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China Gaoxian - Investment merits and risks

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zhixuen
    15-Feb-2011 09:37  
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don't know how many peoples die because of Gaoxian. Next time don't chase high

Masterlim888 : buy on dip buy on dip load up before you left out~

 
 
 
wishbone
    15-Feb-2011 09:33  
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This one seems to be keep dropping after the listing in Korea.

Sigh!!!

Smiley 
 
 
GuavaXF30
    15-Feb-2011 09:28  
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DON'T BUY ANYMORE! CANNOT AVERAGE.  I PAID HEAVY PRICE DOING THIS BEFORE.  NO BOTTOM IN SIGHT. EVEN 0.27 MAY NOT HOLD NOW!!! 

teeth53      ( Date: 15-Feb-2011 09:05) Posted:



For a start, today morning trade--oredi so bad liao....bot up from willing seller @0.285c. Volume-1,117,000 million changed hands, now trading  @0.280c.

Time Last Volume Bid/Ask
09:03:44 0.280 Volume - 680,000 B

 

 
teeth53
    15-Feb-2011 09:05  
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For a start, today morning trade--oredi so bad liao....bot up from willing seller @0.285c. Volume-1,117,000 million changed hands, now trading  @0.280c.

Time Last Volume Bid/Ask
09:03:44 0.280 Volume - 680,000 B
 
 
GuavaXF30
    15-Feb-2011 09:04  
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Sorry, 0.285 broke earlier than I thought. Next level of .27 likely now...

GuavaXF30      ( Date: 15-Feb-2011 08:42) Posted:

Yes, I see this too. But not safe to short also. Mid-term definitely will go down further, but may see inter-day rebound. Still, exercise discipline. Rebounds won't last.

teeth53      ( Date: 14-Feb-2011 23:52) Posted:

Support @ 0.29c will soon break down...soon then expected. wishes all traders/punters, happy trading


 
 
GuavaXF30
    15-Feb-2011 08:42  
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Yes, I see this too. But not safe to short also. Mid-term definitely will go down further, but may see inter-day rebound. Still, exercise discipline. Rebounds won't last.

teeth53      ( Date: 14-Feb-2011 23:52) Posted:

Support @ 0.29c will soon break down...soon then expected. wishes all traders/punters, happy trading.

teeth53      ( Date: 14-Feb-2011 21:18) Posted:

Would be sellers was dying to come out of their losing position at every turn, sell into strength  and cut lost.

(Buy/Sell/Hold or let go) It a very personal choice.


 

 
hpong5
    15-Feb-2011 07:28  
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BBs are dumping everyday in thousands of lots. Lack of interest from retailers. BBs play between themselves from now on.

teeth53      ( Date: 14-Feb-2011 23:52) Posted:

Support @ 0.29c will soon break down...soon then expected. wishes all traders/punters, happy trading.

teeth53      ( Date: 14-Feb-2011 21:18) Posted:

Would be sellers was dying to come out of their losing position at every turn, sell into strength  and cut lost.

(Buy/Sell/Hold or let go) It a very personal choice.


 
 
teeth53
    14-Feb-2011 23:52  
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Support @ 0.29c will soon break down...soon then expected. wishes all traders/punters, happy trading.

teeth53      ( Date: 14-Feb-2011 21:18) Posted:

Would be sellers was dying to come out of their losing position at every turn, sell into strength  and cut lost.

(Buy/Sell/Hold or let go) It a very personal choice.

 
 
iPunter
    14-Feb-2011 22:13  
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Maybe they saw this?   Click

No wonder textile stocks  are at low PE ratios... Smiley
 
 
teeth53
    14-Feb-2011 21:18  
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Would be sellers was dying to come out of their losing position at every turn, sell into strength  and cut lost.

(Buy/Sell/Hold or let go) It a very personal choice.
 

 
krisluke
    14-Feb-2011 20:45  
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that time, cimb gone to korea holiday for road show i watch SBC 8 news reported bird flu...

last week (forget which day), i watch TCS 8 news reported korea got cow flu...

so, links up the story, got any co-relation? maybe the bound will be in 2nd quater

hpong5      ( Date: 14-Feb-2011 20:23) Posted:

kdr side also jialat

GuavaXF30      ( Date: 14-Feb-2011 15:41) Posted:

0.285 by end of this week. Trending down slowly but surely...


 
 
hpong5
    14-Feb-2011 20:23  
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kdr side also jialat

GuavaXF30      ( Date: 14-Feb-2011 15:41) Posted:

0.285 by end of this week. Trending down slowly but surely....

dragoncloud1988      ( Date: 14-Feb-2011 15:30) Posted:

Nope is getting murdered as usual


 
 
GuavaXF30
    14-Feb-2011 15:41  
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0.285 by end of this week. Trending down slowly but surely....

dragoncloud1988      ( Date: 14-Feb-2011 15:30) Posted:

Nope is getting murdered as usual

 
 
krisluke
    14-Feb-2011 15:34  
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fibre business  historical low  PE. I prefer china taisan, pennies for punting.

my view.
 
 
dragoncloud1988
    14-Feb-2011 15:30  
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Nope is getting murdered as usual
 

 
Hulumas
    14-Feb-2011 15:07  
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The correction starts!

crclk15      ( Date: 14-Oct-2010 00:35) Posted:



Merits: Carved a niche in its premium differentiated polyester sector where its results are growing even during the slump in the textile industry in 2009. Cheap valuations at around 3.2x FY10F PE. Likely to get a re-rating post approval of Korea Dual listing (Korean textile companies are trading at trailing PE >10x and Gaoxian would be the largest company in terms of rev and profitability). More pronounced growth in FY11 as most capacity expansion would have contributions in FY11.
 
Risks: Hiccups on its aggressive capacity expansion, albeit unlikely as mgmt is doing the expansion via stages. Derail of dual listing on Korean stock exchange which is unlikely too as mgmt exudes strong confidence that this should be carried out smoothly with a timeline of around 6-9mths. Furthermore, they just got listed on SGX in Sep 2009 so more likely than not, they have passed a lot of stringent tests by SGX. Korea dual listing should be no obstacle to them. Aggressive capex may limit the company to pay good dividends.

Do visit my blog at http://ernestlim15.blogspot.com/ . I can be contacted at crclk@yahoo.com.sg

 
 
crclk15
    14-Oct-2010 00:35  
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Merits: Carved a niche in its premium differentiated polyester sector where its results are growing even during the slump in the textile industry in 2009. Cheap valuations at around 3.2x FY10F PE. Likely to get a re-rating post approval of Korea Dual listing (Korean textile companies are trading at trailing PE >10x and Gaoxian would be the largest company in terms of rev and profitability). More pronounced growth in FY11 as most capacity expansion would have contributions in FY11.
 
Risks: Hiccups on its aggressive capacity expansion, albeit unlikely as mgmt is doing the expansion via stages. Derail of dual listing on Korean stock exchange which is unlikely too as mgmt exudes strong confidence that this should be carried out smoothly with a timeline of around 6-9mths. Furthermore, they just got listed on SGX in Sep 2009 so more likely than not, they have passed a lot of stringent tests by SGX. Korea dual listing should be no obstacle to them. Aggressive capex may limit the company to pay good dividends.

Do visit my blog at http://ernestlim15.blogspot.com/ . I can be contacted at crclk@yahoo.com.sg
 
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