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发表于 26-10-2009 19:53:56|来自:新加坡
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DJ MARKET TALK: Sinotel +2.5%; ADR Trading Expected Soon-Westcomb (2009-10-26 07:17:00
0717 GMT [Dow Jones] Sinotel Technologies (D3W.SG) +2.5% at S$0.615 as buying interest renewed following decline over last three sessions. Having pulled back from 52-week closing high of S$0.715 in September to current October low of S$0.56 in first week of this month, stock has since managed to retrace some losses, closing at no less than S$0.60 for last two weeks. Recovery aided partly by hopes of stronger trading liquidity as Sinotel''s ADR program draws near. "Although the exact timeline cannot be ascertained, the official date of trading should be just around the corner, probably in just 1-2 weeks," says Westcomb. ADR-aside, SIAS Research says prospects for China-based provider of wireless telecom services remain bullish, especially in Shanxi, where property market has been booming; "more buildings will mean a larger number of wireless network systems to be installed. With Sinotel holding the majority of Shanxi''s (telecom) market and its familiarity with the province, the company is likely to attain more contracts in the next few years." Orderbook quotes tip resistance at S$0.63. (FKH) |
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