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CIMB report this morning
Our recent discussions with management suggest that C&G is exploring plans to develop a new bi-component fibre used for specialised industrial and medical needs. If this development materialises, management believes 40% gross margins from this product are possible. C&G?s strategic alliance with Septwolves, a Chinese menswear company, to supply its yarns should also be earnings- accretive from FY08. PSF and compact combed yarn development is on track. Our DCF target price remains S$0.90 (WACC of 12.41%, terminal growth rate 0.5%). Maintain Outperform.
CIMB targets $0.9!!!!!!!!!!this morning CHEONG AH!!!!!!!!!!!
C&G Industrial (S$0.58) - Progressing nicely
Our recent discussions with management suggest that C&G is exploring plans to develop a new bi-component fibre used for specialised industrial and medical needs. If this development materialises, management believes 40% gross margins from this product are possible. C&G?s strategic alliance with Septwolves, a Chinese menswear company, to supply its yarns should also be earnings- accretive from FY08. PSF and compact combed yarn development is on track. Our DCF target price remains S$0.90 (WACC of 12.41%, terminal growth rate 0.5%). Maintain Outperform
CIMB targets
hy_lee,
It is available in SGX website, Zaoboa, Nusiness time, etc.
It is bad news! Good luck
myhope, can you advise where you got the news ?
Thank you.
There is no change in the fundamental of this company.
The long term prospect of this company still looks Good! Dun worry, be happy...
hi yammay74,
Since already XA, you're assured of the bonus 5 ltos, however u can only sell when e bonus lots are credited into your CDP a/c, which is on 30/05/07, else you oversell on e no. of lots you have, in your case 5 lots. These 5 lots will then be bought back by SGX 4 days ltr at usually,a higher price. I suggest u sell after 30/05/07.
Hi folks,
what is the direction on CG tech? almost give me a heart attack.
Regards, Z
can i just check with everyone here? all shareholders enjoy the bonus issue of 1 for every 2. right? So for someone with 10 lots, he will have 15 lots now. So can he sell the 15 lots even before he receive a letter documenting the fact that he has 5000 lots as bonus shares?????
My broker said that the notification must be received first before one can sell.... correct?
This stock after XA is now hovering around 0.595 / 0.60. Looks like support here.
Is it right to buy in now or any downside ? Pse advise. Thanks
Well...Yammay74,
I am not worry about the implication. If it goes up, I am happy (becoz I make more money), if it goes down, I will buy more! So I am happy either it goes down or up. I am a long-term investor and I see great prospect in this company! (for its future expansion plan, check out its latest Q1FY07 annc).
Good Luck!