Immediate resistance is $0.155 (50% Fibonacci Retracement Level) and $0.16 (200D MA). Breaking above $0.16 will make China HongXing to be bullish again. Now already reach %0.16. what is next resistance price. Anybody could comment?
Wondering how many of you who own hongxing shares had bought hongxing's apparels to wear. I don't own hongxing shares but i wear its apparels. I think its apparels are as good as nike's, and affordable too.
BB is out to profit from other people. They have pro-trader installed and they know who contra, who bot big. Once these people sold at a loss and give up, BB then start buying in.
siaolala ( Date: 25-Jul-2010 12:43) Posted:
Whats up with this counter anyone? suddenly became so active on friday..
How to when their directors are not buying, and top shareholder selling!! more shares coming into the market.
Money isnt put to good use at all.. Idling in bank doing nothing.. net cash is way above their stock value yet director not even buying a single share from the market.. RUBBISH!!!
The AWD Group believes the £16.7m JP Morgan
Global Consumer Trends fund is a suitable long-term holding for client
portfolios, given recent consumer data on global trends.
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Justine Fearns, research manager of the AWD Group, said: “This fund
is playing to long-term themes such as the emergence of the middle
class in emerging markets.
“The fund is buying into strong global brands and as a long-term holding. It has got a lot going for it.”
The manager of the fund attributed its strong returns to emerging markets’ growing demand for western consumer products.
The fund has returned 40 per cent since launch in April 2010,
compared to the MSCI World Index’s 9 per cent growth over the same
period.
Peter Kirkman, fund manager, said the increasing trend towards
higher living standards, urbanisation and changing consumer patterns
among the middle classes of emerging economies, such as India and
China, was driving the demand for consumer goods.
With the global urban population expected to increase from 3bn today
to 5bn by 2030, this meant that consumer demand for processed foods,
hygiene products and affordable clothes would continue to grow,
boosting stocks such as China Hongxing, a clothes store chain.
Another trend was increasing longevity in developed countries –
especially Japan where the percentage of retired people in the
population is expected to soar from 30 per cent in 2005 to 50 per cent
by 2020 – benefiting companies such as Zimmer which provides hip and
bone therapies for the elderly.
The global aspirational trend towards better health and wellness
would drive demand for stocks providing basic foodstuffs and hygiene
products, such as nappies.
CHINA HONGXING RECEIVES RMB504 MILLION ORDER BOOK IN TRADE FAIR
Singapore, 26 May 2010 -- China Hongxing Sports Limited (“中国鸿星体育有限公司”)
(“China Hongxing” or the “Group”) has received an order book with approximately RMB 504
million worth of orders secured at the 2010 Autumn/Winter Collection trade fair, held in
Xiamen in early May 2010.
The May trade fair has drawn strong interest from more than 2,300 participants, boosted by the
introduction of approximately 290 new footwear models and approximately 400 apparel and
accessories designs. The order book of RMB 504 million represented a 14.5% increase as
compared to that held in May 2009.
Mr Wu Rongguang (吴荣光), Chairman and Executive Director of China Hongxing, said, “We
are pleased with the level of orders received at the trade fair, which enhance our overall order
book in FY2010. We will carry on with monitoring the market and keeping ourselves abreast
with the changes in the macro environment to ensure we are able to react swiftly to them. ”
Demand for China Hongxing’s footwear accounted for approximately 49.0% of orders, with
apparel and accessories products accounting for the rest. Delivery of these orders will take place
from October to December 2010.
The Group will ensure that its existing operations are on track for recovery in the challenging
market condition.
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