Shanghai Turbo    Last:0.01   -

Shang Turbo

good call terence! vested as well.

 

Immediate resistance is 0.245-0.255. After that has been cleared, it will be smooth sailing up to 0.365

 

Dear Readers,



It is the best time to start accumulating this share at Sgd. 0.15 onwards up to Sgd. 0.25 gradually. It is very good for long term holding. (High return and relatively very low risk)!!!

 

Dear Zuizui,

This an unique share placement mechanism. So while the end of the warrant matuarity date. All the exercised warrant to mother shares as if, will be considered as the new share placement for this Shanghai Turbo counter. I consider this is a long term steady growth defensive counter. It is not bad only to hold for long term.

 

Thank you...master singapore gal !

One more pt....with a exercise price that 's so high..who will want to buy the warrants. :S

 

I read this from a TA point of view.

It has very low volume counter... because of this, its not a attractive TA stock. The other charts point to a very slight upward bias.

 

It is going to issue bonus warrants..

But the exercise price is 0.32 (way above current price).

So all the masters and experts here... what are the implications ? So u think it will have any upside ?

Thank you thank you....

 

It has formed a strategic alliance with a leading PRC Research Institute. More details here.

 

Bullrun - why is best world good? are you vested in this?

 

Low price doesn't mean cheap.. for the time being, it is better to avoid. Focus on some other company that had dropped a lot but with solid fundamentals...example Best World!

 

thanks Nostradamus for enlightneing

and i still thought that at around 20 summtin cents it looks dirt cheap and might rebound to obout 40 cens. might be quite tough now

 

1Q06 net profit plunged 78% yoy. The reasons for the decline were:

• turbine manufacturers have started to produce the vanes in-house as their requirements have become more sophisticated.
• sales were lost to competitors including its biggest rival, Wuxi Vane.
• has been focusing on making gas turbine blades.

CIMB-GK has reduce its target price from $0.65 to $0.19. Avoid.

So, you can't just rely totally on TA. You must use FA too.

 

Extracted from my blog http://kelongstocks.blogspot.com Please remember to "support" my blog (pm me if you don't understand) :) [B]Technical Analysis[/B] Shanghai Turbo has broken out of an ascending triangle like formation (see thick blue line at 44 cents and upward sloping thick blue line at 36 cents). Technical target from breakout is 52 cents. A breakout above the prior high of 46 cents (achieved on 7 Feb and 6 Apr) was also observed on 13 Apr 06 and new technical target from this breakout is 56 cents. Supports: 46 cents (prior resistance turned support), 44 cents (resistance line of ascending triangle turned support) Resistances: Projected uptrend channel resistance is 51 to 52 cents in the near term .........continued at my blog

 

Extracted from my blog http://kelongstocks.blogspot.com Please remember to "support" my blog, thanks :) [B]Fundamental Analysis[/B] Net profit for 2005 soared 129% as revenue rose 32% due to largely to higher margins from sales of complete set of vanes. Shanghai Turbo has since secured an assessment trial order from a major overseas customer, Alstom Power and is in talks with Hitachi (Shanghai) Co Ltd and Siemens Ltd (China) as it looks to expand its revenue derived from overseas customers which currently comprise Doosan Heavy Industrial & Construction Co Ltd and Toshiba Industrial and Power System & Services Company. At the same time, Shanghai Turbo has announced new orders from existing overseas customer, Doosan Heavy Industrial & Construction Co Ltd, with more and larger orders expected to follow in the third quarter of FY 2006. One must be careful when analysing the results for Shanghai Turbo as FY05 net profits were boosted by a one-off tax credit of SGD 2mio due to tax incentives granted to subsidiaries (tax refunds and reversal of deferred tax liabilities). Net margins before tax improved from 35% (2004) to 39% (2005) due to the sale of higher margin products. .........continued at my blog

 

yep.. you're right. its on the down trend now. avoid this for now.

 

Have anyone did TA on this counter recently ? Very quiet and seem to be on the downside. Can grap ?