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Buying-In Securities on March 8, 2013
- ...
- Annica 100,000
- AsianMic 200,000
- BakerTech 207,000
- Blumont 20,000
- ...
- CarrierNet 400,000
- Contel Corp 2,273,000
- ...
- HanKore 3,159,000
- Infinio 200,000
- Jackspeed 200,000
- ...
- Magnus 50,000
- P99 HLDGS 136,000
- ...
- WE Hldgs 1,229,000
- ...
- Xpress 127,000
This is the first major correction in the last 4 mths. The drop to 4.7c has moved it to the 50 days MA. Hope it holds. There is a likelihood it may attempt 4.5c at the lower band of the Bollinger Band and it will not be nice if it breaks. On the other hand, it may rebound strongly from there to resume its uptrend. Don't see any change in fundamental. The market will also take its cue from news coming out from the assembly going on in China now. China has announced it will maintain its 7.5% growth with 3.5% inflation target.
what does the chart look like now? do we still believe in these things? no one can tell where the mkt is going right?
Lucky03 ( Date: 23-Feb-2013 17:07) Posted:
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another lousy stock...lousy lousy lousy..unfortunately ...vested
May test 6c today
hmmmmmmmmmmmmmmmm......................what to do what to do???
$$$ coming....
Jumping by over 6%.....Huat AH...
1st target: $0.080
The chart indeed looks very promising. Just about touched the 20d MA on thursday and may be taking cue from the 20d MA as support again. The 100d MA cut above the 200d MA convincely around 13 Feb which is usually a long term indicator of an up trend. Bollinger Bands may offer the trending perspective where the support stays with the 20d MA and the upper range appears the short term cap. It may indeed try to break 5.5c again next week. If so, the pace of increases has stepped up from the 0.2 range every 3-4 weeks over the last 4 mths.
http://www2.h2o-china.com/report/2013/2012pxjx/czxyyqy.html
Saw this link provided in HK's press release - http://europe.chinadaily.com.cn/epaper/2013-01/04/content_16079532.htm. Quite unusally for a company he link to an article featuring so strongly a potential competitor's insight and plan for its market. Maybe one of the potential suitors - French utility company Suez Environment
For FY2011, HK made a provision of about RMB$110m for allowance for impairment. For FY2012, it wrote back RMB$20m and another RMB$20m most recently in Q2 of FY2013 leaving potentially another RMBB$70m for write back if they can repair and salvage the plants to become productive and yielding. Besides, there will be inventive to write back as they will boost the asset base and revenue yield that will boost the ongoing valuation exercise.
Thanks Lucky. I am holding too. HK heard your comments and release 1HF press release today. David's comments are positive that FY2013 will potentially be better than FY2012. CE.
Lucky03 ( Date: 20-Feb-2013 02:16) Posted:
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Hankore will have to call EGM to seek shareholders' approval for the purchase of its sub-con and it can't be too far away. That will be a good time for them to share any update and for shareholders to seek clarification.
Still holding... In fact, bought a bit at 5.0c. Don't see any change in fundamental despite the revenue fell short of expectation. The increased water tarriff rate will be reflected in its revenue reporting ultimately but the speed depends on their accounting principle of recognising on accrual or upon billing. The latter may cause some delay depending on their billing cycle and process. Volumes were very high last wed and thurs and so we will know if the trades were short term contra trade or accumulation continues today and tomorrow. May test 4.8c and that will return it to its 0.2c step up momentum which will naturally disappoint many who wants to see 1 straight line up all the way. Remember, if the invisible hands are accumulating, it will not push the price aggressively up at the expense of them having to pay more...
Share7 ( Date: 19-Feb-2013 23:46) Posted:
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Yeah I know of that major writeback but HK should cannot be using this forever ...so its time to earn. Still waiting for BOAML report and hopefully we are all rewarded by good surprises soon.
leeeta, agree with you. It's reporting format. HK used similar format as FY2012. HK may have more writebacks since 2011 they wrote off so much of HK's. One major expense is interest payment which HK has been trying to raise funds. Hopefully BOAML can come up with a good solution that raise HK's value, raise funds to let HK complete all its projects line up and bid for a really big integrated project. Then by default, your 20c target can be achieved. I dare not dream of 60-80c. Today's sell down quite aggresive and definitely cause alot of anxiety. Lucky03, hope to hear your comments please. Kamsia. CE.
leeeta ( Date: 19-Feb-2013 23:13) Posted:
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ok, its a matter of reporting I guess.. half year vs qtrly. The 20mio impairment was reported earlier so no big deal...those in the know and scrutinized the numbers could have sold yesterday and today. Qtrly earnings by itself not fantastic ..that is why the sell down but when reported with 20mio impairment the number changes and gives an impression of high qtrly profits. Impairments cannot be forever and HK needs to improve on its earnings...David needs to explain in detail why earnings are poor when tariff has been adjusted and there are ongoing revenues from projects.. HK badly need more projects. More projects more revenue...strong revenue and profit will spur the px of the share..slow organic growth is too slow for some of us.
Hi guys, i m still newbie and have vested in it.How will the updated report affect the mid to long term investment for this counter?
May be you can share your views for those that has vested in this thread.
Many Thanks,
Sam
Thanks leeeta. Lucky03, can give you comments too. Kamsia.
leeeta ( Date: 19-Feb-2013 17:36) Posted:
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HK just revised its financial report after being queried by SGX. Will update after digesting the latest update. Does not look good.
seanpent ( Date: 19-Feb-2013 09:12) Posted:
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