Synear   

SYNEAR - PUNT OR INVEST!

ozone,

 Synear make flavoury and delicious dumplings. Did you attend their last AGM here? Was dumplings served in that AGM?

 

i will buy 1/2 at current price..

then try the other half @ $1.5

should make a couple within the day..

 

ozone, you leveraging down or bottom fish?

 

now $1.57...looks a steal to me...

see if can get @ $1.5.. chiong ah!..

 

 

Hallo Idesa,

Nice to see you again.  Sorry for long abstain.  Had something todo.  My view is we can't get in this counter yet.  Still need to wait, until consolidation time is over.   But certainly, this one can make money a lot for us.  Don't miss the chance ..

- Glad waiting for propertime -

 

DOW crashed 218 points, but hey, this week is thanksgiving week, Mr. DOW really doesnt give face ..

 

JJ, dun envy me @173. I think I ihave to do some damage control tomorrow since DOW is now down with 100 pts. Lets hope after my sleep for the night, I see recovery at DOW tomorrow. If not.....you wud be able to get it at 165!

 

wow.. idesa168, you are fast...

I am still bottom fishing ... i hope i won't miss the bull run of this counter, wait for me.....

keep this in your radar list, very important... so hard to see it fall to 1.72 low today..

 

I got some today at 1.73. Hope to make some kopi $$.

 

JF purchase price around 1.54-1.60 in september, low is about 1.44 in september, so, that's another 18% down from 1.77.. you can do some risk assesstment here... with market so volatile now, and this week is thanskgiving week, 1 and half day stock close in New York,  you can also stay aside and watch... I think it might still can go to 1.65... let's put this in our radar list...

 

JF Asset Management (Singapore) Limited 

 

Who is JF?

 

Attention: DO NOT MISS THIS!

watch this counter, you can start buying now , or any price below 1.65, close your eyes, and dump the money inside. JF bought huge lots during the past 3 months, their purchase price is around 1.62-1.7 level, you will not go wrong putting money into this gem as the olympic is getting nearer and nearer, they should earn big this time.

again, from high 2.52 on October 29 drop until 1.77 today , that is 30% discount for your christmas shopping, what do you expect more? I repeat, do not miss this gem!

 

12 November 2007
Synear Food Holdings Ltd  (SYNF SP / SYFH.SI, OUTPERFORM - Maintained, S$1.98 - Target: S$3.10)
3QFY07 results - Strong sales momentum
by HO Choon Seng (CIMB)

Synear reported 3Q07 net income of Rmb62.4m (-0.3% yoy) which was 4.6% below our estimate of Rmb65.4m. Impressive topline growth of 31% was fuelled by higher sales of premium products, increased production capacity, ASP increases in Apr 07, and continued expansion of its distribution network. A 14% rise in average raw material costs resulted in a 3.5%-pt yoy decline in gross margins to 28.7%. We are finetuning our FY07 EPS estimate by -0.4% while raising our FY08-09 estimates by 8-17% mainly on the back of higher sales growth assumptions. Synear remains undervalued at 16.2x CY09 P/E vs. other F&B market leaders which are trading at an average of 25x. Following our earnings upgrade and rolling forward our valuation target to end-CY08, our target price has been lifted to S$3.10 from S$2.60, in line with peers. Maintain Outperform.

 

My broker recommended entry at 2.12-2.15 level which he said is low risk entry.

 

i m watching also. waiting for thi chap to slow down his drop before taking new position. not vested yet.

 

Looks attractive this price. It has corrected from a high of $2.52.

 

Hehehe many people have a love-hate relationship with this counter. Occasionally it becomes a good punt, most of the time, something worthwhile to buy and hold for medium term when it hits its supports.

 

 

The euphoria for this counter died off so soon...sigh! I am out already! Will visit SYNEAR again, hope soon. I like this counter.

 

Something to share here, is it a piece of good news or not, judge yourself! Cheers.........China Shares in Hong Kong May Jump on Study to Allow Arbitrage By Chen Shiyin and Lu Wang Oct. 18 (Bloomberg) -- Chinese stocks trading in Hong Kong may advance today after Beijing regulators said they may allow arbitrage between shares traded on the mainland and the city. China Petroleum & Chemical Corp., Aluminum Corp. of China and China Life Insurance Co. may gain after surging in U.S. trading. The USX China Index, which tracks U.S.-traded shares of 74 mainland companies, jumped 8.3 percent yesterday, the biggest rally since April 2001. Limits on inward and outward investment have helped the CSI 300 Index almost triple this year, making the Hong Kong-traded shares of Chinese companies a cheaper alternative for investors. The securities regulator said yesterday it will study a plan to end price discrepancies amid concern a bubble is building. The mainland Chinese market is ``overpriced,'' said James Moffett, manager of the $3.62 billion UMB Scout International Fund in Kansas City, Missouri. ``Our strategy is to try to invest in China without actually investing in China.'' The CSI 300 has jumped 185 percent this year, the biggest advance among the 90 equity indexes tracked by Bloomberg. It's valued at an average 56 times reported earnings, compared with 31 times for the Hang Seng China Enterprises Index. The Hang Seng China Enterprises, a measure of 43 so-called H shares of Chinese companies, has gained 81 percent during in 2007. Tu Guangshao, vice chairman of the China Securities Regulatory Commission, said in Beijing that the panel is studying a proposal to allow swaps in shares of companies traded on domestic and Hong Kong exchanges. ``We will announce the result of the study soon,'' he said. Sinopec, China Life U.S.-traded receipts of China Petroleum, Asia's biggest refiner also known as Sinopec, soared 16 percent to $178.83, or the equivalent of a 13 percent gain from its Hong Kong close. The stock traded at 16 times estimated earnings in Hong Kong, compared with a multiple of 36 in Shanghai. Those of Aluminum Corp. of China, the nation's biggest producer of the metal, surged 13 percent to $88.05. That's 13 percent higher than the stock's closing price in Hong Kong. China Life Insurance Co., the largest insurer, increased 12 percent to $106.56 in New York, representing a 8.3 percent gain from its Hong Kong close. Shares of companies that plan to sell yuan shares may also advance in Hong Kong. U.S.-traded receipts of China Mobile Ltd., the world's biggest wireless carrier by users, advanced 9.7 percent to $98.77, 3.6 percent more than its Hong Kong close. PetroChina Co., which this week overtook General Electric Co. as the world's second- largest company by market value, gained 15 percent to $263.70. That's 9.3 percent more than its share price in Hong Kong.