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based on TA, 0.12 is the 1st resistance point. follow by 0.15-0.16 is 2nd level resistance. After these 2 points will be 0.25 liao. Which I tink by then maybe mkt more stable liao, so hitting that mark is surely possible.
Alligator ( Date: 23-Mar-2009 12:47) Posted:
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hi freeme, dun mind let me know how u set 0.12 tp?
thanks
Andrew ( Date: 21-Mar-2009 08:14) Posted:
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freeme ( Date: 20-Mar-2009 16:02) Posted:
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Probably not this week, I will let triple witches pass first.
When I sold mine @71cts, well, any price is good price now........
freeme ( Date: 18-Mar-2009 10:18) Posted:
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Andrew ( Date: 18-Mar-2009 00:32) Posted:
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I wish you good luck and it is so cheap now, maybe can make some money after all.....heeee
Just read up their announcement, UOB ASS SET Management has 4.9% of shareholding.......just wonder how much did they screw their unit trust holder......did they have the Cina Plastic and Rubber Fund ???
The next posting I saw was titled : Response to Shareholders' Enquiries . Attached with a PDF file :
a) No company letter head
b) No sign off party
c) The way it was written, the tone is simply no right, rather negative.
Was vested.
freeme ( Date: 17-Mar-2009 17:36) Posted:
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DMG wrote this recently in their report. Here are the abstract:
We are not convinced
4Q08 was the silver-lining.
chemical fibre players, emerged with the best set of results for the quarter. Whilst
peers like Li Heng and China Sky had their earnings eroded due to weak
demand and tumbling chemical prices, Sino Techfibre’s financial performance
stuck out like a sore thumb. Even Fibrechem, a fellow synthetic leather player,
was suspended from trading recently, with reports that balance sheet items were
not authentic. This may have been linked to the rapidly deteriorating operating
environment in 2H08 on chemical fibre businesses.
No Div paid despite good results ?
Biz: mainly PU synthetic n microfibre synthetic leather, small portion on paper moulding paper.
FY08 ended Dec last yr, earnings fell even as revenue stayed flat, as a result of decreased margin, higher expenses n taxes. Co expects 1Q 09, end ds mth, profit n margin to be affected by reduced demand n price pressure on PU n Micro pdts. Only 1H 08 of 1 cts RMB was given. FY 07 given 6cts RMB.
Generally, we hv not much transparency on d operating status n up to date financial situation of d local coy, in PRC. When d news passed to us, it could be a belated ones liao. At times , we only can rely on news related to d local industries n latest policies affecting d industries, released by d central gov.
Yesterday Zaobao had mentioned why most of d S shares are under R. And it is not surprise that coy reluctant to give div, as previously. Its mainly to keep cash to boost their base opt cap loh.
FYI only.
hey guys i need your help !!!!!!!
please shed ur views on this stock !!!
I am planning to buy 100lots @ 0.170 on monday when the market opens .
anyone vested ? any news on this one? is it a good buy?