LongCheer Holdings

LongCheer Holdings

Postby millionairemind » Wed Aug 27, 2008 9:28 pm

Longcheer Achieves 35% Growth In FY08 Revenue

Mainboard listed Longcheer Holdings, a leading China mobile phone designer announced a 35% increase in FY08 revenue to Rmb3.29b ended 30 June 2008. Data released from Ministry of Industry and Information Technology showed that the group’s total shipment volume in FY08 rose 45% to 12.9m, thereby outpacing the industry growth of 7.6%.

In addition, growth initiatives to tap overseas markets are making positive progress. Group earnings was 4% higher at Rmb196.2m. Going forward, Chairman Tao Qiang said, “The global market for mobile handsets continues to be robust. As we become increasingly competitive, there are significant opportunities for us to continue growing both in China and beyond.

3G products and exports of 2G products will account for a larger share of the Group’s total business. We will intensify our overseas marketing efforts to build on the strong momentum achieved in new geographical regions.”
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Re: LongCheer Holdings

Postby iam802 » Wed Aug 27, 2008 9:31 pm

when I first saw this heading, 'LongCheer Holding', I thought it is a beer company :?
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2. The trend will END but I don't know WHEN.

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Re: LongCheer Holdings

Postby kennynah » Wed Aug 27, 2008 9:42 pm

i thought some football cheerleader team went public...hahaha...
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Re: LongCheer Holdings

Postby sidney » Thu Aug 28, 2008 12:08 am

reminds me of chang beer. Dun koe why got this assoiciation...
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Re: LongCheer Holdings

Postby millionairemind » Mon Feb 08, 2010 6:23 pm

February 8, 2010, 5.57 pm (Singapore time)

Longcheer's Q2 net profit up 30%, declares higher dividend

By ANGELA TAN

Longcheer Holdings Limited, a designer of mobile phones in China, announced net profit grew 30 per cent to RMB39.13 million (US$5.73 million) for its financial results for the second quarter ended December 31, 2009.

The group reported a record revenue of RMB 1.04 billion, crossing the RMB1 billion mark for the first time in a quarter. The 44 per cent growth was attributed mainly to growth in exports.

The company is declaring an interim dividend of 2.0 Singapore cents per share, an increase of 67 per cent compared to 1.2 Singapore cents per share paid in the corresponding period of previous year.
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Re: LongCheer Holdings

Postby winston » Fri Jan 28, 2011 8:42 am

Not vested

LONGCHEER - Chinese mobile phone designer Longcheer said its second quarter net profit dropped 60 percent to 16 million yuan from the year ago period, its gross profit margin fell due to severe price competition.


Source: Reuters
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Re: LongCheer Holdings

Postby Aspellian » Fri Jan 28, 2011 11:54 am

How things turned around within a year for this company... assuming its results for 30 June 2010 is great (as seen in higher dividends and revenue growth)... then for June 2011 year end results, it will be struggling throughout the year... as comparison against prior successful quarters will be a damper....

especially when economy is picking up and yet profits drop... hmmm.... parachute out if one hasnt done so.

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Re: LongCheer Holdings

Postby Aspellian » Fri Jan 28, 2011 3:16 pm

Putting up a chart here of Long Cheer (as what MM da-ge will do as a learning tool).

The price is quite solid from 50cents in Feb 09 to a high of 80cents + in Sept 10. But apparently this is done with a big gap up (some will say its an exhausation gap (a potential red flag); as a few months back there is another big gap up). But let's talk about the more obvious red flags.

1st red flag - sliced thru of 50DMA in mid Nov 2010... but volume not that high... still alright if one has not see any fundamental change in company business (note that i didnt check company annoucement dates to price chart). Thereafter 10DMA undercut 50DMA.

2nd red flag - sliced thru 10DMA on very high volume compared to the prior week of early Jan at 68cents level. This is more evident of trouble when the whole market is on a clear uptrend with US markets above pre Lehman Brothers.

Stocks dropping in high volume (or very high) and slicing through moving averages like knife through butter in a POSITIVE uptrend... RED FLAGS WAVING at your face... but there are still people trying to catch falling knives as evident at 62cents level... then next day drop 13% on SUPER-SUPER high volume from 62 cents to 54 cents... now close to 40 cents....

Hmm... for those still holding from high of 80cents to 40cents now... nothing much to cheer. maybe can sell at next rebound... cos if next correction comes, either lagi-worse or just stagnant. A 50% drop to 40cents needs 100% recovery. Not easy to find in current market of 100% stocks...

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Re: LongCheer Holdings

Postby millionairemind » Fri Jan 28, 2011 9:23 pm

This chart tells me stay clear ar.. maybe more cockroaches coming out soon...
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: LongCheer Holdings

Postby iam802 » Fri Jan 28, 2011 9:29 pm

Wrongcheer :)
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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