
Taiwan market very strong buyer
910579歐聖 | 走勢圖 | 成交明細 | 技術分析 | 新聞 | 基本資料 | 籌碼分析 |
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資料日期: 99/01/11 | 910579 歐聖 成 交 明 細 | 列出前五十筆成交明細 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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http://www.theedgesingapore.com/the-daily-edge/business/11486-oceanus-to-buy-2-food-companies-spin-off-restaurant-unit.html
Oceanus expects to buy a Taiwanese food-packager by mid-2010 and acquire an Australian company later in the year to boost its supply of wild abalones, Chairman Ng Cher Yew said. Ah Yat Abalone Group, its chain of restaurants, will sell shares in Taiwan or Hong Kong, he said.
The company is expanding to ride on China’s growing consumer market as the nation’s economy is expected to grow 9% this year, based on central bank estimates. Oceanus became the first foreign company to list shares in Taiwan last year as ties between the island and the mainland reached their warmest since the two were separated after a civil war six decades ago.
“We want to see how we can basically acquire at least one Taiwanese packaging and processing entity and look at the Chinese market,” Ng, 50, said in a Jan. 8 interview in Taipei. The Taiwan listing “gives us a better profile with the government and an image in the market that will help the business.”
The company is based in Singapore, where its shares are traded. Oceanus’s operations are mainly in China, where its 137.9 million abalones are in 24,000 tanks along the country’s southern coast.
More Restaurants
The Taiwan stock has risen 21% since the Taiwan depositary receipts were sold at NT$9.5 (41.6 cents) apiece in December, compared with a 2.1% gain in the benchmark Taiex index. The shares in Singapore lost 7.7% during that time.
Oceanus has 20 restaurants in markets including Singapore and China, according to Ah Yat’s website. The company aims to expand to 170 next year, with at least 120 on the mainland, Ng said.
The restaurant business may be worth as much as 2 billion yuan ($408 million) in two years, said Jeffrey Lau, an analyst at Polaris Capital (Asia) in Hong Kong.
“It will be positive for Oceanus, as investors are in favor of Chinese catering companies,” Lau said.
Oceanus is considering the listing in Hong Kong or Taiwan because of demand for abalones from consumers in the two markets, Ng said. The restaurant chain, which is not profitable yet, may turn profitable by the end of the year, said Ng, declining to say how much the chain is making now.
“The restaurant has a different risk profile, so eventually if it’s independent, it makes more sense,” Ng said.
Cooked in Taiwan but not in SG, looks like needs some good news and CNY for it to soar....
Taiwan Very Strong buyer. to the daily 7% 11.50 x7 % = $12.30 =S$0.535 Very Strong
wait for next two day will be still very strong buyer tomorrow S12.30 X 7% = $13.10 = S$ 0.57
wednesday $13.10 x7% =S14.00 =S$ 0.605
Abalone can’t fly only can cook now is cooking
910579歐聖 | 走勢圖 | 成交明細 | 技術分析 | 新聞 | 基本資料 | 籌碼分析 |
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資料日期: 99/01/11 | 910579 歐聖 成 交 明 細 | 列出前五十筆成交明細 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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how long do i have to wait? disappointed to see other counters moving but not this one. sigh
Please be patient and you will be rewarded. Dont be disappointed, be happy.
street81 ( Date: 11-Jan-2010 10:51) Posted:
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Strong in Taiwan but so weak in SG....disappointed.
vinyong ( Date: 11-Jan-2010 10:42) Posted:
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The demand is very strong and the stock price has reached its limit of 7% for the day.
It will continue to rally the next few days.
910579歐聖 加到投資組合 |
10:22 | 12.30 | 12.25 | 12.30 | ▲0.80 | 17,259 | 11.50 | 11.70 | 12.30 | 11.70 |
Seems like it's slowly moving up. Good news?
look at MAP perhaps, waiting for dual listing in taiwan for stage 2 approval soon ! tremendous potential, hoping for it to be like OSIM. and results are expected to be better looking ahead in 2010.
Sold mine just and taken profit, thanks.
OH NO....sounds damn scary leh...what others reckon ah?
tankuku ( Date: 11-Jan-2010 09:24) Posted:
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This counter already broke, will see heavy sell down sold cos it is overbrought for the last few week.
Do sell or take profit b4 too late.
Good luck
Taiwan market T $12.30 = S$0.535
910579歐聖 加到投資組合 |
09:16 | 12.30 | 12.30 | - | ▲0.80 | 10,213 | 11.50 | 11.70 | 12.30 | 11.70 |
but sg like no movement =/
Taiwan trading at 12.30!! (aka S$0.537)
I wish tomorrow abalone will be hot tomorrow
