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yup. LB looks set to chiong already.
I think LB should GAP up these few days as short-ists have to cover back already.
Vested another 50 lots at .705 to ride on the gapping up.
Cheers!
Ah good... :)
Ready, Get set... Cheong Arhhh...
But better remember to grab the profits fast before it dips!
watch this counter, coming to life soon......the next impending breakout after Midas yesterday.......likely to trigger a breakout signal within these 2 days
watch this space
No wonder Lianbeng is able to hold so well at .68 for the past few days:
http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/abbd198256ef63ca482573a7000b7108?OpenDocument
Even Tiedemann Global Emerging Markets LP is interested in LB!
Vested another 40 lots at .68 today.
Good money! lets earn together!
In the previous placement, I think LB also dropped 2 cents on the first day after Halt.
Looks like history may repeat itself again.
LB's fundamentals are strong so I think they still have lot of uptrend. Vested 20 lots at .67
Lets cheer for the dec's rally!!
For those Lian Beng supportors, you may monitor below you load. Don't dilute your hard earned money.
www.henryhts.multiply.com
Share placement again within such short period. The company use > 40% for loan repayment. Short term (1-2 weeks) time should down trend. Long term unknown. I think let's it drop further then accummolate better, why chase again its price! Why don't we see the market response together and let's time to prove it. Indeed recently, number of company sgare price drop below its pacement price.
Hi all, Here is the news, out @ 18:30 or so, 30th Nov. Placement of 35 mil. shares @ 68 cts a piece.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7D30053E81EB94BA482573A3002FE7D2/$file/2ndPlacement.pdf?openelement
I guess it is a good news considering earlier placement in Sept also resulted in improvement in the share price (. when these actually came into the market after 2nd of Oct). So, if those who hold this share or new buyers want to make some money out of this placement, we may have to wait for about 2 weeks or so or till the new shares comes to the market and let the big players determine the share price. By then, it will be just nice to announce the IR project tender outcome. (I feel, the management may already aware of this, or else why they make cash call in this way in two quick succession?).. Good luck for all ou us, the loyal LB shareholders!!
san
Dear friends,
The last time Lian Beng did a similar placement with only a slight discount on Sep 19. [B]Prices were unchanged the next day before rocketing up more than 11%. Since then, Lian Beng has not looked back and has almost doubled.[/B]
Investors should not fear a repeat of Adv SCT and China Hongxing's type of selldown post placement because this placement is [B]not even 10% of Lian Beng's number of issued shares so there is not much dilution to earnings.[/B]
Currently, Lian Beng is resting the 3 month uptrend support at 66.5 which is also the recent low so this level will provide solid support for any weakness in price.
Opportunistic kateks using CFD have been shorting and they will be seizing the opportunity to increase their shorts when trading resumes as forced selling may take place due to lengthy halt.
Do not fall into their trap, my friends! We will squeeze those kateks on the 2nd trading day after the halt!
Remember, DJ News has repeatedly hinted about the casino contract and [B]Beng had previously won a contract from Sands and their progress has been expected than expected according to ML report. [/B]With this track record and Lian Beng's solid reputation, this places them in good stead to win additional contracts
I strongly believe Lian Beng will be able to take out the resistances at 70.5 in due course!
[B]Do not forget that Tiedermann has recently increased its stake around 67.5 to 72.5 cents and ML has also been buying near the 69.5/70 cents level! [/B]
Let's kill the kateks in here!
Thank you gutman. Hope news is true and release at time when market is up. I just bought into it this morning at 68 cents !
Got this from another forum. Story goes like this :
DJ MARKET TALK: Lian Beng Halted;May Unveil Major Casino Contract
0620 GMT [Dow Jones] Lian Beng (L03.SG) halted pending announcement. According to market speculation, construction firm likely to announce it has won contract to build structure for casino, museum of Las Vegas Sands' (LVS) casino-resort project in Singapore. One person with knowledge of deal says job will be worth at least S$500 million, with work likely to start in January. Tender for job said to have closed last month. If true, stock may break current 52-week high of S$0.795. Shares last traded +3.8% at S$0.69. Lian Beng won S$58.5 million contract in August to build basement of all 3 towers of hotel for Sands' casino project.
Hi, anybody know why halt please ? Thank you.
Dear all, this counter has been unfairly battered down mostly by opportunistic kateks until the current oversold conditions...... repeatedly appear on Phillips CFD top volume for net short positions. These kateks had pushed this right down to the uptrend support at 66.5 cents yesterday. This presents a great opportunity for longer-term investors to accumulate. We are seeing signs of such accumulation today!
Remember, Lian Beng is still in the running for more IR projects which will significantly boost its order book as per ML's note. It is trading at only 9x its FY09 P/E and this will likely fall further if it secures the highly prized IR job.
Even without the IR job, we can expect further expansion of order books given the bullish construction industry........this is another SCREAMING BUY!!!! :D
Remember CIMB has TP of 89 cents and KE has TP of $1.22!!!
heard ML eating up 69.5 and 70 cents aggressively yesterday and today........something good brewing?
remember, Beng trades at only 9x FY09 earnings, FY07 is more or less historical already so valuations are being rolled forward to FY09.
Hi,
Anybody increase stake yesterday? Based on my analysis, it should cut stake and teh market sentiment is bad.
www.henryhts.multiply.com
Hi everybody,
The below is the analysis by CIMB GK Goh as mentioned by OZONE.
Please cut stake before too late....Stock market are cold blooded.
Immediate outlook:
breakdown suggests that in the short term, Lian Beng is expected to consolidate. MACD
and RSI have just issued sell signals, supporting this short term bearish view. With the
dwindling momentum, the stock would likely ease from here.
0.73. The ST target is S$0.58-0.60.
The stock fell out of its bearish wedge pattern yesterday. ThisTechnical Sell at S$0.68-Medium term outlook (2-6 months):
high of S$0.795. Last weeks? spinning top suggests that a possible top is in. This week?s
long black candle would likely confirm the peak. Technical indicators are also showing a
sign of a top as MACD has started to flatten and RSI is overbought. We think that a short
term correction could set in. LT investors looking to buy ought to wait a while longer. The
stock should find support around the S$0.55 level, followed by S$0.44 (rising 40-week
SMA). The stock needs to form a base before it can rally further.
Hi Ozone,
Do you mind to provide the details or link for everybody reference?
Thanks!
CIMB GK GOH issued a technical sell for lian beng..
target price <60c
Cut stake before too late....
hopefully it is not affected by the US market, my target of 0.80 is getting near.