Correction: "to press the press" should read "to press the price"
Hulumas ( Date: 30-Jul-2010 17:22) Posted:
Closing also some one dumps one lot only again at Sgd. 0.07. Why on earth some one just like to cut loss and lossing money purposely towards this counter? It seems in SGX trader, he/she likes to cut loss in order to press the press down rather than let the price goes up . . . WHY ? WHY . ? WHY. . ?
Hulumas ( Date: 30-Jul-2010 10:24) Posted:
Back to justifiable price again today @Sgd. 0.085. Funny transaction. Is not it?
Closing also some one dumps one lot only again at Sgd. 0.07. Why on earth some one just like to cut loss and lossing money purposely towards this counter? It seems in SGX trader, he/she likes to cut loss in order to press the press down rather than let the price goes up . . . WHY ? WHY . ? WHY. . ?
Hulumas ( Date: 30-Jul-2010 10:24) Posted:
Back to justifiable price again today @Sgd. 0.085. Funny transaction. Is not it?
Why the market keep pressing down this counter ignoring the strong recovery fundamental of this counter! 20 lots only at Sgd. 0.065 done so far! I 'll keep queueing at this price to buy. Ha. ha.. ha... Thanks for the seller!
Hulumas ( Date: 20-Jul-2010 10:36) Posted:
The way UNIFOOD price movement is one of the good example SGX belongs to >95% traded orientated capital market! It is unhealthy market mechanism! It needs further improvement from SGX's trading mechanism regulation, I presume!
Hulumas ( Date: 23-Jun-2010 12:23) Posted:
Bottom out price at <Sgd. 0.10. It is worth accumulating now!
1. They have arranged revolving for future extention loans from several Banks in China. (Pre agreeable for future extention loans while contracting the first opening servicing loan in the first place)
2.Currently about 83% of CHINA JISHAN revenue is generated locally/domestically, hence, currecy risk is not much playing an important rule.
3.The new factory production capacity is more than double the previous old factory production capacity, sudden increament in administrative cost is rational and not a big issue.
All the above facts and figures, I have personally investigated and checked during my courteous visit to their old and new factories and main office operation. Hope this information will subside your worry.
hamster83 ( Date: 28-Jul-2010 23:38) Posted:
With regards to China Jishan. I am pretty much neutral abt the stock. The revenue growth looks good and is worth vested. Share price looks fairly valued. Think it is pretty much a growth company and with a new factory, they can generate larger sales. Will not go into the good points. However, just to point out several risk points you will have to take note if you are a long term investor based on the annual report.
1. Financing. They arrange for a new factory. Take note of the large increase in the payables. However they are financing a long term asset with short term loans. Will have to see how they are arranging to finance this large payment. Based on the current cash holdings. They are unable to pay off. Wondering how they intend to finance. ( long term or short term) or equity (rights issues or private placement)
2. Exchange rate. I do not really know their business nature or the geographical segmentation of ther sales revenue. However, generally the textile industry is affect by CNY/USD rate due to its highly export reliance. Any revaluation of yuen upwards might reduce its gross margin if they have to cut prices. But I doubt Yuen will increase much.
3. Increase in administrative cost requires further investigation. 2 fold jump. what is the reason for the large increase? They mentioned that it is due to the increase in administrative staff. But this description is pretty vague. 2 times the number of staff, or the staff cost is increasing rapidly?
Thank you very much for your wise analysis of Sunshine Holding. I 'll go accordingly to what you said. China Bearing I 'll keep buying then!
hamster83 ( Date: 28-Jul-2010 23:00) Posted:
Well, since you bought, just hold it I guess. I am expecting a china wave to come in the 2nd half of the year 2010 since the correction already take place in first half of 2010. Probably, you can target for short term profit. Probably you can set a time frame for holding. Just do not hold this for long term. A correction to what I said earlier. First quarter sales is CNY 34.6million Yuen. Sales Turnover is a important indicator for this company for the subsequent quarters. If the property market continues to be red hot in China, well probably you can make some very good gains. The reverse will also be true. Do not worry too much as I think the share price for this stock is near bottom.
As mentioned earlier, I am expecting a china wave to come. Probably you can make some short term quick profit by offloading at before the next correction. Personally I do not invest in high risk stock. Not vested personally.
Personally I do like your recommendation of China Bearings. Do not expected major change in revenue. Just betting on correction based on its NAV. Low risk and potential gain.
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