November 3, 2009, 6.17 pm (Singapore time)
China Hongcheng warns of weaker Q1 profits
By ANGELA TAN
China Hongcheng Holdings Limited on Tuesday warned that its results for 1QFY2010 is expected to show a 'significant decline in profits compared to the respective previous corresponding periods'.
It said this was attributable to the fall in selling prices and profit margins which were affected by the global financial downturn from late 2008 and keen rivalry.
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China HongCheng
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China HongCheng
by millionairemind » Tue Nov 03, 2009 7:17 pm
"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
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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millionairemind - Big Boss
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