Post Reply
41-51 of 51
this share up fast ,down even faster...beware
Closed off Friday.....at 0.615ct against it IPO offer price of 0.60 cents
| ChinaZaino | closed | 0.615 | up +0.035ct | +6.0% | Volume 23,255 | IPO Px 0.600 | +2.50% |
Look like it will test 0.60ct B4 taking in on a profit taking mode today, hopefully beyond 60ct as S-share is having a re-run.
This counter is slowly going back up to its IPO level of 0.6...hope it will recover and show its potential soon...vested
Feel sorry for those vested at ipo. As predicted, this burger really experienced underwater opening. I think it will take a few weeks to stable down. Shortbros all making kopi $ here and i think they will more of the same next week.
Today friday, buying will be weak 1. let the shortlist win....
No examption for local IPO as well, last was Li Heng, still hovering much below IPO price.
Now, China market is on down trend and traders are generally panic and their outlook of the stock future were shacken substantially. Papers had illiterated or reflected the abovementioned sentiments under few occasions leow. Other China penny stocks performances reflected lately in the chart substantiated the down trend as well. Ha ha, AK still holding Yangzijiang leh, sigh.
Wrong timing, and the name sound like Giro, it will suck up all the $$$ ! Be careful.
It has won awards including: "Top 500 Asia Valuable Brand Award" and "2006 Top 12 Bags Brand in China".
However, its major shareholders don't look as strong as that of China Eratat.
AK not optimistic on this counter, as it launched in the wrong time, under votality market, globally. My view only. Perhaps hit and run would be the correct strategy. Cheers.
China Zaino starts trading on 18/4 at an IPO price of $0.60.
DAPAI is the leading brand for double-strap backpacks in China, with a market share of 35.8% in terms of revenue in '06, way ahead of number 2 brand Jinhou which has a market share of 4.3%.
Based on FY08 forecast, the IPO price indicates a post-dilution forward PER of 9.0x.