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this little gem has been manipulated so much as there is not much liquidity in the market.
time to realize its value. board already declare dividend of 0.18 rmb per share after tax.
Dividend yield is around 5%. Still trades at a huge discount compared to mother stock in Shanghai.
Hope a white horse comes just like Sihuan Pharma and delist it and bring it back to China/HK to list with higher valuations
TP: $0.90
does anyone know why tianjin is trading at USD 0.755 in singapore whereas its mother share in china is trading at RMB 13.27 which is roughly USD 2 per share.
China shares value is 265% more than singapore side and they have declared dividend of RM 0.18 after tax per share.
any expert views?
anyone still buying this share? seems over sold on very light volumes...
not sure about other S-chips.. but tianjin does not have much shares in singapore market. 200 million or so..
many funds holding on to it as it is trading at 60% discount to tianjin zhongxin in shanghai.
not a call to buy/hold/sell.... trade at your own risk. to me it is a rather easy play because of its value in shanghai
Illiquidity is the main problem for almost all China related stock (S-chips) in SGX market! Why?
smilingchuan ( Date: 18-Jan-2011 10:17) Posted:
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Tianjin has pulled back from 0.955 high on the 21 dec to 0.865 today 18 jan. 9.4% pull back. 4500 lots traded between this period. relatively small volume. weak long holders are not able to hold this gem as looking for contra gains. china tightening policy has an impact on most stocks across the industry. pharma should be the safest bet in the next 6 months. beware of banks.
10 days of trading, 2 weeks of trading in a narrow band of 0.89 to 0.915... should break out very very soon...
short term price = 0.95
long term price = 1.20
cheers
awaiting Q4 2010 Tianjin results.. should cap a good 2010 for tianjin... growth in china will drive pharma sales..hopefully someone will take notice of this gem counter and bring it back to china .
175 lots buy up at $0.91... considered a huge buy up for tianjin's liquidity....
come on singapore side... buy and keep
i hope you are right Smiling Chuan...will stay vested.
singapore side only has 200 million shares outstanding. if you look at the volume for the past 3-4 months, nothing much. seems that some funds or big investor is accumulating this share.... anyone knows the breakdown of the 200 million shares.. this 2010 tianjin zhongxin will surely make good profit, if it gives out dividends, singapore side will also get... 1 share in singapore = 1 share in shanghai... that is why i think it is highly under valued in singapore. even at $1 still too cheap... cos valuation in singapore is different.over the next 1 month till before CNY we should see rather solid consolidation of tianjin above $0.90 waiting for good news from china side.... cheers. stay vested.
HMM how come a lot of talk about taking it back to china? got rumours ah?
good just paid up to hold.
despite china side dropping from 17rmb to 14rmb. almost 17% drop in price. singapore side is still holding
meaning it has value.... now just hold on to tianjin and see whether got some big fund buy it up or decision to bring the shares to HK or back to shanghai to list....
hopefully will be a big chinese new year hongbao
agree, i am thinking this also
smilingchuan ( Date: 28-Dec-2010 13:55) Posted:
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ptui
stupid stock!
possible to take this stock and go back to china to list cos it is undervalued here in singapore?
like sihuan? any comments?
ya this stock will bounce back cos of its undervalued sentiment compared to its parent stock in shanghai.
can try queuing at 0.89, 0.88, 0.87
but notice everytime it goes down to a cetain level, it bounces up again and dawdles at mid nineties? i read somewhere value investors ion tj will not let the price drop too low? anyone know about this?
TianjinZ could not break new high n came down gradually , it may pull back to make a correction before going up again . The strong support is at 85 cents now if it goes below the Bollinger band at 89.5 cents . Time to set the stop loss protection .
Bintang ( Date: 22-Nov-2010 17:24) Posted:
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