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761-780 of 970
i am sorry for those who buy china milk. Its gonna fall deep.
There are some pressure selling to push price down but potentially, this is a good stock looking into the PE ratio and earning per share. Stretagy is sometime makes you feel otherwise !
Why do you say so? It hurts me!
soloman ( Date: 10-Nov-2009 10:40) Posted:
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it will fall further .... :) Please stay out...
interesting price but i am not going :) As i just review its FY report ..... i have left with many doubts. Have to study this deeper.
risktaker ( Date: 09-Nov-2009 10:49) Posted:
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one junk stock
okie join in the fun now.. yest didnt break below 30cts... n my support point is 32.. load up some to see if they can rebound.. prospect unclear but i feel is abit over done!! NAV above 60cts.. still worth a bet!
I think 5 lots also from hard earn money ...
jackjames ( Date: 09-Nov-2009 22:28) Posted:
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5 lots? don't waste time, seriously.
albeniz ( Date: 09-Nov-2009 18:40) Posted:
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I am a small-time player. Recently just bought 5lots at $0.455.
Is it better for me to keep on averaging down and hold for long term or just sell them away?
It has major problems with its principal products - in my view, there is little light ahead man
alvios ( Date: 09-Nov-2009 13:04) Posted:
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prospect nt really gd.... but price wise.. 32 also break.. i believe can hit below 30cts
wow. drop to $0.31 already. haiz.
also vested much of my bullets in there at ard $0.50 range.
Did the market over react to the reports? Is it a good stock to keep for the mid-long term? Any shifus here to advise?
it will be in my radar if this is around 0.28 but I will surely enter at 0.24 :)
Not 0.30
anyone interested in current lvl?
broken.. wait at 30cts now
if 365 breaks then hoseh liao.. can queue at 30-32cts..
freeme ( Date: 04-Nov-2009 17:30) Posted:
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DJ MARKET TALK: Phillip Sec Cuts China Milk Products To Sell
0208 GMT [Dow Jones] STOCK CALL: Phillip Securities downgrades China Milk Products Group (G86.SG) to Sell from Buy on concerns over lower demand, prospect of even lower selling prices. Cuts target price to S$0.30 from S$0.91, based on 6X FY10 P/E vs 3-year historical 7X P/E, after reducing FY10-12 forecasts for revenue by 46%-53%, for earnings by 59%-73%; "although we still feel that the Chinese government is committed to ensuring product quality, this has not materialized into higher demand for CMP's products. We think CMP will be facing pricing pressure from lower demand and may have to lower its average selling prices to entice demand." Notes revenue for fiscal 2Q10 down 75.2% on-year at CNY41.1 million on weakness in all three product segments. Stock flat at S$0.375. (FKH)
Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com
wait for the selling pressure to subside then go in to avg up..365 is the current support
albeniz ( Date: 04-Nov-2009 17:19) Posted:
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Any prospect for this stock?
Bought at 0.455 a few days ago and it drops to 0.375 today.