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what's the significant of the sale?
A +ve development in the company board tussle indeed. With this behind, we can now look at the true potential of the company.
Taken from the company website <目前各类产品已在中国移动、联通、电信、网通、铁通等公司和多家省级有线电视网络的传输系统中广泛应用，产品覆盖高速公路、隧道、地下设施、高层建筑等领域，公司已成为国内最具规模、实力和影响力的同轴电缆制造商之一，其中移动通信用RF电缆的市场占有率已位居全国同行业之首。>
So the answer is yes... they are the leader in RF cables in China. I am a strong believer in the 3G licensing this year. And Hengxin is definitely a direct benefiter of this development.
Dear Jackjames,
Yes, I always train myself try to be accurate when I make a call, hopefully, so far okay... Thank you, I might reap some capital gain with my Hengxin investment.
Hulumas, your second chance for Hengxin paid you well... heee... once again, TA people cannot explain the price up today.. (external news?)
Did anyone buy this when i post at 0.62c ? I just contra off at 0.7c, make a few k kopi $. Good Luck.
It is the correct time to enter now, I think the worst is over and news is out, the management is kick out now. Good time is ahead !!!
Hi All, for your info, this stock is trading lower and lower from 2 weeks back. it might break the 50cents level before the AGM on 18Jan.
heng xin is dealing with cables (the largest cable co. in china?), prospects shld be gd.. hopefully their mgt tussle can be satisfactorily settled (corporate governance to be strengthened too.?) ... not vested currently
This stock is a high growth stock but no one can know what is happening at the broad level after the tussle. For the best safety, need to wait for next available quarter result and comments prior looking at this stock again.
Dear Readers,
I might look at it, generous enough to give second chance to public to reap another handsome capital gain.
It's probably very difficult for Hengxin to rise again, since it's virtually dropped back to near where it began before it rose, and this can hardly be called a retracement although 100% retracements do happen. I'll classify this as a problem stock fundamentally as well as technically.
management tussle => avoid.
Dear Readers,
Sorry, wrong typing Hongxin should read Hengxin.
Dear Readers,
Hopefully, today is the bottom day for Hongxin, and I have bought 20 lots at Sgd. 0.54, I shall keep buying for long term holding.
just keep dropping... when is the support point? 0.46?
Avoid this counter. Still on a downtrend.
how's their new management? They have meeting on Jan 18, not sure if the news will be good... by the way, the 4Q results should be good as 3Q.
folks...better wait and watch....this is a bumpy counter
Looks to be downtrending now still
Any guru want to comment this counter? 0.58 is kind of attractive price now.. how's the chart reading now?