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this burger not much meat to SHORT leh...only short counters like VENTURE/Kercorp/CITYDEV...BANKS like UOB quite strong...but more meat oso..but quite risky siah ! :D
bro.... i see u short most of the time.... now a day u dont short is it?
nickyng ( Date: 15-Dec-2008 09:36) Posted:
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hmm...this burger looks wanna cheong but cant cheong...looks wanna LAO SAI oso dun seems to LAO much....how?? can SHORT ?? :P
wow...dropping like sai again :P damn..shld SHORT !! :D
SHANGHAI (Dow Jones)–Disappointment stemming from a lack of fresh economic-supportive measures from Beijing and a weaker-than-expected rise in the November consumer price index pushed China shares lower Thursday.
The benchmark Shanghai Composite Index, which tracks both A and B shares, ended down 2.3% at 2031.68, after rising as high as 2087.20 intraday in moderate trade.
Analysts said the index is likely to test psychological support at 2000 in the following sessions.
The Shenzhen Composite Index fell 2.5% to 608.80.
China’s November CPI rose 2.4% from a year earlier, data issued Thursday showed, sliding for the seventh straight month and falling below the median 3.0% forecast of 16 economists surveyed earlier by Dow Jones Newswires.
While lower inflation could also mean the central bank has more leeway to cut rates, it also "raised investor’s concerns over a deflationary economy next year," said Zhang Gang, an analyst at Southwest Securities.
"The market is likely to head even lower, because domestic macroeconomic data due next week, including industrial output and fixed-asset investment, are expected to be poor," Zhang added.
Some analysts said the absence of any fresh economic stimuli after the Central Economic Work Conference, which ended Wednesday, also weighed on the market.
"The conference provided us with little surprise, just some pledges that have been repeated several times in the past," said Wang Junqing, an analyst at Guosen Securities.
China said at the conference Wednesday that maintaining steady economic growth will be the government’s key task next year, and that it will continue to follow flexible economic policies, including an active fiscal policy and a moderately loose monetary policy.
Financial firms fell following sharp rises Wednesday, because the long-anticipated economic supporting measures didn’t materialize.
Shanghai Pudong Development Bank fell 3.7% to CNY14.86, after ending up 9.1% Wednesday. Haitong Securities shed 4.6% to CNY8.87 following a 3.0% gain the previous day.
However, China Southern Airlines and China Eastern Airlines nearly rose by the 10% daily trading limit after disclosing late Wednesday that each company will raise CNY3 billion by selling A- and H-shares to their parent companies as part of government subsidy. China Southern closed up 9.9% at CNY3.66, and China Eastern ended up 9.9% at CNY4.32.
-Jin Jing contributed to this story, Dow Jones Newswires; 8621 6120-1200; jing.jin@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today’s most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=OBSC4tG5tv93CjIHwO9G9A%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
December 11, 2008 03:02 ET (08:02 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.
looks like will cont'd to cheong leh with China announcing to reduce taxes hor ?! :P
Once broke 0.29,next support level will be 0.46,beware profit taking though but seems this counter is heading uptrend line.Based on sentiment wise,definitely is very good influence by its china counterpart in china,HK and shanghai.
seems like this burger being forgotten liao ?? haha..wah cheong to 30cts today....wow....steriod har ? :P
i can feel that profit taking on the way,,,,,becareful,,,,,,after tis there are more chance
synear was picked by sebastian chong for a stock challenge at http://www.nextinsight.com.sg/content/view/690/60/
An interesting articles for all to share
http://financial-information-updates.blogspot.com/2008/11/china-stock-market-is-top-pick-for.html
Finally, this food maker "cheong" liao.......High volume today......
STI index is up today....... Most likely, this food maker can reach $0.23 today....Good luck for those vested this counter
can go in and see but dont catch caught,,,,,,very volatite perior again,,,,,,for those who buy will reward huge next year but prepare the worst akan datang bec bottom testing coming,,,,,play save to enter point 10cts or15cts,,,,,,,,,,,,,,,,,,,cheers akan datang s share
Hope it helps for those who vested
BROKER CALL - China's Synear Food kept 'buy'; still outpaces competitor - SBI
12 Nov 2008
Xinhua Newsfeed
BEIJING (XFN-ASIA) - SBI E2-Capital Securities said it maintains a "buy" recommendation on Synear Food Holdings with a target price of 0.45 sgd despite "slight disappointment" over the company's third quarter earnings.
SBI said that despite the current weak consumer sentiment, the Singapore-listed firm's revenue was up 8.9 pct year-on-year in the quarter, outpacing closest competitor Sanquan.
It trimmed its 2008-2012 earnings forecasts for the company by up to 20 pct on slowing domestic consumption, but noted that the stock is still trading at a "relatively undemanding" valuation and a steep discount to Sanquan.
Synear shares were down 0.03 sgd or 11.5 pct at 0.23.
(1 usd = 1.5 sgd, 6.8 yuan)
This food maker is still making profit......This counter has potential to head north.....Good luck for those vested !
Is it good to buy now at 0.225? Is this a good counter ? It had dropped from above 1.8. Any chance it will take off?
25cts??? haha...23cts now oni...sure? u manipulating har? hee... :D
Monitor this Synear food...... This counter will cheong $0.25 today....good luck for those vested
Almost all the counters are drop, except Synear Food is up..... I believe this counter has potential to head north in future