lol np... everyone has their own strategy and style to pick counters.

anyway i am cautious of tomorrow gensp... will it be dumping time soon?

Anyway tonight Citicorp reported loss of 33c per share as expectations... i think its good news...

Planning to grab tomorrow end of the day, hope it go down till 1.15

Gambling license coming very soon, insider news said would be next week

someone told me tomorrow 1.50 but i find it hard to believe. but cannot discount it's impossible because of dressing up.

Don't believe it will shoot up 1.50 so fast, next week at least

Btw, what does China Sports doing basically?

This post has been edited by Joshua_0718: Jan 19 2010, 10:08 PM

China Sports: BUY; S$0.18;
Bloomberg Code: CSPORT SP
Bringing FIFA On Board
Price Target: S$0.35

CSPORT Signs On FIFA

China Sports (CSPORT) has signed an agreement with Global Brands Group to become the authorized exclusive distributor of official FIFA football lifestyle clothing and accessories throughout the PRC. Global Brands Group is the appointed worldwide exclusive master licensee by FIFA. FIFA has 4 segments of products, namely: (i) apparel (80% of revenue), (ii)headwear (5%), (iii) footballs (5%) and (iv) bags (10%), which complement CSPORT's main revenue source of footwear (c.60% of its 9M09 revenue). This would allow CSPORT to expand its product range as well as leverage on FIFA’s strong brand name.

FIFA has its own Original Equipment Manufacturers (OEMs) in China, so CSPORT would not need to spare any production capacity for FIFA products.Its main focus would be on the marketing and distribution of FIFA products in the PRC.

Impact

1. Increased store traffic. CSPORT will roll out FIFA Modular Stores(target: > 230) in the PRC over the next three years to distribute FIFA products. We understand that these modular stores will constitute a special section in CSPORT's existing Yeli specialty stores. In addition, prior to and during the 2010 World Cup, CSPORT will set up FIFA Official Event Stores temporarily in front of Yeli's stores. Both modular stores and eventstores would attract significantly more traffic to Yeli's stores.

2. Increased revenue and margins. The distribution of FIFA products will not only provide CSPORT with additional sources of revenue, but also improve the company’s overall margins. Based on the strong FIFA brand name,we expect that CSPORT's wholesale gross margin of FIFA products would range between 30% and 40%, much higher than its current 16% for 9M09.

3. Better brand image. The inclusion of FIFA products in Yeli's specialty stores and the association between CSPORT and FIFA would lift Yeli's brand image substantially.

Recommendation & Target Price

CSPORT will start building up the event stores from end Mar 2010, followed by the modular stores in 2H10, before opening FIFA specialty stores from end-2010. Considering the time needed to ramp-up, impact on the company's2010 earnings should not be significant. Hence, no change to our earnings estimates at the moment, while we await more specific targets as CSPORT works out the expansion plans with its distributors. Reiterate BUY, TP raised to S$0.35, based on 8x FY10 P/E. However, the deal’s overall positive impacts substantially brightens the company’s prospects and in our opinion warrants a higher target FY10 P/E from the previous 6x to 8x, which is in line with the average of its S-chip peers in the consumer goods sector.

Impressive when FIFA involved

Still holding?

so far so good... the woman must be cai sen in disguise...

Current vested counters (SG):-
a) Swiber
b) Berlian Laju
c) E3 Holdings
f) GMG
g) Ntegrator
h) Genting
i) Courage Marine
j) China Sports
k) Otto Marine

Today Berlian & GMG run already (10% & 7%). still keeping for the time-being
Expecting Courage Marine & Otto Marine to run soon, hopefully by this week.
Genting eat popcorn and see tomorrow... only problem will be very busy at work cannot monitor much... will probably sell at start of day... should be a gap up.

Uncle Dow is going strong.

Citi meet expectations which is good because we are in recovery mode. Same quarter a year ago, it was a loss of $3.40 per share. this time is only loss of $0.33 per share!!!

tomorrow is IBM results. This could also be the build up for anticipating good results. Good luck in your trading!

gen 13 volume is low , all going to the opening ceremony today ?

sold all my gensp at loss of brokerage... could this be a case of sell on news? Price could have factored in opening as well as license already. Am letting go because i bought at high and for a quick punt. There may be a slow sell-down, but hope i'm wrong.

what u predicted has come true. going to accumulate more at low price.

Wah, G13 drop till 1.25

resorts open, but no more good news?

selldown is bad today also because the broader asian markets like Shanghai and Hang Seng are reacting badly due to china's restriction on credit.

i was hoping for a dress-up on g13 today, but there was none.

Next week! Theme Park opening

more important is casino open, if theme park open, the stock price should like today only~

True enough, at least good news for me this youngster go and play

I thought China announced the news last week, the market should have factor in long time ago.

its this news:- http://www.businessweek.com/news/2010-01-2...llar-rises.html