China Sport

China sport was sold for S$0.7 last year this time.

The present $0.12 is the lowest supporting line.

If it goes up to resistant line at $0.165, you ripe a profit of 37%.

The Bollinger band indicates the opportunity and stochastic is moving upward to 50% from 20%.

MACD's blue is crossing red line soon to go upward.

Daily transaction is around 3k, on the low side now.

Research
(RMB)

Year---Revenue-----ProfitB4Tax-Mgin--EPS
3Q08 --1,354.592m--211.369m--15.6%--0.23
4Q07--1,207.050m--212.572m--17.61%--0.46

NAV: S$0.241
PE: 3.2

My take:
This is a potential star as NAV is higher than S$0.12.


BACKGROUND
The Company is incorporated in Bermuda on 27 March 2007.

China-Sports International Limited is principally engaged in the design, manufacture and sale of sports fashion footwear and the design and sale of sports fashion apparel under their YELl brand.

YELl products are designed for a broad range of activities mainly for consumers aged between 12 to 30 years. The Company introduces over 100 new footwear designs at each new season's launch to capitalise on changing market trends. China Sports' footwear caters to specific activities such as basketball, running and hiking and other leisure activities. YELl products are sold in China through its local distributors and exported through its exporters to countries in Europe, the Middle East, South America, Asia and South Africa. The Company also manufactures footwear for OEM customers under their international brands such as the "Kappa" brand.