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just like to draw ur attention to sunvic..
look at the flagpole followed by a pennant formation...
any breakout to the upside would be on high vol
DYODD
19.5!! one of the top vol this morning
...20c on the way..
nice move today!..19.5c
good vol
gotta break immediate resistance @ 18c... then major resistance @ 19.5 to move upwards..
good vol today..
tchoonw ( Date: 05-Mar-2009 14:57) Posted:
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SUNVIC CHEMICAL HOLDINGS LIMITED
Financial Statement and Dividend Announcement for the Third Quarter Ended 30 September 2008
Net profit (RMB'000) for 3Q'08 RMB$26,852 +69.6%
Net profit (RMB'000) for 9 Months ended RMB$185,404 +290.4%
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5A5A3C5AC4E4C175482574FD0033C35E/$file/Sunvic_Q3_2008_announcement.pdf?openelement
As a result of the following factors, we are unlikely to meet our earlier management targets for sales
of RMB3 billion and net profit of RMB300 million for FY2008:
1. Lower sales and profit during the Beijing Olympics 2008 period due to (i) the transportation
restrictions for dangerous chemical products placed by the PRC government in major
cities in the PRC; and (ii) the shut-down of chemical plants around the Beijing region
(including some of our customers) where the Olympic games were held; and
2. A sharp decrease in demand and selling prices for our products from September 2008 due
to abnormal, global economic forces and financial turmoil leading to a slow-down in the
global economy including China.
P/E 2.13 now, http://uk.reuters.com/business/quotes/ratios?symbol=SVCH.SI
Phillip Securitues Research TP $0.37, 2008F Revenue $3,059 RMB mln http://www.remisiers.org/research/sunvic092508.pdf