Li Heng's financial reports seem rather good and used to have more coverage by brokers, anyone has any idea why? I'm thinking of investing in it but am not really sure since the stock's price has barely moved in contrast to SGX.
by re-rated do u mean rated downwards? anyways i think that the sector has not seen full recovery yet. the company has also been improving self sufficiency so may not be majorly affected by the anti dumping laws in the long term.
"Successful investing means getting in early, when things are cheap, when everything is distressed when everyone is demoralized. To make a killing, you really need to get in during a time of dispair."
jimrogers-investments.blogspot.com/
if fully recover, do you think still can buy Liheng at S$0.22?? At this moment, do you think Liheng cheap enought?
The chemical fibre industry should be recovering strongly…..
Li Heng has been a laggard in its stock price movement. Time to play catch up?
Now 25 cents, up 1 cent.
How about Hongwei Technologies, which has seen strong insider buying?
Sadly, Li Heng is being dragged down by all those anti-dumping measures. Today's latest announcement is about the company being required to place deposits, which will not be positive for its working capital.
Sigh..... While other textile players seem to be enjoying a strong rebound in business & profits, this former market darling remains a pale shadow of itself. Closed at 21 cents.