Dear Harlequin, Thanks for the information. Haha guess everybody has their own personal take on Sinotel or other companies. Anyway, merry xmas and a happy new year to you! ~Gerald8
I still dont get it? 10times out of 10, you will lose buying chinese stock and its better not to touch them. The Chinese economy has alrdy recovered and Wen has warned HK will face a double dip. Big institution like SeeHoiChan lost big time taking IPO of chinese stock. All taken to Holland. The fact is very simple. The account and sales figure are all hype up before listing and they took huge Cap size telling big time investor that they want to be just as big as China/HK listed Co. But as we know, China domestic competition is CUT THROAT! No 1 position is struggling and how a No 4, 5... 10 biggest producer of Whatever survive in this type of environment. 2nd thing is chinese dont hv ethic. They sell tainted milk to make money! What kind of businessman in the world do this kind with its gov civil servant in cohort! CEO that literally took Co. money thinking its he damn right! So many bad eg. - Institution sell run for exit the minute there is opportunity and you bet when there is no big fish to support in this kind risky environment - rest of us will be left holding the baby. Dont forget those of you who think from FerroCHina to SinoEnvironment were cheap - they all have gone bust and shldrs will never see their money back forever!! Take my advise - buy Spore Inc stock - Spore will prosecute director and we have matured. Dont let scondrel that list these rubbish and hv no evenue to prosecute continue with listing rubbish chinese Co. in Spore. They will destroy our capital!! and take Spore reputation to WC!
65 cents now. My friends say Sinotel will be presenting at SIAS Seminar this Saturday. Sure have a lot of people asking questions to gain more confidence. Why they dont announce contracts regularly if 3G is booming in China? Stock is undervalued compared to HK and US peers, of course. Just like lots of Schips. :laugh: Analysts\' target price of 90+ cent.
Sinotel has been a disappointment in being unable to climb in a sustained way beyond 62 c. Today, it has redeemed itself somewhat by jumping 3 c to 59.5 c. Does it mean the market appreciates its undervaluation at 6X PE? Or this is all short-covering?