Hongwei - Tembusu on board!

Joes
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13 years 4 months ago #4852 by Joes

Replied by Joes on topic Re:Hongwei - Tembusu on board!

Wife of CEO of Hongwei Technologies on buying spree

www.nextinsight.net/index.php/story-arch.../3162-insider-buying -

On Nov 1 and 2, Madam Zhuang Xinxin, a non-executive director and the spouse of the chairman & CEO, bought a total of 2 m shares at S$0.26506 per share on average.

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pine
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13 years 3 months ago #4886 by pine

Replied by pine on topic Re:Hongwei - Tembusu on board!

Since the Hongwei bozz's wife bought the stock, the textile sector outlook has been improving and with China Gaoxian running up like crazy, it's a matter of time before the market gets hooked on Hongwei.

Several market investors are in the stock ... including Tembusu.... so if nothing else, the 4Q results of Hongwei will confirm if they are indeed worthy of a run like Gaoxian.

Since the Hongwei lady is also a director in addition to being spouse of chairman, then it is safe to assume she knew what she was doing when she went on a share shopping spree.

26 cents was what she last bought at. She can't be expecting anything less than 36 cents as target price, which is a PE of about 6-7X

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pine
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13 years 3 months ago #4917 by pine

Replied by pine on topic Re:Hongwei - Tembusu on board!

On Jan 5, NRA Capital initiated coverage of Hongwei - saw the title Hongwei: Riding on high cotton prices.

Only subscribers can access... anyone has a copy? What is the target price???

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pine
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13 years 3 months ago #4921 by pine

Replied by pine on topic Re:Hongwei - Tembusu on board!

Another round of buying of 2 million shares by the chairman, as announced on Jan 7.

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pine
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13 years 3 months ago #4974 by pine

Replied by pine on topic Re:Hongwei - next textile play?

Persistent insider buying of this stock but no price action so far.
PE looks very cheap at 4-5X.

4Q results will provide stock catalyst if .... it shows that the company is enjoying a rebound in textile industry. Anyone got insights into this company? It seems so low profile - but NRA Capital recently did a report on them. No one else?

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erelation
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13 years 3 months ago #4977 by erelation

Replied by erelation on topic Re:Re:Hongwei - next textile play?

haahaa.... i have been buying too.... awaiting for its turn to shoot up...

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