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Advance holding +6cents to $0.415 on vol of 31.8 mil share traded.
For those who bought recently $0.36 / $0.365 after this stock is over sold (down) and are patient enough, patience got paid off today. It's now closed at $0.415 and believe me, if U do keep it for a while for demand will out strip supply.
Biodiesel projects have the potential but the costs are prohibitive. Investors should take into account the costs Advanced may incur.
bought some at high px. yesterday average down.. I will wait till next week than slowly sell all the way up.
Hi, derekchong, the counter has staged a strong come back this morning and it is now pushing $0.415. Good news to you.
Global demand for biodiesel is expected to hit some 10m tonnes in the next few years, according to a Bloomberg report. Malaysia is aiming to capture at least 10% of the market.
It has obtained approval for a manufacturing licence from Malaysia's Ministry of International Trade and Industry to develop a biodiesel project in Kuantan, Pahang, Malaysia.
The proposed biodiesel project is planned to have an annual production capacity of 100,000 metric tons. The project will use CPO and or Refined, Bleached, Deodorized (RBD) Palm Olein as its main feedstock.
It's in the midst of discussions with several potential strategic partners to participate in the project.
This stock is sort of been over sold down on bad news
Hope they be some ppl collect at low of $0.36/$0.365, where it is time recommended for collection and keep it till above $0.40, good luck to those vested traders.
Lots of selling and short selling the past few days. Could be rising due to short covering.
strong buying back by institution and retail investors.
cheers!
About 45 million shares were traded during the last 3 days .I think majority of the stock came from these 2 investment fund.So now the qusetion is who buying such a huge volumn.SGX posting has not show any big buyer yet.There are other investment fund holding this counter also but did not unload.Maybe they are accumulating because of different in assessment and time frame.
Lloyd George Investment Management (Bermuda) Ltd. also reduced its stake from 7.84% To 1.04%.
Serious selling from Asian Small Companies Portfolio. It reduced its stake from 7.47 % To 0.99 % or 2.575m
No that I can see from the SGX postings. The latest postings were on 8 Aug. There was paring down from FM unloading some 3.37 million shares.
Any information on directors/institutions/funds buying back this stock.
The stock price decline has been arrested. Volume has also come down. No sure how much of shortselling was done without covering. SGX will initiate buy back next Tuesday. A rebound is anticipated. Good time for bargain hunting. Should be able to make some money if you plan to hold for a few weeks.
It is consider cheap at this px now, a discount from it $0.62 cents peak period or about more then a 3rd in % term..
Well well Advance Holding has gone below 50 cents liao. It is a good time to do collection of this stock however do it with your mean. it is now trading at $0.37
1H06 revenue fell 43% yoy due to delays in orders for 2 ethylene crackers as Sinopec's main contractor, ABB Lummus filed for Chapter 11 Creditor Protection. Net margin fell due to weaker sales and higher costs from a larger workforce. The much anticipated contribution from contracts for clean fuel process equipment and technology from refineries in the PRC didn't materialise in 1H06.
As the problem between Sinopec and ABB Lummus has been resolved, orders is expected to flow through in 2H06. There may be a small contribution from newly acquired Control & Application Asia and a clean fuel contract from CNOOC by 2H06. It's also venturing into bio-diesel project. It's in the midst of securing exclusive partnership to provide and supply bio-diesel process technology and equipment. There's still a lack of order book visibility.
Westcomb has a price target of $0.46.