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I don't bother trading this stock....the free float is too small for trading. Instead, I think its safer to buy and hold it till it dual list. Meanwhile, their strong and growing profits and dividends will support the share price.
Ok I think I know what to do :) Thanx
grandmaster89 ( Date: 29-Mar-2010 21:46) Posted:
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Z Obee 9M 10 EPS - US$0.0076
Novo Grp 9M 10 EPS - US$0.0155
If Novo is trading at Z Obee's valuation (in HKSE), it will be a $1 stock LOL
This stock will move like Z-OBEE ? Dual Listing coming soon ? Anyone has any news?
grandmaster89 ( Date: 29-Mar-2010 11:25) Posted:
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Thanks, grandmaster89
But I just wonder if the NOVO BB are in this forum......
Come on Novo BB show us what you are made of hehe
No action AGAIN from this counter today.............
No action from this counter today.............
That is a 2 months old analyst report. Very comprehensive - you read the whole chunk in Novo's website.
PRICE/TARGET PRICE S$0.235/S$0.41 Novo Group Limited MKT CAPITALISATION S$160.4m
A New Chapter of Growth BOARD Main Board
SECTOR Logistics
SINGAPORE
NOVO SP Tan Siew Ling, (65) 6210-8698 – siewling.tan@cimb.com
• Initiate with BUY and target price of S$0.41, set at 6x CY11 P/E, at a 10%
discount to the 5-year forward P/E average for its peer, Burwill Holdings. We
believe our valuation is undemanding given an EPS CAGR forecast of 37% and
high projected ROEs of 33.0-34.6% for FY10-12. We see stock catalysts from: 1)
acquisition of stakes in iron ore or coal mines; 2) further improvements in
demand and prices of commodities like steel, iron ore and coal; and 3) approval
of the group’s proposed dual listing.
• Foundation laid for new profit milestones. With its sights set on becoming an
integrated supply chain manager, Novo recently ventured into domestic trading
and distribution in China, shipping management, coal trading and steel
processing, from its initial position as a trader of steel products and raw
materials. Its aim is to capture margins along its value chain. To widen margins,
the group plans to further integrate through investments in iron ore and coal
mines and scrap processing.
• Strong rebound and growth in bottom line. Novo’s profitability has rebounded
strongly with 1HFY10 net profit of US$5.5m surpassing its FY09 net profit of
US$1.9m. With strong demand for iron ore, margin improvements and earnings
from coal trading in 2HFY10, we expect 2HFY10 earnings to be significantly
better than that in 1HFY10 and to form 70% of our full-year forecast for FY10.
• Proposed dual primary listing in Hong Kong. Novo has previously announced
its intention to seek a dual primary listing in Hong Kong. With Hong Kong-listed
steel plays commanding higher multiples of 7 – 14x CY10 P/E compared to 5x
CY10 P/E which Novo is currently trading at, an approval for the group’s dual
listing could potentially result in a surge in Novo’s trading multiples.
Will NOVO another ZOBEE ??
Strong resistance broken today, will have more upside tomorrow! 
hee hee finally!! counting profit liao....
.255 broken !! will move higher tmr !!
To me, it is too liquid to buy. Take care!
highrisk1 ( Date: 25-Mar-2010 14:48) Posted:
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strong resistance to sell maybe .
highrisk1 ( Date: 25-Mar-2010 14:48) Posted:
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strong resistance at $0.25............
Don't disappoint your investor who have faith in you......
Price up on strong volume today :)
In the near future!
highrisk1 ( Date: 24-Mar-2010 09:32) Posted:
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