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26-10-2010, 11:30 PM
(21-10-2010, 10:46 PM)Jacques Wrote: With the KDR listing, I foresee the price to go higher, my target being 20% up from current price over a 6 months horizon.
Based on quantitative factors alone, it is worth taking a closer look as there not many counters commanding such a low PE with four quarters of relatively consistent earnings.
Am currently vested. Will consider accumulating further on price pullback.
Caveat emptor.
An update for China Gaoxian. For the KDR listing, there will be 600 mil new shares issued, which I think is very destructive to shareholder value due to the huge dilution. As such, the issue doesn't look so attractive to me anymore.
Nonetheless, the stock could be played up during/or after the EGM and/or prior to the signing of the subscription agreement, which sets the issue price at not more than 10% discount to the prior traded average.
As my average holdings is below 20cts, I will be considering to take some profits when the opportunity arises.
Please trade with care.