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Hi
just bought in Xinren today......
M-come ( Date: 07-Apr-2011 12:23) Posted:
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Just for ur view....
my thot..
ADX is going up
RSI is at 65
Aroon is positive
Is up trend n immediate resistance at 0.58
have a good day
joshua78 ( Date: 07-Apr-2011 11:55) Posted:
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I agree...
Tempting to stay also... cause now looks a little like consolidation before huge volume again?
M-come ( Date: 07-Apr-2011 11:52) Posted:
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Think possible to up....
but if other counter more safety than..... n up too
may consider change to.....
this is my way to trade....
joshua78 ( Date: 07-Apr-2011 11:43) Posted:
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Better take profit, market up the last 6 days and with the China Co's having trouble keeping their books right, I don't know who will be next. BEWARE the market darlings......
Just a thought, looks like there was a huge volume on tue. Up still possible? If not i also let go today.
Think listen to Sifu Cat. is right, Xinren sold today........
From Today newspaper. China Enersave is next??????????
hlfoo2010 ( Date: 06-Apr-2011 10:57) Posted:
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Xinren hit resistence at 0.52 for 2 consecutive days. if it cannot crack that level, it could potentially retrace and find normacy at it's moving average lines.
http://sgsharemarket.com/home/2011/04/xinren-aluminium-at-resistence/#title
China Kangda's auditor raises doubts on ability as going concern!
What is this ??? one more????
yummygd ( Date: 06-Apr-2011 10:42) Posted:
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ya i also spent weeks trailing this counter den s cheats came out n i see wah chaim same auditor n same chinese company den tell myself no sure thing better step away....ai ya not zai enough
warrenbegger ( Date: 05-Apr-2011 15:59) Posted:
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Gd morning Bintang Sir, just read yr posting. No worry. Thanks for yr advice. May u have a lovely day. God bless.
0215 GMT [Dow Jones] Xinren Aluminium (MN5.SG) rises 4.1% to S$0.510 in heavy volume of 40 million shares after the China-based aluminium producer says it has entered into sale and purchase agreements to acquire 100% of the equity interest in two China smelting plants, Liupanshui Shuangyuan and Yichang Changjiang, for considerations of approximately S$38.54 million and S$46.71 million, respectively. " This acquisition is very good for the company in terms of valuation because we had discounted the valuation before due to the indirect ownership of these two plants, so this is good news, although I have already reflected it in my target price," says DBS Vickers analyst Lee Eun Young. She maintains her Buy rating with a S$0.76 target price, which she raised around 10% in mid-March, when Xinren announced these plans. Xinren says the acquisitions will be financed by internal funds and external bank borrowings, and it has adequate working capital to meet its present operating requirements. The company in October raised S$96.1 million in its Singapore IPO. (matthew.allen@dowjones.com)
(END) Dow Jones Newswires
April 04, 2011 22:15 ET (02:15 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.
warrenbegger ( Date: 05-Apr-2011 15:59) Posted:
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0341 GMT [Dow Jones] STOCK CALL: DBS Vickers raises Xinren Aluminium (MN5.SG) target price to S$0.76 from S$0.70 and keeps its Buy recommendation after the China-based aluminum producer announced it intends to acquire 100% of the equity interest in two China smelting plants, Liupanshui Shuangyuan and Yichang Changjiang, for an aggregate consideration of no more than CNY442.4 million, financed by internal funds the total smelting capacity of the plants, currently owned by group majority shareholders the Zeng family, is 275,000 tons. DBS Vickers analyst Eun Young Lee says " we believe the valuation discount should narrow going forward given that the reason for the discount was its indirect ownership in the two smelting plants, its major revenue-generating assets." The new target is pegged at 9.5X FY11 P/E, reflecting the transition to direct ownership, which translates to 7.2X FY11 EV/EBITDA and 2.5X FY11 P/BV. The new target is also benchmarked at a 20% discount, against 25% previously, to the weighted average of its global peers. The stock is +2.3% at S$0.455. (matthew.allen@dowjones.com) (END) Dow Jones Newswires March 13, 2011 23:41 ET (03:41 GMT) Copyright (c) 2011 Dow Jones & Company, Inc. |
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tea444u ( Date: 05-Apr-2011 13:03) Posted:
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Arggg... Forgot to upload XinRen!!!
alexchia01 ( Date: 05-Apr-2011 13:28) Posted:
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That time when dip to 430+ i want to load but scare. Debt so high with china control bank reserve, anything happen management all need to go sell backside liao. And with S-cheat 3 scandal in a row, so i just forget it and jump into mac.
tea444u ( Date: 05-Apr-2011 15:01) Posted:
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high debts this one? how still ok? me worry remember ferrochina?not that it will happen here but any experts can advise?
XinRen seems likely to goes higher.
A lot of BBs Buy Up till now.
I'm giving it a shot...
tea444u ( Date: 05-Apr-2011 13:03) Posted:
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can still buy now or wait? anyone can advise? thanks