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Pac Andes
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Gallen
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23-May-2006 23:40
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Extracted from my blog http://kelongstocks.blogspot.com Technical Analysis Pac Andes displayed a thrusting pattern candlestick today, very similar to most China stocks which opened above yesterday's close, tested a new low and rebounded to close within the body of the previous day's bearish belt-hold candlestick. Today's candlestick pattern does not signal a bullish reversal yet, in fact, it is still a bearish candlestick until we can another such candlestick within the next few sessions or if prices are able to pierce more than 50% of the bearish belt-hold candlestick's body (at 74 cents). Resistances: 74.5 cents, 75.5 cents, 78 cents (EMA 50) and 79.5 cents (downtrend line resistance and former gap resistance), 81 cents (support turned resistance) Supports: 71 cents (EMA 100), 65.5 cents, 64.5 cents (6 month uptrend line), 61 cents (EMA 200 and previous support on 20 Feb 06) Indicators: Bearish (RSI showing bullish signs, cutting up from oversold region and confirming price action today, MACD still increasingly negative despite rebound, Stochastics has dipped into oversold region despite rebound today). Volume has increased on today's rebound compared to the lower volumes yesterday when prices plunged which is a healthy sign. |
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Gallen
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23-May-2006 19:59
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Extracted from my blog http://kelongstocks.blogspot.com Fundamental Analysis Pac Andes reported profit attributable to shareholders jumping 66.4% on the back of strong demand and better pricing as well as an exceptional gain of HKD 81.3m (SGD 16.6m) from dilution of interest in China Fishery. Pac Andes expects FY 2007 to show continued growth on higher contributions from China Fishery's new Vessel Operating Agreement which started to contribute to 4Q FY06 earnings (full year impact to be felt for FY07). Also, China Fishery's expansion of operations in Peru will allow Pac Andes to provide more value added services. Dividend of 1.82 cents is rather disappointing though, think shareholders had expected more especially given recognition of exceptional gains. Pegging Pac Andes at 10x forward 2007 P/E yields fair value at $1.00 (forecast revenue figures have been pared down but net margins have been increased due to better than expected pricing, better operating efficiency and expected higher net contribution from China Fishery. Market cap for Pac Andes is $475m at today's close. 31.1% stake in China Fishery (based on closing price of $2.84) is worth about $320m i.e. market cap for remaining fish trading business is $155m or about 5.9x forward P/E for FY 2007 (after excluding China Fishery's contribution). ............final fair value and conclusion at my blog |
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Gallen
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23-May-2006 19:59
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Extracted from my blog http://kelongstocks.blogspot.com Fundamental Analysis Pac Andes reported profit attributable to shareholders jumping 66.4% on the back of strong demand and better pricing as well as an exceptional gain of HKD 81.3m (SGD 16.6m) from dilution of interest in China Fishery. Pac Andes expects FY 2007 to show continued growth on higher contributions from China Fishery's new Vessel Operating Agreement which started to contribute to 4Q FY06 earnings (full year impact to be felt for FY07). Also, China Fishery's expansion of operations in Peru will allow Pac Andes to provide more value added services. Dividend of 1.82 cents is rather disappointing though, think shareholders had expected more especially given recognition of exceptional gains. Pegging Pac Andes at 10x forward 2007 P/E yields fair value at $1.00 (forecast revenue figures have been pared down but net margins have been increased due to better than expected pricing, better operating efficiency and expected higher net contribution from China Fishery. Market cap for Pac Andes is $475m at today's close. 31.1% stake in China Fishery (based on closing price of $2.84) is worth about $320m i.e. market cap for remaining fish trading business is $155m or about 5.9x forward P/E for FY 2007 (after excluding China Fishery's contribution). ............final fair value and conclusion at my blog |
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Gallen
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14-Apr-2006 00:07
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Extracted from my blog http://kelongstocks.blogspot.com Please remember to reward me if you like the writeup, pm me if you don't know what i mean [B]Fundamental Analysis (update)[/B] For every 1 cent rise in China Fishery, Pac Andes intrinsic value would rise by 0.185 cents given its 31.1% stake in the former. China Fishery rose 19 cents today which, ceteris paribus, means the intrinsic value of Pac Andes would have increased by 3.5 cents. However, Pac Andes only rose 2.5 cents today, indicating further potential upside. ...........continued at my blog |
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Gallen
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13-Apr-2006 08:25
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Extracted from my blog http://kelongstocks.blogspot.com Please remember to reward me if you like the writeup, pm me if you don't know what i mean :D [B]Fundamental Analysis[/B] Market cap for Pac Andes is $520.6m at today's close. 31.1% stake in China Fishery (based on closing price of $2.99) is worth $336.6m i.e. market cap for remaining fish trading business is $183.9m or about 4.9x forward P/E for FY 2007. This appears undervalued for this segment of the business which will continue to experience healthy growth. ...............continued at my blog |
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Nostradamus
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13-Apr-2006 00:42
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Pac Andes has a stake in China Fish. So if China Fish goes up, Pac Andes will benefit. |
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Gallen
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12-Apr-2006 20:54
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Extracted from my blog http://kelongstocks.blogspot.com Please remember to "reward" me when you drop by, pm me if you don't understand Technical Analysis Pac Andes is in a steady uptrend channel. Stock gapped up on 28 March to 81.5 cents from 74 cents and has held generally above this gap support. Prices have consolidated within a tight trading range of 79.5 cents to 85.5 cents as volume declined (weak-holders being flushed out). Supports: 81 cents (recent support), 79.5 cents (intra-day low hit when prices tested gap support) Resistances: 85.5 cents (intra-day high), dark blue uptrend channel resistance line (initial resistance for tomorrow is 88.5 cents) ................continued at my blog |
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