InvestIdeas

Board Meeting Notifications:
17/04/2009 AJISEN (CHINA)   538 FIN RES/DIV Y.E.31/12/08

Expecting good results?

Vested.

I'm expecting 30% growth in revenue:-
1) 25% growth from new stores
2) 5% growth from existing stores

However, there were also some acquisitions a while back, so those acquisitions may contribute to earnings as well..

Share price has run up from a low of HK$2.50 to about HK$4.6 though...

Vested. I was just looking at their chart.

It looks like it has taken out the Resistance of HK$4.40.

So where's the next stop ? HK$5.50 then HK$6.60 ?

Vested.

Market action is very strong. Somebody was taking out the Sellers. Does he know something ? Why are people buying after it has such a strong run-up ?

Somebody care to comment on their chart ?

winston wrote:Vested.

I'm expecting 30% growth in revenue:-
1) 25% growth from new stores
2) 5% growth from existing stores

However, there were also some acquisitions a while back, so those acquisitions may contribute to earnings as well..

Share price has run up from a low of HK$2.50 to about HK$4.6 though...

Targets can be achieved. Their Chinese stores are always crowded and the food quality/portions are much higher than what we have here.

vested.

Lai lah... San San or 802 or anyone else. What do you think of their chart ?

Share up 3% again today.

Results out today but I cant find the time of their AGM.

Ajisen:

Daily Chart:

-Support 4.50

Weekly Chart:

- Resistant at $5.00

- forming ‘W’ shape or double-bottom

Vested.

Thanks 802. Really appreciate it...

Hopefully, with the earnings announcement today, it can take off the HK$5.00 resistant...

Take care,
Winston

Vested.

2008 ANNUAL RESULTS HIGHLIGHTS
. Turnover rose by 54.6% to HK$1,673 million (2007: HK$1,082 million)
. Sales from restaurant operation grew by 55.6% to HK$1,596 million, accounted for about 95.4%; (2007: 94.8%) of turnover
. Gross profit margin remained stable at 68%
. Earnings from core business (exclude other income and other gains and losses) increased by 31.1% to HK$170 million (2007: HK$129 million)
. Profit attributable to equity holders dropped by 4.6% to HK$221 million (2007: HK$232 million)
. Total number of restaurants reached 315 by the end of 2008 and 338 as at the date of this announcement

http://www.hkexnews.hk/listedco/listcon ... 417687.pdf

Very volatile session..

Low 4.12. Now 4.70.

So was somebody pushing the price down so they could buy ? Or was it somebody trying to take profit ?