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SYNEAR - PUNT OR INVEST!
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xinssh
Member |
26-Feb-2008 11:01
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aiyo... 0.785... like not stopping.. |
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limhpp
Veteran |
26-Feb-2008 10:59
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Aiyo, even cheaper now.... 0.79 |
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nickyng
Supreme |
26-Feb-2008 10:59
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oh yes !! my prayer answered !! hee...79cts !!! way to go man !! :P |
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nickyng
Supreme |
26-Feb-2008 10:44
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ayo...DEADLOCK at 81cts ?!?!?! like dat how to SHORT??!?! hello...BBs...pls do your work !! hee....been stagnant rangebound 80-82cts for 30min or so liao leh *yawn* :D |
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limhpp
Veteran |
26-Feb-2008 10:41
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No more support. Historical low now. |
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freeme
Elite |
26-Feb-2008 10:14
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Yup.. can see that many small lots buy up.. vs super large size lots sell down.. scary |
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nickyng
Supreme |
26-Feb-2008 10:03
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wow..with so many uncles and aunties punting on this...i think wiser to SHORT further..hee....likely they cant hold...hee....then again i might be WRONG !! :P who dares win !! :DD |
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cyjjerry85
Elite |
26-Feb-2008 10:02
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looks dangerous still.. |
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jackjames
Elite |
26-Feb-2008 10:01
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yes, fast rebound is expected . |
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freeme
Elite |
26-Feb-2008 09:59
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from what i see is 0.8 is the support.. With such a large selldown, im punting on a fast rebound.. |
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Brendan982201
Member |
26-Feb-2008 09:57
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wat is the next support? |
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freeme
Elite |
26-Feb-2008 09:51
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Just enter come lots on this counter at 0.82 :) |
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knightrider
Elite |
26-Feb-2008 09:49
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Sorry, not from BT, from CIMB ! |
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knightrider
Elite |
26-Feb-2008 09:47
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Report from BT :- Synear Food Holdings (S$1.03) - 4QFY07 results - Missing on all fronts Below expectations. FY07 net profit of Rmb475.8m (+17.2% yoy) missed our estimate by 16.6% and consensus by 14.4%. 4Q07 net profit of Rmb63.8m was 59.7% below our expectations, due to lower-than-expected sales, slimmer gross margins, and an unexpected 18% tax. Flat top line. Topline growth was only 1.3% yoy vs. our expectation of +24.3% yoy, with weak sales across the board. Sales volume actually fell 6.7% in 4Q07, despite stronger seasonality in 4Q. Gross margins narrowed. Gross margins narrowed further to 27.6% in 4Q07 from 28.7% in 3Q07, below our expectation of 30.3%. The slimmer margins were likely a result of higher input costs, especially pork which surged past the August high in 4Q07. Increased selling and distribution expenses. Selling and distribution expenses continued to grow, by 14%yoy to Rmb725.2m, representing 12.6% of total revenue. The jump was blamed on higher advertising expenditure and transportation costs due to a higher number of distributors (604 in FY07 compared to 515 in FY06). Cutting FY08-09 EPS estimates. The poor performance raises concerns about management?s aggressive growth plans. We have lowered our sales forecasts, and chosen to be more conservative in our margin estimates. As a result, we have cut our FY08-09 EPS estimates by 17.0-19.6%. Downgrade to Trading Sell from Outperform; lower target price of S$1.14 from S$1.75. In view of the poor 4Q07, we have lowered our target from 15.0x CY09 P/E to 12.0x CY09 P/E, which translates into a reduced target price of S$1.14. This represents a discount to current valuations for Hong Kong peers, but still a premium to Celestial (CENU SP, S$0.71, Outperform, target price S$1.20) which has a significant retail segment. Despite the 10.7% upside potential to our target price, we believe the market will react to this set of results, resulting in near-term pressure on the share price. Hence, we downgrade our rating to Trading Sell from Outperform. |
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limhpp
Veteran |
26-Feb-2008 09:46
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Looks like BB stop dumping already. Is it good time to enter? |
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Brendan982201
Member |
26-Feb-2008 09:45
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anybody knw why massive selldown?? |
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nickyng
Supreme |
26-Feb-2008 09:41
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wah target $2.19 ?!?!?! SURE OR NOT ?!?! that is almost 270% of current 81cts leh !?!?!? hahaha....mabbe i will switch to long on this burgger ?!?! :PPPP cheers! |
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limhpp
Veteran |
26-Feb-2008 09:35
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0135 GMT [Dow Jones] Synear Food (Z75.SG) tumbles to lowest price since 2006 IPO after FY07 results fall short of expectations; shares down 21.4% at S$0.81. Order book shows buying support grouped at S$0.80, may provide floor for shares. Deutsche Bank says FY07 net profit of CNY475 million was 17% below broker''s own forecast as higher raw material prices ate into margins. Says weak 4Q07 performance particularly worrying as usually a seasonally strong quarter; "4Q07 results were the biggest negative surprise." But maintains Buy rating, S$2.19 target price ahead of results briefing. (KIG) |
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cyjjerry85
Elite |
26-Feb-2008 09:31
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alot of contra players...lots and lots of ppl trading this counter now...all wanna earn quick bucks for a day |
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idesa168
Elite |
26-Feb-2008 09:24
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I think this selldown is overdone...I decided to pick up some at 81¢ which I did....to keep lah! |
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