sino grandness - undervalued stock

Got in early ....still holding it and would love to ride it for next 6-12 months for good gains assuming their juices are really hot-sellers.

5 months later and Sino Grandness is no where near your grand target of 80 cents. Do u think it is worth that much?
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[garl 10-02-2011]:

I join the bandwagon. This one will go up some more.... Will keep it till 80 cents when PE is about 6x this year's expected earnings ,,,then c how.

Sino Grandness had roadshows in KL, SG and Hk and they managed to whip up interest among institutional investors. Now chasing to 53.5 cents.

49 cents now --- cheap cheap compared to 54 cents post-roadshow recently

U.S. stocks rallied, extending a weekly gain for the Standard & Poor’s 500 Index, as European officials announced 160 billion euros ($230 billion) in aid for Greece to stop the region’s debt crisis from spreading.
The Dow Jones Industrial Average climbed 152.50 points, or 1.2 percent, to 12,724.41.
“They’re making sure Greece is properly funded, and hopefully settle down any infection that comes from Greece to the rest of the market, like we’ve seen hitting Italy and Spain,” Madelynn Matlock at Huntington Asset Advisors in Cincinnati said in a telephone interview. She helps oversee $14.8 billion.

“You’re seeing rhetoric on what is possible in aiding Greece and how we can make it work.”

Looking back at the last 4 quarterly results releases, trading interest typically rises ahead
of its results releases. Next upcoming results in early August =-= likely to again be robust.

Market is upbeat with average consensus buy target price of between 68-79 cents. BUY ahead of its results release!