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Hi,
Those who follow my guide, now is time to buy back at 0.595, i think it will stay at 0.6. Good luck ! Happy profit !
I think should short it at 0.62, what do you all think, it is coming down !
Wow, this is fantastic, IPO just 0.46 now is trading at 0.635 !
"monkey see monkey so" has been a phenomenon... just dun be the last monkey.... i wld say kangda is the next best proxy anyway... if u cant afford lolex, get a tudor
With d powerful lifting/listing of Synear food holding successfully, other sgx chinese listed stocks may follow suit, Synear Food is holding it on it own strength. Let see Kangda Food chicken rise worth how much?.
Synear seems like a hot cake nowadays.. Isn't it risky to "monkey see monkey do"?. And now SBI E2-Capital has a price recommendation a buy with a target at $1.38 cents Mean while Deutsche Bank has already raised its target price to $1.34 from $1.08. So going to listen to who hahh..??? Best Answer. Take what is offer on the plate.
virgin post... grey mkt at 64cts... shd ride on synear success.. after plastic n property play, china play maybe back....
PE is much lower than synear... hopefully their rabbit can conquer moscow.
vested... rabbit hopes, hop hop hop
Congrats....... to all who got some. Oni 1012 of you out of 7,746 ppl that applied. The odds of getting even one lot if you apply will give U alot of kopi $$$. uncertain is even if u apply 1,000 lots, u get 12:50 - get u 20 lots.
The public 5mil shares was oversubscribed, chasing after....applicants applied for an aggregate of 333,910,000 offer shares. amounting to approximately S$153.6 mil. Invitation of 100,000,000 New Shares and total valid applications amounting to 428,875,000 new shares, (comprising valid applications received for 333,910,000 offer shares and 94,965,000 placement shares). Overall the issue was 4.29x oversubscribed.
There will 114,965,000 placement shares for placees.
01 to 09 = 207
10 to 49 = 342
50 to 99 = 64
100 to 499 = 125
500 to 999 = 18
1,00 above = 23
Total ppl 779 ( lucky ppl)
Heard rumour grey mkt is 4 cts, how true isit??
It will start trading on Oct 9, Oct 6, 2006 IPO closed liao. Why sooo quite one this ipo (stock) forum. sure got someone here vested.
Hi,
Today I read a premium report (need to pay) from NetResearch that this IPO is well price and much atttractive at 0.46 as compare to Synear which price at 0.54. It should be well supported when trading this Monday ! Good Luck to those who subscribe.
At $0.46 this values the company at 8.5x PE, based on its net FY05 EPS. FY05 net profit surged 143.7% yoy to RMB83.7m.
It has launched an IPO of 100m new shares priced at $0.46. The IPO includes a retail tranche of 5m shares and a placement tranche of 95m shares.
It will start trading on Oct 9, with its IPO closing on Oct 6.
Net proceeds from the float of about $42.3m will be used to expand its production and cold storage facilities, the firm said.
In the first quarter of this year, it recorded net profit of RMB16.15m, up from RMB14.27m the year earlier.
Plans to raise funds to increase production capacity and enhance its product R&D. FY05 net profit totaled RMB79.88m (about $15.8m) on revenue of RMB447.65m, of which half are export sales. That compares with FY04 net profit of RMB30.05m on sales of RMB345.27m. The company's main products are chilled and frozen chicken and rabbit meat products, soup ingredients, seasoning and ready-to-eat products. It also works as OEM of chicken-based cooked products. chestnuts, instant soup and curry products for Japanese food companies.