sino grandness - undervalued stock

Short covering by Thais probably. Salute them for excellent play play to get placement shares cheap cheap @ 40.35 cents. Sibei solid. From now, let's see them set the stock on fire. All the way to 65 cents?

The Thai massage is over. No more downward pressure. Even @ 48 cents now, the share is a steal. PE only 2+. LOL

Rich wrote: The Thai massage is over. No more downward pressure. Even @ 48 cents now, the share is a steal. PE only 2+. LOL

-- Agree, only 2+ PE and some of my friends already are taking profit at 47-49 cents on their 'daring' buys at below 40 cents. Rightly, this kind of high-growth business should be rated 10-20X PE. That means up to S$2 per share instead of a measly 49 cents, right? Come on people, show some confidence!

I will be very happy if the price can reach $1.00 (50% of $2.00)!

From 40.35 cents to 53.5 cents !

Thais dancing :woohoo: because 1 week gain: 86 million shares x 13 cent a share = S$11.1 million

% gain = 32% in 1 week.

While it's a fact that Sino Grandness is trading at less than 3X PE, investors are also getting into the stock because of its positive momentum. Investor psychology can drive the stock price further up, going by this chart (which is clickable):



At below 40 cents, amid worries caused by Newman9, the stock was at No.10 in the chart. That was the point of maximum financial opportunity but the sellers didn't know it.

Now, at 53 cents, I think we are at No. 11 or No.12.

Excitement (No.2) will come if the stock hits $1.00, I think.

Euphoria ? What price do you think it would be at?