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Post by zuolun on May 10, 2014 0:36:15 GMT 7
HANKORE ENVIRONMENT TECH GROUP LIMITED(the "Company", and its subsidiaries, the "Group") (Incorporated in Bermuda) (Company Registration No.: 34074) PROFIT WARNINGThe Board of Directors (the “Board”) of Hankore Environment Tech Group Limited (the “Company”, together with its subsidiaries, the “Group”) deems it appropriate to issue a profit warning regarding the financial results of the Group for the financial quarter ended 31 March 2014 (“3Q2014”) and nine month financial period ended 31 March 2014. Based on the preliminary review of its draft financial results, the Group is expected to report a net loss for 3Q2014 and nine month financial period ended 31 March 2014 mainly due to fair value loss on the contingent liability payable relating to Tranche 2 Shares of contingent consideration (amounting to 180 million shares) arising from the acquisition of Jiangsu Tongyong Environment Engineering Co., Ltd and the fair value loss on the warrants issued to warrantholders. The Company is still in the process of finalising the results for 3Q2014 and will provide further details of the Group’s performance when it releases the financial results on or before 15 May 2014. Shareholders and investors are advised to exercise caution when dealing in the shares of the Company. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor, accountant or other professional advisers. BY ORDER OF THE BOARDChen Dawei, David Executive Chairman 9 May 2014 infopub.sgx.com/FileOpen/Profit_Warning.ashx?App=Announcement&FileID=296490Hankore — Uptrend is broken, expect downside more than upsideHankore closed with a long black marubozu @ S$0.088 (-0.02, -18.5%) with extremely high volume done at 497.5m shares on 9 May 2014. Based on the Elliott Wave chart pattern, Wave-5 ended @ S$0.149 on 25 Mar 2014. Hankore (weekly) — The Elliott Wave chart pattern
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Post by zuolun on May 13, 2014 0:58:55 GMT 7
I noticed most China-based stocks listed outside the PRC all have identifical chart pattern, i.e. they're able to attract huge crowd for gambling only. When the game is on especially 'goreng' just initiated, they're gems but after game over, they're germs. Hankore — A Dead Cat BounceHankore closed with a piercing pattern @ S$0.095 (+0.007, +8%) with extremely high volume done at 484m shares on 12 May 2014. Immediate support @ S$0.079, strong resistance @ S$0.11.
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Post by zuolun on May 15, 2014 11:31:18 GMT 7
On Monday 12 May 2014, SSH, Wang Yu Huei increased stake in Hankore from 10.01% to 11.02% (510,000,000m shares to 561,107,000m shares). Hankore — A Dead Cat BounceHankore had a doji @ S$0.098 (+0.002, +2.1%) with reducing volume done at 43.9m shares on 15 May 2014 at 12.25am. Immediate support @ S$0.088, strong support @ S$0.079, immediate resistance @ S$0.106. strong resistance @ S$0.11.
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Post by zuolun on May 26, 2014 14:36:49 GMT 7
Hankore — Bullish Symmetrical Triangle BreakoutHankore @ S$1.155 (+0.07, +6.5%) with volume done at 15.1m shares after share consolidation of 10 to 1 on 26 May 2014 at 3.30pm. Hankore (weekly) — Critical support @ S$0.08
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Post by zuolun on Jun 3, 2014 16:43:37 GMT 7
中国光大国际(00257)光大国际旗下光大水务借壳新加坡上市 — 3 Jun 2014 China Everbright to move assets to HanKore in $928 million deal — 2 Jun 2014 Former chief of JPMorgan’s China unit is arrested — 21 May 2014 Hankore: How would it survive working capital crunch without RTO by China Everbright? — 25 Feb 2014 Chinese banker files lawsuit against securities regulator — 14 Feb 2014 China Everbright fined for insider trading — 2 Sep 2013 Hankore — Diamond Top FormationHankore closed with a long black marubozu @ S$1.11 (-0.08, -6.7%) with extremely high volume done at 41.4m shares on 3 Jun 2014. Hankore had a hammer @ S$1.185 (-0.005, -0.4%) with volume done at 26m shares on 3 Jun 2014 at 10.20am. HanKore shares tumble on news of China Everbright probeReports of a corruption probe into the China Everbright group sent shares of HanKore Environment Tech Group tumbling yesterday, casting a shadow over a reverse takeover between the two companies.By Kenneth Lim 10 May 2014 Reports of a corruption probe into the China Everbright group sent shares of HanKore Environment Tech Group tumbling yesterday, casting a shadow over a reverse takeover between the two companies. HanKore shares fell 18.5 per cent, or two cents, to a year-low of 8.8 cents following reports in Chinese media that the Chinese Communist Party’s Central Commission for Discipline Inspection was investigating the China Everbright group, China Resources, the Bank of China, China International Trust and Investment Corp and the China Merchants group on possible corruption charges. A spokeswoman for HanKore, a water treatment specialist, said the company had not been able to corroborate the reports. The reports will not affect ongoing negotiations for a deal that will inject China Everbright’s environmental water investments into HanKore in exchange for China Everbright Water Investments owning a majority stake in HanKore. In response to a Singapore Exchange query into its share activity, HanKore said it was still in discussions about the deal. Terms were supposed to have been reached in April, but the exclusivity period has since been extended to May 31. The exchange urged investors to trade the counter “with caution”. In a note to clients, DMG & Partners described yesterday’s price drop as “unwarranted” panic selling. Even if the China Everbright deal does not go through, each HanKore share is worth at least 9.7 cents, or a multiple of at least 15 times estimated 2015 earnings, DMG analyst Sarah Wong wrote. The company’s organic business is also growing at a healthy pace, the analyst added. “HanKore has been unfairly penalised from the negative newsflow on China Everbright,” Ms Wong wrote. JP Morgan, in a note, recommended buying China Everbright International on dips, saying that fundamentals for the company remain intact. China Everbright shares closed at HK$8.89 (S$1.43) in Hong Kong, down by 2.3 per cent or 21 HK cents.
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Post by zuolun on Jun 9, 2014 16:23:44 GMT 7
Hankore — Bearish Diamond Top Breakout, TP S$0.70Hankore closed with a black marubozu @ S$1.00 (-0.04, -3.8%) with volume done at 11.6m share on 9 Jun 2014. Immediate support @ S$0.94, immediate resistance @ S$1.06.
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Post by zuolun on Jun 11, 2014 17:40:04 GMT 7
Hankore is a textbook example of a bearish diamond top breakout. Hankore — Bearish Diamond Top Breakout, TP S$0.70Hankore closed with an inverted hammer @ S$0.905 (-0.03, -3.2%) with volume done at 19.9m shares on 11 Jun 2014. Immediate support @ S$0.85, immediate resistance @ S$0.94.
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Post by zuolun on Jul 4, 2014 12:55:45 GMT 7
Hankore's share price peaked @ S$1.49 on 25 Mar 2014, prior to the proposed share consolidation at the SGM held on 23 Apr 2014. It collapsed to low of S$0.79 on 9 May 2014 and rebounded to high of S$1.27 on 30 May 2014, prior to CEI (0257HK) to move assets to HanKore in $928m deal on 2 Jun 2014. Chart Pattern Observations:1. A potential bearish Gartley pattern formation. 2. The left wing of the dead butterfly is already formed. 3. Should the formation of the right wing of the dead butterfly materialise; expect a strong rebound from last low @ S$0.79 to hit S$1.34 (Point A to D). 4. Ref. below similar chart pattern example of Innopac; a strong rebound from last low @ S$0.118 on 16 July 2013 to S$0.167 on 12 Sep 2013 (Point A to D). Alternative view:Hankore — Potential bearish Gartley pattern formationHankore — The Elliott Wave Pattern
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Post by roberto on Dec 19, 2014 12:44:22 GMT 7
zuolun, if it's not too much trouble could you pls do a TA on Hankore? The gartley above is invalidated due to price moving lower than point C. An EW count would be great, could serve as a possible price roadmap for the stock.
Not too confident of my wave counting skills...
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Post by roberto on Dec 19, 2014 12:49:59 GMT 7
Ossan, I came across an older post of yours sometime back ("Finding the next multi-baggers" thread). Copied it here as I feel it's relevant. "The second category for my stocks that did not do so well are those stocks that became targets for reverse takeovers. These takeovers were arranged in such a way that the new shareholders benefited tremendously more than the existing shareholders. The existing management benefited from acquiring the existing businesses for very little or are assured of good executive salaries to take care of the original businesses before being granted the option to buy these businesses over cheaply. It is true that these stocks usually multiply in value on the announcement of the takeover but with time, their share price is more likely to decline. I usually sell these stocks on the euphoria of the announcements especially when I am not in favour of the terms and conditions of the proposed takeover. Usually, the way they structure a deal is a good reflection of the way they are likely to treat minority shareholders once the deal goes through." Read more: pertama.freeforums.net/thread/752/next-multi-baggers#ixzz3MJrAIuzh
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Post by zuolun on Dec 19, 2014 17:56:36 GMT 7
zuolun, if it's not too much trouble could you pls do a TA on Hankore? The gartley above is invalidated due to price moving lower than point C. An EW count would be great, could serve as a possible price roadmap for the stock. Not too confident of my wave counting skills... roberto, Prior to the potential bearish gartley pattern formation, which was posted as an alternative view on Hankore; my initial view was a bearish diamond top breakout as at 11 Jun 2014. While both chart patterns are bearish but the former pattern offers a better opportunity for the trapped bulls to cut loss at much higher prices. The EW chart pattern dated 4 July 2014 is still valid; Hankore is currently riding on the strongest and most powerful sub-wave-3 of 5-wave down within the corrective C-Wave. Hankore — Bearish Diamond Top Breakout, Interim TP S$0.70, Next TP S$0.40Hankore closed at day's low with a long black marubozu @ S$0.955 (-0.045, -4.5%) with volume done at 4.54m share on 19 Dec 2014. Immediate support @ S$0.94, immediate resistance @ S$0.995, the 200d SMA. Hankore — The Elliott Wave PatternHankore's share price peaked @ S$1.49 on 25 Mar 2014, prior to the proposed share consolidation at the SGM held on 23 Apr 2014. It collapsed to low of S$0.79 on 9 May 2014 and rebounded to high of S$1.27 on 30 May 2014, prior to CEI (0257HK) to move assets to HanKore in $928m deal on 2 Jun 2014. Chart Pattern Observations:1. A potential bearish Gartley pattern formation. 2. The left wing of the dead butterfly is already formed. 3. Should the formation of the right wing of the dead butterfly materialise; expect a strong rebound from last low @ S$0.79 to hit S$1.34 (Point A to D). 4. Ref. below similar chart pattern example of Innopac; a strong rebound from last low @ S$0.118 on 16 July 2013 to S$0.167 on 12 Sep 2013 (Point A to D). Alternative view:Hankore — Potential bearish Gartley pattern formationHankore is a textbook example of a bearish diamond top breakout. Hankore — Bearish Diamond Top Breakout, TP S$0.70Hankore closed with an inverted hammer @ S$0.905 (-0.03, -3.2%) with volume done at 19.9m shares on 11 Jun 2014. Immediate support @ S$0.85, immediate resistance @ S$0.94.
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Post by zuolun on Jan 19, 2015 11:00:50 GMT 7
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Post by zuolun on Jan 22, 2015 17:30:48 GMT 7
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Post by sptl123 on Feb 13, 2015 8:26:10 GMT 7
Bro Zuolun, I read the rules for trading a bottom reversal many times but still not clear about it but am I right to say the rules has been broken for this counter? . But the chart now look very much like your cup and handle pattern; so the immediate future is uptrend? Last placement was 0.94 to big boys. We small boy can buy at at 0.98 now? .
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Post by zuolun on Feb 13, 2015 12:05:49 GMT 7
Bro Zuolun, I read the rules for trading a bottom reversal many times but still not clear about it but am I right to say the rules has been broken for this counter? . But the chart now look very much like your cup and handle pattern; so the immediate future is uptrend? Last placement was 0.94 to big boys. We small boy can buy at at 0.98 now? . sptl123, “借壳”上市后,就“金蝉脱壳”。Be very careful when betting on ALL SGX-listed China-based S-chips especially "kankore" = difficult in Hokkien
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