James Pang was saying Pacific Radiance have their own shipyard and are building and maintaining better then nam cheong when audience asked them on competitive edge.
If one never do their homework and study the company, all hope are gone.
By homework, do you means going through the balance sheet? But like someone point out, the balance sheet could be manipulated to look good . So how are we gg to base our homework on. We have seen Enron who balance sheet had bluff investers for years. Can share then how one should do their homework? What should we base on? Thanks
I spent only 10 min looking quickly at the IPO prospectus and this is not the type of share I am interested in. Hence, I decided not to investigate further. If you read my article on IPO stocks above and see the pictures below, you will understand my reasoning.
Chartwise, Pacific Radiance has a strong "cheng Kay" + good gatekeeper since its IPO, any stock price can be "goreng" up up up with these 2 key factors. Same as RH Petrogas; with a strong "cheng Kay" + plenty of good gatekeepers, no -ve impact on the share price even after profit warning issued as it was mainly driven by TA, not FA. These kind of stocks are classified as Bliumont-pattern-stock.
Pacific Radiance — Ascending Triangle breakout
Pacific Radiance had a shooting star @ S$1.18 (+0.015, +1.3%) with volume done at 2.16m shares on 19 May 2014 at 2.10pm.