Shark play for CNY money..after reach 0.080-0.090 price will go down again and saturated at 0.050-0.060..better sell out two weeks before CNY for the contra traders..be careful..hehehe
Company annouced new issue of securities for fund raising so need to push up price to make it attractive for investors pick up the shares probably above 0.10
Sumatec & Perisai drop so much because climbed too fast. Macam riding roller coaster. As long as Xinghe moves in moderation, the fluctuation will be smoother.
There is 4 main reasons why you should buy Xinghe... 1.It is a super undervalue share price. 2.company is free from debt & cash rich. 3.NTA 0.23 4.Private Placement
its usual stock up and down, most importantly it will defend new support which previosly its resistance. dont play stock if think price will up every day.
The real value in this company is not just the PE and Financials Xinghe Henan is amongst the top edible oils manufacturer in China marketing peanut oil and soybean oil. The real value is their distribution network, customers and trademarks China consumers are familiar with. Those palm oil majors who have interest in expanding into palm oils marketing and distribution China may find it cheap entry to China markets and immediately have access to the complete supply chain in China ready to sell palm oil, soybean oil and peanut oils.
Felda should open up their eyes and find this company interesting should they want to look out into China marketing and distribution....such a small market cap co, gives vast networks in China.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ahfad
1,880 posts
Posted by ahfad > 2018-01-17 11:57 | Report Abuse
sumatec done first wave, next second wave. normal la stock up and down, yg penting uptrend