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Nomura Equity Research
Biosensors’ share price corrected 8.9% on high volumes. We believe the
pullback is overdone and continue to recommend a Buy for the stock.
We analyse some of the possible reasons for the pullback:
A news report – “Biodegradable Stent Safe for Long-Term Treatment
of Coronary Artery Disease”, Globe Newswire, 16 Apr 2012 –
highlighted the viability of biodegradable stents for treating coronary
artery disease. The idea of biodegradable stents is not new. Indeed
back in January 2011, Abbott Labs received approval from the EU for
its biodegradable ABSORB stent with the company looking to
commercialize it in late 2012 or 2013. Meanwhile Abbott is doing
further trials to support the marketing of the stent.
Concerns about the impact of the 14% ASP cut in Japan for DES this
month. This is not new news and had been well flagged by analysts
since February.
The impact of Abbott and BSX’s new stents in Japan. Again this is not
new and has been well flagged as a potential risk. However we believe
that Nobori will be able to hold its own against the new stents given its
strong clinical data.
Consensus earnings being too high for FY13. We had highlighted this
earlier and analysts have been lowering their numbers over the past
couple of months.
We believe the share price pullback does not relate to new news and
perhaps is an over-reaction. On the other hand, the news of the DES
tender in Gansu was better than expected. The new tender price was cut
by less than 5%, which is much better than the market expectation of 15-
20%. Gansu is the first province to announce the new tendering price for
drug eluting stents (DES) this year. Although Gansu is not a major
market for DES, their better-than-expected tendering price for DES may
be a positive signal for the government to ease the pressure to cut
prices. Please refer to note written by our China healthcare analyst for
more details — “China health care - Daily pulse: 17 April 2012”.
We maintain our Buy rating with a target price of S$1.84.
Good to see everyone is acting like gentleman..never good to fight. Everyone has their point of trading and I wish everyone GOOD LUCK whether they are long or short.
chanting ( Date: 18-Apr-2012 13:14) Posted:
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1.46-1.46 stalemate for the past hours. It goes up to 1.46 level only to get knocked down solid to 1.45s
The rich/powerful at play. Just wonder how long it'll go on though.
I hope it can be same at your side....
"Agreed with your view but need to be gentle in language used. "
BB?
That's true. Guess it might be what someone said as well, after lunch either bargain hunters/short covering or this stock will continue to get manipulated downwards to 1.4-1.45 levels.
Agreed with your view but need to be gentle in language used.
Current firewall at $ 1.455 with quite massive road block installed by BB. Need another gp of BB to break it.
chanting ( Date: 18-Apr-2012 11:36) Posted:
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You're investor that holding on long term while we are speculators / traders so which way its goes I really dont care, as long as we make $ in market and that's the most important....
infancybird ( Date: 18-Apr-2012 10:48) Posted:
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Seems to be trying to break through mid 1.4s but weak.
If you notice the warrants (structured ones) you will see that one of the calls have exercise price of $1.45 and another one at $1.65 expiring date in October and Sep respectively.
The issuer of structured warrants are big timer bbs, powerful enough not to allow the share price exceed the exercise price, so that they can milk the market efficiently. If they cannot control, they will be like Lehman Brothers going down. So that's why I don't like Structured warrants and companies who allow their company names to be used without legally demanding for royalties.....
sinisteral ( Date: 18-Apr-2012 10:49) Posted:
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I think most would've sold rather than bought.
It's being aggressively traded now and yes, this whole thing smells like manipulation more than news.
stocksburntme ( Date: 18-Apr-2012 10:44) Posted:
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Great, we are finally on the same term and view. Cheers
chanting ( Date: 18-Apr-2012 10:16) Posted:
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super manipulative. pity those who bought at opening
Now in red again. 
For sure next week we will see it.
Bopanha ( Date: 18-Apr-2012 10:14) Posted:
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Golden chance to Buy now... Loading up for the rise in coming days ahead...double my earning after earn from shorted yesterday :)..... RSI@50, stockhistic @5%... but bad MACD. An oppotunity here! My TP@ $1.54
BIG today is doing not bad at all. $1.50 soon..
maybe will close lower than yesterday...i think think only
Strong price suppression noted . BB is up to something...intention is clear....keep price below 1.50 or lower for their ``unknown to us`` ulterior motive.
stocksburntme ( Date: 18-Apr-2012 10:01) Posted:
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going down again....