What do you all think has caused Qingmei to fall more than 33% over the last week? Volume has been very low though and of course no selling done by any major shareholders. CFD shortists in play? If so, they'll be badly burned once the market realizes there's nothing wrong with the company.
Wow how do you get 13% yeild? My calculation was approximately 10-11% at 20,5cents.
Nevertheless I bought some today at 20.5 cents
I use observer 2 estimate of 43 rmb cents for full year, use 1:5 coversion rate, so 8.6 cents earning, 30% to be given as dividend, so 2.58 cents as dividends, I bought at 20 cents, so 2.58 divided 20 =12.9 % Yes, wonder why the sell down at low volume? Maybe cut loss mechanism kicked in??
Dele,
What make you think this one is "D"???
Do you know something, hear of some rumour ?? Pls let us know.
so we can profit from it.
I thk otherwise, this one is good FA
thanks
I was rather pleased with the results despite the slightly lower eps, 33 cents instead of 34 cents. Why, jan- march is traditional a weaker quarter due to cny, and the is especially true for those in the textile industry. And not to mention the effect of China sports at the back of my mind, Yet sales of soles increased meaning the additional capacity is utlilised. The profits was weaker due to higher costs related to wages and the lower ASP, but the economy of scales should migates these pressures.. Next, borrowing is reduced, Cash increases, And there is faster payment to suppliers, all these point to financial strength... înot sure if observer2 share my sentiments, hope to hear from him soon
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