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New Year 2010 Ang-pow

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chartist2009
    02-Mar-2010 15:43  
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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. Smiley. In long term i will get reward in this counter. haha.

 



lsj840428      ( Date: 05-Feb-2010 12:40) Posted:

. 16 was my TP previously, but looking at yst dj slump, i hv lower the TP again......if tonight dj broke 10k, tt would be interesting.....


 
 
alanalanlee
    01-Mar-2010 20:39  
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when u think they will return?

btw,u still on genting?



risktaker      ( Date: 01-Mar-2010 19:54) Posted:

No choice have to tahan till BB turn their interest on China Sports. Dont depend on me :P I am gone case liao lol

 
 
risktaker
    01-Mar-2010 19:54  
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No choice have to tahan till BB turn their interest on China Sports. Dont depend on me :P I am gone case liao lol
 

 
monstar83
    01-Mar-2010 19:39  
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still not moving ...............

very doubtful of the future outlook lei.
 
 
alanalanlee
    27-Feb-2010 17:14  
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ya..it looks quite good,see how the mkt goes on mon.

may buy in if the price is good.
 
 
risktaker
    27-Feb-2010 17:05  
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few stocks having problem uploading thier FR to SGX yesterday night. The service restarted this morning.

From the FR you can see that China Sports:

1) NAV SGD 0.23 and Assets have raise.

2) Revenue continue to raise. which means market share has increase.

3) Average selling price has decrease hurting group profit due to intense market competition. But they are still making profit and gaing maket share despite of weak economy and intense competition.

4) Paid off over RMB 10 million worth of loans. Only prove that they have solid cash flow.

What to Expect in coming Months

1) Building a new manufacturing plant to increase its in house capacity. Therefore further reducing production cost and increasing quality.

2) Expecting more Ads & Promotion to enchance its brand standing in PRC. 

3) FIFA World Cup will kick off by June 2010. FIFA world Cup Events store expect to be ready by May 2010. Expect additional income from FIFA Apparels in the coming quarters as they are the Master Distributors in Whole of China.

4) PRC are recovering but consumer confidence are still lagging behind the economy. If PRC manage to stablise its growth we will see consumer spending recovering within 3-6 months. Remember its China time :)

5) Pretty Sure this coming year will have Dividend :)

Recommended Buy

Good Luck Guys.

BOSAYOR. 



alanalanlee      ( Date: 27-Feb-2010 15:05) Posted:



so what u guys think of mon mkt?

will it drop again?

 

 
alanalanlee
    27-Feb-2010 15:05  
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so what u guys think of mon mkt?

will it drop again?
 
 
trader9988
    27-Feb-2010 14:34  
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results out: compared tro FY08, Fy09 net profit drop 33% to $122.6 RMB & no dividend.....

 

CHINA SPORTS POSTS NET PROFIT OF RMB122.6 MILLION IN

FY09 ON REVENUE OF RMB1.9 BILLION

Group revenue hit record high on stronger sales of YELI products

across the board despite challenging market conditions

YELI apparel sales rose 10.7% in FY09 to RMB385.2 million

YELI accessories sales surged 66.3% in FY09 to RMB13.3 million

YELI apparel gross profit margin increased to 35.8% in FY09

YELI and OEM footwear gross profit margin declined to 10.1% in FY09

EPS in FY09 was 16.94 RMB cents

NAV per share at 112.39 RMB cents as at 31 December 2009

Financial Highlights 3 months ended 31 Dec 12 months ended 31 Dec

RMB (million) 4Q09 4Q08 Change FY09 FY08 Change

Revenue 397.3 505.1 -21.4% 1,904.8 1,859.7 2.4%

Gross Profit 50.8 82.6 -38.6% 290.8 386.3 -24.7%

Gross Margin 12.8% 16.4% -3.6ppt 15.3% 20.8% -5.5ppt

Net Profit 10.4 30.2 -65.8% 122.6 184.9 -33.7%

Net Margin 2.6% 6.0% -3.4ppt 6.4% 9.9% -3.5ppt

 
 
kenkenken
    27-Feb-2010 12:46  
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dont think this counter take investor seriously in today report.

Late for report and not even a penny of dividend declare. not vested.
 
 
grandmaster89
    27-Feb-2010 10:53  
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The Directors do not recommend any dividend in respect of the financial year ended 31 December 2009

Make profit, got 900 million cash, over 1 billion revenue, still want to raise money from shareholders but cannot distribute even 10% of their earnings ????
 

 
lsj840428
    27-Feb-2010 01:20  
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what kind of lousy announcement, after posted never implement it............


leolim818      ( Date: 25-Feb-2010 16:10) Posted:



Result release tmr, any comments?

CSI_FY09-Results-date-of-release_25-02-2010.pdf

 
 
alanalanlee
    26-Feb-2010 19:26  
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is the report out?
 
 
alanalanlee
    25-Feb-2010 20:02  
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but their shares has not been going up for quite a while.really hope some good news tmr.
 
 
risktaker
    25-Feb-2010 19:57  
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better than China HongXing for sure :) They didnt issue profit guidance like China Hong Xing

leolim818      ( Date: 25-Feb-2010 16:10) Posted:



Result release tmr, any comments?

CSI_FY09-Results-date-of-release_25-02-2010.pdf

 
 
leolim818
    25-Feb-2010 16:10  
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Result release tmr, any comments?

CSI_FY09-Results-date-of-release_25-02-2010.pdf
 

 
alanalanlee
    18-Feb-2010 13:38  
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this counter does not seem to be moving :(
 
 
eevelynn
    09-Feb-2010 23:04  
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ya! haha risktaker when you have spare cash from your Genting come back to chinasports

risktaker      ( Date: 09-Feb-2010 22:51) Posted:



You have to use TA (Entry point + Exit point) + FA (To make sure you play the right stocks)

US market is roaring :P

 
 
eevelynn
    09-Feb-2010 23:01  
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yep that's what I have just said. I am learning

lsj840428      ( Date: 09-Feb-2010 22:50) Posted:

then u nid to work harder on both TA and FA rather than stalking ard.......

eevelynn      ( Date: 09-Feb-2010 22:42) Posted:

ehh.. I am just an amateur.. so in fact I am stalking around and reading opinions.. Cos I dont have any background and dont know any technical analysis etc. so just learnin


 
 
risktaker
    09-Feb-2010 22:51  
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You have to use TA (Entry point + Exit point) + FA (To make sure you play the right stocks)

US market is roaring :P
 
 
lsj840428
    09-Feb-2010 22:50  
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then u nid to work harder on both TA and FA rather than stalking ard.......

eevelynn      ( Date: 09-Feb-2010 22:42) Posted:

ehh.. I am just an amateur.. so in fact I am stalking around and reading opinions.. Cos I dont have any background and dont know any technical analysis etc. so just learning

lsj840428      ( Date: 09-Feb-2010 22:25) Posted:

what r u currently looking at? Mind to share?



 
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