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fund selling big at 12032009,,,,,,,,,,,,,,,,,can anyone they sell at wat price and why they sell at cut throat price,,,,,,,,,,,,,
des_khor ( Date: 18-Mar-2009 14:18) Posted:
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equator2010 ( Date: 18-Mar-2009 13:26) Posted:
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des_khor ( Date: 18-Mar-2009 12:29) Posted:
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Where did this post comes from? Tried to search the net for it but couldn't find it. Sounds so unreal to me. Wonder if someone is trying to make it cheap again so that a good profit can be reaped out of it again. Trying to make history repeat itself? Lols... Nothing to comment. Just ain't believing most of this post without ascertaining is legitimacy. Still believe in fundamentals and rather sure that recovery will come strongly right after a fearful market is gone. ;-)
787180 ( Date: 17-Mar-2009 23:36) Posted:
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Hahaha, who to choose to believe:
Kim Eng tgt price of 23 ct or this "anal"-"list tgt price of 10 cts.
I just read their write-up for info & FA & ignore their tgt price, to me , i strongly believe price movement depends on sentiment, demand-supply, fear, greed, redemptions, force-selling, etc ie TA.
787180 ( Date: 17-Mar-2009 23:36) Posted:
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| China Hongxing Sports Ltd | |
| Quick takes - Roadshow takeaways - by Germaine Khong | |
| (CHHS SP / CHXS.SI, NEUTRAL - Maintained, S$0.10 - Tgt. S$0.10, Consumer) | |
| On Monday, Ms Jenny Yeo, Vice-President of Investor Relations at China Hongxing met investors to discuss the group's financial position and growth strategy. Ms Yeo also showed investors the group's bank statements. Concerns regarding Hongxing's cash were the main focus. We believe that investors' doubts over its cash hoard of Rmb1.9bn are unlikely to be allayed due to the lack of dividends. Our target price has been cut from S$0.20 to S$0.10 (based on a 40% discount to net cash/share). We remain Neutral on this stock. Re-rating catalysts could include a potential privatisation or a commitment from management to start paying dividends again. | |
Kim Eng Buy recommendation dated 16/3/09:
China Hongxing – Company Update (Pauline Lee, DID: 6432 1453)
Previous Day Closing price: $0.08
Recommendation: BUY (under review pending briefing)
Target price: $0.23 (under review pending briefing)
February 2009 order book update
The group secured approximately RMB 800m worth of orders at the 2009 Autumn/Winter Collection Trade Fairs held in Tianjin and Xiamen at the end of February. This was a 20% decrease from a year ago. Judging from the last three trade fairs held, the total orders received for the first nine months of 2009 would have grown by approximately 9% from the previous corresponding period.
China Hongxing’s February trade fair attracted 2,500 participants. The trade fair showcased approximately 240 new footwear models and approximately 600 apparels and accessories designs. The apparels and accessories accounted for the bulk of the orders (approximately 55%), while footwear accounted 45% of the orders.
Secured five-year sponsorship deal to be offical apparel partner of ATP1000 Master Series Tournament
The group also announced that it has officially signed a five year sponsorship deal with the Shanghai Master Series Organising Committee (SMSOC) to be the official apparel partner for the Association of Tennis Professionals (ATP) 1000 Master Series tournament, which will be hosted in Shanghai starting 2009. Besides being the official apparel sponsor, China Hongxing will also work closely with ATP officials to conduct research and develop Erke-branded products. China Hong will also work closely with SMSOC to organise a series of tennis tournament-related activities and programmes.
According to the Chairman, Mr Wu Rongguang, the ATP1000 Master series is highly prestigious and will bring the world’s top tennis players to China, giving people the opportunity to discover and appreciate world-class tennis. China Hongxing’s collaboration with ATP is a testament to the strength and prominence of Erke as a leading tennis brand in China.
The Shanghai ATP 100 Masters tournaments will be held around October each year where total prize awards for all 5 years will total more than US$20m, making it Asia’s highest prized tennis tournaments and only second globally to the four Grand Slam tennis tournaments. The 2009 ATP1000 Shanghai Masters tournament will be held between 11 – 18 October, which is slated to attract more than 80 top global tennis players with 99 exciting matches to be played. The Group believes that this sponsorship with the Shanghai ATP1000 Master Series will reinforce the Group’s efforts in building its brand image and further enhance its brand visibility in the PRC.
needless to say . I have been working in China since 2004...seeing it with my own eyes everythday.
but xian liao..coming back to be a FT trader.
But you really want to ride the china waves hugh ...the big cap are listed in HKex.
From "Moneyandmarkets"
China to Lead Global Recovery?
The Chinese Manufacturing Index rose for the third month in a row as Beijing’s stimulus package takes effect on the economy. Amid signs that the Chinese economy appears to be bottoming out, stocks rose and new orders expanded for the first time in five months. Other positive signs include an increase in loans, growth in retail sales and an increase in electricity production and consumption in January. A measure of export orders also increased, in addition to employment, the first increase in six months. There are signs that this will continue as new manufacturing and construction projects are scheduled to break ground in the spring.
Amid these positive signs, the Chinese government has plans to further boost the economy by adding to the stimulus. Premier Wen Jiabao is expected to announce these new measures tomorrow after the Communist Party’s Politburo last month pledged a massive increase in government investment.
My Opinion: In light of these positive signs, it is difficult to argue how China will not emerge as stronger and more powerful than it already is. China is poised to lead the global economic recovery.
http://blogs.moneyandmarkets.com/real-wealth/good-news-on-china-see-the-highlights-below-and-my-opinion/
Good for retail stocks like CHHX, etc. Will recover after all these bad sentiments blow-over & play catchup with SSE.
richtan ( Date: 04-Mar-2009 23:51) Posted:
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Hi callim22, appreciate if u can kindly share with us if u know any other reason why it drop other than the recent bad news about ferrochina, fibrechem & biz times report on "Is the cash there" (thus affecting most s-shares in general) which CHHX replied positively to SGX
callim22 ( Date: 04-Mar-2009 23:23) Posted:
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Do u trust all these "anal"-"list" call or rather trust your own TA &/or FA??
Remember, dyodd, they are not answerable to your pocket.
As I always say, it is like asking 7 blindman to describe an elephant.
Eg, UOBKH drastic moving target, adjusting their FV from one extreme to another.
rabbitfoot ( Date: 03-Mar-2009 20:50) Posted:
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