Hengxin Tech   

Hengxin

Will wait patiently for it to move....

 

 

Volume had been very low for the past weeks... let's see whether it will move today... current price is very attractive....

 

another lousy stock, 4Q nett profit decreased 27%, full year decreased 11%, tomorrow sell !

 

Hengxin Technology just released its full year statement and dividend announcement.

 

Hi to all.... from the chart that i monitored.... This stock had break out at 0.275 and should be uptrend in days to come... But remember these days of trading is very volite.. for ur reference ok?

 

Not a inducing comment to buy or short..... cheers

 

Demand of the Hengxin's products jumps tremendously due to the past recent snow storm catastrophe in PRC.

 

There seems to be some sort of accumulation the last few days. Can anyone comment on that.

 

Glad to hear tat... hopefully it could dish out surprises in soon... heehee

 

 

Hi Veteran.. by de way u had reported.. it seems tat tis counter will not shine in months to year or so man..

Anyone one have any updates on tis counter business prospective or whatsoever to share?

 

Last May I bought 100 lots between 55 to  57cts when Hengxin was first listed and the mini correction cause it to drop to ab 45cts but it hovered around 55  to 60cts again in Oct-Dec 2006 when the director Li Rong went in to buy at around 57cts in late Oct..subsequently Hengxin went up to 75cts then cross the $1 mark.I was luck to clear my position the bulk of which at 90cts after DBS reported it was worth only 75cts but when major shareholder/director started to sell his stakes Hengxin went on a downtreand and hovered around 45-48cts and then spiralled ,40cts and well below 30cts.Normally when Li was ousted and hengxin was experiencing some cash flow problems the share can never perfomedd..For those who are still holding perhaps sell when it cross 30cts again and I believe the bottom has been reached now that it is trading below ipo price of 25cts .Hengxin was liated almost same time as China Precision and the latter also underperformed trading at ab 29cts below ipo price of 30cts

 

Well, let's keep our fingers crossed and be ready to dump if the showing isn't good...
that's the best we can do rather than hope ... 

 

Mani, ya, saw the huge surge last year this time from 44 cents to 105!! wow, how nice if it repeat this years!  what is your view??

 

jackjames, if you read old posts on this counter or check sgx, you will know the big seller, who sold as much as 30million shares in recent months, from being a substantial shareholder holding 43.7millioan to current holding about 13.7million shares, less than 5% so no more a major shareholder. The question is how much lower the share price can go if he continues to sell another 13.7 millions or other news that we could not yet know. I looked for other areas, hard to find information except a person who was commenting in June 2007 about last year report showing negative cash flow, Qian Li Rong selling and perhaps copper price hikes which went up a lot since last year ( RF cable used a lot of copper) . Also another point mentioned was that trade receivable last year  was not too good, apparently they got the sales but hard for them to collect money!. It seems the current financial report (unaudited) was saying cash flow is better now and trade receivable is also better but competition is tough..

So it seems downward price pressure still present because 13.7million sell is a strong force. Today 8% drop with volumn about 7million. haha, may be the drop will be limited if many others want to pick up these shares.

What an interesting counter to watch. perhaps even can tikam.. just my view only , not inducement to trade.

 

a 2-year chart showed the big trend, wow



 

No. of shares held after the change	0	13,718,613
As a percentage of issued share capital	0 %	4.08 %

Footnotes

As Qian Li Rong holds more than 20% of the issued and paid up shares in the share capital of Siskin Investments Ltd, in accordance with Section 7 of the Companies Act, he is deemed to be interested in all the shares of the Company owned by Siskin Investments Ltd.

 

 

Last November, there was a climactic selldown from .44 to a low of .39,

Then it subsequently surged in the following weeks to 1.05...

 

I will stand aside and see the movement of this counter... wont be going in soon. I rem 1 or 2 yr back there is a counter landwind which do medical equipment... any ideas where it goes?

 

Hopefully it is a climactic selldown today...

If so, then the rebound will be solid and springy...

 

Interesting counter... can go high as oso can fall so low.. Wondering how many ppl get struck in here.. maybe... can someone experience say about their financial report, FA and TA... wat is ur comments?

 

Dear Henry$$$,

Thanks to the market dragonish up and down and up movement, at least I have the opportunity to buy at <Sgd. 0.23, historically low end price. I am ready to watch and decide the action tomorrow.