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Players seem to be returing after seeing good result for last qtr?
Cold storage for a long time. Last qtr result was super good. shd be privatized since there has been so few trades for last 2 yrs. mgt wasting money to maintain listing
So what is the dividend in S$?
Meghmanic should get better and better over next few yrs with
1) lower cost of raw materials
2) lower interest rate
3) completion of new plants with 2 Japanese partners in 2014
No volume indicates that when demand comes, price will move up swiftly.
theyoungone ( Date: 31-May-2013 09:06) Posted:
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Check out this counter today! 700% increase in profits! Dividends payout doubled from previous financial year! Promising stock!
Hello Hulumas, Have you made the move? I was reading the sgx announcement for last 2 yrs and realized that Meghmani has a JV with Kaneka and Mituisi in Dec 2011 to produce resin in India for India Market, starting from 2014. Currently India import all its need from USA/Japan. Meghmani owns 39% of the JV which will generate high profit and cash flow for Meghmani due to its much lower pdn cost and no need to pay import tax as compared against import from USA/Japan. Huat Arh!
Hulumas ( Date: 15-Feb-2013 16:35) Posted:
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Coming into SNAKE year of 2013, surely it makes big difference!!! Think of Indian plays Cobra !!!
Eldarchen ( Date: 10-Jan-2008 10:08) Posted:
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I will follow you next week. cheers
Hulumas ( Date: 15-Feb-2013 16:35) Posted:
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Watch, watch and watch. . . The buying sentiment start brewing, I 'll make it big big big move within next week, if it is possible. Ha. ha.. ha...
ivorycoast ( Date: 10-Jan-2008 09:23) Posted:
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Should have any knee jerk jump in price for SDS ratio correction soon!
Eldarchen ( Date: 10-Jan-2008 10:08) Posted:
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sigh so hard to do anything, keeps falling .....
Very good opportuity to squeeze the shorts liao
This one also ...... isn't it a cheong king as good as SunVic and UnionMet ?
Good arbitrage opportunity
Anticipatng US market to recover nicely tonight .....
A great opportunity to catch this.
Yesterday, it take off from 44 cts again.
Sign of support around this region.
Friday's close
Bombay : 50.55 rupees /share = $1.84/share
Singapore : $.48/SDS : $0.92/share
100 % over-valued in India or 100 % undervalued in Singapore !
Vested interest.
Meghmani SDS rose on speculation that it would soon be fungible, allowing for arbitrage between here and the Indian bourse.
Based on today's closing at Bombay, the disparity in prices have widened considerably and would be a good buying opportunity to keep when cross-selling between stock exchanges is allowed this year
Share price in India = 43 rupees = S$1.57/share
Share price here = $0.365/SDS = S$0.73/share
Wonder if STX PO prices also show such disparity.
Just wonder why there is no interest in this counter
Share price in India = 31.65 rupees per share = S$1.16/share
Share price in Singapore = 34 cts/ SDS = $0.78/share
Come next year, shares can be traded on both stock exchange
Vested Interest here.