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tankuku ( Date: 20-Nov-2009 09:11) Posted:
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Those who still hold will suffer great lost " Cry with no tear" cos going tp drop below 0.6 soon, moving toward 0.5
Better cut lost or take profit now.
Good luck
Hi Blackstreams, thks for your analysis. I hope u make a bundle as well... i dun think i have the holding power hence i will most prob let go by today since there are a few risk factors, such as hugexchangeof shares betw shareholders n shortlisters... i got it at 0.625. normally if there are gigantic volumes by right the price difference for the day should be a big range but this one only 0.005 nia so have to be caution for the time being...
gd luck
blackstreams ( Date: 20-Nov-2009 00:40) Posted:
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DJ MARKET TALK: Ying Li's Placement Affirms Track Record - DMG 11/19/2009 3:47:00 PM 0747 GMT [Dow Jones] STOCK CALL: Strong interest from institutional investors in Ying Li International's (5DM.SG) S$154 million share placement bears testimony to company's track record as an established commercial property developer in China's Chongqing city, underscores its growth trajectory over next 3-5 years, says DMG. Notes investors include Legg Mason, JF Asset Management, AIG, Merrill Lynch, UBS Global Asset Management. Says with another CNY500 million in loans secured recently from China Construction Bank, Singapore's OCBC (O39.SG), any concerns over Ying Li's ability to fund its three major projects in Chongqing should be allayed; "as for medium-long term growth, we expect Ying Li to bag a majority of the seven properties up for grabs within the city's new financial center. We believe the Chongqing growth story, which Ying Li offers the best proxy to, remains intact." Keeps Buy call but trims target price to S$1.12 from S$1.20 to reflect enlarged share base. Stock +1.6% at S$0.63. (FKH)
From these reports, I guess Ying Li is a solid investment.
Johntanyg, the exchanges here have been interesting for me these few days. Regarding prices, I believe there has been a huge exchange of shares between some substantial shareholders today. Inadvertently it'll probably have depressed prices. Prices will probably continue to be depressed for a few more days as people who bought in at 0.70+ (0.705 has been a very good entry point over the past few weeks) and who do not have the holding power are forced to relinquish their holdings these few days. Also those who invest based on charts will have noticed that it has fallen into a downward selling trend and might be tempted to cut losses. Hence the resistance at 0.635/0.64.
On the other hand, Tankuku has been very negative about this stock but has persistently posted his negative views so he's probably been shorting it. I think he would have made a bundle these few days. To me, I'm more inclined to agree with risktaker. 0.61-0.62 is a very good entry point and it's highly unlikely it'll drop below that, given the BB bought in at 0.61. However, DOW dropped more than 160 points as I type so the 0.615/0.62 support might be tested tomorrow morning. I'm vested at 0.62 but will hold as 1. the placement to raise money for the chongqing developments is positive news, not negative. 2. Institutional shareholders buying in @ 0.61 gives it an articial support of sorts. Holding power will be the key for this stock. Cheers.
johntanyg ( Date: 19-Nov-2009 16:47) Posted:
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dear lao jiaos...
i observe this counter whole day... its wierd.it didnt exceed 0.63. always moving 0.625 and 0.63
why like tat? i also puzzled catch no ball. tot got so much volume shld be very flexible one even for 1 day performance but the range is only 0.005 nia... pls advise
thks
Zhuge liang is in the game :)
He wants Ying Li UP
This is really a lousy company as it is making loss for the last few quaters.
Worst with the placement the share will be diluted.
So do cut lost or take profit is any it will drop below 0.5 soon.
Vest at your own risk.
Yingli International Real Estate Ltd
Successful Placement to raise S$154mil
18 November 2009
Yingli announced that they have successfully raised S$154.5mil through a placement
of 253.2mil new ordinary shares at S$0.61 each to institutional investors. The issue
price represents a discount of 15.5% to S$0.7217, which is the VWAP of the shares
traded on 16 November to the time of trading halt on 17 November 2009.
The 253.2mil placement shares represent approximately 13.3% of the existing share
capital and approximately 11.7% of the enlarged issued and paid up capital of the
Yingli after the placement.
Funding details
85% of the funds raised will be used to develop the new Da Ping project with the
remaining as general working capital purposes. To recap, Yingli announced the
acquisition of the 28,200sqm plot of land in Chongqing through a government land
auction for RMB 851.6 million. Yingli intends to develop the Da Ping project into a
370,000sqm of integrated development, with high-end residential, hospitality, as well
as high-grade retail component.
Valuation We view that the successful placement serves as a testament of the
company’s appeal to the international investment community. Financially, we add in
the net proceeds of S$147mil into our RNAV model and adjust for the enlarged share
capital. Thereafter, we reduce the target price from $1.270 pre-placement to S$1.170
post-placement to account for the increased number of shares. We maintain our BUY
rating
Phillips Securities
Just sharing....your call as to whether this is a good counter to invest in.
des_khor ( Date: 18-Nov-2009 15:15) Posted:
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tankuku ( Date: 18-Nov-2009 15:17) Posted:
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des_khor ( Date: 18-Nov-2009 15:15) Posted:
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Event $0.5 I also won't buy. Why invest in a company that lost money. Stupid right?
As I have warn earlier, this company is an empty vessel. It is lost money for the last few Q. Had advice to sell and cut lost at 0.71
Now u see , selling now new shares. Will drop like map.
HaHa server those people right for not taking my advice.
Better cut lost now for those still holding. Good luck.
tankuku ( Date: 05-Oct-2009 12:49) Posted:
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