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CG Technologies - Time to accumulate
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serene
Senior |
04-Feb-2009 09:50
Yells: "No Venture, No Gains (Caveat Emptor)" |
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Yeah - 50% profit. Thanks to all the support.
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ykjuay
Senior |
04-Nov-2008 10:34
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best buy at 6c b4 too late ....super underval stock in accumulation lately | ||
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serene
Senior |
03-Nov-2008 21:07
Yells: "No Venture, No Gains (Caveat Emptor)" |
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3Q results is out - see it for yourself to decide if there is still value in this one.
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Centaur
Veteran |
17-Sep-2008 09:56
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looks like its moving back up again.. Just did a quick calculation, assuming being prudent,we take RMB 360,873,000 (already less RMB 200mil for the construction of new plant) divided by 468,000,000 shares, there is still net cash of SGD 15.5cents Cash flow should improve further as interest bearing loan is reduce. Its trade receivables and deposits is also about the same as its trade payables and accruals hence not much cash is needed to finance its short term liability (unless of course there is huge default in its receivables.)Continues to be a profit making company with with good operating cash flows (see its cash flow statement). From the above, I see value in this one. | ||
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serene
Senior |
09-Sep-2008 09:22
Yells: "No Venture, No Gains (Caveat Emptor)" |
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Has been on a downward trend - now 13.5 to 14c (multi-year lows), and yet no takers. If you're in this stock, you need patience to reap the returns. Not for the faint-hearted.
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sthinvest
Member |
04-Aug-2008 17:04
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Yes. The stock is sold down due to poor Q2 results. However the selldown seems overdone as the company still reported profit abeit a lower one. They have reorganised their production toward higher value/ margin yarn products. And can see that they are doing R&D on the bi-component fibre material and reported that they are on track in the construction of the industrial bi-component fibre production plants ( China largest ) to be ready in Q1 2009. Stock is now trading 18c or below their nett cash position of 18.5 to 19c per share. NTA is about 35c per share. P/B is approx 0.51. Look very attractive to invest both short and long term. Caveat emptor. Cheers. |
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Nokita
Senior |
04-Aug-2008 10:54
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at another forum, someone did a calculation that C&G's cash is actually higher than the current stock price. which means stock is oversold, ah? the forum link: http://www.nextinsight.com.sg/component/option,com_fireboard/Itemid,67/func,showcat/catid,3/ |
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serene
Senior |
15-Jul-2008 21:24
Yells: "No Venture, No Gains (Caveat Emptor)" |
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I think 23c is a good value to accumulate this stock. Anyone shares the same view? | ||
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178investors
Veteran |
03-Jun-2008 16:04
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27c anyone? okay, let me consult the oracle of omahaWB and the wisdom of the HKsupermanLiKH. HKsuperman has this favourite saying: "When no one want it, that's when I become interested if it's value." OracleofOmaha like to quip this: "Be fearful when the mobs are greedy, but be greedy when the mobs are fearful." Heeh... you decide. |
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serene
Senior |
03-Jun-2008 15:53
Yells: "No Venture, No Gains (Caveat Emptor)" |
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27c anyone? | ||
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zhuge_liang
Supreme |
14-May-2008 00:47
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May be cheap and undervalued, but nobody interested. CIMB report below. 1Q08 net profit of Rmb43.9m was 27% of our FY08 forecast and 26% of consensus. The results look strong again, only because of an exchange gain of Rmb12.2m (4Q07: Rmb11m). The gain emanated from a US$20m loan taken out in FY06 and the strong Rmb appreciation over the US$ in the quarter. Excluding the boost, core operating profit would be only 24% of our FY08 operating profit forecast. Ceasing coverage due to lack of institutional interest. A weak S-chip market has depressed sector valuations to 4x CY09 P/E. C&G Industrial has also fallen down to a micro-cap level. Although the stock not expensive, we believe investors would be keener on the bigger alternatives, especially given the weak outlook for C&G's downstream products. We withdraw our previous target price of $0.78 and Outperform rating, on lack of investor interest. In the near term, we prefer Sino Techfibre for its PMP re-rating catalysts. |
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lucky168
Veteran |
09-Feb-2007 00:42
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report for sharing... < Valuation and recommendation. We pegged our TP to the 8x (20% discount
to comparables average) blended FY07-08 EPS in order to achieve a
normalized earnings projection since most of the contribution from PSF and
compact combed yarn will only be felt in FY08. In view of the execution risk in
rolling out PSF and the streamlining of the business scope, we give a further
discount of 10% to arrive at our TP of $0.94.>
Valuation and recommendation. We pegged our TP to the 8x (20% discount
to comparables average) blended FY07-08 EPS in order to achieve a
normalized earnings projection since most of the contribution from PSF and
compact combed yarn will only be felt in FY08. In view of the execution risk in
rolling out PSF and the streamlining of the business scope, we give a further
discount of 10% to arrive at our TP of $0.94.>
to comparables average) blended FY07-08 EPS in order to achieve a normalized earnings projection since most of the contribution from PSF and compact combed yarn will only be felt in FY08. In view of the execution risk in rolling out PSF and the streamlining of the business scope, we give a further discount of 10% to arrive at our TP of $0.94.>
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francisd
Veteran |
08-Feb-2007 22:01
Yells: "BUY LOW SELL HIGH" |
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Hi guys for your info. the results will be ann. on 22/02/07. Happy investing. | ||
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BullRun
Elite |
08-Feb-2007 19:23
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As expected, up strongly!! BUT, this gem is still undervalued! |
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stockie
Member |
08-Feb-2007 16:29
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when e results out for this ctr? |
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stockie
Member |
08-Feb-2007 16:28
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when e results out for this ctr? |
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lucky168
Veteran |
08-Feb-2007 11:31
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please wait on its FY results b4 commenting on that... hehehe could surprise on the upside! |
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BullRun
Elite |
08-Feb-2007 08:57
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This hidden gem finally get coverage by analyst.....Target Price 89c! |
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zujzuj
Senior |
08-Feb-2007 01:15
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Although most indicators are pointing up but CG tech has hit its upper bollinger band. Expect a consolidation period. *vested* |
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ihatcoy
Senior |
08-Feb-2007 00:26
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ya. i haven't been in the market for quite a while. my alert never beeps =) |
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