
zhixuen ( Date: 24-Jan-2011 15:25) Posted:
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I also don't know somehow we are at the same boat.
I was thinking to withdraw the Q on that day but I missed one more step to click ok at confirmation message.
Thus, I grabbed at $0.190.
However, I'm optimism to company outlook and Taisan debt is really very low. The fundamental doesn't have any problem to investors.
Now only awating BBs to push and surpass $0.240. The rolling PE of Taisan is only 4.7 undervalued counter.
watercrests ( Date: 24-Jan-2011 15:14) Posted:
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freeme ( Date: 24-Jan-2011 15:11) Posted:
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alexchia01 ( Date: 12-Jan-2011 16:23) Posted:
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I have been following this stock since it IPO, it seems pushing down when it escalate up to around S$0.2. I received dividends since the day 1, so far ok. But I don't think it is a counter will rise much. Even when it listed in Taiwan and the price of TDR is equal to S$0.25, here is still way below S$0.2. Good Luck.
Hi knightrider,
I Buy because I think the situation is right for a rise.
I'm a trader, I've no intention to hold this counter long-term.
My target price is $0.215. The highest I would hold is until $0.245.
I don't know why you hold this counter since IPO, but as both a trader and investor, this is not a Good Idea.
As a Trader, I would sell immediately when a counter is listed, or Buy 6 months later where there is enough data to do a proper Technical Analysis.
As an Investor, I would wait for the company to be listed for 1 year, so that I've enough information to do a proper Fundamental Analysis.
I guess you are still in the red since you hold from day 1. You may want to average down and get out in the next High.
Good luck.
knightrider ( Date: 12-Jan-2011 17:10) Posted:
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Hi Alex,
I have been following this stock since it IPO, it seems pushing down when it escalate up to around S$0.2. I received dividends since the day 1, so far ok. But I don't think it is a counter will rise much. Even when it listed in Taiwan and the price of TDR is equal to S$0.25, here is still way below S$0.2. Good Luck.
Today is a Good Day to Buy ChinaTaisan.
Business: Manufacturers of knitted fabrics used for sports and leisure apparel; In China.
Now Trading at $0.195.
1. In an short-term Uptrend Channel with Potential High of $0.215.
2. Just Bounded off its current Support Level of $0.185.
3. MACD and Stochastic both show a reversing to upwards.
4. Transact with High Volume today, a sign of huge interest in this counter.
5. Company gives regular Dividends.
6. Revenue, Profit and Cash Flow all increase QoQ.
7. Company has minimum Debt.
Grade: 7.
Target Price: $0.215.
More on my Blog at Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck.
Shares of Singapore-listed fabric maker China Taisan Technology
By the midday, China Taisan shares were up 5.4 percent at S$0.195 on a volume of 26.2 million shares.
(Reporting by Charmian Kok)
China Taisan Technology Group Holdings Ltd (the “Company”) announced that its wholly owned subsidiary, Jinjiang Lianjie Textile & Printing Dyeing Industrial Co., Ltd, has entered into contracts to acquire new machineries as a move to increase the production capacity at its existing plant. The CAPEX Plan mainly includes the acquisition of 1 unit of heat-setting machine, 6 units of dyeing machine, 8 sets of fabrics face finishing equipment and other miscellaneous items. The aggregate contractual values of the machineries are about RMB211.2 million. The heat-setting machine and dyeing machines would provide additional production capacity to its existing plant by an estimated 3,500 tonnes of finished products annually; whereas the fabric face finishing equipment adds value to the products by enhancing its texture and aesthetic variation. It expects the delivery of these machineries by end of 1st quarter 2011 and utilisation should commence in 2nd quarter 2011.
It also announced that it has since utilised only about S$87,000 in participation of trade fairs and putting advertisement on trade journals. It noted that its marketing efforts have instead been more effectively carried out by its sales representatives. As such, the Company is of the view that the general marketing activities which were originally envisioned at the time of the IPO are currently not major contributor towards driving its business forward.
The estimated acquisition costs for additional fabric face finishing and processing equipment has been finalised at approximately S$28.0 million (or about RMB142.6 million), up from the S$14.0 million previously announced on 6 December 2010 due to an increase in the number of equipment eventually contracted. As such, it intends to allocate more funds to acquiring additional fabric face finishing and processing equipment.
sncm3425 ( Date: 31-Dec-2010 11:13) Posted:
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sncm3425 ( Date: 29-Dec-2010 11:52) Posted:
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sncm3425 ( Date: 28-Dec-2010 18:36) Posted:
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rickyw ( Date: 28-Dec-2010 13:49) Posted:
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sncm3425 ( Date: 28-Dec-2010 13:43) Posted:
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