It's about an year ago, 18 Aug 2009, I wrote the following posting: Featured Report: Kenanga On Sino Hua-An
Let me highlight what I wrote then..... >>>>>>>>>>>>>>>>>>>>>>
Last night Hua-An's lost some 13.279 million and year-to-date losses were 36.911 million.
And Hua-An stock price is also 0.545. :p2
Despite losing money, Kenanga insist that the prospect is bright! (losing less money is good eh?)
Viola!
Kenanga still have a buy on Sino Hua-An but with a lower target price.
Yeah.. losing less money is good. :D
So who wants Hua-An?
>>>>>>>>>>>>>>>>>>>>
Today... Sino Sua-An price is at 35 sen and Sino Hua An is finally making money!
Yes, Sino Hua An announced profits in its quarterly earnings notes last night. It made a profit of 4.844 million for the quarter and year-to-date, Sino Hua-An made some 2.362 million!
Guess what is K&N's recommendation today?
SELL!
Yes you heard me correct. It's a SELL with a target price of 0.26 sen!
LOL!
In short... :P
Aug 2009: Sino Hua An made less losses! (yes less losses) and Hua An was at 0.545. K&N called it a BUY with a target price of 0.63.
Aug 2010: Sino Hua An finally made money and Hua An is at 0.35. K&N now calls it a SELL with a target price of 0.26!
Now correct me if I am wrong here but isn't K&N suggesting that Sino Hua An is only worth a BUY when it's losing money? ( :p2 )
How?
Me?
I just LOVE this game!
:D
2 comments:
Dear Moo,
Its another wishy-washy China company dumped onto hapless Malaysian investors, who will indeed need more than good luck with authorities like our SC & Bursa looking after the industry...
LOL!
I have blogged one time too few on this company. :D
See past postings: Sino Hua An
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