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vested when ruanlai pm me twodays ago..... at 48
luckily i added him as my buddy
CLOSE at 54cents today
are you vested?
wait4opp ( Date: 05-Jul-2011 16:59) Posted:
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WHERE IS RUANLAI.......
HITS.........................
WHAT IS THE TARGET......
535 soon
TOP 30 VOLUMES SOON......
May hit 55cents last 5 minitues.....
THANKS FOR RUANLAI.......YOU REALLY SINGAPORE GU SHENG......
PARTY TIMES !!!!!!!!!!!!!!!!
| Raffles Education Corp - Core growth story to drive re-rating (BUY, $0.485 - TP $0.80, RLSE.SI / RLS SP, Education) |
| Raffles Education Corp (REC) has entered into a Sale and Purchase Agreement with Mr Ding Fu Ru to sell its 50% stakeholding in subsidiary Value Vantage Pte Ltd. The cash proceeds of $46m will be used to reduce its bank loans and for working capital purposes. Despite the uninspiring results expected of FY Jun11, we remain optimistic about a turnaround in REC’s education business, which should lead to a stock re-rating. |
| Click HEREto download PDF report |
| Analyst: Eric ONG ericong@kimeng.com (65) 6432 1857 |
FUNDS are coming in.....
Today is going to test 53 cents......
What’s cooking
Raffles Education (RLS SP, $0.485, BUY, TP $0.80) – Raffles Education has entered into a Sale and Purchase Agreement with Mr Ding Fu Ru to sell its 50% stakeholding in subsidiary Value Vantage Pte Ltd. The cash proceeds of $46m will be used to reduce its bank loans and for working capital purposes. Despite the uninspiring results of FY Jun11, we remain optimistic about a turnaround in the group’s education business, which should lead to a stock re-rating. Maintain BUY with a SOTP-based target price of $0.80.
Raffles Education (RLS SP, $0.485, BUY, TP $0.80) – Raffles Education has entered into a Sale and Purchase Agreement with Mr Ding Fu Ru to sell its 50% stakeholding in subsidiary Value Vantage Pte Ltd. The cash proceeds of $46m will be used to reduce its bank loans and for working capital purposes. Despite the uninspiring results of FY Jun11, we remain optimistic about a turnaround in the group’s education business, which should lead to a stock re-rating. Maintain BUY with a SOTP-based target price of $0.80.
All signals are up for this counters.......
Going up soon......