Sunvic appears to be cheap as its PE for 2010 is about 3-4X but this business is volatile .......If you have already got in, you might want to consider this as a short-term trade. Perhaps the stock may rise further after 4Q results are announced - then I would get out with a profit if I can. Stock pric e of 80 cents does not look impossible but downtrend to 60 cents doesnt look imposible either.
Thanks Happin I am considering to enter for short term trade. Looking at today STI .. maybe better to enter tomorrow. I am also monitoring Biosensor and Midas.
Found this article where AmFraser said its Fair Value is S$1.02.
"After studying their listed peers on the SGX and HKEx, we peg a 6x P/E valuation on their FY2010E earnings of S$0.17 (exchange rate of RMB1:SGD0.195) to arrive at our FV." [url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/3354-leader-environmental-sunvic-what-analysts-say-now]ZIWO, LEADER ENV, SUNVIC, TECHNICS OIL, WILMAR: What analysts say now....[/url]
Quite hopeful, man! S$1.02.....
80 cents can take profit already lah. Max 88 cents. But like I said, the stock could also go south and hit 65 cents. That's life.
morning. got mine at 720 though.. let see how far this can go.. looking at STI.. i guess limited for time being.. seems like STI hv no direction to take.
Your Sunvic purchase is really profitable because now it is 78 cents, up 6 cents from your purchase. 8.3% in a matter of a few days.... Will you ride it up all the way to ....$1.00....after a sterling set of results are announced?
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