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synear looks good to short now...should drop below 50c soon! :)
any idea abt the results? cd/results goes on same day--any trapping? what market expects? if not too bad, may surge after results release. i think can buy in earlier. thx for cnmts.
In bussinesses when raw material price go up, the end products price will also go up.You cannot buy high and sell low, can you?
Pork price high, gone case !
beware, Q1 result going to announce soon, a red sea is going to happen soon, don't be fool to enter now
Oh, really? Thanks.... That's really pathetic...
Fairygal ( Date: 18-Apr-2008 16:45) Posted:
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Note that the divvy is in CNY, not S$.
Any ideas of this share? The Dividend is really very attractive.... Is it a good time to buy?
wow...won sponsorship wil cause this burger to be bashed down by 3-4cts ?!?! WOowowo....wat a day to start ! :D
hee....
SHOW TIME,,,,,,,,,,,
BT Singapore Companies
Published April 8, 2008
S-shares poised for recovery
Factors like earnings growth, compelling valuations, strong economy cited
By LYNETTE KHOO
THE poor broader market sentiment this year has not spared S-shares or Singapore-listed
Chinese companies, with even the high- quality counters having been beaten down to
single-digit price-earnings valuations.
Year to date, the FTSE ST China Index has shed 35.3 per cent to 496.2 points, and the Prime
Partners China Index (PPCI) has slipped 30 per cent to 168.88 points, outpacing the 8.2 per
cent fall in the benchmark Straits Times Index (STI).
But these S-shares could be poised for a recovery on the back of undemanding valuations and
decent earnings growth, some analysts say.
In fact, over the past three weeks, when the market regained some ground, the high-beta nature
of the S-shares has led them to a faster pace of recovery than the broader market, with the FTSE
China Index and the PPCI growing by 24.4 per cent and 25 per cent respectively, compared
with 14 per cent for the STI.
'Coupled with China's strong domestic economy, compelling valuations, yuan appreciation and
attractive earnings growth, we believe that many S-chips are poised for a recovery in valuations,
' said Prime Partners research manager Lim Keng Soon.
'Many S-chips are now trading at 5 times FY08 PE. Even if we assume a pessimistic scenario
whereby margins are further squeezed and corporate earnings decline by another 30 per cent,
an FY08 PE of about 7 times would still be undemanding,' he added.
UOB-Kay Hian recently upgraded its rating for S-chips from 'market weight' to 'overweight' in
view of attractive valuations.
'Compared with China domestic A-shares and H-shares, S-chips have been trading at deep
discounts after a severe correction in the second half of 2007,' the brokerage said in a recent report.
'We believe investors' concerns over China's economic slowdown have been overdone. It is time
for smart money to move around.'
Some S-shares have been plagued by earnings concerns as costs ran ahead of revenue. Among
them was frozen food supplier Synear, which issued a profit warning for its fiscal first quarter,
triggering some analysts' downgrades.
Mr Lim of Prime Partners predicts that there could be a handful of S-chips that will still be affected
by earnings concerns and margins squeeze as China's export growth decelerates further. This could result in cautious sentiment in the second quarter, with a full recovery unlikely to take place until the second half of the year.
UOB-Kay Hian said it believes that earnings growth in S-shares in the second quarter will remain
strong and will restore investor confidence. It expects the Chinese economy to ride out this difficult
period with 10 per cent GDP growth and CPI growth of below 5.5 per cent.
'We believe the fundamentals of China's economy and the ingredients for a bull market - including
China's robust domestic demand, strong corporate earnings and growth, and yuan appreciation - remain intact,' it added. 'We remain positive on the earnings growth of S-chips, especially from a mid- to long-term perspective.'
Synear's price of $0.67 implies that it is trading at 4.47x PE on a ex-cash basis and undervalued. Cash per share of $0.28 backs 41.8% of the price now.
Just wonder with the "good news" by the China Central Government that they will be releasing tons of pigs from their central reserve to fight the hike of pig price, this will benefit Synear as their pig cost about 20% of their raw material. When the news released to the mkt, Synear share price dive and plunge straight away. Opens on Fridat at 1.60 and gone all the way to 1.55 before recovering back. Are the BB manupulating the price or this counter is indeed on the down trend? I looked at the chart and agree that Synear seemd to head for the down trend, but I am not a TA person, dun really know how to read charts....I have the intention to collect more of Synear this coming week but the feeling will be damn sour if once collected and the nxt moment realised I can buy cheaper the next day, $%^&*! I am confident this counter will perform, hence I am happy to park my $$ here. Can anyone here advise, suggest or recommend any entry price? Just for discussion only, not to worry of comitting a "not so good" recommendation.
Bellow 1.70 is a good buy for this counter. I believe it will move back to 1.90 any sooner. I have report of its sales. But haven't finall yet. Estimated some excellence result for this year-end.
Happy invested bro ... :)
In my opinion, this stock is fundamentally sound. Its PE ratio easily matches its growth. Its a growth stock. Vested too.
Below is the news on Monday on government support for pig supply.
http://news.xinhuanet.com/english/2007-09/17/content_6741941.htm
Yes JJ, I am sure this counter will perform. If not wun put my $$ here. Hold till the cow comes...hehehe! But $3.00, I am not so ambitious...lol.
pauline, what make you think it is on downtrending mode? TA charts?
idesa168, you will see 2.50 next year, especially when olympics come, maybe 3.00..
LOL... but, I want to enter again at 1.54, possible?
Dwon Trend, avoid!!!!!!!!!!!!!!!!!!!!!!!!!
I thought I had a good buy at 1.68 yesterday, today is 1.61...@#$%^&^*(*! But fret not, fundamental is good, going forward. Like what people says, pillow stock lah. Cheers.
Up 5 cents today. Already crossed $1.80. Any target price? $2 possible?