This China counter had drop to it's 52 weeks lowest yesterday at around 18.5 cents...so cheap so sapu alot & hope for the best. Now you see many Chinaman directors sold in large quantities too...wonder why too.
However this counter is still a ok as it's NTA stands at 44 cents, EPS at around 4 cents & a low PER of around 4 too. Not too bad for a China company that even pays a nice dividend of 2.72 cents TE last year but sorry lah this year no dividend as profit down by more than 50%.
For 5 months the price had drop from around 32 cents to 19 cents now....cheap to pick isn't it but then I hope that I won't get con by those Chinaman, hee,hee,hee. Highest price for the 52 weeks is around 57 cents...so cheap now, OMG.....so buy & hold lah a few months perhaps?...........or will it go further down is left to be seen
Yes, brother Fat Cat Tim Buddy , all China based company got to be very careful.....you just said food & drink, what about shoes, not totally shoes but shoe soles but in Malaysia, semua BOLEH.....all China based companies welcome with open arms but not in the more transparant Singapore Exchange. Now no China based companies can be listed in Singapore, always rejected by then but Malaysia, the opposite, all BOLEH.
Even a company with no assets, no profit to show & no business done, nothing to show but just expty shell company also allow to issue IPO in Malaysia, where got meaning.....you & me also can be a rich man too this way, hee, hee, hee
Still show no sign of stopping to slide south, and also not find reasons for cutting lost. Fundamental seem still intact. Just puzzle and dont know why. China based counters........transparency?
Received mail alert today: 1H net profit 4.718 million (decreased 84.95%). Think the counter can rebound? I don't think so...not for this year at least.
Slide seems to stop now at 0.105. Rebound possible if quarterly results profit improved, and better still declares a dividend end of financial year. Have lost hope on this counter. Now only hope to cut lost whenever can....
Lets wait a little while for the release of 1st quarterly results. If results positive and reasonable profits recorded, perhaps can hold on a little longer, and hope that a saver knight may appear?
better not to dispose it now. cos I think the price is touching down now. all the investors are lost in this counter. if you dispose right now than this mean that you are lost. otherwise you can profit a lot. I am confidence this counter because red wine will not have due dated, and also this company is having its own farms and factory and a lot of brand red wine. young Chinese people will be its supporter.
I have disposed most of my holdings on this counter, and cut losses whenever can. I made a decision never get-in any "Red Stocks" again, after reading the novel by paida master Mr. Xiao Hong Chi entitled "股色股香"...an interest novel about China stocks listings.
something fishy with this stock as major shareholders dont seemed to do anything to stamp the carnage.with so much holdings in cash, they are not putting it to good use which becomes highly dubious and suspicious of their intention.
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....
chong
3,074 posts
Posted by chong > 2012-04-10 04:11 | Report Abuse
This China counter had drop to it's 52 weeks lowest yesterday at around 18.5 cents...so cheap so sapu alot & hope for the best. Now you see many Chinaman directors sold in large quantities too...wonder why too.
However this counter is still a ok as it's NTA stands at 44 cents, EPS at around 4 cents & a low PER of around 4 too. Not too bad for a China company that even pays a nice dividend of 2.72 cents TE last year but sorry lah this year no dividend as profit down by more than 50%.
For 5 months the price had drop from around 32 cents to 19 cents now....cheap to pick isn't it but then I hope that I won't get con by those Chinaman, hee,hee,hee. Highest price for the 52 weeks is around 57 cents...so cheap now, OMG.....so buy & hold lah a few months perhaps?...........or will it go further down is left to be seen
Cheers.