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Aiya.. Sinomem lau sai along with the mkt... hmmmm,wonder if the company can convert the sai into renewable sai energy???
Mr. Market is not in a good mood....
Mr. DOW ended lower -158.71 last Friday OMG!!
Naturally, Mr. STI is down -23 too.
battouchai, I don't working there....cannot comment leh.
maybe employee have other perks....double digit increment haha!!.
company is growing, there must be something to retain talent and staffs.
Happy Trading,
Hi Dragonpnk
If I am the employee, i wld say "What... no bonus this year!"hahaha
Thanks for the chart
Granted Option price: S$0.591.
Exercise period: 23 April 2011 to 22 April 2015.
Read on ...... Employee share option grant
Today's stock price is rather close to option price.
Hence, directors have to ensure company performs and push up the stock prices in order for them to cash out huge profit.
Future prospect for the water industry is very positive....esp those serving China.
Read on ...... Water and wastewater by region
With the huge drop yesterday, many would have load up on "more attractive" stocks.
Think investors are concentrating on more volatile and higher momentum stocks today.
Price will move if it catches investors eyes again.
Agree with you (battouchai) that better than expected earnings or "surprise extra dividend" would be a plus for this counter ;p
Hi dragonpnk... hopefully sinomem will gather steam and report better earnings.
Great news! Battouchai. Thanks for sharing.
AGM 3pm today. Dividend = 1cent per share (1.67%) based on 0.60.
Market is recovering from yesterday's sharp drop.
Not much trading volume, this morning. Upside potential remains.
MorganStanley just up HangSeng 2010 tgt to 26193 vs 25716 ...cheong arr!!!!!!!!!
Alas, upwards momentum is broken by market.
STI -40.9
Dow -213 !! OMG.
From its annual report, yes, Sinomen is declaring dividends.
Tested the 0.63 level this morning and retreat back to 0.615.
Strongly believe there will be another attempt at this level soon, supported by strong volume. If it cross the 0.63 resistance, we should be looking at 0.73 (52 week-high). Historical high was at $1.64.
AGM 29 Apr. This counter would reports its full year financial result (positive profit/revenue $$$) and dividend $$ ??
Up a bit today... anyone know if any news? Cheers
True. Immediate resistance level = $0.60.
This level is being tested this morning and after lunch.
If it crosses 0.60 and resistance level = new support level, further upwards movement likely.
Have to keep a close watch on this counter. STI is up 12 points, a good sign.
However, moderate trading volume ~2M.
Happy trading,
need to cross the S$0.60 resistance first.
AGM coming up this week. Would anticipate higher trading activities for this counter.
Stock opened higher this morning - $0.60.
Would be exciting to see a repeat of 8-14 Apr rally.....will see how it plays out.
Happy trading,
Trending lower.......close to support level which could raise investors interest.
Watch out if it crosses the support line.
Downtrend or Pull-back prior to uptrend.
From yesterday's performance, it looks like the counter in experience a pull back to a 10d MA line.
Need to observe if it will pull back below the 10d MA line, today. An important milestone.
Based on the past 3 days data, it does indicate formation of uptrend movement but no confirmation through price and volume.
MACD histogram points downwards but MACD line remains above signal.
AGM (29 Apr) is coming up and, usually, there would be upward price movement prior to that event....given that it would release a positive earnings.
Next factor, as always, is STI performance today.
Happy trading,
Thanks for the update.
dragonpnk ( Date: 21-Apr-2010 09:04) Posted:
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Short term, this counter is on the down trend. MACD histogram seems to suggest this.
Long term, trend is pointing up.
Long term resistance $0.63 and support $0.565.
Projected resistance @ 0.605 and support @ 0.580 for today. Watch out if any of the level is broken.
RSI: counter has moved away from overbought (>70%). At 50%-70% level, which signals a BUY.
MACD: Remains above the signal line.
Vol: Increasing trading volume trend. Alas, stock did not close higher yesterday.
STI up, higher volume, higher closing price --> turning point could be within sight.
Tuesday and Wednesday stock performance is important in establishing a new upward or downward trend.