Luye Pharma   

ASIAPHARM

I had expected this counter to do a surge in the last few days, but sadly that didn't happen at all but instead the stock weakened on a positive anouncement.

Well, that's the nature market of the market I, suppose.

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Trade With Care

 

how come price drop when results are positive?

 

Hi Opportunist, would like to share this analyst report by PHILLIP SECURITIES RESEARCH posted on Aug 15 = HOLD

Blah blah blah...In the short term, AsiaPharm is likely to face increased competition, but in the looooong run, the outlook is positive. Now that the result is out, this analysis sounds good.

 

Thanks to everyone who responded to my query.

Results for 9 months and 3rdQ has been announced. Nothing fantastic but under the difficult business environment for this sector in PRC, I think the results are satisfactory. Future prospects look good and so I will be holding on for the next few quarters at least. 

 

under SGX web general announcements. Notice was given on 26 Oct

 

where do u guys obtain the notification for the annoucement of results? I cant find it on SGX website

 

The Board of Directors of AsiaPharm Group Ltd (the "Company") is pleased to announce that the Company's financial results for the third quarter ended 30 September 2006 will be released on Wednesday, 8 November 2006, after market close.  

 

Is it going to be good news? 

 

Hi opportunist,
Re the announcement, I understand that AsiaPharm will announce their Q results on 8 Nov 2006.

 

Hi dxxxxxxd, I missed the announcement you mentioned. Can you or anyone kindly post the contents of the announcement or where to find it? Thanks. 

 

Hi dxxxxxxd, I missed the announcement you mentioned. Can you or anyone kindly post the contents of the announcement or where to find it? Thanks. 

 

eg like Hi-P... the counter was at its lowest point (0.795), the shot up to 0.91 after the announcement.

 

This counter may be priming itself for the upshot!

 

Disappointing weak support today broke 60cts level and slipped before releasing an announcement. I hope it is not a result of patent paying drug causing 'cancer'?

 

"...3rd qtr results will be released on 8th Nov..." [Bullbear]

Any updates on this counter, folks?

There seems to be frentic activity today.

 

Standard & Poor's Asian Equity Research has upgraded its rating to "buy" from "hold" and lifted its target price to $0.72 from $0.67 after the China-based pharmaceutical company bought the patent for sodium glycididazole (CMNa), a cancer treatment drug.



"We believe that the acquisition of CMNa will strengthen AsiaPharm's product offer on oncology and be a catalyst for future earnings growth," S&P said in a note to clients.



"As a result, we have raised our 2006 net profit (estimate) by 1.6%, (and) 2007 by 14.5%," it added.

 

There is support at 0.605 today, those yet to go in can choose to now..

 

Today the STI is down, thus cause this counter to decline. Those who want to get in, can do so at 0.61 - 0.615 !

 

Not sure whether it is 4th wave down or 1st wave up. If can break the resistance at 63c with high volume, then it is on the 1st wave up, otherwise it is on 4th wave(up) of downward trend. Must check its FA.

 

i holding this counter tightly...till sell only ..at 0.80...very vested..will buy more on monday..