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I believe its is " market forces" .
BUY in anticipation and SELL on news...in the short term.
Cheers.
What happen to qingmei good profit but price going down when sti green green...........
RESEARCH ALERT-CIMB initiates Qingmei with buy rating
SINGAPORE, Feb 6 (Reuters) - CIMB initiated coverage of Singapore-listed Chinese sports shoe maker, Qingmei Group Holdings Ltd
By 0400 GMT, Qingmei shares were around 4.4 percent higher at S$0.168. The company's shares fell 55.6 percent last year.
STATEMENT: CIMB said Qingmei is " a steal at current price" due to its high net cash level of S$0.141 per share. The firm also offers an attractive dividend yield estimated at 14.3 percent for the fiscal year ending June 2012.
The broker said demand for sports shoes in China will likely remain high, helped by government efforts to promote sporting activities. It quoted research firm Frost & Sullivan, which predicts 16.1 percent annual growth in China's sports shoes market from 2010 to 2015.
SINGAPORE, Feb 6 (Reuters) - CIMB initiated coverage of Singapore-listed Chinese sports shoe maker, Qingmei Group Holdings Ltd
By 0400 GMT, Qingmei shares were around 4.4 percent higher at S$0.168. The company's shares fell 55.6 percent last year.
STATEMENT: CIMB said Qingmei is " a steal at current price" due to its high net cash level of S$0.141 per share. The firm also offers an attractive dividend yield estimated at 14.3 percent for the fiscal year ending June 2012.
The broker said demand for sports shoes in China will likely remain high, helped by government efforts to promote sporting activities. It quoted research firm Frost & Sullivan, which predicts 16.1 percent annual growth in China's sports shoes market from 2010 to 2015.
Seriously, what is happening to this stock? Been on a downtrend since it announced its dividends...any advice?
Is it a good buy?
Very tempting leh..
I too am wary of S-chips, but this professor thinks S-chips overly discounted:
BRIAN R. TAN: Insights into an investor who is an asst professor
The title oredi said so.....High Yield stock liao.
Why so many of U didn't listen to me one, so sad.
Even some of my friend also don't listen to me, some of them lose 50%++ in S-chip still holding, faint. Zzzzzz
I warn and warn, and all of U keep buying and buying. God bless your pocket, good lucky to U all...
I so tired of warning and warning liao, just let them all burn pain pain la.
The arts of greeds turn all into blind sotong...
mooo000 ( Date: 21-Nov-2011 15:51) Posted:
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High Yield Stock
Buy for Dividend?
just wondering,what happen to this stock ah?
tot it was one of the better s-chip, long time no monitor, come back see see, drop to 13 cents le
ok i try to get at 17 tomolo..who know ..i lucky..heehee
Yea agree :)You might win the battle?
warrenbegger ( Date: 15-Oct-2011 00:10) Posted:
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anyone can tell ex cd date,,,,,,,,,,,,,,,
starting lai liao
hi there ...actually it is more than 2 cents...around 2.6 cents i think....btw ...the annual report looks good and i called the singapore contact for qingmei ...he say this one is a growing coy and auditor clear finances liaw.... this fyi ni..i think i haf to get more...if i can get at ard 18.
what means i want to be COMMANDO???
Summers3 ( Date: 15-Oct-2011 08:47) Posted:
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Hey I am in this too. Understand got 2 cents dividend. Share under control it seems.
U want to be commando just collect lor :)
tea444u ( Date: 15-Oct-2011 00:06) Posted:
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think below 19 still ok to collect ?can anyone advice? thank u
it go down and it will come up again,good company is good for us to follow up bet,im wonder who buy over chairman stage,so think again is good let,dont say or tell who is buyer,,,,,,,,,,,,,,,,,,let them do their job, we just buy keep wait and laugh all the way to bank,,,,,,,,,,,,my another counter abolone run up liao,,,,,,kkk fund again no sure,,,,,,,,,,may be
oh no...missed buying again at lows...pui pui pui.