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13-01-2013, 06:22 AM
Hi guys,
Anyone selling because of this?
Anyone selling because of this?
(12-01-2013, 06:10 PM)RBM Wrote: I have to admit to being a tad concerned when I read Ying Li's 31st December SGX announcement regarding the departure of their CFO (I was vested in another China-focused-counter several years ago where reports of irregularities followed the CFO's departure).
But I cannot complain about the recent performance of Ying Li's share price. At its Friday closing of S$ 0.44, the share price is up 19% (nineteen percent) on its December 31st closing price and up 83% (eighty-three percent) on its early June 2012 low of S$ 0.24. Since DBS Vickers' February 2012 Trading Buy Recommendation (when I was dumb enough to follow their advice), the share price almost halved but has rebounded so that I now have a small paper gain.............. if only I had the courage to have invested more last June!!.
As the bad news regarding Chongqing (mainly of a political nature) has subsided in the second half of 2012, Ying Li's share price seems to have benefited. Daily trading volumes in recent days have exceeded 15 Million shares - I wonder if something corporate or major is in the works??
Vested