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1841-1860 of 2490
past 3 day high is at 77.5. Today if close at 78 or higher would be a reversal signal.
500 lots done at 1.75 and 600 lots done at 1.80.
I havent seen such heavy buying for quite some time liao. buying interest only just started. their results is impressive for last quarter and the good thing is that it can get better. U.S already doing something to the fiscal cliff, the market can get better. Furthermore, US stocks are the one that will have a bigger impact.
i am monitoring it too see can be loaded.. lol
not all counters that with good news/results can survive in such market condition..
srichipan ( Date: 15-Nov-2012 13:51) Posted:
What not so bad. It's super good! Haha. Covering shall starts now. Outbreak on the horizon!
xin9999 ( Date: 15-Nov-2012 13:36) Posted:
| it looks not so bad today..
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What not so bad. It's super good! Haha. Covering shall starts now. Outbreak on the horizon!
xin9999 ( Date: 15-Nov-2012 13:36) Posted:
| it looks not so bad today..
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it looks not so bad today..
Today ended with strong buying activities, hopefully the momentum will continue and open higher! :)
From Lim & Tan securities (14th Nov report)
http://www.remisiers.org/cms_images/research/Nov12-Nov16_2012/dailyex14112012.pdf
China Minzhong’s 1Q ended Sept ’12 net profit rose
31% yoy to Rmb122mln, coming in slightly above
expectations due to better than expected sale
volumes.
But net profit margin fell 6% points to 19.8% due to
higher production costs and increased sales of lower
margined paddy crops.
More importantly the company collected back
Rmb687mln out of the Rmb967mln and generated
Rmb259mln cash flows for the quarter, bringing their
cash holdings up from Rmb67mln to Rmb302mln. The
widely watched trade receivable days dropped sharply
from 145 to 66 resulting in their cash conversion cycle
improving from 184 to 54 days.
Looking ahead, management expects continued growth
due to new farmland contributions, increased
contributions from higher margined crops such as King
Oyster Mushrooms and Black Fungus as well as
doubling of their processing production capacity.
With reduced concerns over the quality of the
company’s trade receivables and with the company on
track for continued growth, the share price recovery
from its low of 53 cents hit in June ’12 looks likely to
continue.
At 3x PE, we maintain our BUY recommendation.
oppa49 ( Date: 14-Nov-2012 17:42) Posted:
tomorrow will confirm the reversal if it breaks 77.5 high today. A repeat of 5th to 6th Sep candles ?  |
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tomorrow will confirm the reversal if it breaks 77.5 high today. A repeat of 5th to 6th Sep candles ?
good day for cmz. finally green after a few days. buying was strong before closing. Aiming to hit 0.78 tmr and breakout once more ppl get to know the earning cmz posted today.
must hit 0.78 then got chance for breakout! buyers will increase over the next few days
Wah. Results really good. But why shortist cover at 11am?
BUY before is gone at 77cents....
SHORTISTS force buy back at 11am......
Cover like mad today for Shortists....
Revenue Jump more than 60%
Profit Jump more than 30%
Shortists doom day.....
BUY NOW
time to unleash its potential! TP $0.90!
tmr announce earnings, tmr is the day liao! cheers :)
forgot tmr is public holiday. hope wed will chiong then. their results will be out before in the morning.
srichipan ( Date: 12-Nov-2012 19:29) Posted:
| last few days not much buying activities. :( hope tmr will chiong. |
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yeah. agree with you. very volatile leh. zzz
Just be careful if you are long on this counter, specially if you are short term trader. A lot of bull trap lately
Time to accumulate this burger.
