One possibility is that Evergreen is looking at a private placement or right issue to fund their capital expenditure and the organising broker who know about it selling down their holdings so that they can pick them up cheap.
abcb, the upgrading of its production machinery is due to complete by this year end and its increased production capacity will commence at first quarter next year. While ramping up its production capacity and the diversity of products offerings, the new machinery is more cost effective. I think the company is heading to the right direction and doing the right thing. Besides, I believe the borrowings will be pared down over the time.
Doris Lee, please bear in mind there's no amount of accuracy provided to justify TP prices of stocks . Different research house set different TP for the same particular stock but with different valuations and some may set higher with conflict of interest towards the stock . Never too dependent and trusted TP prices set by research house or someday you may land yourself into bankruptcy . Invest wisely and this is my personal opinions . Thnks !
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sephy
692 posts
Posted by Sephy > 2016-06-02 17:09 | Report Abuse
syndicate was waiting to sell. they were stuck at 1.05. so they take this opportunity to clear funds.