31 March 2007
Live Trading Records for Week 26 Mar 07 to 30 Mar 07
Live Trading Records for 26 Mar 07, Mon
Beauty China bot 1.07
Hup Steel bot .405
MMI added 1.62
Tat Hong sold 1.42, profit 8.4%
CNA bot .545, added .54
Stamford Land bot .415
Courage Marine bot .22, added .215
TPV bot .96
Hr Glass bot 1.21
Wing Tai bot 2.86
Westech bot .26
Chip Eng Seng bot .36
ASL bot .95
Asia Env bot .505
Live Trading Records for 27 Mar 07, Tue
SuntecReit bot 1.94
Hup Steel sold .44, profit 8.6%
Unisteel sold 2.78, profit 4.5%
KepCorp sold 19.00, profit 6.1%
Pan United Marine bot 1.76, added 1.77
Sunpower sold .395, profit 12.8%
Mediaring bot .400
GMG bot .13
CapMall bot 3.74
Jiutian bot 1.95
Broadway bot .815
Sinwa bot .515
Yongnam bot .28
Innovalu bot 1.15
Hiap Seng bot .725
Live Trading Records for 28 Mar 07, Wed
Jadason bot .235
PanUnited bot .84
Middle East Dev R sold .12
Wing Tai sold 3.16, profit 10.5%
CHT sold .67, profit 7.2%
SSH bot .255
Luzhou bot .68
CSC bot .23
Techcomp bot .34
Hour Glass sold 1.28, profit 5.8%
Miyoshi bot .275
Sing Invest bot 2.01
Pacific Health bot .32
BreadTalk bot .405
Live Trading Records for 29 Mar 07, Thu
Aqua Terra bot .455
Ouhua bot .42
DMX bot .575
SSH sold .275, profit 7.8%, partially filled
Lian Beng sold .295, profit 13.5%
Union Steel bot .375, I'm the breakout maker.
SC Global bot 4.60
Swiber added 1.32, added 1.31, 4 times of average weight, min tg 1.54 in short term, nice correcting formation.
Golden Agri bot 1.77
Seksun bot .565, grabbed from other traders at last 5 minutes
Beng Kuang Marine bot .46, grabbed from other traders at last 5 minutes
Live Trading Records for 30 Mar 07, Fri
Soilbuild added .75
Techcomp sold .395, profit 16.2%
Orchard sold 1.28, profit 14.3%
Noble sold 1.48, profit 8.0%
Fibrechem sold 2.12, profit 9.3%
Innovalu sold 1.34, profit 16.5%
Asia Water bot .735
K-Reit bot 3.20
UE bot 3.08
Cityneon bot .42
Comfort bot 1.93
Macquare Inf bot 1.10
Midas bot 1.58
AutoTouch bot .145
SMB bot .28
Unionmet bot .64, added .635, 3 times weight
Sim Lian bot .625
UOBK bot 1.53
AllcoReit bot 1.27
Live Trading Records for 26 Mar 07, Mon
Beauty China bot 1.07
Hup Steel bot .405
MMI added 1.62
Tat Hong sold 1.42, profit 8.4%
CNA bot .545, added .54
Stamford Land bot .415
Courage Marine bot .22, added .215
TPV bot .96
Hr Glass bot 1.21
Wing Tai bot 2.86
Westech bot .26
Chip Eng Seng bot .36
ASL bot .95
Asia Env bot .505
Live Trading Records for 27 Mar 07, Tue
SuntecReit bot 1.94
Hup Steel sold .44, profit 8.6%
Unisteel sold 2.78, profit 4.5%
KepCorp sold 19.00, profit 6.1%
Pan United Marine bot 1.76, added 1.77
Sunpower sold .395, profit 12.8%
Mediaring bot .400
GMG bot .13
CapMall bot 3.74
Jiutian bot 1.95
Broadway bot .815
Sinwa bot .515
Yongnam bot .28
Innovalu bot 1.15
Hiap Seng bot .725
Live Trading Records for 28 Mar 07, Wed
Jadason bot .235
PanUnited bot .84
Middle East Dev R sold .12
Wing Tai sold 3.16, profit 10.5%
CHT sold .67, profit 7.2%
SSH bot .255
Luzhou bot .68
CSC bot .23
Techcomp bot .34
Hour Glass sold 1.28, profit 5.8%
Miyoshi bot .275
Sing Invest bot 2.01
Pacific Health bot .32
BreadTalk bot .405
Live Trading Records for 29 Mar 07, Thu
Aqua Terra bot .455
Ouhua bot .42
DMX bot .575
SSH sold .275, profit 7.8%, partially filled
Lian Beng sold .295, profit 13.5%
Union Steel bot .375, I'm the breakout maker.
SC Global bot 4.60
Swiber added 1.32, added 1.31, 4 times of average weight, min tg 1.54 in short term, nice correcting formation.
Golden Agri bot 1.77
Seksun bot .565, grabbed from other traders at last 5 minutes
Beng Kuang Marine bot .46, grabbed from other traders at last 5 minutes
Live Trading Records for 30 Mar 07, Fri
Soilbuild added .75
Techcomp sold .395, profit 16.2%
Orchard sold 1.28, profit 14.3%
Noble sold 1.48, profit 8.0%
Fibrechem sold 2.12, profit 9.3%
Innovalu sold 1.34, profit 16.5%
Asia Water bot .735
K-Reit bot 3.20
UE bot 3.08
Cityneon bot .42
Comfort bot 1.93
Macquare Inf bot 1.10
Midas bot 1.58
AutoTouch bot .145
SMB bot .28
Unionmet bot .64, added .635, 3 times weight
Sim Lian bot .625
UOBK bot 1.53
AllcoReit bot 1.27
Labels: Live Trading Records
25 March 2007
Live Trading Records for Week 19 Mar 07 to 23 Mar 07
Live Trading Records for 19 Mar 07, Mon
no trading.
Live Trading Records for 20 Mar 07, Tue
Amara bot .615
Noble bot 1.37
Synear bot 1.93
Tat bot 1.31, time to revenge
See Hup Seng bot .49
Fibrechem bot 1.93, time to revenge
Koh Bro bot .325
China Sky bot 1.35
Bonvests bot 1.97
OrchardP bot 1.12
HL Fin bot 3.92
Live Trading Records for 21 Mar 07, Wed
Pine bot .655
StraitsAsia bot .84
Sunpower bot .35
Capitaland bot 7.50
Tuan Sing bot .25
FerroChina bot 1.56, added 1.55, double weightage, time to revenge
Guangzhao bot .185
Auston bot .32
Maple bot 1.30
Ezra bot 5.15
Longcheer bot .73, double weightage, time to revenge
Kepcorp bot 17.90
Sinopipe bot .355
Swissco bot .63 double weightage
Live Trading Records for 22 Mar 07, Thu
China Farm bot .66
UIC bot 2.78
Sino Tech bot 1.32
Hongguo bot 1.22
Sunvic bot .785
KS Tech bot 2.84 / 2.85, double weight
China Energy bot 1.16
UOL bot 5.20
F&N bot 5.20
OCBC bot 8.75 added 8.75, double weight
Lianbeng bot .26
PFood bot 1.45
Rotary bot .935
China Milk bot 1.20
Venture bot 14.60
CityDev bot 14.10
CHT bot .625
SP Chemicals bot 1.07
KepLand bot 9.25
Swiber test bot 1.26
UOB bot 21.00
SMRT bot 1.50, added 1.49
Soilbuild bot .94
CWT bot .945
Parkway bot 3.24
SembKim bot .665
Live Trading Records for 23 Mar 07, Fri
Ausgroup bot .645 added .65
Unisteel bot 2.66
AscottReit bot 2.07
Madarin bot 2.02
ST Engg bot 3.32
CapitaRChina bot 3.04
China Life bot .355, time to revenge, added .35
FJBen bot .700
StraitsAsia sold .965, profit 14.9%
MMI added 1.62
Wheelock bot 3.16
Live Trading Records for 19 Mar 07, Mon
no trading.
Live Trading Records for 20 Mar 07, Tue
Amara bot .615
Noble bot 1.37
Synear bot 1.93
Tat bot 1.31, time to revenge
See Hup Seng bot .49
Fibrechem bot 1.93, time to revenge
Koh Bro bot .325
China Sky bot 1.35
Bonvests bot 1.97
OrchardP bot 1.12
HL Fin bot 3.92
Live Trading Records for 21 Mar 07, Wed
Pine bot .655
StraitsAsia bot .84
Sunpower bot .35
Capitaland bot 7.50
Tuan Sing bot .25
FerroChina bot 1.56, added 1.55, double weightage, time to revenge
Guangzhao bot .185
Auston bot .32
Maple bot 1.30
Ezra bot 5.15
Longcheer bot .73, double weightage, time to revenge
Kepcorp bot 17.90
Sinopipe bot .355
Swissco bot .63 double weightage
Live Trading Records for 22 Mar 07, Thu
China Farm bot .66
UIC bot 2.78
Sino Tech bot 1.32
Hongguo bot 1.22
Sunvic bot .785
KS Tech bot 2.84 / 2.85, double weight
China Energy bot 1.16
UOL bot 5.20
F&N bot 5.20
OCBC bot 8.75 added 8.75, double weight
Lianbeng bot .26
PFood bot 1.45
Rotary bot .935
China Milk bot 1.20
Venture bot 14.60
CityDev bot 14.10
CHT bot .625
SP Chemicals bot 1.07
KepLand bot 9.25
Swiber test bot 1.26
UOB bot 21.00
SMRT bot 1.50, added 1.49
Soilbuild bot .94
CWT bot .945
Parkway bot 3.24
SembKim bot .665
Live Trading Records for 23 Mar 07, Fri
Ausgroup bot .645 added .65
Unisteel bot 2.66
AscottReit bot 2.07
Madarin bot 2.02
ST Engg bot 3.32
CapitaRChina bot 3.04
China Life bot .355, time to revenge, added .35
FJBen bot .700
StraitsAsia sold .965, profit 14.9%
MMI added 1.62
Wheelock bot 3.16
Labels: Live Trading Records
19 March 2007
Live Trading Records for Week 12 Mar 07 to 16 Mar 07
Live Trading Records for 12 Mar 07, Mon
Berlian bot .300
Capcom Trust bot 2.91
Orchard bot 1.06
JiuTian bot 1.91
Swiber bot 1.23, added 1.22
Sino Tech bot 1.23
Broadway bot .635.
Amara bot .54, sold .605 2:45pm same day! profit 12%.
China Sky bot 1.31
Middle East Dev bot .26
Fibrechem bot 1.91
See Hup Seng bot .46
CHT added .615
Pac Andes bot .885
Asia Env bot .46
Swissco bot .61
Live Trading Records for 13 Mar 07, Tue
Tai Sin bot .48
Allgreen bot 1.62
Longcheer bot .700
Wing Tai bot 2.82
Supercoffee bot .900
UOL bot 5.10
Labroy bot 1.80
Rotary bot .925
Broadway sold .69, profit 8.6%.
Aztech bot .38
CSC R250 sold .095
Miyoshi bot .275
Ellipsiz sold .79, profit 9.7%
Luzhou bot .665
--------------------------------------------------------------------------
following records were added on 19 Mar 07 as promised:
Rotary sold .905 (bot .925), lost 2.2%
UOL sold 5.10 (bot 5.15) lost 1%
Labroysold 1.79 (bot 1.80) lost 0.6%
Allgreensold 1.63 (bot 1.62) gained 0.6%
CG Techsold .745 20% (bot .414 on average) gained 80%
Orchard Paradesold 1.09 (bot 1.06) gained 2.8%
Yanlordsold 2.04 (bot 1.92) gained 6.3%
Union Metalsold .355 (bot .355)
Sino Tech sold 1.29 (bot 1.23) gained 4.9%
SIA Engg sold 4.42 (bot 4.30) gained 2.8%
PF sold 1.35 (bot 1.41) lost 4.3%
Middle East sold .255 (partially filled) (bot .26) lost 2%
Midas sold 1.38 (bot 1.33) gained 3.7%
KS Energy sold 2.79 (bot 2.4800) gained 12.5% (double relative weight)
Kim Eng sold 1.55 (bot 1.57) lost 1.3%
KepCorp sold 17.30 (bot 17.50) lost 1.1%
Jiutian sold 1.90 (bot 1.91) lost 0.5%
Hupsteel sold .385 (bot .385)
HongFok sold 1.01 (bot .935) gained 8%
Ferro China sold 1.49 (bot 1.49)
DBS sold 21.20 (bot 21.50 on average) lost 1.4%
Comfort sold 1.91 (bot 1.85) gained 3.2%
Chip ES sold .35 (bot .35)
China Sky sold 1.29 (bot 1.31) lost 1.5%
China Milk sold 1.13 (bot 1.12) gained 0.9%
China Hong sold 2.79 (bot 2.72) gained 2.6%
China Energy sold 1.11 (bot 1.05) gained 5.7%
Capita Land sold 7.35 (bot 7.15) gained 2.8%
Capcom Trust sold 2.95 (bot 2.91) gained 1.4%
Berlian sold .300 (bot .300)
Live Trading Records for 14 Mar 07, Wed
SuperCoffee cut .865 / .86, bot .900, lost 4.4%
Swiber cut 1.19, bot 1.23, lost 3.3%
Sunshine cut .33, bot .355, lost 7%
Fibrechem cut 1.84, bot 1.91, lost 3.7%
DBS cut 20.80, bot 21.45 on average, lost 3.1%
CSC cut .200, bot .25, lost 20% (actual loss is 10.5% since CSC R250 is cost free)
CHT cut .58, bot .735, lost 21% (50% bot before storm, thus a historical issue)
CG Tech sold .71, bot .414 on average, gained 71%
Miyoshi cut .265, bot .275, lost 3.6%
Luzhou cut .65, bot .665, lost 2.2%
MMI test bot 1.54 / 1.54
Live Trading Records for 15 Mar 07, Thu
no trading.
Live Trading Records for 16 Mar 07, Fri
no trading.
Live Trading Records for 12 Mar 07, Mon
Berlian bot .300
Capcom Trust bot 2.91
Orchard bot 1.06
JiuTian bot 1.91
Swiber bot 1.23, added 1.22
Sino Tech bot 1.23
Broadway bot .635.
Amara bot .54, sold .605 2:45pm same day! profit 12%.
China Sky bot 1.31
Middle East Dev bot .26
Fibrechem bot 1.91
See Hup Seng bot .46
CHT added .615
Pac Andes bot .885
Asia Env bot .46
Swissco bot .61
Live Trading Records for 13 Mar 07, Tue
Tai Sin bot .48
Allgreen bot 1.62
Longcheer bot .700
Wing Tai bot 2.82
Supercoffee bot .900
UOL bot 5.10
Labroy bot 1.80
Rotary bot .925
Broadway sold .69, profit 8.6%.
Aztech bot .38
CSC R250 sold .095
Miyoshi bot .275
Ellipsiz sold .79, profit 9.7%
Luzhou bot .665
--------------------------------------------------------------------------
following records were added on 19 Mar 07 as promised:
Rotary sold .905 (bot .925), lost 2.2%
UOL sold 5.10 (bot 5.15) lost 1%
Labroysold 1.79 (bot 1.80) lost 0.6%
Allgreensold 1.63 (bot 1.62) gained 0.6%
CG Techsold .745 20% (bot .414 on average) gained 80%
Orchard Paradesold 1.09 (bot 1.06) gained 2.8%
Yanlordsold 2.04 (bot 1.92) gained 6.3%
Union Metalsold .355 (bot .355)
Sino Tech sold 1.29 (bot 1.23) gained 4.9%
SIA Engg sold 4.42 (bot 4.30) gained 2.8%
PF sold 1.35 (bot 1.41) lost 4.3%
Middle East sold .255 (partially filled) (bot .26) lost 2%
Midas sold 1.38 (bot 1.33) gained 3.7%
KS Energy sold 2.79 (bot 2.4800) gained 12.5% (double relative weight)
Kim Eng sold 1.55 (bot 1.57) lost 1.3%
KepCorp sold 17.30 (bot 17.50) lost 1.1%
Jiutian sold 1.90 (bot 1.91) lost 0.5%
Hupsteel sold .385 (bot .385)
HongFok sold 1.01 (bot .935) gained 8%
Ferro China sold 1.49 (bot 1.49)
DBS sold 21.20 (bot 21.50 on average) lost 1.4%
Comfort sold 1.91 (bot 1.85) gained 3.2%
Chip ES sold .35 (bot .35)
China Sky sold 1.29 (bot 1.31) lost 1.5%
China Milk sold 1.13 (bot 1.12) gained 0.9%
China Hong sold 2.79 (bot 2.72) gained 2.6%
China Energy sold 1.11 (bot 1.05) gained 5.7%
Capita Land sold 7.35 (bot 7.15) gained 2.8%
Capcom Trust sold 2.95 (bot 2.91) gained 1.4%
Berlian sold .300 (bot .300)
Live Trading Records for 14 Mar 07, Wed
SuperCoffee cut .865 / .86, bot .900, lost 4.4%
Swiber cut 1.19, bot 1.23, lost 3.3%
Sunshine cut .33, bot .355, lost 7%
Fibrechem cut 1.84, bot 1.91, lost 3.7%
DBS cut 20.80, bot 21.45 on average, lost 3.1%
CSC cut .200, bot .25, lost 20% (actual loss is 10.5% since CSC R250 is cost free)
CHT cut .58, bot .735, lost 21% (50% bot before storm, thus a historical issue)
CG Tech sold .71, bot .414 on average, gained 71%
Miyoshi cut .265, bot .275, lost 3.6%
Luzhou cut .65, bot .665, lost 2.2%
MMI test bot 1.54 / 1.54
Live Trading Records for 15 Mar 07, Thu
no trading.
Live Trading Records for 16 Mar 07, Fri
no trading.
Labels: Live Trading Records
10 March 2007
Live Trading Records for Week 05 Mar 07 to 09 Mar 07
Live Trading Records for 05 Mar 07, Mon
Labroy cut 1.76, intermediate support 1.78 breached.
DBS added 20.00 on intermediate term support.
KS Energy test bot 2.48, manipulator has no opportunity to sell.
Live Trading Records for 06 Mar 07, Tue
no trading.
Live Trading Records for 07 Mar 07, Wed
no trading.
Live Trading Records for 08 Mar 07, Thu
HongFok test bot .935.
SIA Engg test bot 4.30.
Ellipsiz test bot .72.
Yanlord test bot 1.92.
Kim Eng test bot 1.57.
Union Steel test bot .355.
Live Trading Records for 09 Mar 07, Fri
Chip Eng Seng test bot .35
Hupsteel test bot .385
Capital Land test bot 7.15
Midas test bot 1.33
China Milk test bot 1.12
KepCorp test bot 17.50
Sunshine test bot .355
China Energy test bot 1.05
Comfort test bot 1.85
PFood test bot 1.41
CG Tech added .700 / .705
China Hong test bot 2.72
FerroChina test bot 1.49
Live Trading Records for 05 Mar 07, Mon
Labroy cut 1.76, intermediate support 1.78 breached.
DBS added 20.00 on intermediate term support.
KS Energy test bot 2.48, manipulator has no opportunity to sell.
Live Trading Records for 06 Mar 07, Tue
no trading.
Live Trading Records for 07 Mar 07, Wed
no trading.
Live Trading Records for 08 Mar 07, Thu
HongFok test bot .935.
SIA Engg test bot 4.30.
Ellipsiz test bot .72.
Yanlord test bot 1.92.
Kim Eng test bot 1.57.
Union Steel test bot .355.
Live Trading Records for 09 Mar 07, Fri
Chip Eng Seng test bot .35
Hupsteel test bot .385
Capital Land test bot 7.15
Midas test bot 1.33
China Milk test bot 1.12
KepCorp test bot 17.50
Sunshine test bot .355
China Energy test bot 1.05
Comfort test bot 1.85
PFood test bot 1.41
CG Tech added .700 / .705
China Hong test bot 2.72
FerroChina test bot 1.49
Labels: Live Trading Records
06 March 2007
CG Tech Elliot Wave Analysis
weekly chart: waves (1) (2) (3) completed, wave (4) started from .845 and is in progress, which will correct the whole wave (3) (.24 to .845), tg of wave (4) correction is .545 / .47. but do note that the correction is not a straight line, wave A of wave (4) almost done, wave B rebound will follow soon, do not worry too much, you have opportunity to exit / cut near high of wave B that targets .725 / .755.
weekly chart: waves (1) (2) (3) completed, wave (4) started from .845 and is in progress, which will correct the whole wave (3) (.24 to .845), tg of wave (4) correction is .545 / .47. but do note that the correction is not a straight line, wave A of wave (4) almost done, wave B rebound will follow soon, do not worry too much, you have opportunity to exit / cut near high of wave B that targets .725 / .755.
Labels: Elliot Wave Analysis
STI Elliot Wave Analysis
monthly chart: 5 up waves I II III IV V in terminal stage - tail of the super bull market that started from SARS low cum US Invading Iraq War low in Mar 2003.
wave I up: 1205 (month ended on 31 Mar 03) to 1912 (month ended on 30 Jan 04)
wave II correction: 1912 (month ended on 30 Jan 04) to 1690 (month ended on 31 May 04)
wave III up: 1690 (month ended on 31 May 04) to 2399 (month ended on 31 Aug 05)
wave IV correction: 2399 (month ended on 31 Aug 05) to 2278 (month ended on 30 Jun 06)
wave V up: 2278 (month ended on 30 Jun 06) to ? (>3316)
wave V consists of 5 extended waves (1) (2) (3) (4) (5) which can be seen on the weekly chart only instead of on the monthly chart, in which waves (1) (2) (3) of wave V had completed, current intermediate correction is wave (4) of wave V. there will be wave (5) (up) of wave V after wave (4) of wave V completes in due course to complete whole wave V thus complete all waves I II III IV and V. wave (4) of wave V likely to be a symmetrical triangle consisting of sub-sub-waves abcde 5 waves, which is a complicated wave. There are many ups and downs within wave (4) of wave V - good stuffs for short term technical traders. wave (4) of wave V targets 2797 / 2675.
monthly chart: 5 up waves I II III IV V in terminal stage - tail of the super bull market that started from SARS low cum US Invading Iraq War low in Mar 2003.
wave I up: 1205 (month ended on 31 Mar 03) to 1912 (month ended on 30 Jan 04)
wave II correction: 1912 (month ended on 30 Jan 04) to 1690 (month ended on 31 May 04)
wave III up: 1690 (month ended on 31 May 04) to 2399 (month ended on 31 Aug 05)
wave IV correction: 2399 (month ended on 31 Aug 05) to 2278 (month ended on 30 Jun 06)
wave V up: 2278 (month ended on 30 Jun 06) to ? (>3316)
wave V consists of 5 extended waves (1) (2) (3) (4) (5) which can be seen on the weekly chart only instead of on the monthly chart, in which waves (1) (2) (3) of wave V had completed, current intermediate correction is wave (4) of wave V. there will be wave (5) (up) of wave V after wave (4) of wave V completes in due course to complete whole wave V thus complete all waves I II III IV and V. wave (4) of wave V likely to be a symmetrical triangle consisting of sub-sub-waves abcde 5 waves, which is a complicated wave. There are many ups and downs within wave (4) of wave V - good stuffs for short term technical traders. wave (4) of wave V targets 2797 / 2675.
Labels: Elliot Wave Analysis
03 March 2007
CG Tech
dans wrote:
Pls take a look at CG Tech's strong fundamentals. I filtered through SGX website, and was hard to find another company has the
Current Ratio>7, Quick Ratio>6.4, ROE>33%, PE<7,
--Security Analysis of CG Tech at Year 2006--
Revenue (RMB'1000).................707016
Profit Before Tax (RMB'1000)..... 160420
Tax (RMB'1000)........................25603
Gross Profit Margin........................22.69%
Return On Equity (ROE).............33.36% (very good)
Inventory (RMB'1000)..................31409
Current Asset (RMB'1000)..........387618
Current Liability (RMB'1000).........55547
Total Asset (RMB'1000)..............616792
Total Liability (RMB'1000)...........212605
Total Equity (RMB'1000).............404187
Current Ratio.............................7.0 (very good)
Quick Ratio................................6.4 (very good)
Equity Multiplier.........................1.53
Cash Asset Ratio.......................0.7 (very good)
Earing Per Share (RMB cents).....51.85
PE Ratio....................................6.9
Begining Cash 2006 (RMB'1000)..135256
End cash of 2006 (RMB'1000)......272480 (positive cash flow)
Net Asset Value (RMB cents)...... 155.46
--Projection of CG Tech at Year 2007--
High Shrinkage PET chips (high profit margin) increase from 4800(ton) to 7000(ton)
Dye-absorbing PET chips (high profit margin) increase from 1000(ton) to 13800(ton)
Bright & Semi-dull PET chips (low profit margin) decreases from 15000(ton) to 0(ton)
Bright & Semi-dull PET chips decreases from 15000(ton) to 0(ton)
Yarn products maintains from 9750(ton) to 9750(ton)
Alkali-soluble PET chips maintains from 11605(ton) to 11605(ton)
Combined yarn maintains from 6000(ton) to 6000(ton)
PSF increases from 0(ton) to 10000(ton)
Compact Combed Yarn increases from 0(ton) to 7000(ton)
Overal profit increase by: 40%
Earning Per Share: 72.59 (RMB cents)
Apply a PE=8
Fair Market Value:116 (SGD cents)
Toptrader says,
well done!
note that PSF increases from 0(ton) to 10000(ton) is in Q4FY07 and Compact Combed Yarn increases from 0(ton) to 7000(ton) starts from 1Q08.
see below from my blog,
http://www.toptrader.blogspot.com/
Quote:
below is my revised estimates after a careful review,
New product PSF
revenue = Yuan 18000/ton X capacity 10000 tons = yuan 180m =S$36m
GPM 30%, GP=36mX30%=S$10.8m
to start production 4Q2007 (delayed 1 quater, see above)
New product compact combed yarn
revenue = yuan 31000/ton X capacity 7000 tons=yuan 217m=S$43.4m
GPM 32%, GP=S$43.4X32%=S$13.888m
to start production 1Q2008 (delayed 1 quarter, see above)
Total GP for new products to be added=10.8+13.888=S$24.688m
total shares outstanding = 260m
eps for 2008 for newly added products portion only = (24.688X70%)/260 = S$0.066 for FY08,
eps FY06 = 0.104 tg 0.52-1.04 if pe=5-10
eps FY07 = 0.104X1.333 = 0.139 tg 0.695-1.39 if pe=5-10 (note CG trading near lower band of the tg scope)
eps FY08 = 0.139X1.333+0.066 = 0.250 tg 1.25-2.50 if pe=5-10
Therefore, I upgrade CG Tech to strong strong buy.
CG Tech target price for 2007 is 1.39, implying an upside of 78% from current price of .78.
CG Tech target price for 2008 is 2.50.
dans wrote:
Pls take a look at CG Tech's strong fundamentals. I filtered through SGX website, and was hard to find another company has the
Current Ratio>7, Quick Ratio>6.4, ROE>33%, PE<7,
--Security Analysis of CG Tech at Year 2006--
Revenue (RMB'1000).................707016
Profit Before Tax (RMB'1000)..... 160420
Tax (RMB'1000)........................25603
Gross Profit Margin........................22.69%
Return On Equity (ROE).............33.36% (very good)
Inventory (RMB'1000)..................31409
Current Asset (RMB'1000)..........387618
Current Liability (RMB'1000).........55547
Total Asset (RMB'1000)..............616792
Total Liability (RMB'1000)...........212605
Total Equity (RMB'1000).............404187
Current Ratio.............................7.0 (very good)
Quick Ratio................................6.4 (very good)
Equity Multiplier.........................1.53
Cash Asset Ratio.......................0.7 (very good)
Earing Per Share (RMB cents).....51.85
PE Ratio....................................6.9
Begining Cash 2006 (RMB'1000)..135256
End cash of 2006 (RMB'1000)......272480 (positive cash flow)
Net Asset Value (RMB cents)...... 155.46
--Projection of CG Tech at Year 2007--
High Shrinkage PET chips (high profit margin) increase from 4800(ton) to 7000(ton)
Dye-absorbing PET chips (high profit margin) increase from 1000(ton) to 13800(ton)
Bright & Semi-dull PET chips (low profit margin) decreases from 15000(ton) to 0(ton)
Bright & Semi-dull PET chips decreases from 15000(ton) to 0(ton)
Yarn products maintains from 9750(ton) to 9750(ton)
Alkali-soluble PET chips maintains from 11605(ton) to 11605(ton)
Combined yarn maintains from 6000(ton) to 6000(ton)
PSF increases from 0(ton) to 10000(ton)
Compact Combed Yarn increases from 0(ton) to 7000(ton)
Overal profit increase by: 40%
Earning Per Share: 72.59 (RMB cents)
Apply a PE=8
Fair Market Value:116 (SGD cents)
Toptrader says,
well done!
note that PSF increases from 0(ton) to 10000(ton) is in Q4FY07 and Compact Combed Yarn increases from 0(ton) to 7000(ton) starts from 1Q08.
see below from my blog,
http://www.toptrader.blogspot.com/
Quote:
below is my revised estimates after a careful review,
New product PSF
revenue = Yuan 18000/ton X capacity 10000 tons = yuan 180m =S$36m
GPM 30%, GP=36mX30%=S$10.8m
to start production 4Q2007 (delayed 1 quater, see above)
New product compact combed yarn
revenue = yuan 31000/ton X capacity 7000 tons=yuan 217m=S$43.4m
GPM 32%, GP=S$43.4X32%=S$13.888m
to start production 1Q2008 (delayed 1 quarter, see above)
Total GP for new products to be added=10.8+13.888=S$24.688m
total shares outstanding = 260m
eps for 2008 for newly added products portion only = (24.688X70%)/260 = S$0.066 for FY08,
eps FY06 = 0.104 tg 0.52-1.04 if pe=5-10
eps FY07 = 0.104X1.333 = 0.139 tg 0.695-1.39 if pe=5-10 (note CG trading near lower band of the tg scope)
eps FY08 = 0.139X1.333+0.066 = 0.250 tg 1.25-2.50 if pe=5-10
Therefore, I upgrade CG Tech to strong strong buy.
CG Tech target price for 2007 is 1.39, implying an upside of 78% from current price of .78.
CG Tech target price for 2008 is 2.50.
Labels: Individual Stocks
The best, most profitable and safest strategy / trading system in a bull market
spot a counter with firm intermediate to long term uptrends (SMA50, 100, 200 all up and MA50>MA100>MA200),
when the market begins to correct itself due to being overbought, wait for correction to run its full course like in current market (TA language: 14 day RSIs of major indices and index stocks drop to around 30),
patiently wait for the bottom consolidation pattern (usually small- to intermediate-sized double bottoms) to develop and complete,
wait for price breakout of neckline of the double bottoms,
never attempt to guess / speculate a market bottom - This is dangerous! since no one knows where the bottom is, we'd rather let Mr Market tell us in due course. Fortunately, Mr Market always does that.
buy at the very moment of either the breakout using buy stop limit order or buy stop order or at short term support during pullback after breakout if missing boat at breakout - this needs good and reliable alert system and trading discipline. iocbc's alerting system is not reliable and I missed a lot of ideal opportunities. I'll subscribe a good alerting system for reaping handsome profit in future.
Risk management
Initial Stop = price below lowest point of double bottoms
R = Risk = Initial stop - entry price
Normally R should be around 10% of the price.
Use Trailing Stop when price after entry is > or = entry price + R
Trailing Stop = Highest price after entry - R
Buy Stop and Trailing Stop has to be manually calculated and mentally applied daily if the trading platform of the broker does not allow this type of orders.
How many shares to buy?
Use Position Sizing technique to determine position size to take.
Assume total trading capital is TC, usually we are only willing to risk 0.5% of our total trading capital per trade (in this way we can play 200 trades and lose all before becoming bankrupt, 0.5% can be revised to 0.75% or 1.00% up to personal risk appetite), that means the maximum amount of risk we are willing to take is TC x 0.5%. Assume one's total trading capital is $300,000, then the maximum risk he / she is willing to take per trade is $1500 (=$300,000x0.5%).
Number of shares to buy = (TC x 0.5%) / R
Assume R = $0.05, then he / she can buy 30,000 shares (=($300,000x0.5%) / $0.05 per share).
Below is an article addressing Position Sizing,
http://tradermike.net/2005/07/position_sizing
Below is an article addressing R-Multiples,
http://tradermike.net/2006/09/r_r-multiples_defined
spot a counter with firm intermediate to long term uptrends (SMA50, 100, 200 all up and MA50>MA100>MA200),
when the market begins to correct itself due to being overbought, wait for correction to run its full course like in current market (TA language: 14 day RSIs of major indices and index stocks drop to around 30),
patiently wait for the bottom consolidation pattern (usually small- to intermediate-sized double bottoms) to develop and complete,
wait for price breakout of neckline of the double bottoms,
never attempt to guess / speculate a market bottom - This is dangerous! since no one knows where the bottom is, we'd rather let Mr Market tell us in due course. Fortunately, Mr Market always does that.
buy at the very moment of either the breakout using buy stop limit order or buy stop order or at short term support during pullback after breakout if missing boat at breakout - this needs good and reliable alert system and trading discipline. iocbc's alerting system is not reliable and I missed a lot of ideal opportunities. I'll subscribe a good alerting system for reaping handsome profit in future.
Risk management
Initial Stop = price below lowest point of double bottoms
R = Risk = Initial stop - entry price
Normally R should be around 10% of the price.
Use Trailing Stop when price after entry is > or = entry price + R
Trailing Stop = Highest price after entry - R
Buy Stop and Trailing Stop has to be manually calculated and mentally applied daily if the trading platform of the broker does not allow this type of orders.
How many shares to buy?
Use Position Sizing technique to determine position size to take.
Assume total trading capital is TC, usually we are only willing to risk 0.5% of our total trading capital per trade (in this way we can play 200 trades and lose all before becoming bankrupt, 0.5% can be revised to 0.75% or 1.00% up to personal risk appetite), that means the maximum amount of risk we are willing to take is TC x 0.5%. Assume one's total trading capital is $300,000, then the maximum risk he / she is willing to take per trade is $1500 (=$300,000x0.5%).
Number of shares to buy = (TC x 0.5%) / R
Assume R = $0.05, then he / she can buy 30,000 shares (=($300,000x0.5%) / $0.05 per share).
Below is an article addressing Position Sizing,
Below is an article addressing R-Multiples,
Labels: Stock Trading System
Live Trading Records for Week 26 Feb 07 to 02 Mar 07
Live Trading Records for 26 Feb 07, Mon
Berlian Laju bot .32 near short term support, breakaway gap confirmed by huge volume
Ace Dynamics bot .34 on short term support
SMART sold 1.55 (bot 1.314 on average), profit 18%, bearish single day reversal (not confirmed by volume, a real single day reversal needs a huge volume to confirm), macd sell signal, trix sell signal, short term correction likely ongoing. note short intermediate long term uptrends still intact.
MMI added 1.52, mini double bottom correcting formation 1.44-1.52 broke out, daily chart potential rising three methods, to be confirmed, correction seems likely over. min technical tg 1.60 / 1.74.
Live Trading Records for 27 Feb 07, Tue
KS Energy added 2.94 on short term support.
Comfort bot 1.96 on short term support.
SembKim bot .700 on short term support.
DBS bot 22.80 near short term support.
Berlian Laju added .31 on short term support, minimum upside potential .400. market is filling the breakaway gap .300 to .315.
HK Land bot 4.58 on short term support.
Labroy Marine added 1.99 on short term support. next short term support 1.98 / 1.97. min technical tg 2.18. today's gap seems like a breakaway gap, gap should not be filled fully, and huge volume needed to confirm this.
Hotel Grand CNTR bot .89 on short term support.
China Essence sold 1/3 at .89, took profit, profit 29%, (bot .688 on average). expect a short term technical correction is required and necessary to remove short term overbought state. short intermediate and long term uptrends are still up and strong, any pull back to short term support (currently at .795) should be taken as an excellent buy / add opportunity.
CHT bot .865 on short term support.
Courage Marine added .215 on short term support.
OCBC bot 8.70 on short term support.
Oakwell Engg bot .145 on short term support.
CSE bot on short term support.
China Sky added 1.35 on short term support.
CK Tang bot .765 on short term support.
Fibrechem bot 2.03 on short term support.
Sino Tech bot 1.48 on short term support.
Labroy Marine added 1.93 at short term support (short term market avearge cost).
Live Trading Records for 28 Feb 07, Wed
a massive selloff day due to sharp correction in US market and Chinese market! this record is post uploaded on 03 Mar 07, Sat.
Ace Dyn sold .32 (bot .34)
Alantac sold .185 (bot .235)
Berlian sold .295, partially filled (bot .315 on avearge)
BH Global sold .400 (bot .400)
CK Tang sold .72 (bot .765)
Capland sold 7.20 (bot 7.00)
CG Tech sold .725 (bot .355 on average)
China Life sold .335 (bot .435)
China Essence sold 39% at .890 (bot .686 on average)
Comfort sold 1.88 (bot 1.96)
Delong sold .18 (bot .175)
FibreChem sold 1.99 (bot 2.03)
HMI sold .125 (bot .14)
HK Land sold 4.48 (bot 4.5800)
Hotel GC sold .83 (bot .89)
KepCorp sold 18.20 (bot 17.70)
KS Energy sold 2.87 (bot 2.66 on average)
Longcheer sold .72 (bot 1.23)
Magnus sold .19 (bot .20)
MMI sold 1.43 (bot 1.51)
Oakwell sold.135 (bot .145)
OCBC sold 8.40 (bot 8.70)
Pine sold .645 (bot .625 on average)
Raffles Edu sold 2.16 (bot 2.20)
Raffles MG sold 1.19 (bot 1.17)
SembKim sold .665 (bot .700)
Sino Tech sold 1.45 (bot 1.48 played the 3rd time)
SMB sold .245 (bot .265)
TCIL sold 1.89 (bot 1.91)
Labroy sold half 1.89 (bot 1.94 on average)
Courage Marine sold .205 (bot .2075 on average)
Live Trading Records for 01 Mar 07, Thu
continued offloading.
Asia Env sold .472 on average (bot .360)
Berlian sold .285 (bot .31 on average)
China Essence sold remaining 61% at .81 (bot .686 on average)
China Sky sold 1.26 (bot 1.34 on average)
CSE sold 1.48 (bot 1.45)
Live Trading Records for 02 Mar 07, Fri
no sell orders filled.
5 counters left in total so far - CG, CHT, CSC, DBS, Labroy since nobody took them at my prices.
Live Trading Records for 26 Feb 07, Mon
Berlian Laju bot .32 near short term support, breakaway gap confirmed by huge volume
Ace Dynamics bot .34 on short term support
SMART sold 1.55 (bot 1.314 on average), profit 18%, bearish single day reversal (not confirmed by volume, a real single day reversal needs a huge volume to confirm), macd sell signal, trix sell signal, short term correction likely ongoing. note short intermediate long term uptrends still intact.
MMI added 1.52, mini double bottom correcting formation 1.44-1.52 broke out, daily chart potential rising three methods, to be confirmed, correction seems likely over. min technical tg 1.60 / 1.74.
Live Trading Records for 27 Feb 07, Tue
KS Energy added 2.94 on short term support.
Comfort bot 1.96 on short term support.
SembKim bot .700 on short term support.
DBS bot 22.80 near short term support.
Berlian Laju added .31 on short term support, minimum upside potential .400. market is filling the breakaway gap .300 to .315.
HK Land bot 4.58 on short term support.
Labroy Marine added 1.99 on short term support. next short term support 1.98 / 1.97. min technical tg 2.18. today's gap seems like a breakaway gap, gap should not be filled fully, and huge volume needed to confirm this.
Hotel Grand CNTR bot .89 on short term support.
China Essence sold 1/3 at .89, took profit, profit 29%, (bot .688 on average). expect a short term technical correction is required and necessary to remove short term overbought state. short intermediate and long term uptrends are still up and strong, any pull back to short term support (currently at .795) should be taken as an excellent buy / add opportunity.
CHT bot .865 on short term support.
Courage Marine added .215 on short term support.
OCBC bot 8.70 on short term support.
Oakwell Engg bot .145 on short term support.
CSE bot on short term support.
China Sky added 1.35 on short term support.
CK Tang bot .765 on short term support.
Fibrechem bot 2.03 on short term support.
Sino Tech bot 1.48 on short term support.
Labroy Marine added 1.93 at short term support (short term market avearge cost).
Live Trading Records for 28 Feb 07, Wed
a massive selloff day due to sharp correction in US market and Chinese market! this record is post uploaded on 03 Mar 07, Sat.
Ace Dyn sold .32 (bot .34)
Alantac sold .185 (bot .235)
Berlian sold .295, partially filled (bot .315 on avearge)
BH Global sold .400 (bot .400)
CK Tang sold .72 (bot .765)
Capland sold 7.20 (bot 7.00)
CG Tech sold .725 (bot .355 on average)
China Life sold .335 (bot .435)
China Essence sold 39% at .890 (bot .686 on average)
Comfort sold 1.88 (bot 1.96)
Delong sold .18 (bot .175)
FibreChem sold 1.99 (bot 2.03)
HMI sold .125 (bot .14)
HK Land sold 4.48 (bot 4.5800)
Hotel GC sold .83 (bot .89)
KepCorp sold 18.20 (bot 17.70)
KS Energy sold 2.87 (bot 2.66 on average)
Longcheer sold .72 (bot 1.23)
Magnus sold .19 (bot .20)
MMI sold 1.43 (bot 1.51)
Oakwell sold.135 (bot .145)
OCBC sold 8.40 (bot 8.70)
Pine sold .645 (bot .625 on average)
Raffles Edu sold 2.16 (bot 2.20)
Raffles MG sold 1.19 (bot 1.17)
SembKim sold .665 (bot .700)
Sino Tech sold 1.45 (bot 1.48 played the 3rd time)
SMB sold .245 (bot .265)
TCIL sold 1.89 (bot 1.91)
Labroy sold half 1.89 (bot 1.94 on average)
Courage Marine sold .205 (bot .2075 on average)
Live Trading Records for 01 Mar 07, Thu
continued offloading.
Asia Env sold .472 on average (bot .360)
Berlian sold .285 (bot .31 on average)
China Essence sold remaining 61% at .81 (bot .686 on average)
China Sky sold 1.26 (bot 1.34 on average)
CSE sold 1.48 (bot 1.45)
Live Trading Records for 02 Mar 07, Fri
no sell orders filled.
5 counters left in total so far - CG, CHT, CSC, DBS, Labroy since nobody took them at my prices.
Labels: Live Trading Records
