
This counter will likely goes up when it get China Water Holding listed.
Below is a link on CNA by UOBKayHian on 8th Sept 2007
http://www.uobkayhian.com.sg/page/site/public/english/pdf/ssp_cnagroup0808.pdf
Even with such great result it is not moving. It's is a big disappointment.
CNA?s 1H 2007 Net Profit Surges 66.4% To
S$2.7 Million On More Profitable Operations
And Higher Contribution From Associate
on improved contributions from China and Middle East;
margin rose to 7.7% from 3.2% a year ago
Profit from operations jumps 79.9% to S$1.8m from S$1.0m
China and Middle East together account for nearly half of
1H 2007 revenue, up from a third a year ago
Regional expansion strategy boosts revenue mix;Associated company contributed S$1.2 million to net profit
Middle East and China
Group remains optimistic about growth opportunities inwas yr end high of counter in Feb 2007.
good strong fundamentals in both its main areas, waste water treatment in china
and building maintenance services in spore and middle east
Positive volume is starting to show. Good entry point would be when it closes above 0.55 to 0.57, above upper bol bands.
Thank you Ipkoh5 for sharing :) Appreciated.
By Ritesh Menon
Thu, 3 May 2007, 08:37:12 SGT
Downtrend losing momentum This report is solely for information and general circulation only and may not be published, circulated, reproduced or distributed in whole or in part to any other person without our written consent. This report should not be construed as an offer or solicitation for the subscription, purchase or sale of the securities mentioned herein. Whilst we have taken all reasonable care to ensure that the information contained in this publication is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness, and you should not act on it without first independently verifying its contents. Any opinion or estimate contained in this report is subject to change without notice. We have not given any consideration to and we have not made any investigation of the investment objectives, financial situation or particular needs of the recipient or any class of persons, and accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the recipient or any class of persons acting on such information or opinion or estimate. You may wish to seek advice from a financial adviser regarding the suitability of the securities mentioned herein, taking into consideration your investment objectives, financial situation or particular needs, before making a commitment to invest in the securities. OCBC Investment Research Pte Ltd, OCBC Securities Pte Ltd and their respective related and affiliated corporations together with their respective directors and officers may have or take positions in the securities mentioned in this report and may also perform or seek to perform broking and other investment or securities related services for the corporations whose securities are mentioned in this report as well as other parties generally. Carmen Lee
- CNA has been on a decline since the start of April. The downtrend was also caught within a flag pattern channel, where it tested the upper channel resistance a few times but failed to break out of the pattern.
- Nevertheless, the falling volume on the price decline indicates that the downward momentum is weakening.
- In addition, the stochastic indicator has sunk into the oversold region and is poised for a rebound.
- We see a break above the upper channel of the flag pattern as an indication of the rally resuming and hence an opportune moment for buyers to go long on CNA.
- 1st resistance set at S$0.67 and 2nd resistance set at S$0.795. Support set at S$0.47.
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Disclaimer for Research Report
For and on behalf of OCBC Investment Research Private Limited:
Head of Research
No no...
My assessment is made before I was aware of that TV programme, so is not based on that.
My assessments are always based on my technicals, not news, etc...
CNA
My assessment is that this stock is more likely to "cheong" up.
Only likely... but if you take my word for it, you have only yourself to blame if it sinks.
I think this one is on a strong uptrend.