Hongwei - Tembusu on board!

Mel
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13 years 3 months ago - 13 years 3 months ago #4982 by Mel

Replied by Mel on topic Re:Hongwei - next textile play?

FORELAND FABRITECH is the next one after CHINA FABRITECH. Foreland has just announced: For the fourth quarter of FY2010 (“4Q 2010”), the Group is expected to report a higher revenue, compared to the corresponding period in the financial year ended 31 December 2009 (“4Q 2009”), due to the strong demand for its high grade and functional fabrics. The strong demand was a result of the recovery in the market of high grade textile products and the continuous expansion in our business for high grade umbrella fabrics.

Will HONGWEI TECHNOLOGIES be the next one? If this biz cannot rebound when others have done so, then this is a serious matter of lousy management. However, the signals are strong that Hongwei is doing well too . Otherwise, why has the chairman and his spouse been buying the cokmpany's shares????

U get it?

Last edit: 13 years 3 months ago by Mel.

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springpig
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13 years 3 months ago #4984 by springpig

Replied by springpig on topic Re:Re:Re:Hongwei - next textile play?

wow.. you are accumulating textile stocks..
for me, I only buy Taisan coz I believe it's the next big thing. Chart-wise, it looks like mini ascending triangle with 20.5 to be broken before it flies. Fundamentally quite good also, so I feel safe holding onto it.

[hr]
[erelation 18-01-2011]:
haahaa.... i have been buying too.... awaiting for its turn to shoot up...

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erelation
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13 years 3 months ago #4985 by erelation

Replied by erelation on topic Re:Re:Re:Re:Hongwei - next textile play?

Glad to know that you are accumulating Taisan too.... I am also vested in Taisan. I am accumulating other garment counter which haven't move yet. Taisan seem to be the most potential one.. with all positive news in the market but not reflected in the price yet.

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keithkeh
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13 years 3 months ago #4986 by keithkeh

Replied by keithkeh on topic Re:Re:Re:Re:Hongwei - next textile play?

Good entry price 26.5 cents with estimated 33 cents rmb per share fy 10 . Less than pe 5 times . Good earning prospect with all time high cotton price , Spilling surging price effect to synthetics . Time to accumulate for fy result plus 1st quarter 2011

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Mel
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13 years 3 months ago - 13 years 3 months ago #5122 by Mel

Replied by Mel on topic Re:Hongwei - next textile play?

[url=http://www.nextinsight.net
/story-archive-mainmenu-60/903-2010-/3162-insider-buying-]INSIDER BUYING: STAMFORD TYRES, HONGWEI, TECHNICS OIL & GAS[/url]

Was reading that article about the Hongwei boss buying shares. Strange, nothing happened after that. She bought to sit on the shares or what? Or will there be a good dividend? Or delisting?

Last edit: 13 years 3 months ago by Mel.

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keithkeh
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13 years 2 months ago #5187 by keithkeh

Replied by keithkeh on topic Re:Hongwei - Tembusu on board!

this stock has high potential for price appreciation , as highlighted previously, however, it is illiquid due to low floating of shares owned by public, lack of coverage by analyst . might be the next timewatch/ manwah to be delisted.
major shareholders hold more than 60% of shares
stay vested . let's hope for bumpy dividend or some surprising news like mandatory offer
checked on Tembusu website. they intend to offload the shares in 1st quarter 2011....
who do they intend to offload ? definitely not via open market trading .
if not, off market transactions ? to who ?
Probably, we can get more insights if management can shed some lights during FY result announcement

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