ChinaPreci   

Good buy

I agree with cashiertan on averaging... basically don't do it. Don't keep betting on a horse that's losing.

Anyway, for this counter, trend a little unclear but seems like its on a downtrend.

 

Nostradamus Sir and Cashiertan, thanks for your advice. God bless. 

 

maybe nostra is rite for your case since everyone have diff styles. some dun like to cut lose but for me, i am the those that cut lost and invest in other counters.

i dun encourage ppl to average down coz it breeds bad habit of not reacting to mistakes and drag the $ deeper into red. i rather recommend one to enter the same stocks again when it has bottom out. u will earn more in the end. can do the maths to see if i right or wrong. 

 

Good evening elizlow. This counters seems to be consolidating in a triangular pattern. Not much upside in short term. Medium term should be better. Suggest you average down at $0.355-$0.36.

 

this counter i used to hold too. cost me some $. lolz

TA doesnt look good. nxt support level is 0.35/6.

it dip below 20/50 day sma but good news, it is resting on 100days sma. but that doesnt mean it wont dip further.

if it does move below 100days sma. expect price to move to 0.35.

 

Good evening Nostradamus Sir,   I bought China Precision at 0.40 before I left for overseas.   I was shocked to know that it has dropped to 0.38 after my return last night. It appears that I have to cut loss on this counter.  Appreciate yr advice, please. Thanks.

 

As mentioned...good buy

 

Where are the big boys?-the counter is in the red today. Needs PDE5 inhibitors to go up.

 

Yup...should sell off some to make profit ( Short term) but i will cont to hold till it hit $0.50 which in my opinion will come soon.

 

For China Preci, there is a sign of reversal from recent activity. may go up but sell some at 42.5 to take some profit.



Good Luck

 

in a downtrending market, 90% of the counters will go down whether who the shareholder is. even temasek cant stop the downtrend what do u think?

in stock market, it is better to be conservative than speculative.

 

Is it good buy or goodbye? May need PDE5 to last another day even though oversold.

 

Quite balance today. But big boys coming in soon

15:39:02	0.395	12000	Buy Up
15:32:25	0.395	8000	Sell Down
15:30:23	0.395	17000	Buy Up
15:29:54	0.395	8000	Buy Up
15:28:13	0.395	15000	Buy Up
15:21:37	0.395	20000	Sell Down
15:21:34	0.395	3000	Sell Down
15:21:14	0.395	50000	Sell Down
15:20:48	0.395	100000	Sell Down
14:46:52	0.400	100000	Buy Up
14:35:35	0.400	50000	Buy Up
14:27:18	0.400	19000	Buy Up
14:13:37	0.400	1000	Buy Up
14:13:04	0.395	12000	Buy Up
14:12:58	0.395	100000	Buy Up
14:12:55	0.395	35000	Buy Up
14:12:33	0.395	40000	Buy Up
14:12:03	0.395	100000	Buy Up
14:12:00	0.395	80000	Buy Up
14:10:36	0.395	20000	Buy Up
14:10:19	0.395	50000	Buy Up
14:09:24	0.395	20000	Buy Up
14:05:14	0.395	3000	Buy Up
14:01:33	0.390	115000	Buy Up
14:01:30	0.390	30000	Buy Up
14:01:17	0.390	30000	Buy Up
14:01:15	0.390	100000	Buy Up
14:01:14	0.390	50000	Buy Up
12:05:34	0.385	15000	Sell Down
12:03:16	0.385	10000	Sell Down
11:16:53	0.390	25000	Buy Up
11:16:23	0.385	30000	Sell Down
10:15:34	0.385	10000	Sell Down
10:05:25	0.385	20000	Sell Down
10:05:07	0.385	20000	Sell Down
10:04:22	0.385	20000	Sell Down
10:02:47	0.385	20000	Sell Down
10:00:20	0.385	25000	Sell Down
09:56:30	0.385	100000	Sell Down
09:29:00	0.390	5000	Sell Down

 

I seriously don't think it will go down that low unless big boy lets off the 20% share that it is holding. Do not forget that JTIC is holding a piece of the cake. For considerations

 

if u guys really keen, maybe come in later bah. it looks to break 0.39. once break, it is down to 0.370 and 0.355. if wanna come also come back at 0.355-0.37. Chart dun look good now.

 

Vested...

Seems good prospect... But Agreed that this counter should be a mid or long term investment...

 

Seems to be moving up. In my own opinion, still a good stock with a prospect of hitting $0.60.

 

Hi, would u like to elaborate on the indicators pointing south? What indicators?

 

on the down trend with so many indicators pointing south. however, i will buy at 0.32 level if it adjusted there. lolz

 

China Precision Technology (CPT) manufactures electro-mechanical components with core competencies in metal stamping, plastic injection moulding and diecasting. It specialises in non-electronic components used in tuners, which accounted for 80.4% of sales in FY05. It has four production facilities in China at Ningbo (Cixi City), Suzhou, Wuxi and Dongguan.  
   


Digitalisation boosts demand for tuners. CPT supplies tuners to global giants such as Sharp, Panasonic, LG, Thomson and ALPS. The transition from analogue TV to digital TV will lead to increased demand for tuners projected to expand at CAGR of 15-20%. Set-top boxes require two or more tuners to receive digital signals from different broadcast medium such as satellite, Internet and cable.  
   


Building up diversified revenue streams. CPT has diversified into the telecoms, automotive and office automation industries. Contributions from new non-tuner businesses will expand from 19.6% of sales in FY05 to 36.4% in FY08 driven by:  
   


New products well received by customers. CPT has successfully cross-sell new products to Sharp (DVD pickup and FPC connectors) and Thomson (FFC connectors, HDMI connectors and smart card connectors). It has also secured orders from new customers Fuji (components for digital camera), Ningbo BIRD (mobile phone shielding case) and Amphenol (mobile phone antenna).  
   


Riding on booming automotive industry in China. CPT provides electroplating services for automotive components for Dongfeng Nissan and Dongfeng Honda. The number of passenger vehicles has risen 22.8% to 21.3m units in 2005. CPT will benefit as Dongfeng Nissan and Dongfeng Honda expands production capacity.



UOB Kay Hian has a price target of $0.54.