Anyone has a take on Sitra? I am getting a funny feeling that the stock is being pushed up, and is under accumulation. Now 15 cents, up 1 cent, with the price being a 100 lot-buy at the sell price. Sitra is run by George Chew (& his son), the elder brother of Chew Hua Seng of Raffles Education fame & Patrick Chew of Midas fame.
Of the three -- Midas, Raffles Education and Sitra, owned by the Chew family, Sitra is the smallest and the least potential. No offence but in furniture, you need size!! See what happen to Cacola, Novena, Lorenzo... They are good but they don\'t have size so their advantages are quickly wiped out. If you are into furniture, I suggest you take a look at HTL... This is once a market darling that is coming back. :laugh: :laugh:
33% gain in 30 days! Sitra was 15 cents, now 20 cents. Still clueless as to why got buying. :laugh: Maybe it being a very small cap, easy to push up. Maybe also, there\'s good results/news coming. Anyway, it\'s 20 cents. Would look forward to its FY results in order to get a better grip on how this furniture business (which has announced a few corp developments in the last few months) is doing. Anyone knows any better?
is this real? Net cash is RMB165m = S$33 million. market cap now S$17 million. 2Q results: eh, turnaround ? Rev up 122% year on year. Net profit at RMB3.7 m, compared to a horrendous loss in 2Q last year .
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