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:

Delong ($0.140, 15 Dec 2006)

Delong ($0.140, 15 Dec 2006):

Another Cup and Handle break out?

Background:

Historical EPS ($) 0.02290
Rolling EPS ($) 0.02009
NAV ($) 0.0558
Historical PE6.114
Rolling PE 6.969
Price / NAV 2.509
Dividend ($) 0.004500
52 Weeks High 0.155
Dividend Yield (%) d 3.214
52 Weeks Low 0.105
Market Cap (M) 743.063
Issued & Paid-up Shares 5,307,591,000

The company was incorporated in Singapore on 28 July 1997 as the Group's holding company under the name of Teamsphere Pte Ltd. It changed its name to Teamsphere Limited on 17 March 1999.On 24 September 2004, Teamsphere entered into an agreement with Best Decade Holdings Limited to acquire the entire issued and paid-up share capital of Asia Paragon International Limited. The purchase consideration amounts to S$367.5 million and is to be satisfied in full by the allotment and issuance of 4.9 billion new ordinary shares. Subsequent to the acqusition, the company was renamed to Delong Holdings Limited.Delong Holdings Limited has two wholly-owned subsidiary companies:1) Asia Paragon International Limited 2) Dexin Steel Pte LtdAsia Paragon International Limited is a company incorporated in the British Virgin Islands. Asia Paragon in turn wholly owns Delong Steel Limited. Delong Steel Limited, a Wholly Foreign –Owned Enterprise ("WFOE"), is an integrated steel mill manufacturing steel billets and mid-width hot-rolled coils for both domestic consumption and export.Delong Steel Limited in turn wholly owns Delong Yuntong Steel International Trading (Beijing) Co., Ltd, agent for import and export of steel products, mineral ores and related materials, as well as investment in resources-related projects.Dexin Steel Pte Ltd is a steel trading and procurement company incorporated in Singapore where its operation is located.