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Dear Bullrunforever,
Since monday is the day for ex dividend and ex bonus, what do you think is the implication? will there be a great sell down?
Come Monday will be the ex-bonus and ex-dvd for C&G!
here's the link to 1st quarter 07:
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F4C35E93EE2D35EC482572D50037FCDC/$file/C_G_Results_Announcement.pdf?openelement
Got that from SGX webpage....the detail result is also available there!
Hi Bullrun,
From where did you get the info?
C&G Industrial continues to deliver
strong growth in First Quarter 2007
?
Achieves robust top and bottom line expansion?
turnover to RMB199m
Net profit growth of 47.5% on the back of 57.7% jump in?
Stronger cash flow from operations of RMB52.8 m? New expansion plans on track
With the upcoming quarterly reporting and bonus shares and dividends in May, the price of CG Tech should have no problem surging to new height!!
Dividend 0.015 and 2:1 bonus shares approved. Way to go CG Tech!
2 for 1 bonus was announced much earlier, probably the recent hike would have factored that in already. Go to sgx.com.sg. Under all in one information look for past announcement. U would prob find it there. Cheers
Heard that they are going to issue 2 for 1 bonus. Can anyone confirm that? Is this the reason for the recent run up as well?
Any one bought following my post @ 15.53 hrs below should buy me coffee :P
hahaha... 1 hr, price up 8 bids ! From 0.85 - 0.89.
yuppee, closed @ $0.89 ... wonder tmr would hits $0.90??
Major resistance at 0.835 broken today....
more upside (see below).... plus it's in CIMB talk this week -> generate investors' interest.
*vested*
Glad to hear that. Always check back in history to see if the stock does follow the charts you frequently use. This is quick and dirty back testing.
Sometimes its not only good to know when to use TA but when NOT to use it!
Cheers!
Thanks folks...
The action for this baby was fast n sudden.
If you look at the trades done this morning, you will see a sudden buy up ( ~ 2000 lots) from 11 40 - 12 20p.m.
Spore gal, I m "worried" abt it last week as Acc / Dis chart shows downtrend, so if price doesn't follow that...then it's good..haha
This counter's chart is not showing any clear technicals at this time...
Probable direction is rather hard to tell.
Hi zujzuj,
I generally use Acc/Dist and Chaikin charts. Before I apply the charting, I usually look in its history to see if the prices do follow those charts. For example, if Acc/Dist is rising, the price should also rise. Most counters do follow but for some counters like this one, they don't.
Spore gal,
May I know why ur brand of TA isn't suitable for this counter ?
Cos low average volume / Price below $ 1?
holders of CG Tech should have received a package today ya? what's your take?
Hi zujzuj,
From the TA charts (Acc/Dist and Chikin) I observe for this counter, my brand of TA will not be accurate for this one. Sorry... I can't comment on this.
Cheers!