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One thing i like about this stock is: Downside is limited;drop fast and rise fast.Actually the outlook for this stock is quite bright (FA), but I would expect that TA peopole will shun this stock..Nevertheless, don't care about TA and FA, can make $$ is the most important.. Patience pays if you hold quality stock..
Thks, prepare to take profit liao !
This counter is surging with volumes per trade..had taken profit..
Hi Knightrider, u r sitting on profit now..congrats!
Pacific Andes reported another strong set of results. Revenue in 2QFY07 rose 21% YoY to HK$752m, while net profit improved 25% YoY to HK$58.2m. Frozen fish sales accounted for 52% of total 2Q profits, while the fishing division accounted for the balance 48%. China Fishery Group (CFG) also delivered another robust set of results. Net earnings surged 62% YoY to US$11.4m in 3QFY06, on a 62.5% rise in revenue to US$39.3m. CFG has completed its acquisition in Peru's fishmeal processing companies, Alexandra SAC, in Oct 2006, and is in time for the start of Peru's peak fishing season. Together with the good set of 2Q results, management has declared tax-exempt dividend of 1.3 Singapore cents. As PAH's 2Q performance is in line with our expectations, we are retaining our FY07 earnings forecast of HK$350m. CFG has appreciated strongly since its listing earlier in the year. PAH also offers an exposure to CFG via its 31% stake in CFG in addition to its profitable frozen fish supply chain management operation. At current price, we continue to prefer an exposure to both entities via PAH. We retain our BUY rating for PAH. At our fair value estimate of S$1.08, PAH's current share price trades at an undemanding 6.4x FY07 earnings, and gives an attractive 4.9% estimated net yield.
This one should also move up..if not today, will be soon..
ok, thks, in that case I will not take profit so soon and hold further on. Take care.
Oh..it has gone up to 0.71,0.72 before, and I had sold it then, entry price same as yours..though gain is not spectacular, but downside is limited..As your entry price was good, would advise that you keep for the next wave (but u make ur own choice..).FYI, I had entered again at 0.695 today.
So you mean can buy or not, cause I am still holding my 20 lots at 0.675. It seems no movement, always only low vol and move within 0.68 - 0.695 only.
Have been observing this counter after selling off my previous holding at 71cts 3 weeks ago.It has been hoovering at 0.695,0.7 with corrsponding large buying qty next to the selling side, look like the fund is taking a breather before another wave of upsurge..FYI, this counter hold 30% of China Fishery group and is trading at an inexpensive PE.