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errr, actually they dont make a loss. they are earning, but just a decrease in profit.
upnowhere ( Date: 12-Nov-2010 21:26) Posted:
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every years shown loss in business still got $$$$ to propose acquisition. WELL DONE
proposed acquisition of DAQING SUNSHINE RELI THERMAL. one huge step for sinocon as this will provide them will steady income during the harsh winter conditions in Dazheng. how will this affect the stock price on Monday? interesting :D
hmmm, nothing too exciting about the 3q report. decrease in profit is not really too big of a problem for the company as like jackpot2010 said it is normal for construction companies. lets just hope that they get more contracts in the future. they have yet to receive a major project ever since they receive the Certificate last year.
They r referring to China not S'pore. No contract here.
petrarchan ( Date: 07-Nov-2010 00:19) Posted:
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Based on a preliminary review of the unaudited financial results of the Company and
its subsidiaries (the “Company” or the “Group”) for the third quarter (“3Q2010”) and
nine months ended 30 September 2010 (“9M2010”), the Board of Directors would like
to advise shareholders that while the Group remains profitable in 9M2010 and for the
year ending 31 December 2010, the Group expects a decline in construction revenue
and profitability in 9M2010 as compared to the corresponding period last year. This
is mainly due to the increased competition and pricing pressure in response to the
change in the tender award criteria to the lowest bidder of government contracts,
resulting in the Group securing less contracts and also with projects with lesser
contract value than the previous period.
its subsidiaries (the “Company” or the “Group”) for the third quarter (“3Q2010”) and
nine months ended 30 September 2010 (“9M2010”), the Board of Directors would like
to advise shareholders that while the Group remains profitable in 9M2010 and for the
year ending 31 December 2010, the Group expects a decline in construction revenue
and profitability in 9M2010 as compared to the corresponding period last year. This
is mainly due to the increased competition and pricing pressure in response to the
change in the tender award criteria to the lowest bidder of government contracts,
resulting in the Group securing less contracts and also with projects with lesser
contract value than the previous period.
and they better hope no one goes to tell the public sector abt their claim that they go for lowest quote... cos its not true... they may be forced to edit their announcement if someone informs the public sectors of their claim..
Construction firm's earning (unlike trading co.) is never a straight line 1, can be loss in 1 yr then big profit later -depend on project completion, award etc. This 1 keep giving profit warning, so is not too shocking. Unless u put all ur money in 1 s-chip don't sell on panic. HOLD! Around 10c is low enough to HOLD!
bro.. this was what i thought just like u when it at 15cts.. but i gave up.. then it was 1 years ago.. lucky i sold..
Jackpot2010 ( Date: 06-Nov-2010 20:06) Posted:
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Sit on it. My cost = 11.5c, I believe support = 10c. So hold & wait......
bro u still holding ur 100 lots? what u planning to do?
Jackpot2010 ( Date: 06-Nov-2010 19:48) Posted:
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Fell from ipo 39c (2008), how much lower can it go @11c now. That's why most redchips lost favour with investors.
this counter really cant make it.. i got burned once and lost 7cts per shares..
kt1989 ( Date: 06-Nov-2010 15:40) Posted:
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profit guidance again!!!!!
SINO Const.- inactive but hit Top 20 volumn (14m) today. October 14, 2009 was 52-week high vol (Vol 19m), price up by 5c on that day alone.
still learning the stock market :p
des_khor ( Date: 08-Oct-2010 11:49) Posted:
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Still virgin ??
holding very tightly to this. being very patient.
hope it will go up one day
hope it will go up one day
Just 2 yrs ago IPO 39c (June 2008) , High 43c. Drop to 11c now - despite China construction booming, this 1 looks like salted fish. Anyone vested? Just vested 100 lots @11.5c yesterday.
good opportunity to top-up more of this stock.. 10c only now