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Is Biosensors a good buy?
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allright
Senior |
18-Apr-2012 15:20
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Nomura Equity Research Biosensors’ share price corrected 8.9% on high volumes. We believe the pullback is overdone and continue to recommend a Buy for the stock. We analyse some of the possible reasons for the pullback: A news report – “Biodegradable Stent Safe for Long-Term Treatment of Coronary Artery Disease”, Globe Newswire, 16 Apr 2012 – highlighted the viability of biodegradable stents for treating coronary artery disease. The idea of biodegradable stents is not new. Indeed back in January 2011, Abbott Labs received approval from the EU for its biodegradable ABSORB stent with the company looking to commercialize it in late 2012 or 2013. Meanwhile Abbott is doing further trials to support the marketing of the stent. Concerns about the impact of the 14% ASP cut in Japan for DES this month. This is not new news and had been well flagged by analysts since February. The impact of Abbott and BSX’s new stents in Japan. Again this is not new and has been well flagged as a potential risk. However we believe that Nobori will be able to hold its own against the new stents given its strong clinical data. Consensus earnings being too high for FY13. We had highlighted this earlier and analysts have been lowering their numbers over the past couple of months. We believe the share price pullback does not relate to new news and perhaps is an over-reaction. On the other hand, the news of the DES tender in Gansu was better than expected. The new tender price was cut by less than 5%, which is much better than the market expectation of 15- 20%. Gansu is the first province to announce the new tendering price for drug eluting stents (DES) this year. Although Gansu is not a major market for DES, their better-than-expected tendering price for DES may be a positive signal for the government to ease the pressure to cut prices. Please refer to note written by our China healthcare analyst for more details — “China health care - Daily pulse: 17 April 2012”. We maintain our Buy rating with a target price of S$1.84. |
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allright
Senior |
18-Apr-2012 14:45
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Good to see everyone is acting like gentleman..never good to fight. Everyone has their point of trading and I wish everyone GOOD LUCK whether they are long or short.
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sinisteral
Member |
18-Apr-2012 14:36
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1.46-1.46 stalemate for the past hours. It goes up to 1.46 level only to get knocked down solid to 1.45s The rich/powerful at play. Just wonder how long it'll go on though. |
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chanting
Member |
18-Apr-2012 13:14
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I hope it can be same at your side.... "Agreed with your view but need to be gentle in language used. " | ||||
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sinisteral
Member |
18-Apr-2012 11:56
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BB? That's true. Guess it might be what someone said as well, after lunch either bargain hunters/short covering or this stock will continue to get manipulated downwards to 1.4-1.45 levels. |
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infancybird
Senior |
18-Apr-2012 11:42
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Agreed with your view but need to be gentle in language used. Current firewall at $ 1.455 with quite massive road block installed by BB. Need another gp of BB to break it.
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chanting
Member |
18-Apr-2012 11:36
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You're investor that holding on long term while we are speculators / traders so which way its goes I really dont care, as long as we make $ in market and that's the most important....
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sinisteral
Member |
18-Apr-2012 11:29
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Seems to be trying to break through mid 1.4s but weak. |
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Bopanha
Master |
18-Apr-2012 11:07
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If you notice the warrants (structured ones) you will see that one of the calls have exercise price of $1.45 and another one at $1.65 expiring date in October and Sep respectively. The issuer of structured warrants are big timer bbs, powerful enough not to allow the share price exceed the exercise price, so that they can milk the market efficiently. If they cannot control, they will be like Lehman Brothers going down. So that's why I don't like Structured warrants and companies who allow their company names to be used without legally demanding for royalties.....
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sinisteral
Member |
18-Apr-2012 11:06
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sinisteral
Member |
18-Apr-2012 10:49
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I think most would've sold rather than bought. It's being aggressively traded now and yes, this whole thing smells like manipulation more than news.
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infancybird
Senior |
18-Apr-2012 10:48
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Great, we are finally on the same term and view. Cheers
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stocksburntme
Veteran |
18-Apr-2012 10:44
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super manipulative. pity those who bought at opening | ||||
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bishan22
Elite |
18-Apr-2012 10:43
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Now in red again. 
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chanting
Member |
18-Apr-2012 10:32
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For sure next week we will see it.
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chanting
Member |
18-Apr-2012 10:16
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Golden chance to Buy now... Loading up for the rise in coming days ahead...double my earning after earn from shorted yesterday :)..... RSI@50, stockhistic @5%... but bad MACD. An oppotunity here! My TP@ $1.54 | ||||
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Bopanha
Master |
18-Apr-2012 10:14
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BIG today is doing not bad at all. $1.50 soon.. | ||||
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Sgshares
Elite |
18-Apr-2012 10:09
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maybe will close lower than yesterday...i think think only | ||||
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infancybird
Senior |
18-Apr-2012 10:04
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Strong price suppression noted . BB is up to something...intention is clear....keep price below 1.50 or lower for their ``unknown to us`` ulterior motive.
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stocksburntme
Veteran |
18-Apr-2012 10:01
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going down again.... | ||||
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