SHS    Last:0.125   -

Watch this baby

Wow high volume significant price movements looks like this baby is testing the previous high of $0.23... What's the news? More upside to come?

 

See Hup Seng, the provider of corrosion prevention services in Singapore and distributor of refined petroleum products, today reported a 220% surge in net profit to $7.3 million for the 12 months ended 31 December 2010 (FY10) on the back of a 27% rise in revenue to $199.5 million.

The group’s performance was fuelled by its refined petroleum distribution business which saw an 84% jump in net profit to $6.8 million after acquiring TAT Petroleum and a return to profitability of the corrosion prevention business.

For the three months ended 31 December 2010 (4Q10), the group posted a net profit of $2.5 million, reversing the loss of $1.1 million posted in the year ago period.

This was achieved on revenue growth of 22% y-o-y to $54.6 million in the quarter, thanks to the strong sales performance of TAT Petroleum.

 

/theedge///

 

 

Hi all the BB out there, any comment on this counter? Today internal trade 2m vol. 

 

Why is it dropping after completing the acquisition which should be a good news? It's now almost hitting 52-week low.

 

It is time to monitor this baby liao....

The current TA chart is narrowing, if it break out of 29.5cts or 30cts, it will shot up.   

Just my personal view & do your own study....

 

Two days ago, announced that company would acquire the remaining 49% in Tat Petroleum making it as a wholly owned subsidiary. Funded by internal cash and private placement @28c per share but with 3-year memotarium imposed on the sales of the new shares. Company expressed good growth prospect for the acquisition. Positive news and good opportunity to accumulate when px falls below 28c or near to it.

 

don't believe it ... now top volumn ....

Any special good news?

or just BB pumping it up?

 

chiong ahhhh

 

up another 1.5 cents...wow..

 

time to watch this baby

 

Hit 0.30.

HUAT AH

 

SEE HUP SENG POSTS NET PROFIT OF S$2.3M IN FY2009

Key Highlights:

• Group revenue improved with each quarter in FY2009 to a total of S$157.2M, albeit 22% lower than FY2008
• Early efforts to streamline cost structure helped achieve profitability
• Cash and cash equivalents rose to S$40.5 million despite difficult business backdrop
• Group proposing a tax-exempt (one-tier) final dividend of 0.3 cents per share \

Singapore, 26 February 2010 – See Hup Seng Limited (“See Hup Seng” or the “Group”), a leading provider of corrosion prevention services in Singapore and strategic value-added distributor of refined petroleum products in Asia Pacific, today reported net profit of S$2.3 million for the financial year ended 31 December 2009 (“FY2009”) on full-year revenue of S$157.2 million.

For more, goto www.sgx.com.

 

good luck lady... HUAT Ah!

yummygd      ( Date: 02-Feb-2010 09:44) Posted: see like dat ermmm i dun waste my time q for 0.245 liao. think rally coming i wait for later i go jar gar my counters first....tooo many brain cannot handle....wait see Hongkong market haven open yet right... WLBO_BB      ( Date: 01-Feb-2010 21:50) Posted: maybe to play safe, u continue to queue at 0.245...  if can get, good for u, if cannot get, u still other counter to buy. for me since i already in, i have no choice already.

 

see like dat ermmm i dun waste my time q for 0.245 liao. think rally coming i wait for later i go jar gar my counters first....tooo many brain cannot handle....wait see Hongkong market haven open yet right...

WLBO_BB      ( Date: 01-Feb-2010 21:50) Posted: maybe to play safe, u continue to queue at 0.245...  if can get, good for u, if cannot get, u still other counter to buy. for me since i already in, i have no choice already. yummygd      ( Date: 01-Feb-2010 20:59) Posted: wow for buyers its better for it to not get supported. but cant be that mean. anyway seems like its very strongly supported at 0.27

 

maybe to play safe, u continue to queue at 0.245...  if can get, good for u, if cannot get, u still other counter to buy.

for me since i already in, i have no choice already.

yummygd      ( Date: 01-Feb-2010 20:59) Posted: wow for buyers its better for it to not get supported. but cant be that mean. anyway seems like its very strongly supported at 0.27

 

wow for buyers its better for it to not get supported. but cant be that mean. anyway seems like its very strongly supported at 0.27

 

seehs now sittting on the supporting uptrend line since apr 2009 when it was 13.5 cents.... supporters of this counter do your part ... 27 cents is  the 38.2 % retracement support.... failure to hold & it will go dwn to nxt support 23.6% @22 cents..  it is still below the 200sma currrently.....

 

so this baby is good buy right now.....no wonder tried 0.245 no one cares about me hahaha ok i will see tommorrow how it goes....definately one on my list...thanks everyone Risktaker donate where hahaha donate when see you at Genting is it??

 

see below for TP:

 

 

Remember Buy & Hold :P Just have to wait he cover his shorts !

risktaker      ( Date: 19-Jan-2010 16:46) Posted: Buy ---- HUAT AH risktaker      ( Date: 13-Jan-2010 18:02) Posted: this looks attractive to enter @ 0.30 :) Yummy. Most likely will buy in tomorrow. Zhuge Liang Investment Fund TP: 0.42 - 0.48 Please if you make $$ on this baby please donate. HUAT AH

risktaker      ( Date: 19-Jan-2010 16:48) Posted: Remember Buy & Hold :P Just have to wait he cover his shorts ! risktaker      ( Date: 19-Jan-2010 16:46) Posted: Buy ---- HUAT A

 

see below for TP

risktaker      ( Date: 19-Jan-2010 16:48) Posted: Remember Buy & Hold :P Just have to wait he cover his shorts ! risktaker      ( Date: 19-Jan-2010 16:46) Posted: Buy ---- HUAT A