
China XLX current Price at Hong Kong HK$ 3.38 ===> S$ 0.605
FUND is SELL
XLX FERT 01866.HK
(
Delayed Quote1 2009-12-16 10:30
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http://www.aastocks.com/EN/stock/BasicQuote.aspx?&symbol=01866
BecareFull The
http://www.remisiers.org/research//11dec09-daily.pdf
Daily Review
11 December 2009
LIM & TAN
20 CECIL STREET
#09-00 EQUITY PLAZA
SINGAPORE 049705
TEL: 65330595 FAX: 65332368
www.eq.com.sg
RCB Reg No. 197301030W
SECURITIES PTE LTDCHINA XLX
Lim & Tan SECURITIES PTE LTD
Call SELL
Watch For Unwinding Of Speculative Positions S$0.68 - CXLX.SI
•
opened at HK$4.95 fell to an intra-day low of
HK$3.86 before recovering to close at HK$4.04
on volume of 4.645mln shares compared to
4.073mln shares and 3.77mln shares the last 2 days
of trade.
In Hong Kong, China XLX’s share price which•
hit an intra-day low of 66 cents before recovering
to close at 68 cents on 48mln shares compared to
83mln and 182mln shares traded the last 2 days.
On SGX, the stock had opened at 74 cents and•
equivalent price would be about 72 cents which is
only a premium of 6% to Singapore’s last close of
68 cents, narrowing significantly from the first day
peak of 100% and yesterday’s opening price of 16%.
At Hong Kong’s last close to HK$4.04, the•
correction in Hong Kong’s share price to HK$4.04
currently compared to the first day intra-day high
of HK$10 its PE of 23x remains expensive relative
to its much bigger peer
We continue to caution that even with the sharpChina Bluechemical’s16-17x PE (China Bluechemical’s market cap of
HK$21.9bln is 442% bigger than China XLX’s
market cap of HK$4.04bln).
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Kong and Singapore over the last 3 days, the huge
volumes generated in Singapore may not be able
to find a home in Hong Kong. Besides, investors
hoping to capitalize on the price diff may not be
able to do so any more given the only 6% price diff
currently (it takes 3 weeks to transfer shares from
Singapore to Hong Kong).
Given the huge volume discrepancy between Hong•
speculative positions over the next few days could
put further pressure on the stock (average trading
volume in the last 4 weeks was only 4mln shares
while the day before the Hong Kong listing was
3.2mln shares and the share price was at 51 cents.
This compares to 182mln traded on Tuesday, 83mln
on Wed and 48mln on Thursday). We maintain
SELL.
Exhibit 1: Daily Closing Since IPO
This suggests that potential unwinding ofericwong_68 ( Date: 14-Dec-2009 17:06) Posted:
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China Energy was recommended to me 3 mths ago and now suffer same fate as this counter ...it has gone from $0.340 (plus / minus) 3 months ago and drop till today's price........
whitemagic ( Date: 10-Dec-2009 11:08) Posted:
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Looks like this counter in going UP again... very Strong buying towards 0.70.. looks like interest is back and should be back to 0.76-0.78 easily tomorrow,.. For those WHO "Shorted"...DOOMS DAY liao..haaa... Cheers
lemontee ( Date: 10-Dec-2009 18:15) Posted:
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lemontee ( Date: 10-Dec-2009 18:15) Posted:
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just curious that what is the benefit of dual listing?? fund generating?
THE LESSON IS DON;T CHASE AFTER THE RUNAWAY STOCK ........
THE LAST ONE HOLDS THE BABY ...................
AGE OLD LESSON .....................
LOL today lose another 6.85%. HKSE is adjusting to SGX price, those who buy hope SGX will adjust to HKSE.
Anyview on will it be heading south or north?????? Now currently is tracking it to have a feel of Dual Listing Effect.
taychunkiang ( Date: 10-Dec-2009 11:07) Posted:
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risktaker ( Date: 10-Dec-2009 14:30) Posted:
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tanstg ( Date: 10-Dec-2009 13:46) Posted:
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icic...i guess not cos i do not have much to burn, in fact i cant afford to burn anymore...
*sad-ed...
tanstg ( Date: 10-Dec-2009 13:46) Posted:
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Number of lots transacted on Tuesday at 85~90.5cts is 20724 lots. If we average it to 87cts, base on today share price of 67cts - the amount of lost to cover back is S$4.15mil - logically ppl will start to sell off other counters and find cash to top up the difference or contra (maybe by tomorrow). If this logic is true, the market will be soft for the next few days.
Will it drop further? Put it in this way, if you calculate the total number of share speculated on Tuesday minus Wednesday & today, you will roughly know how many will have to be released by tomorrow (contra 3 days payment term) if they do not have the power to hold on.....
I suggest you to trade with fed'l then on such speculation - unless you have much too burn..... trade with your own risk.
證監跟進,心連心<01866.HK>再急挫16%
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2009-12-10 12:29 |
心連心化肥<01866.HK>繼本周二以介紹形式掛牌大幅波動(高低曾見$10/$5.02)後,股價屢創上市新低,今天低見$3.86,現造$3.99,急挫16%,成交已達339萬股。 該公司董事長劉興旭於上市日曾透露,正研究「粉煤造藝」項目能否獲批興建,若落實可能有融資需要,故稍後不排除發行新股集資。 另外,港交所<00388.HK>主席夏佳理表示,亞洲果業<00073.HK>及心連心股價波動,已提交資料予證監跟進。(sz/a) |
feel like shorting this counter...
will it drop furthermore?
any advise?