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Time to buy, as long as price < 12.8 cents! > 14.8 cents soon.
Consolidation period comes to an end!
think2profit ( Date: 07-Jan-2013 21:22) Posted:
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think2profit ( Date: 07-Jan-2013 21:22) Posted:
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think2profit ( Date: 07-Jan-2013 21:22) Posted:
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Seems like need to consolidate at closing price to shake out the weak holders. Uptrend should resume as we can see big lots buying at above 14.8cts.
luckyman999 ( Date: 24-Apr-2011 18:04) Posted:
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luckyman999 ( Date: 24-Apr-2011 18:04) Posted:
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hi guys,
why this company profits so well but the stock isn't moving up? any advise?
China apparels industry - Eratat Lifestyle (ERAT SP; S$0.195, TP S$0.43, Buy) |
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China Sports announced yesterday that their exclusive master distributor right for FIFA has been terminated by the association. |
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We believe this unexpected turn of events adds further pressure on China Sport’s management. 9M10 sales took a 36% yoy hit while net profits fell 53% on higher expenses. |
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Although management assured that FIFA related sales contribution was insignificant, we believe will crimp China Sports ability to boost revenue. |
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Fellow peer China Hong Xing also has had a lacklustre performance year to date. Though 3Q10 net profit grew 6% yoy from 3Q09, total net profit for 9M10 fell more than 200% yoy. |
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The aforementioned developments shed light on the tough operating environment for the Chinese sporting apparels industry. |
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Eratat’s share price fell 2.6% in early day trade. We believe this could be largely due to the markets aversion to the lacklustre performance of China ’s sports apparel industry. |
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However, we believe that Eratat should not be penalised for perceived association with the China sports apparel industry. |
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Eratat lifestyle has manoeuvred a product transition from sporting apparels to fashion lifestyle products. Management’s foresight is showing early fruits, as we saw strong earnings growth for 1H11. |
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Unlike its peers, Eratat Lifestyle also saw an uptick in margins, from conscious cost control measures and higher ASP as brand recognition increased. |
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Going forward, the company will continue to focus on its brand equity expansion to ensure successful product transition. |
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There is also a possibility of listing on a foreign exchange, as Eratat Lifestyle could require more capital to accelerate expansion. |
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With Malaysian listed sports apparel maker Xingquan announcing a TDR recently, Eratat Lifestyle could follow suit, which could act as a catalyst for the share price, in our view. |
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Valuations appear cheap with current share price of S$0.195 34% backed by strong net cash per share of 6.7 Scts. |
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In addition, we believe Eratat Lifestyle has limited downside risks with net net working capital of 23.4Scts per share and prospective dividend yield of 6.7%. |
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We currently have a Buy recommendation with target price of S$0.43. |
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/cimb
profit more than doubled to 44.1 million yuan, from 21.2 million
yuan a year ago, helped by higher average selling prices for its
goods and as it sold more higher margin apparel.
allantanhc ( Date: 23-Sep-2010 15:55) Posted:
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It's $0.21 now. Highest done today $0.215.
Volume is high. Up, up and away....
allantanhc ( Date: 08-Sep-2010 18:36) Posted:
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hsbhsb ( Date: 29-Jul-2010 22:18) Posted:
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allantanhc ( Date: 08-Sep-2010 18:36) Posted:
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Went XD yesterday.
Price today back to $0.20.
Pocketed dividend liao.
It should be time for this counter to be re-rated.
Has gone up further today with heavy volume riding together with many other S-chip counters.
See a lot of potential ahead.
Between 30 Aug and today, Eratat has risen 11.4% from 17.5 Cents to 19.5 Cents.
The increase in share price go along with increase in volume. The volume today is 11569 lots. This is at least 5 times of average volume of past 6 months. Technically bullish, good sign.
Fundamentally strong. Low PE. No debt. Good dividend. An undervalued stock that's beginning to move, I think.
Not late to get in. CIMB has a TP of 29 Cents.
Not an inducement to trade. Just sharing. Please do your due diligence. Vested.