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Tai Sin should head towards 60c. All the way to the "IR - casino"
Sure cheong! Valuation undemanding
Livermore...
Looks like your cheering worked!
It "cheonged" further!!!
this morning trade erratic, one married deal 11 miliion shares at $0.38
KE analyst Geraldine Eu said Tai Sin holds a 30% market share in the local cable market, adding that "with Tai Sin's high exposure to the electric cable market, we view the company as a close proxy and prime beneficiary of the construction boom in Singapore and the region".
Ah Tai ah!! Ah Sin ah!! Tai Sin!!!!!!!!!!!!!!!!!!!!
Wow...
This one is really a "Cheong Ahh!" stock today!
KimEng targets $0.69!!!!!!!!CHEONG AH!!!!!
Initiate coverage with a Buy based on 10x FY08 PE
At S$0.435, Tai Sin is trading at attractive FY07 and FY08 PE multiples of 8.1x and
6.3x respectively versus 17.1x and 10.6x for industry peers. With strong market
positioning in a robust construction industry, minimal capex and new overseas
initiatives, we view Tai Sin as an attractive growth play. We are initiating coverage
with a BUY and target price of S$0.69 based 0.4x PEG or 10x FY08 PE. Key risk is
that the group?s earnings are vulnerable to the highly volatile copper prices
.Got the rights to buy share at 10c. Still holding. Hold all the way until casinos are built:)
Kenny,
so far no news come out. but definitely something going on.
Be aware this counter is a favourite of some punters.
just before rights issue annoucment made, it was driven up all the
way to 61 cents and then like roller coaster came back to 43 cents all without any major news breakout.
so i think u need to get your timing right on this counter before u enter.
i would advice never to enter at the current highest price, buy on days when STI is down or maybe wait for T+3 days contra after today when contra players taken out.
Thank Trymyluck,
This stock climb alot today. Any idea what happened.
kenny
i would think the day new rights shares are issued, you will see a bit more selling. and if you see announcements section of this counter, every day some or other Director selling cos it has so many small subsidarys and all of their directors have employee shares.
i think anything between 29 to 32 cents in current situation should be good. you may want to wait till april 21st as well just after new shares.
but just my opinion, im no Guru.
as for me im holding a few lots so might just take a gamble and wait till june for final results.
good luck
Thanks Trymyluck,
If the new right shares is issued, will the price drop then?
:(
rights ex-date is over was on 21st march.
new rights shares issued by april mid week.
not sure why share price going up? surprised myself....
maybe some news coming out.
Hi,
May I know when is the cum right? It is sfae to vest now as it seem to be on the up trend.
Pls help.
anyone want to forecast a price range for this counter after rights.
will it go down to low 20s or stick around in mid 30s till year-end results in june?
wait for 39
thanks victorian, and others for the advice.. i holding on first, for now.. still waiting for cum-rights..
u might want to wait till they announce rights and bonus dividend before u decide to sell off?
the bonus dividend should pay for the rights so no extra outlay from your pocket.
revenue wise company doing good and with construction uptrend this yr should be okay. if copper prices dont go up better for the company.
good luck
It is still downtrend. Bottom out? Maybe for another week. Even then, it is still risky to enter. You may get whipsawed. Right now, you are holding on to a loser. I guess other forumer will agree with me that the best thing to do is to cut loss and switch to better ones mentioned in this forum. Why get deeper ?