Dont worry guys, China Hong maybe OK afterall, hope it end well, dont jump to conclusion so fast. So long we do not know the outcome yet, there is still hope.
Not vested, but have make money in this wonderful stock. I am all ready if it ever come back.
UMS tomolo is going to chiong, just got approval for SGX.
Personnally , look to sell, dont stay till cow come home, i believe Euro debt crises is going to bring us all down deep, not ME or Japan. BUt if radiation happen in a big way toward Toyko of course it is end games immediately.
Actually, all these crises are are started by the American. Because of their fiscal policies, have cause high inflation and joblessness around the world which lead ppl to revolt, and Europe to plunge into debt crises. Asia high inflation.
And i believe these problems are going to find their way back to their shore soon. If Asia high inflation,that is going to be bad for business if rate have to go up and they cannot buy from HP, Apples, or Microsoft. which in turn slow down their GDP growth.
This crises play out will be like table tennis, till we are in deep depression. I believe we are in a secular bear mkt.
Take care, look at it this way, you loss money, but those Japanese they lose their life. I believe those who can buy share can afford to lose the money. Or it is?
I believe you are all more or less well off financially, but of course it is still painful. Anyway, some day, somehow you are going to lose the money also. You know what i means?
Good luck
cheongwee
Cheongwee,
share your sentiments. Lose some, win some and lose some again...But very glad that I am stil around on this earth. But wonder when we would be affected by the radiation via the winds, the rain and food chain. Sigh.
So, decided to "go back and enjoy" my chinese operas and kungku DVDs for one month.
An order win is nothing good unless a company is able to translate it into good profits. For some company, an order win could even mean more losses on the way.
Below are some data on the profitability of ERATAT vs China Hongxing over the last 3 years – No of issued shares:
China Hongx – 2,800M .. Eratat – 415M EPS(RMB) : FY(Dec)08– 17.7 cts ….FY(Mar)09– 30.3 cts
FY(Dec)09– 4.7 cts ……FY(Mar)10– 23.3 cts
1H(Jun)10 - 1.4 cts …..1H(Sep)10– 17.2 cts
9m(Sep)10– 2.3 cts …..9m(Dec)10– 26.8 cts
To raise its EPS by one cent, China Hongx would need to increase its nett profit by RMB28 million while Eratat would need just RMB4.15 million.
The above data shows that Eratat has a far superior management that could steer the company through China’s economic slowdown and the competitive business environment. China Hongx is still struggling to get back on its feet. As S-chips have higher risks and also higher rewards, it is always wiser to focus on companies that show evidence of capable management in order to reduce investment risks.
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[ethan999 23-03-2011]:
Let's be fair here a company announces order book and you want to denigrate it simply because Hongxing also announced order book before? Thousands of companies out there regularly announce their order books, it's a common part of business. This one was a pleasant surprise as it comes as an addition to the current order book already in place for 1h 2011, meaning that 1h 2011 represents its strongest Order Book ever.
Revenue and profit will sure break record again in FY11..........price is unlikely to surge in short term due to the many audit issue with s-chip.......high risk....high gain!
where got chiong? i may implement stop loss if anytime euro or whatever come first to rock us in SGX.
This one got no problem, i am sitting on hugh profit, bought 38c, then 44c.. even got the fat div. payout. But innotek little profit, no worth mention. just wk ago add 55c. during mkt lau say day.
What you all think will be the next big shocker to derail the world economy?
i think it got to be euro debt crises, just one of them default, and we are dead. Historically, no calamity like earthquake or polictical crises can whack market more seriously then financial one.
Have trailing stop for all counters is your best insurance and only defence. One expert said if you never ever cut loss, most likely you are a lousy invester. I forgot his name , sorry, but it is true i read it before.
no point to be a value invester and still average down, and even if your counter are so good it will go down all the same in a big market sell down. Follow the trend and buy back later cheaper and ride back up with even more fatter profit. better than follow down and up and got nothing.
Remember, stop loss is not "loss" , it is just withdraw to the side as if the enemy(fund) is too strong, we cant stay and fight, we will dies for sure, no chance to fight back. Retreat and recuperate and attack another day when you are at upper hand and advantage.
Look what the Vietnamese did, they won the war against the bigger and stronger American. Guerilla warfare, look at the terrorist fighting in Afghanistan, US is losing again. This is what we shd do in the mkt. We are small , we can never stand up to BB.
we should be like them , esp now....anytimne now mkt will collapse big time. I dont know when but over the next few quater dont look good.
You got ME, euro debt crises, Asia high inflaiton, Japan Quake, what next? all happen abt the same time.
take care, ready to cut is your best defence. Remember ,you only withdraw, you did not lose. Dont say papr loss only, a loss is a loss, and you may never come back again.
wise up, sell early and buy back as late as possible, and be patient. Never average down.
One guy you know, he is call Nick Leeson, if you remember he was the guy who average down and lose big time and lost a big bank call Baring. remember?
He was bad luck, as at that time there was an earthquake in Japan also.
take care and good luck.
cheongwee
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[happin 24-03-2011]:
Congrats Cheongwee on the UMS 'cheong' this morning.
Eratat has firmed up to 21 cents - It deserves a better price.
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