China Hongxing   

Kim Eng "BUY" recomendation

yes.. 10 cents is cheap..

give another 50% discount, can enter when hit 5cents

hotstock      ( Date: 24-Feb-2009 11:17) Posted: The earning took a hit in Q4 and that creates a lot of uncertainty going forward. At 10c it is cheap but I will buy it if it goes down further.

 

The earning took a hit in Q4 and that creates a lot of uncertainty going forward. At 10c it is cheap but I will buy it if it goes down further.

 

minutes ago, one BB dumped 19,440 lots,

 

this counter is a very attractive one - lots of cash, little debt, and good NTA too.

But seems like BB are pushing the price down fast and furious....sigh......

 

0.11 liao.. will it dw to 0.02 range?

 

Changing of value evaluation stock picking strategy has change from PE based to more and more PTB based. The investors look for least its share price downward trend risk with future huge potential capital gain.

crimson      ( Date: 24-Feb-2009 09:32) Posted: Hi, any expert can explain what's with the recent selldown? it's alrdy creating newer lows... thx, much appreciated.

 

AK opine that its demand n supply issue. Export dropped tremendously.

May be now most people wear slippers instead of branded sport shoes loh. Joke aside lah.

AK ever bought shoes in Korea n local, which were Made In China. Suveniers in Nippon n Korea also same same, he he.

crimson      ( Date: 24-Feb-2009 09:32) Posted: Hi, any expert can explain what's with the recent selldown? it's alrdy creating newer lows... thx, much appreciated.

 

Hi, any expert can explain what's with the recent selldown? it's alrdy creating newer lows... thx, much appreciated.

 

Looks like both Zaino and Hongxing were trash by the market for the past 2 weeks. Not only that Li Heng and Celestial both of which have been high on the buy list from brokers have suffered massive selldown...getting more interesting by the day...prices now are totally absurb by any valuations metrics..almost asuming bankrupcy. Some of them have even enough cash in hand to buy up all remaining float...well let's see how cheap can get cheaper.

richtan      ( Date: 17-Dec-2008 09:50) Posted: (XFN-ASIA) - Kim Eng said it is reaffirming "buy" recommendations on China Hongxing Sports and China Zaino on expected benefits from China's efforts to boost domestic consumption. In a note to investors, Kim Eng said it favored "market leaders with mass market appeal." "These will benefit from China's initiatives to boost its domestic consumption. In the consumer space, we like China Hongxing and China Zaino," Kim Eng said. The target price on China Hongxing is 0.42 sgd, and on China Zaino 0.50. China Hongxing last traded at 0.21 sgd and China Zaino 0.23

 

There is 2 sides to a coin, it also buys  massive buy up around 18 cts, it takes 2 hands to clap, so it also means there are many buying at tat price.

Its a matter of perception, whether u view a cup half filled with water as as half empty or half full.

jackjames      ( Date: 16-Feb-2009 22:57) Posted: 16:59:15 0.18 10,937,000 Sell Down 16:59:01 0.18 5,000 Sell Down 16:58:59 0.185 1,000 Buy Up 16:58:38 0.18 2,250,000 Sell Down that is massive sell down..

 

Just simply dun understand wats wrong with this stock.

TA wise it had been consolidating for the past 3 months, grossly oversold.

FA wise, many broking house recommended buy, recently faetured as highly buy recommnedation in Straits Times & Business Times, coy no debts & profitable, their latest conference call was well-received by fund managers & institution investors & China mkt bullish.

 

16:59:15	0.18	10,937,000	Sell Down
16:59:01	0.18	5,000	Sell Down
16:58:59	0.185	1,000	Buy Up
16:58:38	0.18	2,250,000	Sell Down

that is massive sell down..

 

look like heavy stuck at 18,,,185,,,19cts,,,,,,,,,,,,,white elephan cannot move liao,,,,,,,,,,, 

 

Read this article "Stimulus works for Chinese, IMF to emulate for emerging economies" to see why this counter is a real laggard due for upward bull run soon:

http://blogs.moneyandmarkets.com/real-wealth/stimulus-works-for-chinese-imf-to-emulate-for-emerging-economies/

richtan      ( Date: 16-Feb-2009 09:44) Posted: Watch for  this counter, it has been a laggard for too long. read many reports that China SSE has been on a bull run for the last few weeks & China stimulas action is already working into their economy & consumer spending has been increasing.

 

Watch for  this counter, it has been a laggard for too long. read many reports that China SSE has been on a bull run for the last few weeks & China stimulas action is already working into their economy & consumer spending has been increasing.

 

TOMOROW CHINA COUNTER AUTO GEAR,,,,,,,,,,,,,,,,,,NO CHEERS

 

Hi Hulumas, able to explain more on this controlled share? Thx

Hulumas      ( Date: 20-Jan-2009 17:26) Posted: We call it "controlled share". crimson      ( Date: 20-Jan-2009 16:48) Posted: Can any old bird/expert able to explain why for this counter when ever enough buyer break over a certain buy price, there will be a exact amount of sell down for the waiting queue (dun know if you understand my question)... any explanation/in-sights much appreciated.

 

We call it "controlled share".

crimson      ( Date: 20-Jan-2009 16:48) Posted: Can any old bird/expert able to explain why for this counter when ever enough buyer break over a certain buy price, there will be a exact amount of sell down for the waiting queue (dun know if you understand my question)... any explanation/in-sights much appreciated.

 

Your deduction is plausible. But I guess we'll never know. On the other hand, the Stochastic indicator (till 19 Jan)  shows an oversold condition and seems that much of the stock in this counter has been distributed. I may be wrong of course, but seems that buying interest is starting to grow again.

 

My feel is that there's small investor buying in (even though the lots size can be in the hundreds, but for the price of .185, any small time investor is able to buy up a few hundred lots)... but wat's most puzzling (or cautioning) is that whenever the price breaks above (say) .185/.19, there will be sudden selling down of like very large lot size, seems like someone (BBs?) is waiting to sell/clear they inventory...

equator2010      ( Date: 20-Jan-2009 16:48) Posted: Just that sixth sense ;) what do you think? is my sixth sense on track or out? :P