China XLX=$0.52 (Breakout flag formation)
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Showing posts with label S-Chips. Show all posts
Showing posts with label S-Chips. Show all posts
Monday, August 24, 2009
Monday, July 27, 2009
ChinaAniH - get ready to take profit
ChinaAniH (Cleared 0.145, get ready to take profit between 0.15-0.155)
Tuesday, July 21, 2009
Monday, July 20, 2009
ChinaAniH - since its brokeout flag in June
ChinaAniH=$0.125 (Since the brokeout of flag in June, it has thrown back $0.12-0.125 support)
Tuesday, May 19, 2009
Hourly Chart for ChinaAniH
Legg Maison took up 80mln placement shares at $0.11 and they bot 9.3mln at $0.147 in open market.
Wednesday, May 13, 2009
China XLX breakout maintained
China XLX=$0.455 (Breakout $0.45 went to $0.47 and threw back to $0.44 again...target maintain)
Friday, May 8, 2009
China XLX - could breakout
China XLX=$0.44 (Inverted H&S Formation, breakout of $0.45 may see stock trade towards $0.63)
Monday, May 4, 2009
Friday, April 17, 2009
CAO filling gap
ChinaAOil=0.95, eventhough bullish after crossing 200DMA, but leaving too many gaps behind waiting to be covered
Wednesday, April 15, 2009
Chart of Sino-Env, Cosco, Asia Env, Biosensor, Chartered
Sino-Env=$0.20, called buy on 9 Apr at $0.155... reached yellowline at $0.205...take profit?
CoscoCorp=$1.05 (It will be positive if it can cross and stay above the yellowline....reinstate a buy
Asia Env=$0.13 Breakout?
Biosensors if breakout 200DMA.....
Chartered=$0.135 could challenge the $0.16 resistance
Tuesday, April 14, 2009
China Fish - Flag Formation - Target 0.75
China Fish=$0.65 (Flag formation with support at $0.64...Target $0.75)
Friday, March 6, 2009
BeautyChina = $0.13, cut your loss
Stayed below Greenline...Negative - Cut / Sell
Beauty China chairman and founder Wong Hon Wai still owes $800,000 after the
forced sale of his mortgaged shares on Tuesday and Wednesday that cut his
stake in the company to 32.28 per cent. And this outstanding amount could be
settled through further sales of his mortgaged Beauty China shares, the company
said in a filing with the stock exchange yesterday. Mr Wong's stake is held through
his investment holding firm Lucky Gain International, which had pledged all of the
shares to obtain credit facilities. 'The balance pledged shares of Lucky Gain will
be released from all encumbrance after the amount outstanding has been repaid
or satisfied through forced sale,' Beauty China said. 'The company is mindful to
monitor its share price and trading volume and will release further announcements
and update if necessary.' The latest disclosure on Mr Wong's mortgaged shares
follows rife speculation on the cause of the sharp fall in the company's share price
on Tuesday.
Thursday, February 26, 2009
Sell Celestial, Delong; Buy Venture
Celestial Nutrifoods (CENU SP; S$0.17) – SELL
• The stock broke below its October lows of S$0.275 (now the resistance) and continued to fall to current levels. The stock might see some support around the S$0.15-0.16 levels.
• Indicators are weakening but RSI is now oversold. The oversold RSI could prompt a minor rebound soon with resistance at S$0.225.
• Despite the oversold RSI, we expect the stock to continue to edge lower after the rebound. It could even fall to S$0.12 in the longer term.
Celestial NutriFoods Limited manufactures and sells soybean based food products such as soybean beverages, soy protein isolate and soybean oil. The company sells its products under Sun Moon Star brand name.
Delong Holdings (DLNG SP; S$0.59) – SELL
• The stock has fallen from a high of S$3.65 to current levels. It appears to be forming a base but there are no signs that a rally is forthcoming. Sell for now.
• Both MACD and RSI have turned negative again, suggesting that the selling momentum could be picking up once more.
• Resistance is seen at S$0.64 while support is S$0.56. A break below S$0.56 would signal that more downside is likely.
Delong Holdings Limited manufactures and trades in steel. The Company specializes in the manufacture of hot-rolled mid-width steel coils. Through its subsidiary, the Group also invests in resource and other steel-related businesses.
Venture Corp (VMS SP; S$4.82) – BUY
• After failing to breakout above its 30-day SMA in the last 3 months, we expected the stock to fall further. But the bulls had a final say and managed to give it a strong push. The breakout led to a strong rally to current levels.
• Technical indicators have improved suggesting that more upside is likely. However, with the RSI in an overbought position, a pullback is likely.
• Investors could do well accumulating on weakness. Support is at S$4.76 and S$4.42. Get out if the stock falls back below its 30-day SMA. Resistance is at S$5.46.
Venture Corporation Limited provides contract manufacturing services to electronics companies worldwide. The Company also provides manufacturing, design, engineering, customization, and logistic services. Venture Corporation trades and manufactures electronics and computer-related products, develops and markets colour imaging products for label printing.
• The stock broke below its October lows of S$0.275 (now the resistance) and continued to fall to current levels. The stock might see some support around the S$0.15-0.16 levels.
• Indicators are weakening but RSI is now oversold. The oversold RSI could prompt a minor rebound soon with resistance at S$0.225.
• Despite the oversold RSI, we expect the stock to continue to edge lower after the rebound. It could even fall to S$0.12 in the longer term.
Celestial NutriFoods Limited manufactures and sells soybean based food products such as soybean beverages, soy protein isolate and soybean oil. The company sells its products under Sun Moon Star brand name.
Delong Holdings (DLNG SP; S$0.59) – SELL
• The stock has fallen from a high of S$3.65 to current levels. It appears to be forming a base but there are no signs that a rally is forthcoming. Sell for now.
• Both MACD and RSI have turned negative again, suggesting that the selling momentum could be picking up once more.
• Resistance is seen at S$0.64 while support is S$0.56. A break below S$0.56 would signal that more downside is likely.
Delong Holdings Limited manufactures and trades in steel. The Company specializes in the manufacture of hot-rolled mid-width steel coils. Through its subsidiary, the Group also invests in resource and other steel-related businesses.
Venture Corp (VMS SP; S$4.82) – BUY
• After failing to breakout above its 30-day SMA in the last 3 months, we expected the stock to fall further. But the bulls had a final say and managed to give it a strong push. The breakout led to a strong rally to current levels.
• Technical indicators have improved suggesting that more upside is likely. However, with the RSI in an overbought position, a pullback is likely.
• Investors could do well accumulating on weakness. Support is at S$4.76 and S$4.42. Get out if the stock falls back below its 30-day SMA. Resistance is at S$5.46.
Venture Corporation Limited provides contract manufacturing services to electronics companies worldwide. The Company also provides manufacturing, design, engineering, customization, and logistic services. Venture Corporation trades and manufactures electronics and computer-related products, develops and markets colour imaging products for label printing.
Friday, February 20, 2009
SATS underperform; XLX and Venture outperform
China XLX Fertiliser ( CXLX SP, S$0.37)
• China XLX Fertiliser (CXLX) released its FY08 results today. Revenue grew by 35.3% to Rmb2,084.9m yoy however gross margins fell from 27.0% in FY07 to 23.4% in FY08 mainly due to lower margins from urea and methanol sales. Net profit increased by 9.2% to Rmb346.4m in FY08 led by higher average selling prices products such as urea, methanol and compound fertilizer. The company intends to propose a first and final exempt dividend of 1.6 Scts for the financial year ended 31-Dec 2008.
• Share price fell 0.5cts or 1.3% this morning to S$0.37.
• Maintain Outperform with a target price of S$0.47.
Venture Corp (VMS SP, S$4.51)
• Share price surged 9.5% or 39cts to S$4.51 despite a 94% fall in Venture’s quarterly net profit which was mainly attributed to mark-to-market losses. Many brokerages also posted Buy calls for the stock, spurring buying interest. In addition, Venture plans to maintain its dividend of 50cts a share. Due to the volatile nature of the market, we advise investors who are in for the punt to take profit this afternoon.
• Maintain Outperform with a target price of S$6.00.
Singapore Airport Terminal Services (SATS SP, S$1.12)
• SATS announced that it is going to make a mandatory cash offer, to acquire all the issued ordinary shares in the capital of Singapore Food Industries Limited (SFI) other than those already owned, controlled or agreed to be acquired by SATS.
• So far, SATS has reported an 84% acceptance rate.
• Given a rapidly deteriorating aviation industry with airlines continuing to cut capacity, we do not see near-term catalysts for the stock. Exposure to a weakening UK economy through SFI also poses downside risks.
• Maintain Underperform with a target price of S$1.25.
• China XLX Fertiliser (CXLX) released its FY08 results today. Revenue grew by 35.3% to Rmb2,084.9m yoy however gross margins fell from 27.0% in FY07 to 23.4% in FY08 mainly due to lower margins from urea and methanol sales. Net profit increased by 9.2% to Rmb346.4m in FY08 led by higher average selling prices products such as urea, methanol and compound fertilizer. The company intends to propose a first and final exempt dividend of 1.6 Scts for the financial year ended 31-Dec 2008.
• Share price fell 0.5cts or 1.3% this morning to S$0.37.
• Maintain Outperform with a target price of S$0.47.
Venture Corp (VMS SP, S$4.51)
• Share price surged 9.5% or 39cts to S$4.51 despite a 94% fall in Venture’s quarterly net profit which was mainly attributed to mark-to-market losses. Many brokerages also posted Buy calls for the stock, spurring buying interest. In addition, Venture plans to maintain its dividend of 50cts a share. Due to the volatile nature of the market, we advise investors who are in for the punt to take profit this afternoon.
• Maintain Outperform with a target price of S$6.00.
Singapore Airport Terminal Services (SATS SP, S$1.12)
• SATS announced that it is going to make a mandatory cash offer, to acquire all the issued ordinary shares in the capital of Singapore Food Industries Limited (SFI) other than those already owned, controlled or agreed to be acquired by SATS.
• So far, SATS has reported an 84% acceptance rate.
• Given a rapidly deteriorating aviation industry with airlines continuing to cut capacity, we do not see near-term catalysts for the stock. Exposure to a weakening UK economy through SFI also poses downside risks.
• Maintain Underperform with a target price of S$1.25.
Wednesday, February 4, 2009
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