China New Town   

China New Town Development

wah!!! as we speak...66.5cts liao siah...but still 20% lao sai from IPO price leh :P as it edge higher more room for SHORTINGs..hee..

 

because today is a good start to the market... don't short everybody's mood down man, else how to survive for the week...

CNT is still green, at least till now.

Hope the feel good sentiment is coming back, for the month of dec.

So come on STI, we need to buy x'mas presents and give cny ang bao.

 

ChinaNtown is the high volatile but bright prospect stock, we shall see how it perform in the long term.

"Short" can be apply on every stocks, especially on those with higher volatility.  Good luck ... 

 

 

well...prospect gd or not..will reflect in the burger's share price wan lah..for the time being...i see opportunities in SHORTing this to make $$ :))))))))))))))))

 

Prospect for the company is good. It is a long term investment stock.

 

pinnacle,

why start a new thread? dont like my original one with "SHORT" tag har? hee..

anyway...price been SHORTED down as expected..hee..cant cheong wan lah this burger i marked it DEAD liao ! :)

 

Singapore Hot Stocks-China New Town up on property deal



SINGAPORE, Nov 26 (Reuters) - Shares of China New Town Development rose as much as 5.6 percent to S$0.66 with 7.2 million shares traded after the firm said it would develop property in Changchun, China.

The Chinese residential property developer said in a statement that it will develop two land sites to form Changchun Automobile New Town, under a joint venture company in which it has an 80 percent stake.

"The deal is viewed positively by the market," said a local dealer.

 

China New Town Development Company (CNTD) announced on Friday that it has entered into an agreement to develop a 11 sq km township project in Changchun, China. CNTD will have an 80% stake in the project, Changchun New Town, while the remaining 20% will be held by the Changchun Auto Industry Development Zone Administrative Committee. Changchun New Town will comprise two sites - Site 1 which has an area of 3.0 sq km and Site II, which has an area of 8 sq km. The feasibility study for Site I has been completed while that for Site II is still underway, CNTD said. The total investment cost for Site I is estimated to be 2.5 billion yuan (S$487 million), and the initial registered capital required for the site is estimated at US$3 million, CNTD said. The project is the fourth township project in CNTD's portfolio.