China New Town   

China New Town Development

Agreed ! In my humble opinion, this stock has been badly thrashed by irrational selling by the US fund exacebated by the poor market sentiment causing most investors to be sidelined.

CNT is one profitable development company clearing, planning and selling land plots in well located city fringes and it's real value can be seen in their current assets and cash holding ( IPO proceeds are fully utilised yet ) together with substantial development land banks of more 5 million sqm in various towns etc. At 11 cents, the market cap is way way below what their current book value and PE estimated < 2 if profitable Q1 results is used as ref. This too does not include their potential tieups with new township govenments using their proven model.

Its an unpredicable market no doubt but how low can it really go? In fact, some accumulation can be seen amid in low volume ( good sign ). Has vested and think that at this level, rewards might be sooner rather than later. As usual, Caveat emptor, do your research and invest within your means. Cheers.

 

 

I believe that China New Town will be the next big thing, just like Google that sprung out of the ashes of the past. FYI, the founders of Google were once so poor, they couldn't afford to pay the kind old lady who gave them massages, as part of staff welfare, they gave her stock options instead. Today, she is a millionaire. Yes, I do agree that the great China bubble will burst eventually, just as the dotcom bubble of america burst years ago. But those company with good fundamentals will pull out eventually and monopolise the market. I believe that CNT's business is sound, and not speculative like some technical traders might suggest. Although the stocks will obviously gain a boost should there be a surge in pricing of their projects, the nature of their business is such that they are mega project developers, and so they only need a few contracts to break even. As a pioneer, it is also to their advantage in the long term, as China builds more and more cities to cope with the rise in population, as well as to replace those scattered villages.(If you have been there before, you will realise how inefficient it is to channel workers into factories in the cities from the surrounding villages). A long term investment to hold. Vested and hopeful.

 

Quite true. No point selling at this price if you are holding. I've only some IPO lots, lost some kopi money. After reading your post, i might want to reconsider this. China is still a waking up giant. Now she is just sneezing only... Good for long term, perhaps.

busybody      ( Date: 04-Jul-2008 16:59) Posted: Nowaday, this forum is as quiet as the ChinaNTown share's transaction. The low transaction might be a good sign (to those who are holding it), as the US trader has finished his unloading his shares. The low volume is just in-line with the overall market. Personally believe that the share price is consolidating at the current level and wait for good news. The good news can be the recent announced land sale in China, the rebounce of overall market, some investors' push etc. The price rally can be very sharp due to the low price and low selling volume in the market now. Those without holding power have been squeezed out from this share, and now those are holding it are waiting for it to be alive again. It may be a good opportunity for those who haven't bought this share to accumulate. What is the downside risk? 11 cents. What is the upside risk? I cannot tell, just wait for the market to prove.

 

err....u gotta be kidding...tis burger basically is considered "WRITTEN OFF" liao leh...from 60cts to 11cts now...v...v...v...soon it will hit <10cts....hmmm..

dun thk will hv any reversal of its fate loh :D

 

Nowaday, this forum is as quiet as the ChinaNTown share's transaction. The low transaction might be a good sign (to those who are holding it), as the US trader has finished his unloading his shares. The low volume is just in-line with the overall market.

Personally believe that the share price is consolidating at the current level and wait for good news. The good news can be the recent announced land sale in China, the rebounce of overall market, some investors' push etc.

The price rally can be very sharp due to the low price and low selling volume in the market now. Those without holding power have been squeezed out from this share, and now those are holding it are waiting for it to be alive again. It may be a good opportunity for those who haven't bought this share to accumulate. What is the downside risk? 11 cents. What is the upside risk? I cannot tell, just wait for the market to prove.

 

don't get fool by them.. avoid this kind of risky stock from the time being..

14:46:44	0.115	834,000	Sell Down
14:46:41	0.115	50,000	Sell Down
14:46:40	0.115	100,000	Sell Down
14:46:38	0.115	2,800,000	Sell Down
14:44:29	0.115	1,000,000	Sell Down
14:37:04	0.115	40,000	Sell Down
13:59:00	0.12	190,000	Sell Down

cathylmg      ( Date: 01-Jul-2008 10:53) Posted: Seems to have stablize for now.

 

Once this US fund stop dumping, it should stabilise. Less selling means back to normal value. Btw, the announcement of listing of land plot will also mean revenue and profit. Thats good news!

 

luckyman      ( Date: 27-Jun-2008 12:37) Posted: China New Town Development shares fell over 8 pct in heavy trade in Singapore as a US fund has been selling large chunks of the company's shares, dealers said. The shares were down 0.010 sgd or 8.3 pct at 0.110 sgd after shedding 11 pct yesterday. Traders said a US fund that holds less than 5 pct of the company has been selling shares. Stock market disclosures show T. Rowe Price Associates sold 18.6 mln shares of China New Town on the market at the end of April and held 4.97 pct after the sale.

 

Seems to have stablize for now.

 

Jun 30 2008 MISCELLANEOUS :: LISTING OF LAND USE RIGHTS FOR A LAND PARCEL IN SHANGHAI LUODIAN Check out this latest news on SGX.

 

The share price drop is not only because of "Big Seller", it is talking about the whole market sentiment. So, the uptrend is not here yet until investors come back to the market.

 

always see someone dumping at 11.5cts. Think i'll wait till the sell down is over first

 

It is better to wait till market turn around then buy again. No body know how low STI will go down or how low the price of the counter we enter can go.  The high go higher and low go lower, average down and average down again and die until very ugly. When STI is up for few day then fall lower and lower, better to wait till the market got clear direction to lower our risk.


Good luck 

 

china index are running like bulls just like india, both of them are doing huge correction now... and there are more rooms to come down... fast to go up fast to come down... as for vietname, there are some northward movements, keep watching..

 

The lost of -287.35,  Dn in -373.73 are the results for 1st Q lah.

 

I thougnt the 2nd Q result will come only in July ??

 

Why never publish in SGX for the P&L ??

StephenTan      ( Date: 27-Jun-2008 22:46) Posted: wah biang i receive the share investment booklet from phillip securities today, chinaNtown  loss so much money. Rank no2 in the P&L "In The Red" page 45 it state "DOWN IN $"   -373.73 after Gentingranking no1 losses. Even good profit company share price is dropping this is bad, I exit 2/3 position liao, monday  got to wait till monday liao.    :-(  :-(

 

Just to share

RTRS - SHANGHAI STOCK INDEX <.SSEC> DOWN 6 PCT ON RATE HIKE RUMOURS,
EXPECTED SUPPLY PRESSURE FROM IPOS (for Hong Kong stock market reports,
click [.HK]) SHANGHAI, June 27 (Reuters) - China's main stock index tumbled
more than 6 percent on Friday in response to rumours that the central bank
would hike interest rates as soon as this weekend to fight inflation. The
market was also hurt by news that the securities regulator would on Monday
consider a 10 billion yuan ($1.5 billion) IPO application by Everbright
Securities, and an 8.97 billion yuan IPO application by China South
Locomotive & Rolling Stock Corp. Regulators have said they will adjust the
timing of IPOs to reduce pressure on the market from new supplies of
shares. Their willingness to consider big IPOs at the present time, with
the market near 16-month lows, suggested to some investors that regulators
were not following through on this promise. Twenty-five minutes before the
close of trade, the Shanghai Composite Index <.SSEC> was down 6.13 percent
at 2,723.856 points in modest turnover. Oil refiner Sinopec <600028.SS> was
down 9.56 percent at 10.22 yuan, after the rise of global oil prices to new
record highs on Thursday threatened to hurt its refining margins further,
in addition to increasing inflation pressure in China. In the past ten days
the index has repeatedly tested and held on a closing basis chart support
at 2,723-2,732 points, the late February 2007 and March 2007 lows. But a
clean break of that support cannot be ruled out and could prompt a slide
near 2,500 points, analysts believe. ($1 = 6.86 yuan) (

 

In the booklet show:

PrevFY P&L RMB86.38,   Lasrest FY P&L -287.35,  Dn in $-373.73.

From the chart this counter is down trend since IPO never never  higher then IPO, low will go lower and when it move up few day it go lower then before, always break new low. :-(

raymondho      ( Date: 27-Jun-2008 22:57) Posted: Hi! Stephen Tan, can provide more dedailts abot CNT's losses? Vested, but don't know why it drops so much yet no sign of improving, and can't get moore relevent info. Thanks

 

Early early cut loss. Heeeeng ahhhh!

 

Hi! Stephen Tan, can provide more dedailts abot CNT's losses? Vested, but don't know why it drops so much yet no sign of improving, and can't get moore relevent info.

Thanks