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Latest quarterly report out today ....... SBS made a profit of CNY 49.2 million in the last quarter.
If they will continue to report loss even under the current improved economic - serious question need to be raised!
Fuxing main competitor and # 1 market leader ,Fujian SBS Zipper Science & Technology Co.Ltd.,, has remain profitable even under the so call difficult market condition that Fuxing management has been lamenting over the past few quarters. It is true their operational cost, is unusually high - with key members of the management team being family members - I wonder if the company's interest are held on top instead of other potential interest.
I would speculate that the founding members are accumulating funds (from?) to eventually turn the company private. And at what price .... at such a suppressed level and activity, I would think that the public would be eager to off-load at any offer ...10% of IPO level ? 7-8 cents.
counter had been losing money and incredible high admin and sales cost.... had been taking over a few zipper company in PRC but lossing money as sales is not picking up at all....
I think this stock is DEAD........No movement for so so so so long.
Any pros can comment.
near the 52 week low!
accumulation time??
Most of the S-Chips are at their all-time low, any advice whether can accumulate?
this counter very quiet today.
why is fuxing not going up :(
The zipper shall rise again...
Notice of Date of Announcement of Fuxing China’s Third Quarter Results Ended 30 September 2010 and Results Briefing.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7698C2BD01D0FBF8482577C000160106/$file/Fuxing-DateAnnounce3Q2010.pdf?openelement
anyone knows what is the purpose of 1 lot play? Is it to create trading activity?
seems to be waiting for the right moment to chiong once again..
cheong loh ... dun wait liao ....
huge vol for the past two days ... today all are quiet ...
this one seems like need to pay alot of patient for it to cheong
Fuxing is a top pick of Kevin .....
KEVIN SCULLY: 'I received many calls and sms' on what to buy now.... '
http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/903-2010-/2982-kevin-scully-i-received-many-calls-and-sms-on-what-to-buy-now-
KEVIN SCULLY: 'I received many calls and sms' on what to buy now.... '
http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/903-2010-/2982-kevin-scully-i-received-many-calls-and-sms-on-what-to-buy-now-
yea i vested 0.15 for this one, hoping to clear it at 0.20! Huat ar!
fuxing tested 0.18 today.
2Q2010 net profit surged 205% to RMB 14.9 million.
will be awaiting their 3Q2010 result announcement maybe in november.