Dukang

With Fidelity's interest, the stock price probably can hold above 30 cents. Let's see how the next quarterly result turns out to be.

The share sale by Gao Feng, ex chairmman, has been effected. Finally.... He must be smiling all the way to the bank ---> sold at 47.4 cents. Now share price is 32.5 cents.

infopub.sgx.com/FileOpen/DK_Changes_in_t...cement&FileID=267260

Drop below 30c as expected....Q4 result my drive it further down.

Why are you expecting a bad set of results, Bestworld?

abb, according to recent Hurun survey, overall luxury spending is down 15% compared to previous year. It affects a lot of luxury brands from cars, jewelry, handbags, and of course baijiu. Even the mighty Moutai drops to 14th on the list of favorite brand for gifting. (source: www.jingdaily.com/luxury-gifting-by-chin...plummets-25-percent/ ).

There might be sales bump during the lunar new year but personally i expect short term result will not be so good, however i am still holding on to my Dukang stocks because Dukang is still pretty cheap, the brand name is valuable, and spending should recover in the future (not sure how far in the future though :lol:). The risk is of course whether Dukang can withstand the current crisis long enough until it recovers

Q3 result was a very clear indication that their margin is under pressure. Believe things will get worst in next few Q before it can get better.