Pine Agritech   

Capacity expansion

Oh, kim eng does a review on this counter. lol, didnt know that, guess it is too late liao. those ppl who enter earlier win big big. Still can buy but got to hit and run plus the risk is higher thus not my cup of tea.

Last 2 month ago, i was pondering either this counter or EZRA. Took EZRA in the end coz got CD, so thought safer but abit regret now... lolz

thus my take is to buy EZRA instead and help me push the price up... :-)

Pro: Marine Industry - currently hot industries, With NOL on the uptrend, may help to push it up as EZRA is quite mistaken as another shipping counter. Lolz

Con: low volume, just XD of bonus shares

EZRA target $3.7,  S/L $2.1

 

Kim Eng has a price target of $3. Agree with cashiertan that it's overbought. Think not much upside and unlikely to reach $3 target.

 

This counter should be bought at 1.60+ region where accumulation starts. however it may still go up another 50cents but that is pretty unlikely. now it is at a pretty overbought and hight level. i believe there will be a major correction soon.

 

Pine Agritech secured strong orders for health syrup, SOS, worth RMB429 m to be delivered in second half of FY06. Has a minimum order commitment about RMB700 m per annum from 2007 till the expiry of master distribution rights. This will have a positive impact on FY06 performance. SOS is the company's highest margin product. By the end of this year, it's almost certain that SOS will become its main profit contributor.

 

Yes, the low volume is a little worrying. But I think it could reach around $2.50. Make hay while the sun shines.

 

Although this stock's price is on the uptrend, the low volume is a little worrying.

There's a chance a trend reversal should come about in the next few days.

 

It completed capacity expansion of 2 core products in Jun '06, ahead of schedule. The expansion was to be completed in 2H '06, but was brought forward to meet rising demand.

This will result in a higher profit. Full story at: SGX.