Post Reply
41-57 of 57
finally moving!
good meh?
slowly regaining ipo price
Technically counter on very strong uptrend. Accumulation distribution pointing skyward, +D1 flying above ADX (14 days) and all other indicators bullish. Plenty of up room to go. Vested and accumulating more.
IPO price was 27 cts in sept 2006.
that's very recent. Stock has been sold down for no reason of fundamental deterioration of business.
Instead numbers are going up!
The stock worth way above IPO Price.
Like Ouhua, ChinaPDye has yet to utilise the tax incentives.
Now, with a new image consultant + higher operating margins + tax incentives, I expect the price to rise.
Buying shares is like buying a dream, you need a good story!
Vested. If it breaks 0.28 with high volume, I will chalk up somemore.
No TP.
Isn't it this worth more than the 38 cents ? Any other views ? 45 cents ? 50 cents ?
This stock is a laggard that is now stirring to life.
Have looked through its story, and found a couple of strong investment merits about this business.
1. Temasek has a 25% stake in New Horizon, which owns 31 m shares of China Printing & Dyeing.
2. Lim Jit Poh, 66, is the chairman. Heavyweight business leader in Singapore, and Chairman of
ComfortDelGro & China Aviation Oil.
Most recent in the news on Friday when he proposed to the government a major change in the public transport industry. He proposed that rail ops of SMRT & ComfortDelgro merge, and bus ops of the 2 companies merge.
3. Westcomb call: ? Based on net profit estimate of RMB 91m (+20%) in FY07 (EPS = 4.7 Sing cts) and last done price of 19cts, it is trading at prospective FY07 PER of 4x. Downside risk of the stock is limited, backed by its NTA/sh of RMB 99 cts (around 20 sing cts). Fair value will be 38cts based on 8x FY07 earnings. BUY.
(fyi: stock closed at 24 cts on Friday)
some party seems to be accumating at 0.255???
total 115 trades Buy Up @0.255; nearly 5m shares
as of current typing. (under trade summarY)
bullish engulf, breakout above resistance 0.25?
uptrend. other views, anyone?
FA wise: Temasek holding proudly list this investmest as a success story on their website.....
/quote extracted:
http://www.nhfund.com/En/CaseStudies.htm
"Jianglong
In April 2005, New Horizon Fund, through its subsidiary New Horizon Brilliant Investment Company Ltd, which is incorporated in the BVI, invested in Zhejiang Jianglong Textile Printing and Dyeing Co., Ltd, the operational entity of China Printing and Dyeing Co., Ltd. "
New Horizon Fund is a private equity fund incorporated fund incorporated in Cayman Island and jointly set up by Tamasek Holdings Private Limited and SBI Holdings Inc. in May 2005 to focus on the PRC market.
We aim at bringing about high return for our investors by taking the huge growth opportunities presented in the Chinese markets. quote/
This is now dying !!!
Hmmmmm ..... accumulation going on strong at 34.5 cents.
Jiutian so strong.
Jiutian cheong ahhhh.
Come on ChinaPrintDye ..... you can do much better than this .....
Time to squeeze shortists
Let's hope Jiutian will bring this China PrintDye along in the rally.
Could be the next to break out in the coming days after Sino Tech Fiber and Jiutian.
Good to observe closely from now.
Moving again .....