This is one hot potato
There are many reasons why i am still bullish on China economy and the stocks in there but i will not discuss them here today. I am going to show you one hot potato in the market right now ~ China Essence.
Fundamentally, i would peg its value at about 10x March FY07PE, which is around 79 cents based on a EPS estimate of 7.92 Singapore cents.
Technically, it looks like it is heading towards the 52 week high of 74 cents in the coming weeks. If it can break that 74 cents level, the minum target will be close to 98 cents (12x FY07 EPS).
Fundamentally, i would peg its value at about 10x March FY07PE, which is around 79 cents based on a EPS estimate of 7.92 Singapore cents.
Technically, it looks like it is heading towards the 52 week high of 74 cents in the coming weeks. If it can break that 74 cents level, the minum target will be close to 98 cents (12x FY07 EPS).
posted by Ninja Trader at 7/25/2006 12:23:00 AM
0 Comments:
Post a Comment
<< Home