Latest Forum Topics / Sinostar Pec Last:0.159 -- | Post Reply |
Will it be a Superstar?
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cashiertan
Elite |
14-Nov-2007 12:56
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well maybe possible, as this counter is new, it may be doing a wave 2 of elliot wave. that is provided it dun dip lower than the starting low px. |
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787180
Master |
14-Nov-2007 12:00
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Pick up 200lots between 62 to 62.5cts today using 3 figure gains made from shorting Biosensor and so could keep this for the long haul.Although this counter is very ,very small realtive to Sinopec and China Petrol listed in HK with share prices> S$2 equivalent.Given its net profits estimated to surpass 2006 of S$22mil and with Dubai Investment and lehman Bros as its share holders unlikley it will drop to 40-50cts.recent correction Sinostar holds well at 60cts level. Last year bought equivalent amount of Epure(72cts),Juitian(77cts) and Sinoeviron(90cts) and holding for about 8 months and sold all >$2.Believe when analysts start to rate this stock will easily rate its TP $1 as DMG has recently recommended a buy for SkyPetrol's TP $1 and the latter's profit is only about half S$10.8mil. Even China Petro Tech holdings listed on SGX with its price hovering around 46cts cannot be compared with Sinostar as China Petro Tech's accounts was qualified by auditors as its receivables are in doubt Just keep and hold avoid the up and down...when its JV with Dongming Zhongyou is in operation(ipo proceeds is used mainly for this purpose) its ability to build oil conversion facility to process 600,000 tons of heavy oil to extract raw LPG net profits will soar . |
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787180
Master |
14-Nov-2007 11:03
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oil & gas secotr still good????? 14 November 2007 Oil & Gas Sector (OVERWEIGHT - Maintained) Quick takes - Demand versus the USDollar by Robert ADAIR OPEC and the OECD's International Energy Agency (IEA) are the two most-widely quoted authorities on the crude oil market. The two organisations now have a 0.9 mmbopd divergence on probable FY08 demand, with OPEC forecasting 1.5% yoy growth to 87.1 mmbopd, and the IEA forecasting 2.4% yoy growth to 88.0 mmbopd. The key variant appears to be the expected performance of the US economy, with CIMB calculating a 1.0% movement in US GDP impacting demand by 0.4 mmbopd. Since we are cautious about next year's growth outlook for the US economy, we are leaving our crude oil price assumptions unchanged at US$70/bbl for FY08, US$65/bbl for FY09 and US$60/bbl for FY10 onwards. OPEC continues to believe current high prices are driven by geopolitical concerns, but is expected to announce further production increases if prices remain close to the US$100/bbl level. E&P companies remain attractively valued even with our conservative forecasts, and we maintain our Outperform recommendations on PTT, PTT E&P and Medco. |
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cashiertan
Elite |
14-Nov-2007 10:20
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my own analyst which is me. lol sell when it hit the downward resistance trendline. |
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avenger
Member |
14-Nov-2007 10:18
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Hi cashiertan, which analyst gave a target price for sino and how much is it? Thanks! |
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cashiertan
Elite |
14-Nov-2007 09:14
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time to buy sino agian. tp is just a few cents away thou. |
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bull3032
Member |
12-Nov-2007 23:56
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Remember that you are buying a piece of business. Read the report yourself and decide for yourself how the company is doing. Don't be swayed by other's opinions. Remember one man's meat is another's poison. |
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loosejaws
Member |
12-Nov-2007 13:49
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When the market is bad, every stock will face downward pressure. A natural way to weed out the weak holders. |
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cashiertan
Elite |
12-Nov-2007 11:03
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good luck everyone |
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llssmm
Member |
12-Nov-2007 08:55
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no one will be spared from this blood bath today. i guess so. |
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mazimaz10
Senior |
12-Nov-2007 08:51
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due to market sentiment , today will be another bad day for sinostar. |
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787180
Master |
11-Nov-2007 21:58
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Sinostar shd be ok if hold for long term..Juitina i got it at 77cts during b4 may 2006 correction and during correction dropped to 60cts....hold ab 1 and half yeards later..it shot to $3.02 mainly because of its 5 for 1 share and warrants and Juitian profit 2006is 67mil BMB verses about half of Sinostar's 111mil RMB..would be ideal if can collect at its debut price range 55 to 58cts on sept 26 |
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llssmm
Member |
11-Nov-2007 21:49
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trade receivables 287m means management fluffing. please dont be so shallow and mislead. go learn to read financial staements then start to give comments on it. i havent seen someone who is so act smart like you. what did you learn? go read the reports yourself. dont just rely on people who just anyhow bomb. makes me wonder the credibility of the person. really. |
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llssmm
Member |
11-Nov-2007 21:42
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it is ok to not know. but please do not post things which are wrong especially the person who said the negative cash flow is very bad and stuff. and began giving conclusion of management fluffing and everything. please go back to accounting school. i managed to get my friend an accountant to read through the 3q financial. and we have discovered where the high receivables came from. please stop acting smart if you dont know. now u have misled everyone. what a stupid thing to say. READ THIS AND LEARN. Debtors balance increased by RMB 261.7 million from RMB 25.8 million as at 31 December 2006 to RMB 287.5 million as at 30 September 2007 mainly due to increase in sales revenue as well as an ?other receivable? amount of SGD 54.5 million (about RMB 273.8 million) being IPO proceeds which was held in the custody of the issue manager. The group?s cash and bank balances stood at RMB 125.6 million as at 30 September 2007 compared to RMB 69.7 million as at 31 December 2006. |
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787180
Master |
11-Nov-2007 14:37
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Oil refiners urged to boost production + - 08:52, November 07, 2007 With mounting pressure on inflation from high oil prices, the central government has urged oil refiners and manufacturers to meet market demand and rein in prices. The National Development and Reform Commission summoned executives of leading oil producers PetroChina and Sinopec on Monday, pressing them to expand refining operations and "ensure domestic supplies". Major edible oil manufacturers and guild leaders were also told to speed up production to check soaring market prices. Faced with an overheating stock market and economic growth of 11.5 percent in the first three quarters of the year alone, rising inflation is now a top concern for the central government. Inflation at 6.2 percent in September has already been seen in high prices of cooking oil and other foodstuffs, while the commission has expressed concerns that inflation is now likely to go from "structural to overall development" because of rising global fuel prices. A spokesman for the commission said the main oil majors have pledged to operate at full capacity refining gasoline and diesel. Crude oil prices soared to more than $96 a barrel last week, but refined oil prices are under the control of the government. The authorities raised gasoline and diesel prices by about 10 percent last week to compensate refiners and block them from passing on record-high crude costs to consumers. "With measures that include maintaining refining equipment and tapping into our oil-refining potential, we will increase refined oil production," the commission said. To further contain higher costs, the government has already given out subsidies for public transportation in the cities and rural areas. Local governments have also been urged to extend temporary subsidies and increase aid to the urban poor. Sinostar is for long term if can collect below 60cts will be great...oversold already having come up from ipo debut on sept 26 ..55 cts low to a high of 98.5cts...PRC cos with domestic demand so ovrwhelming co no needs or don't intend to expand overseas as reported in the prospectus..if Chinaoilfield can trade about 40cts over its ipo price of 60cts..now at $1.06 I don't think sinostar is only 27cts over its ipo price of 38cts..now at 65cts only...wait till 50cts in case panic selling to pick up but I think unliklely 55 to 60cts shd be ok |
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cashiertan
Elite |
11-Nov-2007 02:08
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current ly based on DOW theory , DOW is on Pri Downtrend. Recession is potential to happen in 1- 3 mths |
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cashiertan
Elite |
10-Nov-2007 23:07
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currently resting on a major support. it is not a goos sign as resting of support on closing usually is it will break when market is bad. next support is the lowest px it eva rch. current ly based on DOW theory, it is on downtrend and potential recession. 1987 1997 2007? |
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787180
Master |
10-Nov-2007 15:19
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Reported in their prosepectus..demand is so far that they hve problems satisfy local appetite and no intention to expand overseas...not to worry too much..pple don't anyhow dumb stocks nowadays ...shad be able to hold above 60cts |
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jackjames
Elite |
10-Nov-2007 08:47
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sinostar will be project superstar soon, wait for me to join you guys , heee... |
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loosejaws
Member |
09-Nov-2007 21:02
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Relax lah ppl. Looking at the demand from plastic related product and LPG, it would take a long time for Sinostar to fulfilled market demand i.e. earnings will still be stabled. They are at the upstream of the supply chain and when demand is strong, the supplier can raise price. All this short term spikes are just distraction for the long term invester. Furthermore, it is not everyday that someone can come in and build another plant to challenge their position i.e. these are capital investment that takes time to raise and build. |
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