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Sharks I missed this one and it has made a breakout
Andrew,thanks for enlightening.
Current PE is based on the last known full year results (Feb 2007). They make about 10Scts then. So the PE is the Current Price (72Scts) divide by last known earning per share (10Scts). So 7.2. or 7.2years which I like to refer PE.....Hee..
If you refer to the daily updated Straits Times figure. Its say 7.3 because it correct for the difference in exchange rate. Was 5RMB to 1SDG (2007) now 5.06RMB to 1SDG.
Andrew,
how u derive PE 7.2? Do u mind to share? i am no good in maths.
This is the usual behaviour of this stock........This is my 4th run on this counter.....
I think the RSI and William are all shoot off the chart. A bit too late to catch now....
I remember I read somewhere that the CEO reduce stake from 67% to 60% to some investors in January. @1.20 and then it breakdown on the 1.00 resistance.
Current PE is 7.2, forward I estimate 5.5. So assume a 8 would yield $1.04......I really hope I am right......my third largest investment.....
honestly, i will reduce stakes for this counter next week... it rockets too fast.. it will do some correction of course... but again, if you see the trade volume, the heavy volume done at 0.70-0.72, since yesterday is the 1st day cheong, it shall last for few more days.
but will curent surge +13c, it is still consider worth to hold??
That's the problem.....up to 9months results already up 31% compared to 2006. I think pple are looking for more.....
Anyway, this stock is on almost every brokeage hse radar screen.....
as long as the 4Q result is 10% increased, everything is in good shape...
Here is the summary of today trade :
a) Last Transaction 799Lots Done @72
b) Whole day average is 67.5cts
c) 914 transaction done.
d) More buy than sell, 18873lots to 12082lots
e) DMG say (today) near term could hit 1.01
d) CIMB say yesterday is 72 breakout. Stop 54.5cts. Near Term TP 1.00
e) Sino full year results on 27 feb 08
Let see where this rabbit will go next.......vested.
ok...JJ...Monday we can have lobster salad.....right....
0.667 to 0.72 ....ok lar...if not
BIG PRAWN noodle also can lar.... cheong har...
ya lar...luck also plays a role...hahah` btw, technically next resistance is nearby only leh...at $0.75
Damn it.. i sold this counter 2 days ago at 0.6! if onli i hold until today then release, i can be 1000SGD richer!
Tot it will go down somemore than repurchase!..
Arbitrager, u are very right.. wow.. never know you can remember my purcahse ? LOL.. but i average down while it was 0.54 (with double of my volume purchase) last few weeks ago, and my breakeven price is 0.6667! amazing?!
tough Luck for bros that can't catch this boat...... lucky for me that saw the mini breakout after rosing the price from 0.58 to 0.61......... In at around 9 plus in the morning and sell it off around 4.15PM. Think there will be tail wind for this counter though....
Not an inducing comment to buy or short.... Believe in ur self.... have luck in stocks.. (L)earn (U)nder (C)orrect (K)nowledge.
i have been keeping a lookout of this counter on my watchlist..i was hoping today's market will actually bring it down so as to buy in...darnz...surged up like superman..missed boat
wat tt means?
SGX Market Control Query Sino
hi Jack, i tot u bought 20lots at 0.92 on 3Jan? lose less mean win?? relatively richer after unlock the trade?
ya man, wat happened?...saw it cheong-ing from 0.605 but din get onto the ship... haiz...