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.
A lot of buyers is equivalent to a lot of sellers right?
Funds are dumping over the past few weeks, but price seem to have stabilize at 13.0c though.
Do agree on staying clear of S-chips
k3n888 ( Date: 16-May-2010 20:41) Posted:
I don't understand this stock, a lot of buyers but just won't go up. Market price is actually below book value, based on valuation, book value stands above .25 cents.
A lot of buyers is equivalent to a lot of sellers right?
Funds are dumping over the past few weeks, but price seem to have stabilize at 13.0c though.
Do agree on staying clear of S-chips
k3n888 ( Date: 16-May-2010 20:41) Posted:
I don't understand this stock, a lot of buyers but just won't go up. Market price is actually below book value, based on valuation, book value stands above .25 cents.
i'm love to see this counter reach 0.25 ..but i'm curious
how does this 0.25 come to their book value although i know it's below
par now at 0.13?
k3n888 ( Date: 16-May-2010 20:41) Posted:
I don't understand this stock, a lot of buyers but just won't go up. Market price is actually below book value, based on valuation, book value stands above .25 cents.
I don't understand this stock, a lot of buyers but just won't go up. Market price is actually below book value, based on valuation, book value stands above .25 cents.
I am not vested just curious abt this counter; some audit friend from China told me compared to similiar competitor this is a better comp bcos it has it's own brand. 0.13... curious... Be your own judge though...
Post Reply
261-280 of 409
