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2. SunEast holdings- We had featured the stock in early February and recommended a buy near $0.32-0.33 targeting a move towards $0.40-0.42. The stock had moved to a high of $0.385 and since consolidated. Price action from July resembles that of a cup and handle formation, which suggests that an uptrend is in progress. We still like the stock as the stock appears to be well supported with little distribution. RSI indicator is also not at overbought levels. The stock gained 0.5cents yesterday to close at $0.355. We recommend accumulating the stock at $0.35-0.355 on expectation of a move towards $0.40-0.42.
dbs already initiated coverage with tgt 43c, i think... please confirm
Anyone answer to my call. This baby is just waiting to go higher. Not sure if any brokerage preparing to call a buy?
Anyone, your view
Anyone answer to my call. This baby is just waiting to go higher. Not sure if any brokerage preparing to call a buy?
Anyone, your view
Sun East?s net profit rose 98% yoy to HK$47.0m in 1HFY07. Revenue increased 69% to
HK$134.4m. Gross profit margin improved from 82% in 1HFY06 to 86% in 1HFY07, due to
the abolishment of consumption tax in the PRC on skincare products in April 2006.
Outlook: Sun East is confident that the group will remain profitable in FY2007. (Sun East)
HK$134.4m. Gross profit margin improved from 82% in 1HFY06 to 86% in 1HFY07, due to
the abolishment of consumption tax in the PRC on skincare products in April 2006.
Outlook: Sun East is confident that the group will remain profitable in FY2007. (Sun East)
Buy if u dun want to miss uptrend. Strong buy
Baby holding very well. Uptrend intact
yes, I am also monitoring this very closely... basically just waiting for the latest FY result to be out b4 deciding to shift my core holding to this. What attracted me is the high profit margin it can command, more like a recession proof industry, u know lah....even in recession, gals still spend $$$ to doll themselves up :)
but its recent venture into drinks...hmmmm....quite sceptical...
Fully vested now. Target 42c
Hi,
I am been watching suneast for the past few weeks and it seems that there were strong buyer and the price at the moment seems sustainability. It has a respectable bottomline.
Could other sun easter contribute your view?