Hongguo   

C.Banner

Ya I hope so but you must be informed that its competitor Prime Success'Daphne is a very successful company in the area of the shoes industry. Moreover, they have market over the asia region such as HONG KONG which I think is a very rewarding market to be in. HG basically model its businesses after Daphne and Belle as both of them are engaged in the distribution of in-house brand as well as exclusive distributorship for international brands. In terms of market cap HG still lag behind PRIME SUCCESS by a huge gap but I believe HG is closing the market pretty soon.

 

InvesToman, with successful branding, they may be No. 1 very soon. I believe, when C.Banner gain market shares competitor sale will suffer.. DBSvickers just upgraded HG to 82 cents!!

 

I doubt HG will become No.1 best selling because its largest competitor Prime Success's Daphne is a very big and strong competitor in terms of market cap and production capacity. It make take sometime but we should be happy that HG has jump from 3rd position to 2nd position in such a short 3 year.

 

InvesToMan..the 90 cents is for short term. Given another 2 to 3 years, $1.6 is highly possible. Eventually C.Banner will become No.1 best sellin brand and EBlan No.2. The rest of Honggou will come as bonus...The Best is Yet to Come for Hongguo investors!!

 

Come on BullRun tats too pessimistic. Remember we mention about HG rise above a dollar and more. LOL CHEONG AH CHEONG

 

Great company!!! My new short term traget -- 90 cents!!

 

Hongguo signed a MOU with US-based Kia Group Inc to market "Naughty Monkey" footwear label in China. It is also going to further expand production capacity in 2nd half of FY06.

 

I will ride the wave but if something happen, I will not hesistate to dispose it. Act according to the situation. I believe it will exceed 0.80 by this week

 

InvesToMan...Since you already sitting on significant paper gains, then just ride on it lor...73.5 cents already but I believe it can go higher. Look like short sellers have got cornered....

 

I am not worry, I am just being careful and not being overconfident juz because I had made a significant paper gains from it. Lol...

 

FMs sell you worry...FMs buy you also worry...don't seem to have any logic leh. I'll just hold on and ride on the it.

 

I am concern about it too. But you can take a look at Celestial. The price also increase on declining volume from a dollar mark all the way to the last closing price. Now there are too little stocks in the hands of the retail investors. We can only hope those bigger fish dun dispose the shares. Happy investing.

 

The price increase on declining volumes worries me. It shows that latecomers are buying. When the price falls, they will panic and throw their shares away.

 

There will only be bonus shares or stock splits if the price runs up a lot. Maybe > $1 as in the case of KS Energy, Ezra and Hyflux.

 

I do hope everything bodes well for HG. Afterall it is my most rewarding investments in my portfolio

 

InvesToMan, Isn't it good when the volume dry up?? Shares are now held by strong investors and no retail. Hongguo should be able to continue it current up trend, but it will be faster and faster!!

 

We can never tell what the future will happen since we can't influence those FM at all. I was wondering since the volume is beginning to dry up, they should offer some bonus share or stock splits ba. LOL....I hope bonus share will be issued..... Well seriously speaking we ought to be careful since world cup is coming. According to statistics, the trading volume on STI has always been down by 30-40 percentage when world cup has come so I believe we juz need to be more vigilant and responsive to the market situation bah.

 

InvesToMan I believe the best is yet to come. If the share price is dirven by retail investors then it make sense to exit. However, if the price are drive up by FMs, it make a lot more sense to hold on to it. Only the FMs can drive the price up like like this. They may take profit but it will not be the near future since they are buying at above 60 cents level!! With the supply drying up, all short sellers will be caught and your target if $1 is highly possible!! Since I'm sitting on 215% profit, I'll just hold on to it and ride on the up trend.

 

BullRun you have mentioned something which worry me the most. It is the volume that is dying down believe as most retail investors are exiting with a majority of the share holdings left with the institutional investors. I believe there won't be more share movements created by these people. It is rather the retail investors that are driving the share up while the bigger fishes are sitting on those profits. I will strongly advise that we develop an exit plan before anything happen. Depending on the situation, you can alter yr exit plan where the target price has been reached. Best wishes for your trading.

 

Hi Scotty.. I did some simple analysis on the shareholding of HG. FY05 there are all together 2945 shareholders, the number drop to 2199 as of 10th March. There are manay big names on HG top 20 shareholders list. I believe most of the funds are long term in nature. As of 10th March, the top 20 shareholders hold about 78.3% of HG. So the retail investors hold only 22%!! Value Partner bought heavily after 10th March. So the number of share available in the market dropped further. The share price moved up on very thin volume from 47 cents to the current price. FM bought again on 12/4. The purchase price should be around 60 cents. So, I believe the trend is going to continue, ans InvesToMan's short term target of 72-75 is high realistic and possible!!