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Ya Jackjames,
still cheong a bit, but not much more juice!
Could be still on a downtrend... be careful
Wow... Jackjames... U r so lucky! :)
should listen to myself next time, hongguo cheong now!!! walau.... squeeze into top 20 volume now..
my colleagues ya ya ya behind my ears, asking why I bought at 0.745, and the target is 0.74, and somemore showing my the TA graph that, this counter is not very convincing... oh well, I found that I act like a "chicken" today, ha ha... selling them off @ 0.76 just now... nett gain only SGD 120, ha ha.. I didn't mean to do contra, but sometimes, pressure from colleagues man... anyway, rules of thumbs, don't loss money.
well done
by the way, Nostradamus, you are really lucky to get 0.665 such an attractive price!!!!
Done, bought 12 lots @ 0.745...
Bought this stock at $0.665 yesterday.
It was higher as investors bought the stock on its attractive valuation after the declines of the past few days, dealers said. The stock had given up about 25% of its market value over the past few trading sessions.
UOBKH said Honggou's recent price weakness could be due to profit taking after recent gains and rumours that the acquisition of Le Saunda's distribution network has fallen through. Nonetheless, the brokerage said it still rates the firm a "buy" with a target price of $0.74, and is confident of Hongguo's prospects as its fundamentals remain strong.
"Current weakness (in the share price) is a good opportunity to accumulate Hongguo," UOBKH said in a note.
sori what i mean is that, the price should bottom at 0.66 region. thus can consider to buy in if it bounce of 0.66 +/-1c region again.
price look oversold with support found at 0.66, this stock south looks limited. can consider to accumulate at 0.66 +/- 1c. FA wise, i think it is good and even the failure of purchasing the retail outlets, the future is bright for Hongguo as the No. 2 shoe manufacturer in china.
Has been falling on speculations that it has dropped out of its bid for Saunda's distribution network.
Is among potential bidders who are in talks with shoe maker and retailer Le Saunda Group for the possible disposal o its retail stores. Le Saunda is preparing to offload its business, which include retail operations and property investment, at a value of HK$3/share ($0.61/share). Le Saunda operates more than 280 stores in HK and the mainland. It operates 23 self-owned stores in HK, and 149 self-owned stores in China.
Hongguo runs 442 outlets in 42 major cities under its own brand, C Banner. It also distributes world-class fashion bramds such as Hugo Boss, Emenegildo Zegna and HK brand G2000.
with a trading volume of over 2 billion lots on the SGX today this share is showing signs of stress-not sprinting away like china hong-needs rehydration for the time being.