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Hi dudes
the chart dont lie man...
I use a 10 day and 30 day MA for the chart and the vol still look low... think i will personally avoid such shares and perhaps put alert if theres volume increasing to 1000k for that day....
Oh Oh... Time is right for this to go sky high in the next few days.
Watch out.. The third up swing are here..
Dutech designs and manufactures products with a focus on high precision technology processes. Headquartered in
Shanghai, its manufacturing facilities are located at Nantong City, PRC. Its customers are mainly leading ATM
manufacturers and high security storage solution providers, and semiconductor equipment manufacturers located
overseas. North America contributed to 48.6% of revenue, and Europe contributed 34.1% in FY2006.
Dutech?s principal business activities can be divided into two main segments:
? Design and manufacture of high security UL certified ATM and commercial safes; these are used for banking
industry, residential and office use, and for the storage of weapons. They currently manufactures 26 models of ATM
safes and 59 models of commercial safes. The major customers include Wincor-Nixdorf (world?s leading supplier of
ATMs). This segment contributes to 72.6% of revenue for FY2006.
? Design and manufacture of high quality and reliable semiconductor instruments and parts; these include six
models of tester units and over 105 models of various semiconductor and precision machining parts for use in the
semiconductor and automotive industries. Major customers include Star Envirotech, Foxconn, Ferrotec and Brooks-
Synetics (who in turn supplies to Applied Materials). This segment contributes to 27.4% of revenue for FY2006.
Prospects and Future Plans
ATMs are an increasingly popular method for banks to expand customer service reach, especially in developing
countries such as China and India. China is forecasted to install 65,000 ATMs between 2005 and 2011. The global
deployment of ATMs is estimated to increase by 54% to 2.4m units from 2007 to 2017, with PRC becoming the
third largest ATM user by 2011. Stronge market demand from the fast growing electronics industry especially in
the PRC will translate to growth in the semiconductor components manufacturing industry.
Dutech is well positioned to capitalize on the rosy industry outlook. It plans to increase manufacturing capacity for
safes business segment from 60,000 units per year to 90,000 units in FY2007 and 135,000 units in FY2008;
Dutech has fallen below the IPO price of 33 cents..Should see some rebound as it oversold...
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