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aiyo... 0.785... like not stopping..
Aiyo, even cheaper now.... 0.79
oh yes !! my prayer answered !! hee...79cts !!! way to go man !! :P
ayo...DEADLOCK at 81cts ?!?!?! like dat how to SHORT??!?! hello...BBs...pls do your work !!
hee....been stagnant rangebound 80-82cts for 30min or so liao leh *yawn*
:D
No more support. Historical low now.
Yup.. can see that many small lots buy up.. vs super large size lots sell down.. scary
wow..with so many uncles and aunties punting on this...i think wiser to SHORT further..hee....likely they cant hold...hee....then again i might be WRONG !! :P
who dares win !! :DD
looks dangerous still..
yes, fast rebound is expected .
from what i see is 0.8 is the support..
With such a large selldown, im punting on a fast rebound..
wat is the next support?
Just enter come lots on this counter at 0.82 :)
Sorry, not from BT, from CIMB !
Report from BT :-
Synear Food Holdings (S$1.03) - 4QFY07 results - Missing on all fronts
Below expectations. FY07 net profit of Rmb475.8m (+17.2% yoy) missed our estimate
by 16.6% and consensus by 14.4%. 4Q07 net profit of Rmb63.8m was 59.7% below our
expectations, due to lower-than-expected sales, slimmer gross margins, and an
unexpected 18% tax.
Flat top line. Topline growth was only 1.3% yoy vs. our expectation of +24.3% yoy, with
weak sales across the board. Sales volume actually fell 6.7% in 4Q07, despite stronger
seasonality in 4Q.
Gross margins narrowed. Gross margins narrowed further to 27.6% in 4Q07 from
28.7% in 3Q07, below our expectation of 30.3%. The slimmer margins were likely a result
of higher input costs, especially pork which surged past the August high in 4Q07.
Increased selling and distribution expenses. Selling and distribution expenses
continued to grow, by 14%yoy to Rmb725.2m, representing 12.6% of total revenue. The
jump was blamed on higher advertising expenditure and transportation costs due to a
higher number of distributors (604 in FY07 compared to 515 in FY06).
Cutting FY08-09 EPS estimates. The poor performance raises concerns about
management?s aggressive growth plans. We have lowered our sales forecasts, and
chosen to be more conservative in our margin estimates. As a result, we have cut our
FY08-09 EPS estimates by 17.0-19.6%.
Downgrade to Trading Sell from Outperform; lower target price of S$1.14 from
S$1.75. In view of the poor 4Q07, we have lowered our target from 15.0x CY09 P/E to
12.0x CY09 P/E, which translates into a reduced target price of S$1.14. This represents
a discount to current valuations for Hong Kong peers, but still a premium to Celestial
(CENU SP, S$0.71, Outperform, target price S$1.20) which has a significant retail
segment. Despite the 10.7% upside potential to our target price, we believe the market
will react to this set of results, resulting in near-term pressure on the share price. Hence,
we downgrade our rating to Trading Sell from Outperform.
Looks like BB stop dumping already. Is it good time to enter?
anybody knw why massive selldown??
wah target $2.19 ?!?!?! SURE OR NOT ?!?! that is almost 270% of current 81cts leh !?!?!?
hahaha....mabbe i will switch to long on this burgger ?!?! :PPPP
cheers!
0135 GMT [Dow Jones] Synear Food (Z75.SG) tumbles to lowest price since 2006 IPO after FY07 results fall short of expectations; shares down 21.4% at S$0.81. Order book shows buying support grouped at S$0.80, may provide floor for shares. Deutsche Bank says FY07 net profit of CNY475 million was 17% below broker''s own forecast as higher raw material prices ate into margins. Says weak 4Q07 performance particularly worrying as usually a seasonally strong quarter; "4Q07 results were the biggest negative surprise." But maintains Buy rating, S$2.19 target price ahead of results briefing. (KIG)
alot of contra players...lots and lots of ppl trading this counter now...all wanna earn quick bucks for a day
I think this selldown is overdone...I decided to pick up some at 81¢ which I did....to keep lah!