China Stocks

China Stocks (20071116):

All three groups are still in their downtrends - China stocks, China hot stocks (a subset) and the China Pharma stocks. Their total trades are also far below those done in October:

China Pharma

China Pharma (20071109):

This group has been making lower highs and lower lows since the beginning of Oct, and is likely to trend down another 10% before finding its base:

C&G

C&G ($0.58, 20071109):

Turned bearish since early Oct, could be due to high oil prices. Weak support at 0.56:

SinoStar

SinoStar ($0.655, 20071109):

Most of the indicators are not yet available as it was just IPOed recently. However, a bearish signal was issued around Mid Oct (Chart 3) and subsequently it gapped down twice and a Doji star appeared on last closing. Likely to stay below the lower price band for the near term.

Its third-quarter net profit dropped by 40% to to RMB15.2m (S$2.9m), dragged down by lower profit margin and higher expenses.

News:
Sinostar Pec Holdings – Posted a 40.2% drop in third-quarter net profit to RMB15.2m (S$2.9m), dragged down by lower profit margin and higher expenses. The profit drop came despite a 30.6% jump in revenue to RMB327.4m. The bulk of the revenue came from LPG sales, which rose 31.7% to RMB184.6m. This was possible due to higher capacity, brought about by the acquisition of an additional 250,000 ton gas fractionation facility last year. Sinostar's LPG products also saw higher average selling price and sales volume during the three months ended Sept 30. The group's propylene products, however, suffered a drop in average selling price. Basic 3Q07 EPS came to 2.36 fen, from 5.20 fen in Q3 last year. Net asset value stood at 70.7 fen per share as of Sept 30, from 13.6 fen as of end of last year. Notwithstanding the lower 3Q profit, Sinostar's 9M07 net profit came to RMB70.1m, a 46.3% gain from the previous year. Revenue for three quarters to date went up 42.3% to RMB848.2m

Sinopipe

Sinopipe ($0.525, 20071026):

Has a good run up since the last set of Buy signals (blue arrow), now it is retreating after forming the Double-top pattern. Supports at around $0.43 to 0.45:

Delong

Delong ($3.020, 2001026):

Profit warning was issued, followed by sell signals and bearish indicators. Price attempted to stay above the central price line but broke down and stayed in the lower price band:

WanXiang

WanXiang ($0.37, 20071026):

3 months after IPO in July, a profit guidance was issued today. Looking at its charts, one can find several warning signals:

1. Bearish signal started to cross down in early October (Chart 3)
2. Price fell into the lower price band (Chart 1), a sell signals appeared (Chart 4) and the Trix sell signal was triggered (Chart 7)
3. MFI and RSI turned bearish (Charts 5 and 6)

BioTreat

BioTreat ($0.775, 20071019):

Double-Sell signals with bearish indicators, with supports at 0.70 and 0.65:

SinoPipe

SinoPipe ($0.54, 20071019)

Sell signals are out and may test supports at 0.53 and 0.51:

China Engergy

China Engergy ($1.36, 20071019):

Its share price movement resembles that of Sino TechFibre (see below) with support at 1.29:

Sino TechFibre

Sino TechFibre ($0.885, 20080104):

Closed with 52-week low. Price action and all indicators are very bearish:

Sino TechFibre ($1.27, 20071019):

Price crossed into the lower price band and touched the lower price line which served as a good support on last Friday. A sell signal had appeared recently and with the rapidly deteriorating indciators, it is expected to dip further below the support at 1.24 in the coming weeks:

China Stocks (20070504)

China Stocks (20070504):

The two groups of China stocks continued to fall until they had finally found their support at Point B and they bounced off. The China "Hot" stock group seems to be consolidating (Point C) but are more likely to follow the main group:

China Stocks (20070302):

The China Stock Group has turned downwards for the last 4 consecutive sessions, and the China "Hot" Stock Group, which is a subset of the China Stock Group, has hit a rather strong resistance and the Bearish M pattern has appeared. Expect more downside in the near future.

China Pharma Stocks (02 Feb 2007)

China Pharma Stocks (02 Feb 2007):

The Group Average Price did a double bottom on 20 Dec 2006 and rebounded (Point A below), rised rapidly to its resistance (Point B) and retraced. From the chart, if it is able to rebound and break above the resistance again, a Cup & Handle breakout formation can be expected.



China Pharma Group:
asiapharm group ltd (sgd)
reyoung pharm holdings limited (sgd)
c & o pharm tech (hldgs) ltd (sgd)
star pharmaceutical limited (sgd)
tianjin zhong xin pharm group (usd)
pharmesis international ltd. (sgd)


China Pharma Stocks (10 Nov 2006):

The China pharma group continued to underperform and had just broken the recent support (topmost darker horizontal line) and is currently testing the next lower one. If the current support is broken, the Group Average Price will fall further to test the next much lower support levels. For the time being, it is safer to wait sideline and observe the next move:


Pharma and Plastic Stocks (13 Oct 2006):

China pharma group (Red) may have found its base and is leveling off, while the Plastic group (Black) has inched up for the past week: