CSL is PN17 counter, so we cannot compare that to CAP. CAP is fundamentally strong and it on the uptrend after breaking 30 sen. At 33 sen it is really a bargain as we stay invested for long term target 70 sen. Dividends are expected to be declared on May 2015. The profit will increase with the rubber recycling deal. Prospect is very good in near term. I expect bargain hunting at below 33 sen level and technical a rebound on Monday and later of the week to break resistant 37 sen. DJIA and other region are up and next week will be a bullish week for CAP and target to break 40 sen if the buying wave is back next week.
lol richkid act so smart...c c ur ass la ..fall below 33 d.. shit stock !!! hope to rebound to my purchasing price 0.35 n sell all !!! everyday drop ... buyer cant beat de seller .. shit stocks overall
China company is fundamentally strong. Just that nobody believe in its worth. I got a feeling it will rebound soon. Already many rounds going up and down...but the road blocks are not cleared. Maybe tomorrow break 36 sen...Based on fundamentals this stock should worth above $1.00. Sad to see it is still at a low of 33 sen.
Today already rebound to 34.5 sen and suddenly contra players start selling...so the sharks let you sell...sell until no more, they collect and play again...tomorrow I expect to go up again and retest 34.5 sen.
I have monitored this stock...it was moving up rapidly but it falls back due to profit taking. There is no cause to be alarm as the uptrend is still intact. Don't simply panic sell. The stock is fundamentally strong giving dividends and bonus last few years and it demonstrated strong profit. Now they are going to involve with rubber recycling in China and it is a big market and can add more profit for future growth. No need to panic sell for nothing. Just keep for longer term.
Better future ahead...TP 70 sen. Just lock it up and keep nicely for another 6 months. IPO price is already 68 sen. The down trend has reversed and it is slowly climbing up.
"The objective of the MOU is to record the intention to form an alliance with SRI to jointly venture to commercialize the SRI Technology in the city of Xiamen, Fujian Province, China with the establishment of a production facility to recycle “end of life” tires and other processed rubber products to produce SRI Compound to be used in the production of new rubber products.
The MOU will provide an opportunity for CAP to venture into related industry in recycling rubber products by leveraging on SRI’s business network and customer base."
Good stock...support at 33 sen. If close higher than 33 sen today, tomorrow to resume uptrend. Lets see how strong it close today....all the best brothers!
Those who followed technical analysis strictly will be frightened to sell when it dropped below 33.5 sen yesterday. However, this morning it rebounded and went to a high of 34.5 sen before dropping to a lowest of 32.5 sen. Many investors take the opportunity to grab the cheap stocks and it rebounded quickly back to 33.5 sen. As long as the support is firm at 33.5 sen we will see a retest to the resistant of 36.5 sen. It is important to know this share is fundamentally solid and should be trading at around 70 sen. The profit is good and future is bright.
Damn strong today...all other share systech, priva, wintoni, awc bite the dust....only CAP return green hahahaha @mikez don't blame richkid lah if CAP is not moving so fast.... I am here to help you all...anyway we are all friends ok? Now you know ...CAP is actually waiting ....waiting to go up...not down. So sad when everyone don't believe richkid...sad...but then richkid stick to his technical view + fundamentals both...and correctly predicted CAP will rebound. hahahahahahaha!!!
this counter is yoyo one, I did see the support at 0.32 just now, hopefully it will rebound otherwise I will keep it la as fundamental wise it is quite ok...
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....
nitestayer
518 posts
Posted by nitestayer > 2015-04-03 19:53 | Report Abuse
Dang....Kns....what a drop (-0.025)
OUCH !!!!!