BioTreat

BioTreat ($0.335, 20080425):

BT dropped another 13% since last update on 20080418 to all-time low at $0.335, with a weak support at 0.24, all indicators are extremely bearish:

BioTreat ($0.385, 20080418):

1. There had been lots of warning in the media and the net about this stock since the middle of last year;

2. On 20080410 it dropped from an intraday high of 0.55 to close at 0.495. Some early warning signals had started to appear;

3. Volume increases and a Sell signal appeared on 20080417 followed by more confirmation signals.

Since our last coverage on 20071019, its share price has dropped about 50%. Click on chart for details:



BioTreat ($0.775, 20071019):

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

FTSE ST China Index

Similarity between FTSE ST China Index and Our Top10 Approach:

Our approach of monitoring S shares using the average of the top few best performaning China stocks gives rise to similar plot of the FTSE ST China Index (See Charts below).

The Yahoo Finance site provides plot of FTSE ST China Index only up to a maximum of 3 months whereas our approach gives a longer history, and it also generates the Total Trade which indicates the total amount of shares traded in dollars.

S Shares

S Shares - Downward Resistance Likely (20080404)

S-Shares seem to have hit resistance and are likely to turn downward in near term:

S Shares - Is Downtrend Over? (20080328)

Notice that during the Uptrend, the sell-offs tappered off gradually before reaching the Peak, then followed by the Transition and the Downtrend. Similary, the Rallies during the Downtrend would have to tapper off gradually before reaching the Trough and the next Transition phase.

Judging from the current situation, the Downtrend is likely to continue for a while longer after the last rally.

Beauty China

Beauty China ($0.745, 20080320):

Broke below support 0.80 after a long black (red) candlestick and the usual set of bearish indicators with the Double Sell signals (high lighted below). Judging from the strength and trend of the signals, there is still more downside to come, with support around 0.70. Click on chart for details:

By the way, Beauty China is currently the topmost bearish counter on the Top10 list, followed by Sinostar, DataCraft, China Oilfield, Lian Beng, China Sun, China XLX, China Sky, Ascott Residence and China Essence. Note that 7 of the 10 are S Shares:

News:

20080226: Beauty China - 4Q07 results lower than expectation due to higher distribution expenses and depreciation cost by Singapore Research Team

Beauty China released the 4Q07 results. Turnover increased 40.1% yoy to HK$211.3m, in line with our expectation. However, net profit just up 0.9% yoy to HK$39.6m. On the full year basis, net profit increased 20.1% yoy to HK$161.9m, 9% lower than our forecast and 5% below the market consensus.

The lower than expected net profit was mainly due to the high distribution cost and the other operating expenses. Distribution cost surged 54.9% yoy in 4Q07, mainly driven by increased A&P expenses and higher logistical cost. The depreciation of newly-acquired factory and the amortization of the land use rights lead the other operating expenses soared 131.6% yoy in 4Q07.

C&G

C&G ($0.265, 20080314):

Share price has dropped more than 50% in the last 4 months, and all indicators are still very weak:

1. Death Cross on 20080227 as early warning
2. Sell Signal on 20080304
3. Declining MFI
4. Declining RSI
5. Declining TRIX

C&G ($0.58, 20071109):

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