forget the technical analysis charts. this is a fundamental story - abt the multi-billion dollar 3G programme in China, and it\'s abt a small player (Sinotel) which will become fat with profits from the 3G programme. One day, sinotel will reach $1.50 (for a PE of around 12X)
sinotel seems to be in a correction + consolidation phase, as early investors take profit - huge profit. good to hv these people out of the way, so new investors can hold the stock for the next price upmove. no guarantee on further upside of course but the industry is booming and sinotel should do well for at least 2 years more - just hope nobody there screws up or tries those funny things that S-chip managements hv done and fallen on their faces.
my godness sinotel! STI only now drop 8 pt but it keep heading down! shld hv cut loss earlier alama after selling ease off will it head back to high again??!!
oi when will the ADR start trading? this is going to be a big catalyst for the stock price, assuming the US fund managers are keen on the 3G potential as i believe they should be. another big factor in sinotel\'s favor is that its peers are trading at far higher valuations currently. if the US fund managers buy the sinotel ADR, the broker has to buy the sinotel shares in Singapore to package into the ADR. considering that sinotel is a small cap, if the US fund managers buy in a meaningful way, the demand will cause the stock price to reach $1.00 - one day ....