Sinostar Pec    Last:0.137    -0.002

Will it be a Superstar?

for those who have vested. no point being so worried. and please stop the witch hunt and the blaming game  for who said its not bad report or watsoever. it dropped today due to market sentiment right? and please stop making people worried. you know who i am referring to. you may not have the power to depress the stock, but at least you can bring fear to people and make someone say let me sell today.haha.

 

i think u think too much.. lol

do u think we are that power enough to depress the px?  lol

it is the overall market sentiment lah bodoh..

 

its really weird why people just cant stop shooting down this stock. number one, everything that was said by the reporter, it was written in the chairman's speech. he already said everything. and then she is just copying and pasting. no analyst report or comments. number 2, today was the blood bath. i didnt deny the stock will surely fall with market sentiment. but at the last minute it actually recovered from its lowest of 0.64. which is actually quite ok. judging from what happened to jiutian which saw its profits lower. dont it mean something. come on. stop blaming whoever say what. we are just a small forum. how much selling or buying power do we even have. Compare the blood lost here with the rest of the counters? how is it? in line right? if this report was really so bad and terrible. why didnt the brokers do a sell down on this stock? honestly dont tell me you can read Charts better or you are a much better stock analyst? or you are the only right person and everyone else or majority is wrong. if there was to be a sell down. would it just have dropped 3 cents? please stop scaring all those who have vested. i am writing this cause i am starting to feel you are trying to depress the stocks so as to be able to purchase at a good price while those who vested get worried. please people. if you have already bought this stock, think of whether you want to invest long term or not? if you want to speculate then this is really not a stock for you. The 3 quarters profit is actually up year on year? why didnt you people mention? why purposely highlight all the bad things. clearly you just want to display a certain sentiment and not a fair one. are you telling me that stocks that list have no listing charges? wow. so it wont eat into profit margins. i may be wrong or right. only the future can tell. but at least if you want to say anything. bring out the full story or even dont comment. just say what you wish. unless you want to say stuff like i wish this stocks fall and so i can buy. dont give pointless comments or advise. and those people who feel they are not being fair to this stock please come out and say some stuff. stop letting them smirk about whatever they wanna say. since we have vested, we should stand behind this stock. and have full faith in our own discretion.

 

Sunvic so poor thing already you all still want to scold it..... in other counter thread somemore!!!!

Those that miss out on IndoAgri can consider QianHu. Sunvic not ready to cheong yet.

 

IndoAgri so overbought already. Dangerous to buy at this level wait become IndoUgly when it comes tumbling down.

 

Better switch to indoAgri. Doesn't matter what type of news being reported, Dow or Sti up/down. IndoAgri price keep on going up.

 

looks like not going below 60cts today...strong support at 65-66cts level..wait next week then buy better

 

 

i c no star. i c more like sunvic


rev up 30% but net profit down 40% qoq, ocf  staggering -242m , trade receiable 287m(channel stuffing to boast up rev).

 

quote="jahtl"]May drop below 0.60.[/quote]..unlikley will hold 65-66 over sold  may rebounce next week...very strong support....at that level..if Sky petroleum all the while trdaing between 36-47cts can move to 60cts and given a buy rating with a TP of $1.00..sinostar's profit is doubled that of Sky China Petroleum...will definitely cross $1..my thread still hold...looks like 50cts cannot get today...queue at 60cts now..if not end of the day than hope to get at 65cts

 

can anyone tell me which idiot saying sinostar results is damn good  ? i really forget who saying this statement and keep showing some facts about it... anyway, too bad... reality is the opposite, at least for the 3rd quarter.

 

wow 881, you raised down your purchase price now ar?? first time wor... ha ha... then, I buy at 48 cents la..

 

Now wait at 50cts to buy..lower target to go in everyday

 

for those who are always wanna jump in early in stocks purchase:

 



 

 

 

Such a negative news, I will sell it today. 

 

Sinostar posts 40.2% drop in Q3 profit

Lower profit margin and higher expenses drag down earnings

By CHEN HUIFEN - Business Times

PETROCHEMICAL producer Sinostar Pec Holdings posted a 40.2 per cent drop in third-quarter net profit to 15.2 million yuan (S$2.9 million), dragged down by lower profit margin and higher expenses.

The company's profit drop to 15.2 million yuan came despite a 30.6 per cent jump in revenue to 327.4 million yuan.

The profit drop came despite a 30.6 per cent jump in revenue to 327.4 million yuan.

The bulk of the revenue came from LPG sales, which rose 31.7 per cent to 184.6 million yuan. This was possible due to higher capacity, brought about by the acquisition of an additional 250,000 ton gas fractionation facility last year.

Sinostar's LPG products also saw higher average selling price and sales volume during the three months ended Sept 30.

The group's propylene products, however, suffered a drop in average selling price.

Higher sales volume helped buoy revenue contribution from the segment to 56.7 million yuan, from 36.2 million yuan in the same quarter last year. Revenue from polypropylene climbed 32 per cent to 86.1 million yuan, mainly due to increase in sales volume.

'The demand for propylene and polypropylene is expected to continue its growth trends into Q407 buoyed by China's strong economic growth,'

China-based Sinostar said in a statement. 'The strong demand for the group's products will drive the group's revenue growth.'

The group posted a 37.4 per cent jump in cost of sales to 298.7 million yuan. At the same time, it incurred 11.8 million yuan in additional expenses due to its share issue. As a result, net profit margin fell to 4.7 per cent, from 10.2 per cent.

Basic earnings per share for the quarter came to 2.36 fen, from 5.20 fen in Q3 last year. Net asset value stood at 70.7 fen per share as of Sept 30, from 13.6 fen as of end of last year.

Notwithstanding the lower Q3 profit, Sinostar's nine-month net profit came to 70.1 million yuan, a 46.3 per cent gain from the previous year. Revenue for three quarters to date went up 42.3 per cent to 848.2 million yuan.

Shares of Sinostar closed down four cents on Wednesday, ahead of the Deepavali holiday, at 68.5 cents.

 

fa guy may hold if u think it is a good stocks. Ta guys may like to hold on from buying till the sign confirmed. confirmation may cost u a few cents of profit. however, a bad entry price may cost u alot! 

 

Sky  China Petroleum is rated a buy with a TP of $1 by DMG and its pretax profit was only S$10.8mil FYE 2006 compared to Sinostar's pretax profit opf S$ 22.3mil for FYE 2006 doubled that of Sky China clearley undervalued...hence will be waiting at 55 to 60cts to collect fro the long term

 

heard rumor tmw interest will be on s stocks as qdII is on purchasing spring. from cna forum. what do you all think? sometimes TA really fails cause market is irrational.

 

haha. stop scaring people lah. just relax and if got holding power scared what. like cosco mah. it go up i hold, go down i just say next time. still good now mah.