sino grandness - undervalued stock

Grand dame
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11 years 9 months ago #9861 by Grand dame

Replied by Grand dame on topic Re:sino grandness - potential undervalue stock

good tracking by Lim & Tan:

Sino Grandness rose 2.5 cents yesterday after the dayâs before 1/2 cent rise, bringing the total gains to about 7.3% since we highlighted the stock as an attractive pre-results play candidate 2 days ago.

ï¬ While the 2 day gains alone is already close to the average 8% gain that the stock usually makes in the 1 month period before its quarterly result releases, we note that gains could go to as high as 13-18% as seen in Nov â11 and Nov â10
.
ï¬ This suggests potential for another 6-11% gains which would see the stock hitting our resistance level of 46.5- 48 cents.

ï¬ We understand that management is planning to update the investment community about their expansion plans and new distributorships in the new provinces in China when they come down for their EGM on 19 July â12.

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ethan999
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11 years 9 months ago #9957 by ethan999

Replied by ethan999 on topic Re:sino grandness - potential undervalue stock

Something is brewing at Sino Grandness. Has possibly been the best performing s-chip over the last few months.
Could their aggressive expansion plans be coming into fruition?

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Grand dame
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11 years 9 months ago #9958 by Grand dame

Replied by Grand dame on topic Re:sino grandness - potential undervalue stock

The CEO coming on July 19, Thursday for EGM, so there is a flurry of expectation and excitement. The analysts and fund managers will have lots of input about the business.

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Pin2
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11 years 9 months ago #9992 by Pin2

Replied by Pin2 on topic Re:sino grandness - potential undervalue stock

ethan999, you very zhun!

stock now 46.5 cents. do you think the stock price is moving ahead of good news surrounding the meetings with analysts?

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ethan999
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11 years 9 months ago #9994 by ethan999

Replied by ethan999 on topic Re:sino grandness - potential undervalue stock

Let's put it this way. In order for them to commit to such ambitious targets for convertible bond agreement with Goldman Sachs, the management must have seen enough evidence to make them very confident in attaining their ambitious growth targets for the garden juice segment.
Sino Grandness is one of the few chinese stocks that has remained steady since the highs back in February and March.

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ethan999
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11 years 9 months ago #10052 by ethan999

Replied by ethan999 on topic Re:sino grandness - potential undervalue stock

Watch this baby fly even as other s-chips remain in the doldrums. Without any official news reports over the last couple of days, some people inside there must know more than others..

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