Latest Forum Topics / China Sports | Post Reply |
China Sport
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dealer0168
Elite |
10-Jul-2009 19:34
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Still got chance for a reversal, stay positive. Cheers.
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el7888
Veteran |
10-Jul-2009 18:45
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Hopefully not. Today market volume remains sluggish with light volume. This may happen in the next few days with indecisive sideway move. Wait and see.
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Bintang
Elite |
10-Jul-2009 17:32
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China Sports is still not performing well today . Look like the support at 13 cents may give up . The down trend could be confirmed if not rebound by next week . | ||||
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el7888
Veteran |
10-Jul-2009 13:35
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dealer0168, Very helpful advise. Thanks. Another gem!
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dealer0168
Elite |
10-Jul-2009 12:07
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Actually alot of traders are hoping for China Sport to drop somemore so as to get cheaper value one. Why, bc in actual this company is ok one. Just remember in real life nothing is fixed. And up & down of a stock can also be affected by results of the economy outcome. If u think the market is really bearish, keep on sideline, don't buy any stock. *N take note: next weeks alot of news affecting the STI index will be released. So see for yourself. And must remember: "It isn't as important to buy as cheap as possible as it is to buy at the right time." (Just my opinion)
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el7888
Veteran |
10-Jul-2009 12:00
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Additional news about China Sport. China Sports - A low-end sports fashion brandCompany Overview — Despite management believing that there are still uncertainties on sportswear demand this year, China Sports targets to improve its profit margin in 2010/2011 on a change of revenue mix and lower effective tax rate. China Sports has net-cash of Rmb679m (S$143m), representing 111% of market cap. It trades on 4x 2010 PER, with 16% earnings growth in 2010, based on consensus estimates.
Business Strategy — Retail network expansion. Brand building through advertising and celebrity endorsement. Expand products offering and increase in-house production. Industry Overview — China sportswear market has doubled to Rmb41bn from 2003-07, according to Euromonitior. Competitive Analysis — The sportswear market in China is largely dominated by a few international brands and national domestic brands. The key competitors of China Sports are ERATAT, Doublestar, Aokang, etc. Recent Results — 1Q09 earnings were up only 7% to Rmb50 despite revenue being up 32% yoy. No dividend was declared for 1Q09. China Sports does not have a fixed policy on dividend. In FY08, payout was only 10%. Strengths — Large distribution network in China. Good recognition of its core Yeli brand in the low-end segment. Strong balance sheet. Weaknesses — The sportswear market in China is competitive and distributors are bargaining for more support. Sportswear goods are sensitive to the economic cycle. Sponsored Links |
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niuyear
Supreme |
10-Jul-2009 11:49
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shanghai composite index gains- think got hope that this will surge??
SHANGHAI
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richtan
Supreme |
10-Jul-2009 11:41
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Hi waynekwek, If u are new to trading, my advise is learn the ropes of the trade, master TA n u are the master of your trade. I m a strong advocater of TA, it is the compass of a trader. Click on my nick n read all my sharings, advice, recommnedation of a few good TA books, "Free Tutorial on TA" n expert nalysis websites. I had complied a list of websites why u can also learn TA: (1) http://www. (2) http://www.singaporestocks. (6) free TA: http://www.youtube.com/watch?
U can also see how the expert analyse charts, eg: http://stockcharts.com/def/
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dealer0168
Elite |
10-Jul-2009 11:38
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This counter is ok....... The FA of the company is good. See how individual view. N whether u are a short/ long term trader. Emm for a rally, i think need some catalsyt to spur it up. |
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richtan
Supreme |
10-Jul-2009 11:36
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Hi waynekwek, At times when the mkt is unclear, it is wise to stay out till buy sign appears or look for other stocks tat shows buy sign. Read my posts and other forumers sharing below.
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waynekwek
Member |
10-Jul-2009 11:30
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Dunno how to buy? At $0.13 and $0.135, neither side is relenting. Are there potential in this company? I thought many people feel that this is a good counter, then why so low volume traded? Waiting for some news? *puzzling* | ||||
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el7888
Veteran |
10-Jul-2009 11:15
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This is the place to help each other to learn and maximise our grasp of TA. I am learning. Today market volume remains sluggish with light volume. Don't know how to get in. Just wait.
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richtan
Supreme |
10-Jul-2009 10:25
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I m also learning from u n the rest, we exchange pointers.
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Bintang
Elite |
10-Jul-2009 10:21
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I m no gem too , I m still learning from richtan n other experts in this forum .
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niuyear
Supreme |
10-Jul-2009 10:13
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Shanghai A share index keeps falling and i wonder can the china stock surge in near term while chinese stocks are under correction. |
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richtan
Supreme |
10-Jul-2009 09:46
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Nah, I no gem, just an average trader. Thre are many other gems here, eg. like u, Bintang, etc
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el7888
Veteran |
10-Jul-2009 06:33
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richtan & Bintang, Both of you are the gems of this forum. your discussions will benefit all.
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richtan
Supreme |
10-Jul-2009 00:05
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It is good for traders tat trade big lots by scalping but must be very alert to hit and run when it touch the resistance in case it turns down and wipe out watever profits made..
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richtan
Supreme |
10-Jul-2009 00:02
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MA are by nature lagging indicator n candlestick, leading indicator, but of course the downtrend ma pose as resistance, if it fails to break above it but reverse downwards and breaks today's low, it resumes the downtrend just as it happens between 23/6 to 26/3. Personally, I would prefer to wait for it to clear the ma as it is too near to have any meat to eat, the risk/reward is not favorable.
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Bintang
Elite |
09-Jul-2009 23:29
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Richtan , one more question for u , has the 200MA cut down across the 10 MA any effect to the price movement ? Thanks for ur answer . | ||||
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