China Sports   

New Year 2010 Ang-pow

:)

xingge      ( Date: 05-Mar-2010 16:27) Posted: I cut and run already.  No confidence.  Looks fishy.  Such a steep drop in so few days.  Like someone suggested: maybe there's something we don't know.  Well if BB wants to squeeze us and scare us, I admit defeat.  Better to cut and run while the running is runnable.

 

I cut and run already.  No confidence.  Looks fishy.  Such a steep drop in so few days.  Like someone suggested: maybe there's something we don't know.  Well if BB wants to squeeze us and scare us, I admit defeat.  Better to cut and run while the running is runnable.

 

Those who still holding China Sports. Good luck

I really hope it will rebound soon :P

Maybe its fate that I cannot earn $$$ from china sports. haiz

such a good stock but.....

Anyway Huat ah !

 

I hope it will get better. Really.... Today FTSE added Genting i will Funds Manager will buy in and 0.84 has really good support. So I am quite confident a rebound is coming :)

alanalanlee      ( Date: 04-Mar-2010 21:57) Posted: genting also dun look quite good now right?   risktaker      ( Date: 04-Mar-2010 21:43) Posted: stopped playing China Sports liao :) need ammo for Genting !!

 

genting also dun look quite good now right?

 

risktaker      ( Date: 04-Mar-2010 21:43) Posted: stopped playing China Sports liao :) need ammo for Genting !!

 

stopped playing China Sports liao :) need ammo for Genting !!

 

S$0.10 i will also accumluate again

 

i will further accumulate if 10cents

mic1838      ( Date: 03-Mar-2010 13:53) Posted: 10 cents or so can go in.....

 

wat is the outlook of this counter?

 

10 cents or so can go in.....

 

what is the price u r looking at?i came in abt .16

renzokun      ( Date: 03-Mar-2010 11:12) Posted: drop e more e better, me waiting to get in..hahah

 

drop e more e better, me waiting to get in..hahah

 

I personally really dont like S-chips -

My own view -

I think they produce too much and too fast and  become overcapacity cos they thought China, the giant, could drive the demand of whatever they 'MASS' produced.   The high stock price last year was it merely speculative?  and therefore.resulting in the steep plunge in  recent months. Remember during the credit crisis, the electronics products made in China were all badly affected so as textile business due to 'overcapacity'.    They are too reliant on global demand BUT, are they globally compatible with other brands???

The brand, China Hongxin , is always on 'Sales' in our local sports wear counter. Though on sale, it is still considered expensive. 

 

 

 

btw,just curious,if the counter continue dropping,usually will the company say something?

sorry lah..coz i quite new to stocks actually :)

 

but since the world cup is coming,they may be making profit this yr?

this counter is still 0.2 something in jan and now only .14,

any of u guys selling?

 

Hi,

This counter look like gone case.....

Poor profit margin release in the latest finanical report .....

That y this stock price is in down trend.

 

WOW KENA SHOT DOWN TODAY!!

 

is there any chances of this counter?

or it will continue to drop?

 

haha~~ seem like got BB watching in this forum. just said something, immediately sell down. lucky never buy contra or margin. haha

chartist2009      ( Date: 02-Mar-2010 15:43) Posted: Today sucess to get  $0.15 after accumulate at $0.16. due to recent earning profit drop, market maker takes chance to sell down. to me, i just use simple strategy, buy low to average down my cost and increase my quantity. remember never show hand when u see the lows. chartist2009      ( Date: 05-Feb-2010 13:31) Posted: i am not so much worry woh.. coz i am using "cash" to hold the shares, not playing margin or contra. what i know its that this company quite good fundamental, then i using TA to get in this counter with cheaper price. Even it drops, i only paper loss in short term. . In long term i will get reward in this counter. haha.

 

1 Mar 2010  DBS Group Research

China Sports International

Walking on thin margins
• FY09 net profits declined 34% yoy, below expectations

• Margins crushed to maintain sales

• Earnings forecasts cut by 22-25% in the light of challenging prospects

• Downgrade to Hold, TP cut to S$0.18

Downgrade to Hold, TP cut to S$0.18, based on 6x P/E, in light of intense
competition ahead and uncertainties relating to the effects of more capex going
forward.