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des_khor ( Date: 26-Nov-2010 18:02) Posted:
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freeme ( Date: 26-Nov-2010 17:56) Posted:
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year 08 and 09 are bad years for s-chip companies. many domestic investors took their money out and go invest real properties due to high margins, many companies were struggling with cash flow and order books, while u see property market in china was shooting up faster than rocket. that was the time most of these companies decide to list in foreign stock markets to attract foreign investors, with only 2-4 P/E.
now with the government involved to cool down property market and more policies to restrict bank loans, domestic investors are looking back to economic fundamentals. i would not say textile company is a good choice to ride with for long term, but 2-3 years with the demand curve going up is still promising. their P/Es are undervalued, and i would say they will still be staying undervalued for a long term becoz of the nature of their business. however, listing in krx give them a chance to maybe push their PE in singapore to 6 or higher.
but be careful, most companies will push their share price up before IPOs to push up their IPO issue price. don't be the fool to chase behind high bids. 0.23 is the bottom line. unless something bad happens to the company or koreans decide to start a war (highly likely they wont even dare to exchange fire again), 0.195 is a good symmetric triangle, but its not happening.
One bb's out at 0.240. gap's filling between 0.23 - 0.24.
if you are holding the stock in hope that it would become a multi bagger, i think its time for you to cash out and take profit before year end. most likely, this stock is going to stay at 0.23-0.24 for a long time before 2010 full year report or other exciting news. if you are holding like me becoz u see the potential and fundamental of this company, then u should be looking at other stocks atm coz this counter really not that exciting already. For STI, Monday will be a big day; bearish or bullish run for year 2010 end? SembMar lost brazil tender; if kepel loses as well, a very high chance we will be seeing 3120 again unless there are other exciting news.
textile market involves certain risks. one of the highest risks is the short cycle of order books and a sudden drop of demand may just cause an industry wide revenue decline until the new cycle starts. similar industry exists in singapore as well (semi conductor manufacturing).
Bon3260 ( Date: 26-Nov-2010 17:23) Posted:
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Bon3260 ( Date: 26-Nov-2010 17:23) Posted:
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Fibonnaci 50% from 0.175 - 0.295 is 0.235 which is Key support.
If breakout with high volume should say bb to this counter.
ChinaGaoxian might slowly slowly drop till 0.195...
My view only...
('',)
Bon3260 ( Date: 16-Nov-2010 20:55) Posted:
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watch out for tomorrow buy ups if i have guessed correctly.
load up before you are left out.
Masterlim. You need not have to explain your whereabout. Needless to explain on the "fundamental" or "sentiment" thing. Better ask him go to casino and play. Most likely kanna burned.
Even analysts, experts do hold different views. At the end of each analysis report in layman term "trade at your own risk". Recommendation can change anytime depending on many factors around the world. All are interlink.
Good luck
please enhance your level of understanding of market methodology. arent there basis for driving the movements of the markets? are you saying the trend is an independent mode by itself? what the basis and nature driving this trend?
good to see strong support for this gem. as i have mentioned, accumulation pharse, lots of investors are buying on dip.
load up before you are left out
masterlim ( Date: 24-Nov-2010 00:28) Posted:
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busy with work and doesnt have time to write here. never run like you said. nobody predicted koreas will fight. sit tight and you will be rewarded. the facts and figures doesnt lie.
now the sell off is sentiment driven, not fundamental driven. if you are in for contra, you are in trouble. really have to bear with it. traditionally the correction will make the next rally higher.