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this burger show a huge dip just within a month since mid Jan. really worried about their future.....
Ok, lets look at China HongXing FR. I am going to advice my friends and relative to exit this counter. I use to buy China Hong Xing too but not anymore since last year.
| 2008 (RMB) | 2009 (RMB) | |
| Profit | 448,515,000 | 131,125,000 |
| Cash & Bank Balance | 1,981,738,000 | 3,049,408,000 |
| Interest Earned | 15,036 | 10,861 |
Our Dear China HongXing Revenue
2009 - 1,998,817
2008 - 2,889,191
Comparing 2009 and 2008 Year To Year (30.8%) Decrease - Pretty sad thats 900 million either in lost of sales - lost in market share or lower average selling price.
Now the interest I find it a little funny. With all their huge cash reserves how come interest received is still lower than 2008 even when their cash & bank balance has increased.
This is a Share you guys shouldnt touch unless theres an explanation to the huge cash reserve sitting down there and doing nothing. Seriously ..... BB time to switch. I really gave up on China HongXing.
Taken my kopi money for this counter today
at 0.17
Financial report out liao..
If you monitor this counter properly, there seems to be some accumulation by traders.
For the past few trading days, there was a one lot sell down every few minutes....hoping to scare
ppl into selling more so that they can accumulate. Once they have accumulated enough, they will push the price up. It has happened many times before for this counter.
bad news loom bt share price jump...???!!dun understd.
ha ha ...if so...better to sell upon the rebound......nt vested
risktaker ( Date: 27-Feb-2010 22:04) Posted:
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how would be the stand of this counter on next monday? keep drifting down from 0.17?
last bear rally for the poor results :)
trader9988 ( Date: 27-Feb-2010 16:33) Posted:
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last fri rebound to 17cts ... reverse after found support @15.5 cts...immediate resistance 18 cts....
tis coming financial report 020310, may nt seems very good esp wif a discouraging profit guidance...
Ya lor like the recent MINORITY investors of debt-laden China Printing & Dyeing will likely lose every cent now that the firm has been allowed to delist without having to make an exit offer.
The firm's shares have been suspended since October 2008 after the founders fled while owing millions, leaving minority investors in a state of limbo.
The firm's shares have been suspended since October 2008 after the founders fled while owing millions, leaving minority investors in a state of limbo.
FearValueGreed ( Date: 21-Feb-2010 23:25) Posted:
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Looks like a potential China Milk ,
run as fast as possible.
Hammer ! Sign of potential reversal!
http://mystocksinvesting.com/singapore-stocks/china-hongxing/china-hongxing-next-immediate-support-0-155/
China Hongxing Sports (BR9.SG) is down 1 cent at 16.5 cents after the S-chip sportswear company
says it expects to report lower sales and profit for 4Q09 and FY09.
Order book quotes suggest this may act as near-term floor.
Company says in statement the softer performance is due to weaker domestic market demand and a
decrease in average selling prices. China Hongxing Sports will report 4Q09 results on or before March 1.
“This guidance could be below market and our expectations,” says Deutsche Bank who believes the
poor performance could be due to reduction in ex-factory price and ongoing product discounts given to
distributors to clear inventory.
The Edge 18Feb'10
time to short tmw? target 2 cts dwn to 16 cts...
Profit warning...
Ho Ho Ho....
90% of all S-chips are really shitty...
time to aim this burger......new year coming...maybe ceo need $ to buy new year cookies, clothes....
risktaker ( Date: 26-Jan-2010 17:39) Posted:
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what happened with this stock keep dropping and dropping..until when it will stop droping ?sigh