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Hi there,
Is this a good stock?
Cause i recently heard that this might be the next potiential growth one!! Any expert please advice.
Thanks
Hu An Cable – Result (Chan Wai Chee)
Recommendation: BUY (Maintained)
Previous close: S$0.260
Target Price: S$0.305
· Another smack-in comparable performance with ‘selective’ peers as most of others, outside this group, are being crushed.
· 17.3% gross margin in 2Q11, in the wire & cable segment, as compared to our forecast 18.9% makes us reduce our forecast margins, through to 2012. After 2012, we believe margins can be restored as ‘crush’ would have eliminated some competition.
· We are keeping the forecast margins on ‘new’ capex production.
· PV reduced slightly to SG780m, discounted at 10.58%.
Hello.
Does anyone know what happened to hu an today? Dropped by 0.075 in a day, a 20% drop. Is it because of the 3 for 10 offer? How does this offer affect the price?
thanks!
Hu An Cable Holdings Ltd.
has recently secured multiple contracts with aggregate value of RMB102.8mil from Shenhua Group Corporation
Ltd to supply cables for the various projects under Shenhua Group relating to power and thermal generation, coal,
railway and mining activities across China . These orders are estimated to be delivered within FY2011. (Closing
price: S$ 0.365)
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It is time to diversify your portfolio or recover your losses in stocks. .
To reach financially freedom, you need to invest in not just stocks. .
Invest in land and get a double return in 4 to 5 years. .
It is just about 36 lots of Hu An for 1 unit of land. .
How? .
Just leave me a private message (PM) here for details. .
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