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CG Technologies - Time to accumulate
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eventine70
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13-Jan-2007 08:10
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Results will be out on 23 February after trading hours. Source - SGX - http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/373e1f20834abf184825726000153a9e?OpenDocument |
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tycoon
Member |
12-Jan-2007 23:35
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If i am not wrong, their full year result would be out on mid feb. Now is time to accumulate more. |
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Stockking
Master |
12-Jan-2007 20:01
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There should be more upside!! |
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ihatcoy
Senior |
12-Jan-2007 14:17
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Credit Suisse First Boston (Singapore) is buying from me. From my counter party. |
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waterfalls
Senior |
11-Jan-2007 23:39
Yells: "Investing is calculated risk, patience n luck" |
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Kelive Research report dated 20-12-06: Technical objective is $0.52 based on 50% net profit growth for FY06 - which implies PE 5.5 times at target price level. In the medium term, wave projection suggests a target range of $0.69 to $0.71 if trend rallies above $0.52. As a sanity check, $0.70 target would imply 4.8 times PE for FY08, which is reasonable. |
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catch22
Member |
11-Jan-2007 10:20
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Stock is up almost 10% today. Can still accumulate? |
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ihatcoy
Senior |
11-Jan-2007 09:49
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broke out of inverse HEAD & SHOULDER neckline resistance of 0.455 at high volume. UPTREND confirm. |
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waterfalls
Senior |
03-Jan-2007 17:44
Yells: "Investing is calculated risk, patience n luck" |
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The price is fast gaining momentum and has been uptrending for the past few days. Both TA and FA are good. It could turn out to be another Pine Agritech :-) |
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singaporegal
Supreme |
21-Dec-2006 11:58
Yells: "Female TA nut" |
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Wait a few days for trend to clear... it may have bottomed out |
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fruitty
Senior |
20-Dec-2006 23:43
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Report from Kim Eng Securities Strong visibility through FY08 CG Technologies will commence operations of its Polyster Short Fibre (PSF) production (10,000 tons per annum) in 3Q07 and Compact Combed Yarn (7,000 tons per annum) production in 4Q07. Both niche products are likely to enjoy high demand due to short supply in the industry. PSF and Compact Combed Yarn has high gross profit margin of 30% and 32% respectively. With 9M06 net profit up 58.7% to RMB101.6mil, the company is on-track to meet its guidance for 50% FY06 net profit growth to RMB125.4mil (EPS S 9.5 c). Following our recent meeting with CG Technologies'' management, we understand that the full impact of both PSF and Compact Combed Yarn will be felt in FY08. Beyond FY06, next two years earnings are expected to rise by 15% and 35% YoY respectively, which would translate into FY07 and FY08 EPS of $0.109 and $0.147. Based on these estimates, the stock is very attractively priced at 4x FY06, 3.5x FY07 and 2.6x FY08 forward earnings. ♦ Correction ended at $0.375 We believe that the fall from $0.465 to $0.375 is a 3-3-5 flat corrective wave. This is a healthy correction within a major rising trend. Technical projection points to a possible correction low at $0.375, which was acheived yesterday. This level coincides with the 61.8% downward retracement of the stock''s rally from $0.325 to $0.465 during August to November. In addition, both the daily and weekly stochastics have also fallen to oversold levels of 10.5 and 10.8, respectively. Technical target raised to $0.70 With reference to our technical report dated 28 August, our earlier target of $0.52 remains intact. The technical objective is justified based on CG Technologies'' guidance for 50% net profit growth guidance for FY06, which implies a PE of 5.5X at the target price level. Near-term, the stock should rebound back to $0.425. In the medium term, wave projection suggests a target range of $0.69 to $0.71 if trend rallies above $0.52. As a sanity check the $0.70 target would imply 4.8x FY08 PE, which is reasonable in our view. |
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fruitty
Senior |
06-Dec-2006 23:15
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The share price of CG Tech doesn't seem to move upwards even when it announces plans for expansion. What do you guys think of the potential of this share? http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_89F5284F87F2F1FA482572360018C69C/$file/Press_Release.pdf?openelement |
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rogue_trader
Master |
12-Nov-2006 00:05
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Thanks for all of your encouragement and understanding. I will strive to be as good as singaporegal so that I can give a better TA. Cheers! |
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singaporegal
Supreme |
11-Nov-2006 22:25
Yells: "Female TA nut" |
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Analyst reports, TA and FA are all tools for traders. If they're 100% accurate, everyone of us who uses them will be super rich. My opinion - those who use tools effectively and appropriately just increase the PROBABILITY of making a profitable trade. The best traders among us still make bad trades occasionally but what differentiates them from the rest is that they know when to cut loss. |
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Nostradamus
Supreme |
11-Nov-2006 19:07
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I always take analyst reports with a pinch of salt. Can use them as guides, but never trust them blindly and completely. |
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iPunter
Supreme |
11-Nov-2006 17:15
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It's just the charts that gave the indication, so nothing to worry about - the charts can be wrong too. In any case it is understandable for individuals to expect TA to work wonders all the time. After all, TA is only tool, not an oracle. If an oracle gives the wrong prognostication, then it might be justifiied to chide him. But if it is a case where maybe the tools are just not powerful enough, then it would do to just note the limits of the tools. ------------- Trade With Care |
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IreneL
Senior |
11-Nov-2006 17:02
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Hi rogue-trader Agree with Stockking. Dont worry about the bad post point. I've had it too. And I too, knows nothing about TA, bar charts, etc, so would be grateful for your advice/comments. |
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maxsyn
Veteran |
11-Nov-2006 16:20
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China stocks may depress for a while, be patient. |
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Stockking
Master |
11-Nov-2006 13:18
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rogue_trader, don't be too concern with the bad point. I'm vested since I last read the analyst report. Keep posting on the TA trend as I know nothing about TA. Thanks. |
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rogue_trader
Master |
10-Nov-2006 23:38
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TA doesn't really works well on inconsistent volumes counters. But as of yesterday charts, there was really convergence spotted. Even today, compare the A/D Lines with the bar charts, the convergence was so obvious. If I had given a wrong TA based on the charts yesterday, I do deserve the bad point but if I was awarded the bad point based on the pricing for today, I think that bugger must be a TA idiot! |
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Stockking
Master |
10-Nov-2006 23:14
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The good result is changing the downtrend to a uptrend! |
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