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Really hah, tested 50 cents today.
Singaporegal,
It look unstoppable!! Do you think are fund managers buying this stock last week??
I think its going to be a great week next week also.
From the TA charts, its strongly uptrending and no sign of stopping.. short of a catastrophe! For all you HG investors, hang in there.. I believe you'll earn more $$ next week!
It must be a great week for all Hongguo investors!
Analyst upgraded Hongguo target price to 59c!!!
Newmoon..You are really lost!!! You must be a newbies..correct me if I'm wrong..
I don't use technical charts. I based on fundamentals.
First you mentioned about EU sanction. Then you talk about par value and nav.. and then technical charts...all mixed up..totally confused.
You must be very puzzled why Hongguo can hit 44c today!
If hongguo is delisted how much is it worth?
It's par value is onlyUS$0.015 and its nav is
US$0.09.
Raffles holding is worth 71cents today.Yesterday it was worth 84cents.
How can you predict what can happen tomorrow on your technical charts.
Yes...moved up as per forcast!!!
Hongguo is in the news yesterday. C-Banner was awarded the ?中国驰名商标?百万重奖 (China Famous Brands' 1 Million RMB Reward) - a one-off monetary prize of RMB1,000,000 given out by the Nanjing City Governor for its stellar performance as a homegrown brand that ascended to #2 in sales nationwide after winning the China Famous Brands award last year.
Newmoon, I think you are totally lost and confused!! So some research please!
The EU tariffs on china shoes is 19.4%
-The decision was made a few hours ago -read international herald tribune-business page .It will lead to many shoe contractors for western brands to close some shoe factories in china-hongguo could be one of them
C.Banner in actions again!!
After JP Morgan, today read another report by SBI...The C.Banner is definitely attracting more attentions now.
JP Morgan cover Hongguo....the 2nd best selling brand C.Banner finally attracts the big buy attentions.
TOP VOLUME!!
C.Banner in actions again!! Investors start to realise the importance of BRANDING!
For those who dunno what Hongguo is -
Hongguo International Holdings Limited is the company behind one of the leading premium brands of ladies? fashion footwear in China. Incorporated in Bermuda on 26 April 2002, listed on the Singapore Exchange in June 2003, our Group currently consists of five wholly owned subsidiaries.
Testing 38 cents again. Soon break this resistance if the current sentiments persist.
The C.Banner brand itself should worth a lot more. Eventually, the share price should reflect the brand's worth as international investors start to accumulated the share.
The full effect of the 50% increase in the production will be felt in FY06! Couple with the stronger sale in C.Banner, the full potential is still not reflected in the share price.