Magic Holdings 1633

Magic Holdings 1633

Postby winston » Fri Sep 24, 2010 12:12 pm

Not vested

DJ MARKET TALK: Magic +38.2%; Foreign Brand Competition A Concern

1038 [Dow Jones] NEW LISTING: Magic Holdings (1633.HK) last up 38.2% at HK$4.56 on debut, but may not be too much further upside from intraday peak of HK$4.63.

Market cap of HK$3.65 billion values China's biggest facial-mask brand at 33X forward FY10 P/E, vs L'Occitane's (0973.HK) 27X, based on Thomson Reuters.

134 million shares have already changed hands in first half an hour of trade, 67% of 200 million shares offered, can be taken as indication that subscribers eager to take profit.

Fundamentally, competition from international brands with greater financial, R&D resources a concern, "might exert pressure on the company's margins and market share," says SHK Financial.


Source: Dow Jones Newswire
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winston
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Re: Magic Holdings 1633

Postby winston » Fri Feb 18, 2011 7:29 am

Not vested. From Dr. Check, The Standard HK:-

Magic Holdings (1633) - China 's top maker of facial masks, listed in November at HK$3.30, and rose to an all-time high of HK$6.79 in December - continues to fall.

The stock hit a new low of HK$4.18 yesterday after interim profit for the current fiscal year only grew 7 percent.

This shows investors should stick to the rule - sell a stock and lock up the profit if it falls more than 15 percent from its recent peak.

In Magic's case, it was HK$5.77.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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