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Sunday, 17 February 2008

REL - some reflection



Company will be releasing its full year financial results for the year ended 31 December 2007 on 26 February 2008, after the close of trading on the Singapore Exchange

Press Release - Rotary Engineering posts record S$40.5m net profit for the nine months ended 30 September 2007

I am expecting record full year net profit. REL has came down from the high of $1.54 and recent low of $0.82.

I will accumulate more on Monday @ 0.94 after its pull back on Friday.

I am also mindful of selldown in Keppel and Tat Hong after posting good result, perhaps, fund managers are raising cash as it is easier to dispose them after good result as there will be a ready pool of buyers.
Posted by Createwealth8888 at 14:14
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