
Read this report and analyse the comparative table in the Straits Times today. You'll notice that this is really a gem, compared to lots of others.
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Mar 2, 2010
Listed firms' profits inch up 5.7%
Earnings of $25.6b last year beat forecasts; 324 gainers and 84 losers
THE verdict for full-year earnings is in: Share prices on the local bourse have jumped ahead of corporate bottom lines.
Combined earnings for all listed companies for the year ended Dec 31, 2009, grew a mere 5.7 per cent to $25.64 billion, though even that was better than expected, given the dire recession.
The benchmark Straits Times Index, however, jumped by 65 per cent in the same period, as investors heaved a huge sigh of relief at escaping almost unscathed from the global financial crisis.
chartwise...it has climbed abv 200sma when fri trade close.... macd also cut abv zero...adx(14d) still below 20.... has moved up frm 24cts which is 61.8% retracement level...nxt resistance 28 cts..gd luck
ya most likely a better S-chip.
1.At least it is big player in the bagpack industry,should will not be easily knock out.
2.Promise dividend of 20% payout yearly since IPO, so this is the 2nd time it give out 20% profit.
3.PE ratio still at 3X
4.Going to open 500 stores in 2H which they did not issue rights to raise cash. Means their cash is real not like others, got cash still issue right.
5.It carry the burden of S-chips that why personally it intrinsic value has not been reflected in the share prices, overall not bad.
hotokee ( Date: 26-Feb-2010 09:19) Posted:
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CIMB maintain Outperform (25 Feb 2010)
FY09 net profit of Rmb288.1m (-30.1% yoy) was in
line with our expectation (S$294.1m) and consensus. 4Q09 net profit was down
41% yoy to Rmb63.4m. Zaino declared a first and final dividend of 6.3 Rmb cts.
We maintain our earnings estimates and introduce FY12 forecasts. Our target price
stays at S$0.34, pegged at 4x CY11 P/E, a substantial discount to its retail peers.
Maintain Outperform on expectations of an earnings recovery in FY10. We expect
re-rating catalysts from a recovery in demand for backpacks and luggage in China.
yay too !! :-)
I bought a chunk @ $0.20.
6.5% dividend no bad lah....
serene ( Date: 24-Feb-2010 21:24) Posted:
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Finally, FY 2009 results out just now :
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E630E231285B23F9482576D4003E2588/$file/ChinaZainoFullYearResults_24Feb10.PDF?openelement
The Board recommends first and final dividend of Singapore 1.30 cents at a dividend yield of 5.5%.
Serene - I hope you are right. Huat ah !!
CZ fundamentals look ok. Hope results will beat market expectations.
China Zaino is climbing up very quietly and so low profile.....
http://mystocksinvesting.com/singapore-stocks/china-zaino/china-zaino-moving-up-quietly/