Dukang's TDR surged in Taiwan with big volume

Dukang's poor timed listing in Taiwan today saw huge volume brokeout at TWD$14.60...
At 13.15pm, last done at TWD$14.75 (apprx S$0.63) with no more seller at the bid side...
In Singapore, Dukang last done at $0.565 with little volume of 76 lots....

My eyes popped out when looking at the chart --- Dukang has crashed from 90-cent level at the start of this year to 56 cent now. Wahliao, what happened to the bugger? The PE is still sky high at 75X. Why this stock can still go TDR?

According to Polaris Securities, Dukang may deliver EPS of $0.045 per share in FY2011 (a surge of 582%). The FY is ending 30 June 2011. Going forward, it is projecting to make $0.06 per share. Therefore, it may be trading at 12x FY2011 earnings and 9.5x FY2012 earnings. In that case it is not very expensive considering the ROE is >20% next 2 years.

Solid 2Q result. Any interest (stock at 42.5 cents)?

No.1 in volume on SGX this morning so far.... 40.5 cents. Sudden explosion in trading volume is so hard to understand. Sure kena SGX query soon.

DUKANG: 2Q2012 net profit up a whopping 55% at Rmb 94.4m

Dukang is seeing a lot more interest from buyers because ......
My broker said fund managers who visited the Dukang over the past 1 or 2 days were impressed.