Friday, April 28, 2006
Woot...
The stock market is really unpredictable and volatile. Of course if you know what you are doing than you would it less a roller coaster ride.
Eucon just reported it 1Q06 results...Marvellous!!!
Revenue grew 122% YoY compared to 1Q05. $25.9million from $11.7million.
Net profit $6million compared to $0.1million
Such stellar performance is only for 1Q which is traditionally a weaker quarter. As demands starts to pile up in the later part of the year, the profit will sure to rise. They are on course for doubling of net profit this year again. Their Laser Drilling will set to play a bigger part in this year's revenue. The continued demand for consumer electronics like 3G handsets will spur demand for PCB as well. Fellow PCB competitor Jadason also reported very good net profits. The PCB industry will be set for a rise.
Now on to one of the most spectacular thing. Yesterday morning, I was lamenting about the lack of response of Eucon's share price to the good results. The counter took a dramatic turn in the afternoon around 3.45pm and there was a sudden rush to buy. 30 million shares were transacted in this last hour alone to propel Eucon to the Top 10 most active list. It ended with a meteoric rise of 2.5 cents. It is now at is all time high of 0.33 cents. Once it clears it, it will soon smell 0.40. Chill!!
Something caught my eye more, there were two transactions of 2.25million each at 0.315 and 0.320. This seems like a fund manager at work. If it is indeed true that Eucon had gotten the attention of funds, than we are all truly in for a ride next week. :)
I predict the stock market will run up more this coming week prior to the General Elections. I will be considering to take a step back either this week or next and prepare for the traditional down period of the world cup season. The bulls were really strong...even after spooking 20 pts yesterday morning, the bulls came back in the second half and the STI closed 10 pts up. Truly amazing.
Now i just have to get over this weekend and watch for Eucon's price opening on Tuesday.
To my $500,000!
Eucon just reported it 1Q06 results...Marvellous!!!
Revenue grew 122% YoY compared to 1Q05. $25.9million from $11.7million.
Net profit $6million compared to $0.1million
Such stellar performance is only for 1Q which is traditionally a weaker quarter. As demands starts to pile up in the later part of the year, the profit will sure to rise. They are on course for doubling of net profit this year again. Their Laser Drilling will set to play a bigger part in this year's revenue. The continued demand for consumer electronics like 3G handsets will spur demand for PCB as well. Fellow PCB competitor Jadason also reported very good net profits. The PCB industry will be set for a rise.
Now on to one of the most spectacular thing. Yesterday morning, I was lamenting about the lack of response of Eucon's share price to the good results. The counter took a dramatic turn in the afternoon around 3.45pm and there was a sudden rush to buy. 30 million shares were transacted in this last hour alone to propel Eucon to the Top 10 most active list. It ended with a meteoric rise of 2.5 cents. It is now at is all time high of 0.33 cents. Once it clears it, it will soon smell 0.40. Chill!!
Something caught my eye more, there were two transactions of 2.25million each at 0.315 and 0.320. This seems like a fund manager at work. If it is indeed true that Eucon had gotten the attention of funds, than we are all truly in for a ride next week. :)
I predict the stock market will run up more this coming week prior to the General Elections. I will be considering to take a step back either this week or next and prepare for the traditional down period of the world cup season. The bulls were really strong...even after spooking 20 pts yesterday morning, the bulls came back in the second half and the STI closed 10 pts up. Truly amazing.
Now i just have to get over this weekend and watch for Eucon's price opening on Tuesday.
To my $500,000!
# posted by guanoe @ 10:29 AM 
