Dear Zen,
Investment entails taking calculated risks. It does not mean that the price of a high-risk stock cannot go up.
Good for you that you are able to make great profits from Synear, which is considered to have much higher risks than some of the other S-chips. It is important for readers of this forum to be given the correct picture of a stock being discussed, decide for themselves its merits before buying, and not be led into following any buy call blindly.
Please do not be too proud of your success in this instance for “pride comes before a fall, and humility before wisdom”.
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[ZEN 21-07-2011]:
Dear Forummers,
I have accumulated a portion of Synear and intends to buy more in the coming weeks / months.
Their latest set of results contradicts the market survey that I have done in Hong Kong / China. While the financials are showing declining sales and profit margins, you will be surprised to find Synear products selling well in Hong Kong supermarkets like Wellcome and Park N Shop.
In Guangdong, the feedback has also been positive.
Will keep monitoring this stock.
Synear products are indeed selling well.... In 1H revenue was RMB1.0 billion (just 4% growth).
The net profit was horrendous, tho. Declined 40.6% to RMB54.2 million.
Zen, did u buy back again when it retraced to 14 cents? Now 15 cents, and seems to be showing strength even in a lousy overall market. Something's brewing?
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