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Brokers TP ( target price) for Powerlong :
Report issued on 25 March by Southwest Securities : BUY and gave TP at $5.61
Report issued on 26 March by ABCI : BUY and gave TP at $5.61
Report issued on 6 May by Guotai Junan : BUY and TP not stated .
Report issued on 24 Jun 2019 by Deutsche Bank : BUY and gave TP at $5.12
On 8 Jul 2019, Powerlong report the contract sales for 6 months to 30Jun 2019 was up 78% year on year.
So I would expect higher TPs for Powerlong.
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27-07-2019, 03:48 AM
(This post was last modified: 27-07-2019, 03:57 AM by soros.)
Yes. shareprice at market closing today was $5.04. I am looking forward to trending higher.
Thank you for starting this thread in 2017 and drawing our attention to 1238 shares with good potential to win.
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25-08-2019, 01:26 AM
(This post was last modified: 25-08-2019, 01:29 AM by soros.)
The results for Poly Properties ( 00119.hk) look good but there is no interim dividend declared by the company .
I still prefer Powerlong because it has a track record of rising dividend since 2012 and this year's interim dividend has been raised to 9 cts. ( 6.8cts in 2018 )
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Further to my post #21 , some more TPs for Powerlong :
Report issued on 23 Aug 2019 by Zhongtai International : BUY and gave TP at $5.85
Report issued on 24 Aug 2019 by Industrial Securities : BUY and gave TP at $6.30
Report issued on 24 Aug 2019 by Southwest Securities : BUY and gave TP at $6.38
Report issued on 25 Aug 2019 by Citibank : BUY and gave TP at $6.00
Report issued on 25 Aug 2019 by Huatai Financial : BUY and gave TP at $6.01
Report issued on 26 Aug 2019 by UOB Kay Hian : BUY and gave TP at $6.01
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15-10-2019, 09:48 PM
(This post was last modified: 15-10-2019, 09:50 PM by soros.)
Powerlong share price suffered a minor crash and lost 10% today and closed at $5.40 . This fall in share price came after news of a 146.5 Mil share placing at $5.40.
The total number of shares issued was 3,997 Million + 146.5 Mil placed now = 4,143.5 Million ( new total.).
This is about 3.54% increase in total number of shares .
I believe such increase is nothing to cause loss of sleep for investors.
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It seems the recent 25% fall from $6 to $4.50 level in share price was caused by removal of company from MSCI China Small Cap Index.
Zhongtai International has kept a "buy" rating on Powerlong shares, with target price $6.29 .
This target price looks achievable since the Powerlong has been reporting higher turnover compared to last year.