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0.605?
What on earth sia... bottomfish?
I8.O
WOAH 0.59... CRAZY! It broke 2 downtrend resistance lines in half a day?!
Does this look like another Synear?
Next potential Resistance line... 0.62?
This baby is interesting to watch..
<:0D
Nice, it broke the very strong resistance of 0.57...
Lets see what the story for it for monday...
SINGAPORE, July 9 (Reuters) - Shares of Li Heng Chemical surged as much as 6.9 percent after UOB Kay Hian initiated coverage of the stock with a "buy" rating
Result Highlights:
1Q08:
Revenue RMB$803.7mln +11.4%
Net Profit RMB$224.1mln -4.5%
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_805940B3A1D464614825744800380340/$file/Li_Heng_Results_Presentation_13May08.PDF?openelement
0.525 now !!!! close to all time low 0.51 @ march 20.. shiok man... so many lowest cheapest stock on sales.... don't know which to pick...
they can easily rebound 20% based on history trend... don't know it will go down somemore or not..
wat happen to it
few upgrades by Big Fund but no sign of recovery
Report by DMG.
Li Heng can be considered to be China’s top 3 market leaders in high end nylon yarn products, yielding a current market share of close to 10%. By end FY09, we estimate the Group to have increased its China market share to 21.6%.
Despite the nylon fibre industry not growing tremendously globally, China has been increasing its production capacity and hence market share steadily year after year, growing its pie from 4.7% in 1990 to 24.7% in 2006, on the back of surging demand and consumption. The future bodes well for China as other established countries such as the USA, Japan and Tawian are downsizing their capacities, which should ensure that China exerts an even greater influence on the world’s market share going forward.
Our $1.35 target price is based of our DCF valuation using a WACC of 15.3%, a beta of 2.4 and a terminal growth rate of 1%. At $0.61, the stock is only trading 4.9x and 3.5x FY08 and FY09 P/E respectively, while its local higher value-chain peers are trading at an average of 5.4x and 3.9x FY08 and FY09 P/E respectively.