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from one of the brokerage firm:
IMPORTANT NOTICE
Update on Restricted Stocks
Please note that as of 26 July 2007, the following stocks have been restricted from online trading:
- Alantac Technology
To review the updated list of restricted stocks, please check Announcement page upon login.
this stock closed at 51. Looks like it is well supported at 38.2% retracement. Not much of a severe distribution seen on the graph. Recent good news should give it a good support and should be moving upward these few days.
Immediate resistance at 55.5, 58.5.
vested since 0.52 then stock cheong to 0.7 after sell down on wed it rebounce to 0.55, i believe tomorrow might rebounce to 0.6 then 0.7..
my source tell me to keep vested in this stock coz more upward to come
Good evening folks!
Newbie to this forum.
I am also a keen vestor in this particular stock and this news just came online.
Anyone care to interpret it in layman's term?
Thanks!
http://info.sgx.com/webcorannc.nsf/e0b081862900741c482571aa001cf0af/db111f5e7ce277874825731e00374012?OpenDocument
The petrochem sector is hot. So may be good news.
KE has imposed trading curbs on this counter. So trade with caution.
judging from its performance these two days, i believe upside is there... might be > 70cts. trade at ur own risk...
Please see their announcement about an acquisition of 85% in JEP, which is a precision engg company serving aviation, and pterochem sector.
It seems they are keen to expand this sector and got good chances for revenue growth. The prices are quite cheap to grab now.
Good or bad news? Guru to discuss. thx
ALANTAC TECHNOLOGY LTD.
(Company Registration No. 199401749E)
(Incorporated in the Republic of Singapore on 12 March 1994)
PROPOSED ACQUISITION OF CHINYEE ENGINEERING & MACHINERY PTE LTD
The Board of Directors of Alantac Technology Ltd. refers to the announcement made by the
Company on 10th April 2007 and wishes to confirm that the Letter of Intent has expired in
accordance with its terms.
By Order of the Board
TAN NGEE TECK
EXECUTIVE CHAIRMAN
Date: 14th June 2007