Technically, price is still in the downward spiral.

Fundamentally, the financial reports are not very good as well.

However, Company and Directors have been Buying the company's share since beginning of this year. They may know something that we don't.

This is a High Risk Counter to me. Unless it breaks out of the Downtrend Channel, I wouldn't consider Buying.

If you want to take the risk and Buy based on insider Buys, than Buy a little and must have the preparation to lose the money, else don't take this risk.

Wait for price to stabilized and then Buy.

Grade: 5.

It’ll take more than rules to rule the schoolhouse

What the financial crisis can teach about managing the private education scene

Richard Hartung 

After nearly two years of study, students were left in the lurch by the sudden closure of the School of Applied Studies last month.

As one student told MediaCorp: “I’ve been here for two years and I didn’t get a cert. Now I’ve to start all over again in another college.

It’s going to be hard.”

It’s not only hard for the students. It’s hard on the education sector in Singapore.

As part of Singapore’s Global Schoolhouse initiative, the Economic Development Board says it plans to “build up the Singapore education brand name” and “develop a vibrant community of tertiary, pre-tertiary and corporate training institutions” so that it can “attract even more students, faculty, researchers and professionals from all over the world”.

Any time a school closes and students are left in the lurch, the brand name can take a hit.

While new rules applied by the Council for Private Education protect students’ money, some school administrators say it’s less likely to protect the brand. Registration requirements are just a “form-filling exercise”, said one, and certification may appear to have more to do with completing forms right or high profits than academic quality.

She expects more schools to close between now and June if they don’t get EduTrust certification and can’t take in foreign students.