000000 KDR.
If the numbers of ordinary share ratio is same as Gaoxian 1:20 then 400 million new shares will be issued.
after adding up 400 million new shares Sunmart PE already 14.5. If it will list at 0.40 that's mean the PE is 25.4 that's too high.
The investors at Korea will purchase on IPO with such the high PE? Then very hard to attract the investors interest.
I don't know the exactly price for Sunmart but we can see the road show of IPO launching on next month 07 January. If the share price move stagnant then I believe the new IPO price will around this. Let see how far Sunmart will move.
Huat ar~~
teeth53 ( Date: 31-Dec-2010 22:17) Posted:
Another counter going Korea way...expecting a listing at 0.40c (read from somewhere) Wishes all Sunmarterian supporters. A happy new year 2011
Will it be another China Gaoxian ??...Sunmart Last:0.25 Vol:4438k -0.0050 |
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If the target price is $0.40, it will sound too good to miss. Then Sunmart should have more upside to go.
May grab a few lots on Mon if 0.25 is still available in the market.
teeth53 ( Date: 01-Jan-2011 23:12) Posted:
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Target is set by them at 0.40c. Read from forum some is seling at current px o.25c (taking profit)
A more short/immediate term bet for punting is on China Gaoxian. quite safe at less then 0.50c (just my thot)
http://sg.finance.yahoo.com/echarts?s=C2J.SI#symbol=c2j.si;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;
Pending your risk appettie, managing risk & an understanding the value of investing, hope above graph chart help.
Dual listing is the lastest crazy making money machine mend for punters to grace their turf. Target price for listing is always set by the owner and their BBs kakis,.
Hope it help u make better decision. For long haul. I recommend STXOSV, New TP is set at $1.54c
EoinkEoink ( Date: 01-Jan-2011 22:13) Posted:
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Hi Teeth53,
Happy New Year to you!
What is the fair value of Sunmart? Is it a good price to go in now?
Any idea what is the listing price in Korea Exchange?
Thanks |
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Target is set by them at 0.40c. Read from forum some is seling at current px o.25c (taking profit)
A more short/immediate term bet for punting is on China Gaoxian. quite safe at less then 0.50c (just my thot)
http://sg.finance.yahoo.com/echarts?s=C2J.SI#symbol=c2j.si;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;
Pending your risk appettie, managing risk & an understanding the value of investing, hope above graph chart help.
Dual listing is the lastest crazy making money machine mend for punters to grace their turf. Target price for listing is always set by the owner and their BBs kakis,.
Hope it help u make better decision. For long haul. I recommend STXOSV, New TP is set at $1.54c
EoinkEoink ( Date: 01-Jan-2011 22:13) Posted:
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Hi Teeth53,
Happy New Year to you!
What is the fair value of Sunmart? Is it a good price to go in now?
Any idea what is the listing price in Korea Exchange?
Thanks
teeth53 ( Date: 31-Dec-2010 22:20) Posted:
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Hi Teeth53,
Happy New Year to you!
What is the fair value of Sunmart? Is it a good price to go in now?
Any idea what is the listing price in Korea Exchange?
Thanks
teeth53 ( Date: 31-Dec-2010 22:20) Posted:
IPO-ing. what U should look out for...
teeth53 ( Date: 31-Dec-2010 22:17) Posted:
Another counter going Korea way...expecting a listing at 0.40c (read from somewhere) Wishes all Sunmarterian supporters. A happy new year 2011
Will it be another China Gaoxian ??...Sunmart Last:0.25 Vol:4438k -0.0050 |
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|
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IPO-ing. what U should look out for... teeth53 ( Date: 31-Dec-2010 22:17) Posted:
Another counter going Korea way...expecting a listing at 0.40c (read from somewhere) Wishes all Sunmarterian supporters. A happy new year 2011
Will it be another China Gaoxian ??...Sunmart Last:0.25 Vol:4438k -0.0050 |
|
Another counter going Korea way...expecting a listing at 0.40c (read from somewhere) Wishes all Sunmarterian supporters. A happy new year 2011
Will it be another China Gaoxian ??...
Sunmart Last:0.25 Vol:4438k -0.0050
Yeah....realized that heavy selling down...Are the big boys running away?
It is good time for us to buy up? hahhahha
timqoo ( Date: 29-Dec-2010 19:39) Posted:
| many big sell down today. looks hightly volatile to me.
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