Post Reply
41-60 of 87
What is TP for this stock?
the herds are comin in fast n furious!..
Reuters' consensus recommentation: Buy
Yield: 3.29%
http://stocks.us.reuters.com/stocks/overview.asp?symbol=SVCH.SI
Strong Q1'08 result
http://stocks.us.reuters.com/stocks/incomeStatement.asp?symbol=SVCH.SI&period=Q
they need to paint their country to get ready for olympics..hahah
Sunvic Chemical
Sunvic Chemical also told the Business Times newspaper it aims for 3 billion yuan in sales as strong demand for its products should be sustained for the next few years.
Sunvic Chemical makes acrylic acid and acrylate esters -- substances used in paints and adhesives.
The chemicals maker reported more than a 7-fold rise in its first-quarter net profit due to increase in sales and selling prices of its products.
Looks like may reach around the $0.415 resistance.
Is 0.37 good entry point? how sunvic paying dividen and when it will become XD.
yeah SHOWING ITS TRUE POTENTIAL!!!!
TOP VOLUME!!
0753 GMT [Dow Jones] STOCK CALL: Daiwa raises Sunvic Chemical (A7S.SG) |
| six-month target price to S$0.49 from S$0.46 following "extremely |
| strong" 1Q08 results. Notes 1Q08 net profit jumped nearly eight-fold
| on | 100% on-year increase in revenue; says improvement due solely to shift |
| toward higher-margin N-phophonomethyl iminodiacetic acid (PMIDA), an |
| intermediate chemical for glyphosate. Says PMIDA's pricing strength "far|
| exceeded" expectations; raises FY08 earnings forecast more than |
| threefold to CNY330 million, increases FY09 forecast more than twofold |
| to CNY334.9 million. Keeps at Buy. Share down 1.4% at S$0.34. (LES)
As at May 2, 2008
At a glance
Q1 Results ended Mar 2008
Net Profit (S$M)
Company Current Previous % Chng
FSL Trust 17.89 0.79 2152.52%
SunVic 14.51 1.64 782.76%
Fragrance 14.63 2.11 594.11%
BRC Asia 1.15 0.17 582.74%
IndoAgri 81.31 13.02 524.52%
MCL Land 6.92 1.36 408.52%
Ferrochina 63.26 17.39 263.76%
Jurong Cement 1.11 0.41 171.99%
K-Reit 11.41 4.29 165.91%
GMG Global 8.32 4.08 103.90%
Yangzijiang 73.14 36.15 102.34%
Beng Kuang 2.35 1.18 100.00%
Cosco Corp 83.88 41.95 99.94%
Asia Environment 2.35 1.20 95.17%
CDL HTrust 23.56 12.31 91.47%
Sino-Env 10.06 5.29 90.08%
ChungHong 2.73 1.53 78.74%
AscottREIT 14.17 8.04 76.18%
Tianjin Zhong 9.59 5.53 73.47%
Cambridge Ind T 12.63 7.37 71.32%
Jardine C&C 177.04 107.30 64.99%
Hi-P Intl 24.68 15.07 63.71%
ChinaKangda 5.94 3.79 56.67%
CM Pacific 14.38 9.50 51.27%
Total Access 103.23 68.59 50.51%
first quarter EPS at 0.12 RMB, about 2 plus singapore cents, annualized about 8 plus cents per share FY, 2008, at 0.35 sing dollar trading at 3-4 PE...dirt cheap compared to other agricultural proxies like china xlx, zagro, china farm equipment.. suspect due to poor analyst coverage and public ignorance to its biz plans to become major PMIDA producer.
Earnings surged due mainly to increased contribution from PMIDA production which is the more cost effective production ingredient for glyphosate, a herbicide which is surging in demand worldwide, especially for economies hinging on agricultural productivity.
Nufarm, australian crop protection heavyweight forecasts high herbicide demand due to high global food consumption.
also, booming demand for biofuel production has bolstered herbicide sales...all these factors contribute to the high demand and consequently high priced PMIDA...
just my two cents worth
this cheongster is awakening...anyone knows why? good results?
can't beat em..join em.. jump on the bandwagon!
it broke out in the recent weeks (see posts below)...and the current resistance might be its 200MA at $0.34
MASSSIVE VOLUME TODAY...WHY????????
agree with cyjjerry85, I feel that the TA aldy indicate gone up top liao, the most it will go up abit, so play safe.
Pls do yr research
it has broken out on Friday already...just
Andrew ( Date: 08-Apr-2008 23:16) Posted:
|
Just a wild guess, this may be the reason http://www.epoxy-e.cn/content.asp?id=9425.
If I didn't understand wrongly, it is anti-dump protection for their key product for another 5 years. The news seems to coincide with the price movement.
I heard my friend, currently under training to read TA, mentioned that this stock is about to breakout or have breakout. Is this true ? Can anyone help to comment a bit of this ?