Cityneon   

MICE business

Friday (26/10/07)
Closing price hit a resistance @0.705 as plotted on my graph (0.70) and

close @ 0.69 at higher than average volume 517k

All indicators thus remain intact.

Base on its fundamentals, i foresee coming week had high chance of propelling up to break 0.70 or consolidation taking place.

[vested opinion] never inducement for any trade.

 

Congrats to those who buy at @0.63/0.635 few days back
Had been buying also.

If today close  @ 0.72 white candle(weekly), a good sign to run up next week. MACD needs this confirmation.
Do take note STI is indicating MACD cut down though.

Probably today should close at resistance @0.70

[vested opinion] never inducement for any trade.

 

SIAS Research: 25/10/07

Cityneon Holdings LIMITED

• Cityneon, a fast-growing Sesdaq-listed exhibition and event management services provider, announced that booming demand from the global MICE industry has enabled the Group to achieve a record order book of S$41m to date. This is almost equivalent to FY2006?s entire revenue of S$41.2 million and demonstrates Cityneon?s positive outlook for FY2007/08.
• While orders from Singapore operations constitute the bulk (56%) of the current order book, the management sees growing opportunities from overseas markets such as Middle East and Malaysia, which currently make up 42% of the updated order book.

 

Issuing new share at 0.56 ?

 

 

16:28:44	0.645	10,000	Buy Up
16:18:09	0.645	30,000	Buy Up
16:14:49	0.640	10,000	Buy Up
15:46:44	0.645	20,000	Buy Up

The best endurance stock.
Accumulating slowly a bit.
Buy when times are bad.

 

Seems to be forming a bullish flag.

 

I'm keeping for longer term.
The F1 singapore is going to be held 2008 'sept.
Let's see how the tendering goes.

All technical indicators bodes well finally. after 4mths of waiting.

 

Issuing new shares bodes well esp. for Cityneon that had small float of 73.1624million shares existing. Interested parties can't entry even if keen.

This is to increase the shares for institutional interest.

[vested opinion]

 

Basic Background on Cityneon
--------------------------------------------------------
http://www.cityneon.net/
Issue shares: 73.1624 million shares
- Cityneon had strong track record in MICE business.
MICE aka Meetings, Incentives, Conventions, Exhibitions.
- The MICE industry worldwide is growing. With Singapore becoming a major MICE hub.
- MICE biz will further roll in when singapore IR is up
- Had also established itself in the MiddleEast Market and Asia (China market)

- Major events handled by Cityneon include:-
* Asia's largest IT exhibition CommunicAsia,
* Asia Pacific Petroleum Conference (APPEC),
* Travel exhibition NATAS, which are yearly events in Singapore
* Jewellery Arabia in Bahrain,
* Formula One (F1) Grand Prix in Bahrain and Malaysia.
(Experiences in two Formula One races already, s'pore F1 will most likely go to cityneon)
Personal opinion. Not an inducement for any trade decisions. [Caveat Emptor] [vested for half a year; accumulating]

 

thanks teeth. was hoping that we can apply thru atm.but hey congrats, 2 lots better than none..cityneon poised to ride on IR wave n MICE boom in asia and s'pore. F1 too.

 

Hi Joshlai86, thk for further enquiring into it.

Through my Remiser who is kind enough, hope to make some kopi $$$ from miserable two (2) lots, very limited to retailer like me, better then nothings. Application form will have to be collect and submited back to and from  my Remiser together with a cheque reflecting those amount .

 

hi teeth, how to get placement shares for cityneon?thanks!

 

Thk. Tot so...as i m not certian about it, vested in plc-ment.

 

PROPOSED PLACEMENT OF UP TO 13,800,000 NEW ORDINARY SHARES IN THE CAPITAL

OF CITYNEON HOLDINGS LIMITED AT THE ISSUE PRICE OF S$0.56 FOR EACH ORDINARY

SHARE ("PLACEMENT")

halt lifted.

 

Halted......on ?.

 

Still holdng on to this one.
Best endurance stock during the meldown.

Manage buy a bit more during last friday. [vested]

 

50%Fibo support 0.60 well supported so far.
Have a little faith.
Indicators are fine so far.

Should see action sooner than you expected. [vested]

 

i got some....hope this laggard will move soon.

 

Had buy a bit on dip


Never an inducement for any trade decisions.

 

 

cyjjerry85 Senior	Posted: 09-Jul-2007 11:32
x 0 x 0	the volumes are quite low on this counter...hmmm..The Edge magazine really seems influential...gotta subscribe one day soon yea~

 

IMHO. The runup was not really because of the Edge magazine. Cityneon MICE business was very much better than Kingsmen creative way before Kingsmen share price runup.

Now that, Kingsmen creative shareprice had run so much ahead. It just portray Cityneon to become a gem/laggard instead. You could do some studies on both counters if ya got time.

In summary: Cityneon had strong track record in MICE business and had experience in hosting F1 events in malaysia. Most of its orders come back from repeat,satisfied customers.
Fundamentals of this company, i guess other forumer would be much in a better position to comment.

From techincal Aspect, TA is already performing revesal few days back confirmed by past 3 days volume + indicators. 

Volume is slowly returning back to this counter. All time high resistance taken out @ white candle today. I would view this as the start of a new wave.

One word of caution, the price had already runup, do exercise caution. Buy on dips would be a better measure.

Never an inducement for any trade decisions.