| Latest Forum Topics / Pine Agritech |
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Capacity expansion
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shinmark
Member |
01-Dec-2006 16:46
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Hi Singaporegal, Hows the TA for this? Good price to accumulate now? Thanks |
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Nostradamus
Supreme |
27-Nov-2006 21:24
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Hi IreneL, Before the share split, the stock was known as Pine Agritech. It would be used for buy-in by SGX purposes on T+4 day, where T = last trading day. After the share split, the new shares are known as PineAgritech. Just a slight change, that's all. |
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IreneL
Senior |
20-Nov-2006 11:23
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Hi francisd I hope you have sold all your holdings. By the way, what is meant by Pine Agritech being delisted? thanks |
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francisd
Veteran |
20-Nov-2006 11:04
Yells: "BUY LOW SELL HIGH" |
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It went down and holding below .60c, due to a report by CIMB on the 8th of nov. to outperfom and target price at 72c. |
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BULLBEAR
Member |
20-Nov-2006 10:20
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Not vested in this stock, but why it keep going down when outlook is still bright? |
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francisd
Veteran |
24-Oct-2006 18:04
Yells: "BUY LOW SELL HIGH" |
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I had entered this stock at 2.33 and now is at 2.96. Handsome profit in a matter of just days. I believe it will still go up and am holding. Will go over 3$. Cheers |
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Nostradamus
Supreme |
23-Oct-2006 22:53
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Share split on 26/10. |
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Nostradamus
Supreme |
14-Oct-2006 12:50
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Och-Ziff Capital Management Group has become a substantial shareholder with a 5.17% stake (31m shares) bought at $2.40. |
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Nostradamus
Supreme |
12-Oct-2006 12:36
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It is higher after a block sale of 31m shares at $2.40, dealers said. A local brokerage said that one of the three founders of Pine Agritech, Dai Yonghu, had sold the shares to a US fund management company which had been interested in taking a sizeable stake in the firm for the last seven months. The buyer's identity may be known soon as its stake in Pine Agritech crosses the disclosure threshold of 5%. |
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cashiertan
Elite |
10-Oct-2006 00:27
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never look back from selling pine. i had used my money to put in K1, metro, cenersave and chinalife. all made $ for me.... |
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Nostradamus
Supreme |
10-Oct-2006 00:25
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Soybean purchase price has fallen by as much as 11% yo in 2Q06 to RMB2.35/kg. This contributed to the decline in soybean component weightage in its COGS from a high of 70% in FY03 to its current 60% level. Going forward, it believes this would be reduced further as it prepares to ramp up more production of SOS, which would see other raw materials like salt and minerals gaining weightage in the group's cost component. CGK has a price target of $3.20. |
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Nostradamus
Supreme |
10-Oct-2006 00:24
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Will be holding an EGM (23/10) to approve the 5-for-1 stock split. The ex-date should follow a few dates after with book close on 30/10 - 1/11. Following the split, number of shares outstanding will increase from 0.6b to 3b, with free float improving from < 200m to > 800m. This will increase the affordability and liquidity of the stock. |
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Nostradamus
Supreme |
26-Sep-2006 10:46
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OCBC says it has started covering with a target price of $3.05 because it expects it to post strong earnings in future. OCBC Securities expects its net profit to rise to RMB430.6m this year to RMB602.6m next year. A key driver of Pine Agritech's growth will be its new soy oligosaccharide syrup, because the company has just signed a distributorship deal with Shenji, which has committed itself to RMB429m-worth of sales in the second half and RMB700m-worth per year until the deal expires in 2011, OCBC said. |
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hikitty
Master |
12-Aug-2006 09:37
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Once it splits (5 for 1) it will become volatile. A classic example is Starcruise which has become very volatile for the past two years after its split. It, therefore, does not make sense to buy Pine Agritech now knowing that it will split and become volatile. Agree with cashiertan's sound advice that there are better counters with higher % to move up. Pse take all brokers' analyses with a pinch of salt! |
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Nostradamus
Supreme |
11-Aug-2006 22:21
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2Q06 margin improved to 40%. Factors such as greater economies of scale, lower raw material costs as well as a shift in product mix to higher margin SOS attributed to gross margin improvement. It also enjoyed cost savings due to the expanded capacity of internally produced defatted soy flakes, which are the raw material for SPI. CIMB-GK has raised its price target to $3.20. |
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cashiertan
Elite |
11-Aug-2006 09:46
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nevertheless i must state that i use to own this counter but have exited this counter at $2.55. |
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cashiertan
Elite |
11-Aug-2006 00:49
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Hmm, i rather keep out or vested a smaller portion of my portfolio on it. like you said, competition is bound to come. and when competition comes, revenue bound to drop and with market always future looking, there is better counters with higher % to move up. |
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Nostradamus
Supreme |
11-Aug-2006 00:34
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It's on the cusp of strong, sustainable growth for the next few years. While competition is bound to increase, its economies of scale, strong R&D culture and first mover position are key advantages that will help it maintain growth. Kim Eng has a price target of $3.25. singaporegal, you may be happy to know that it'll split 1 share into 5. Thereby, becoming cheaper and increasing liquidity. |
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singaporegal
Supreme |
08-Jul-2006 10:04
Yells: "Female TA nut" |
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I agree with cashiertan from a TA point of view.... I'm put off by the low volume in this stock. |
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cashiertan
Elite |
07-Jul-2006 20:17
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Ezra currently resting on the 7 days sma. TA doesnt look that good, may have some dip before cont'd its climb. |
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