Post Reply
21-40 of 207
last year they announced result on the Feb 25 2010 and proposed dividend of RMB0.0245 per share. this year possibly around the same period, so result could be next week.
teeth53 ( Date: 17-Feb-2011 13:50) Posted:
|
Today China paper attracted some buying activities, volume hit 5,086 lots with 57 no of dealing done. closed unchange at 0.150c
| China Paper | 0.150 | 0.150 | Vol - 5,086,000 | 737,000 | 0.150 | 0.155 | 1,246,000 | 0.160 | 0.15 |
attracting interest for today, maybe due to accumulation for the results?
Today. China paper seem to attract some attention, result is coming isit ?.
China Paper
3 months ended Sep 2009
Net Profit (S$M)
Current 6.16 Previous 8.10 % Change -24.0
report is out, but i dunno how to interpret.
Still waiting for it's annual report this month's end..or later
Thank you Profit, appreciate it !
Hi wait2buy member, it's MACD-H shows bearish divergence since 23/1/07, it is still downtrend till todate. It support price is 0.30 base on TA. I will wait till its MACD-H turns blue and crosses above the red signal line with high volume. I will wait and go in at 0.29. If not, the next support price = 0.285. It is just my TA analysis with MACD for sharing with you.
Caution on this one... could be downtrending.
But note that TA readings on penny stocks can be inaccurate
But note that TA readings on penny stocks can be inaccurate
Hi, any TA or info regarding this counter ? Tks !
in a bull market, good stocks/lousy stocks all RISE together... there is no such thing as who is who.
hehehee.... remember this point.
Paper result seem not so good nor new business may deem less profit to make, just my own opinion only.
Look like $0.36 is still not d px for consolidation yet due to news over plane plotters, however this stock is quite speculative in nature, down by 3cents or -7.7% with a volume of 8.55mil shares traded.
Look for another 10-12 % down and that is your profit margin.
So, avoid the stock for the time being despite the low PE, I suppose?
Profit before tax was up 21.1%. However, net profit was only up 1%. Earnings will not be great going forward, as now they need to pay tax.
Coated paper requires higher percentage of wood pulp in its production. With the hike in wood pulp prices by approximately 10% since the beginning of FY06, it has decided not to commence full scale production of coated paper until prices are favourable.
External factors such as fluctuations in wood pulp prices will continue to impact gross margins as wood pulp makes up about 20-25% of the cost of sales of its paper products. On the other hand, the fluctuations in wheat prices don't affect the wheat pulp prices as wheat pulp is manufactured from wheat straw which is sourced locally.
Fundamentals had changed! Profit margin dropped. Unless CP can pass the cost increase to customers, if not the future don't look good.
Result isit coming in next week??. money paper coming.
Just hang on to it for awhile, if volume is there paper may test $0.43 in coming week and if it surge within these few day by 2-3 cents.