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Sheng Siong

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spkcheong
    28-Aug-2011 12:06  
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  You are surely showing a magnanimous attitude by your intention to leave some for others!

There are those who bought at 31cts, and, at the other end, many bought at 49.5cts. Every trading day

many offload to make way for others, let's pray few will have to carry the baby, eventually!

hpong5      ( Date: 28-Aug-2011 11:51) Posted:

Will offload everything once it breaks 0.50. Leave some for others.

 
 
hpong5
    28-Aug-2011 11:51  
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Will offload everything once it breaks 0.50. Leave some for others.
 
 
teeth53
    28-Aug-2011 11:51  
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Till it arrive, and when arrive, the redbull is still charging...how?. just like in today situation.

SS is more and more getting into defensive play, due to it nature of very micro business.

Many, many buyers, many many profiting now. So look like BBs will oso look after small boys.

Ipunter mentioned SS is apple of Singapore for now. Lossing out is would be Genting SP and GAR.

Just sharing my trading experience,

RachelG      ( Date: 27-Aug-2011 22:26) Posted:

nonononono.................. Sheng Siong will only drop when it hit 0.695 :)

 

 
RachelG
    28-Aug-2011 11:19  
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Agree. If it breaks 0.500 tomorrow, i am going to buy somemore.
 
 
chinton86
    28-Aug-2011 10:42  
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This report is from DBSVickers when the share price is at between 47-47.5 cents. However, the stock stil go even higher to 49 cents, a 4% increase after the bearish report. This shows that the bull is there and once fully charge might even become another ZhongminBH. I am wondering if DBSV did do a trading report on ZMBH before writing this or they just keep quiet after their prediction is wrong at that current time when ZMBH went up from 30 odd cents to even this current level.

RachelG      ( Date: 28-Aug-2011 10:35) Posted:



Technically, we see little or even no upside to the current rally in Sheng Siong shares in the short-term. For short-term traders who wish to buy, don’t chase at current level. For traders who are already in the stock, consider locking in some gains and wait to buy at lower level. Sheng Siong has attracted much attention after its strongperformance since debut but there is increasing likelihood that the trend could turn from current up to sideways. One reason why this stock is able to attract interest recently is because it plans to give 90% of net profit as dividend which sounds good under the current uncertain macro environment. DBSV Research does not cover the stock. We note that the company had highlighted higher operating expenses, a possible drop in profit margin and a drop in other income in their prospectus under the section “Prospects Business and

 

 

Future plans - Trend information”. Using FY10 historic numbers (profit S$42.6mil) the current price level at $0.49 would yield 5.8% while historic PE is expensive at about 15.4x. At 5.8% yield, there are alternate choices for investors to choose from within REITs and telcos. Technically, from here in the short-term, a 38.2% downward retracement to $$0.435 or a 50% downward retracement to $0.415 providesbetter entry opportunity but not now.

 
 
RachelG
    28-Aug-2011 10:35  
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Technically, we see little or even no upside to the current rally in Sheng Siong shares in the short-term. For short-term traders who wish to buy, don’t chase at current level. For traders who are already in the stock, consider locking in some gains and wait to buy at lower level. Sheng Siong has attracted much attention after its strongperformance since debut but there is increasing likelihood that the trend could turn from current up to sideways. One reason why this stock is able to attract interest recently is because it plans to give 90% of net profit as dividend which sounds good under the current uncertain macro environment. DBSV Research does not cover the stock. We note that the company had highlighted higher operating expenses, a possible drop in profit margin and a drop in other income in their prospectus under the section “Prospects Business and

 

 

Future plans - Trend information”. Using FY10 historic numbers (profit S$42.6mil) the current price level at $0.49 would yield 5.8% while historic PE is expensive at about 15.4x. At 5.8% yield, there are alternate choices for investors to choose from within REITs and telcos. Technically, from here in the short-term, a 38.2% downward retracement to $$0.435 or a 50% downward retracement to $0.415 providesbetter entry opportunity but not now.
 

 
warrenbegger
    27-Aug-2011 22:28  
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Why some of U so naughty one? Some of U change name ah?

Already profit shiok shoik liao still PM me want me to strip naked and run around istana!

Wait i kanna caught and post on headlines, FB and YouTube how?

Wish U all good luck and profit like siao la.

To another XXX, Thanks.  I need a good rest so i didnt hold any counter now, everyday had to analysis very hard and plan for the surprise is very stress too. And the whole market  is still very unstable  now, thats why i do nothing. CareBear still had an upperhand, but Redbull still  havent die too. I need some data from market first before i can do anything, if not all is just 50/50 gambling and thats risky.

Wish U all and market green green but not face green  green  all the way. Cheers :)

 
 
 
RachelG
    27-Aug-2011 22:26  
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nonononono.................. Sheng Siong will only drop when it hit 0.695 :)
 
 
iPunter
    27-Aug-2011 20:45  
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In days of old, I used to remember a certain Mr Sutherland,

    who wrote in his newspaper article highlighting the 

                virtue of always " leaving some for the next man" ... Smiley


hpong5      ( Date: 27-Aug-2011 19:14) Posted:

Maybe it will be good to unload next monday. Leave some for others. Price surged 50% already anyway. Any further cheong will be a good opportunity to short.

 
 
teeth53
    27-Aug-2011 20:24  
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On  last Friday.  BBs changed hands @0.495c, +DOW closed up +134.72pt or +1.21%.

Aug 29th/31th.  Heavy  trading expecting btw @0.505/0.535. No trading on  30th Aug  (Hari Raya Puasa).

SS (OV8) uptrend  is consolidating tis coming weekend, (Thurs/esp-Fri 1st/2nd Sept)  toward new high.

Yup..confident in SS is there, for now, oso expecting a  volatile coming week. Happy trading/punting..Ya.   
24-Aug-2011 17:31 Sheng Siong     /    Sheng Siong           Go to Message
Fri-Ah Ben speech may provide some postive Q for Thurs,. STI Index. Snd like Cheongg ARHH.


http://www.bloomberg.com/news/2011-08-26/bernanke-says-fed-has-stimulus-tools-doesn-t-signal-their-use.html

NOTE: " Bernanke is the mkt whisperer, agree with him or not, it's clear that investors are going to follow his every word. And he needs the mkts tobe higher," mkt inspires confidence, that could be a key way to help the Fed indirectly fulfill its jobs mandate."

teeth53: just sharing my thot, Asia bourses will open green Monday Aug 29th and on 1st Sept.


wishbone      ( Date: 27-Aug-2011 15:12) Posted:



With Dow showing good +ve sign after Ben Bernanke's speech despite a drop of more than 200 pts at the beginning, I suppose the confident level of many investors has not affected too much.

Hope that the Asia bourses will follow suit on Monday

Smiley

 

 
hpong5
    27-Aug-2011 19:14  
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Maybe it will be good to unload next monday. Leave some for others. Price surged 50% already anyway. Any further cheong will be a good opportunity to short.
 
 
iPunter
    27-Aug-2011 17:49  
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When a stock is " kee hong" (surge), 

        it may even trade at 80x... lol...  Smiley


hpong5      ( Date: 27-Aug-2011 17:31) Posted:

It is now trading at just 15.5x PER as compared to the initial 10.4x PER at $0.33 IPO price.

 
 
hpong5
    27-Aug-2011 17:31  
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It is now trading at just 15.5x PER as compared to the initial 10.4x PER at $0.33 IPO price.
 
 
wishbone
    27-Aug-2011 15:12  
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With Dow showing good +ve sign after Ben Bernanke's speech despite a drop of more than 200 pts at the beginning, I suppose the confident level of many investors has not affected too much.

Hope that the Asia bourses will follow suit on Monday

Smiley
 
 
chinton86
    27-Aug-2011 14:43  
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It will
 

 
hpong5
    27-Aug-2011 14:24  
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Maybe monday will gap up and break 0.50 in high volume.
 
 
iPunter
    27-Aug-2011 13:45  
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Like at Sentosa... lol...  Smiley

EdwardLiu      ( Date: 27-Aug-2011 13:41) Posted:



This counter you dont average up. Long or short, you make your decision.

Large voulumes. Go in " mau" and get out.

 
 
EdwardLiu
    27-Aug-2011 13:41  
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This counter you dont average up. Long or short, you make your decision.

Large voulumes. Go in " mau" and get out.
 
 
iPunter
    27-Aug-2011 13:14  
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But if it goe up some more, 

      you will surely become gian-gian.,

                    and rubbing your hands together,

                                  and buy, ... and maybe also will

                                              average up (ie.buy a lot more)... lol... Smiley

bryansng      ( Date: 27-Aug-2011 12:07) Posted:

been thinking if i should enter trade for this counter.... thought for so many days.. and im still not in hahaha

 
 
bryansng
    27-Aug-2011 12:07  
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been thinking if i should enter trade for this counter.... thought for so many days.. and im still not in hahaha
 
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