Before 2349, just want to mention that to my surprise, 21457 had gone up by 20% today! This was explosive....I expected it to happen some time. Just did not know it's today - timing is difficult to get right on.
Ok - 2349. Just note a couple of news on the company on ET Net:
(1)水務地產(02349)公布,旗下武漢「未來城」項目首日售出91%單位,創下武漢商品房開 盤銷售單日最高成交率。該項目於昨日開售,涉兩幢共314個單位,單日售出286伙,平均銷售價為每平方米9200元人民幣,遠高於 同區類似樓盤。項目位於武昌區街道口商圈核心地段,為分商業、辦公、住宅部分,佔地約2﹒2萬平方米,總建築面積14﹒7萬平方米,預計於 2011年初交付,尚有約4﹒8萬平方米可售面積單位將於稍後出售。
(2)根據聯交所資料顯示,西京投資於本周四(28日)增持水務地產(02349)100萬股或 0﹒01%,每股作價0﹒129元,總值12﹒9萬元,最新持股量增至7%。
The problem of this company is, in the latest financials (June 2009 interims), the company name was still China Botanic Development, though the website has already been updated to China Water Properties. Obviously nothing can be seen on financial information available. We need to smell where the money goes. I am still searching for the information of its major shareholders but if the info I was given to know is correct, 2349 is mainly owned by China Water Affairs group (0855) and a number of investment funds. Only small amount of stock are with the public. Don't know what their intention is - some one or a few of them are working on something - given turnover is high. Today it was 122 m shares; yesterday it was over 600 m.
Strategy? Buy a small chunk of it. Wait and see. Same advice: 小賭怡情.
Tuesday, March 30, 2010
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