Tuesday, 6 August 2013
CHINAFIBRETECH RALLY TO $0.068 or +13.30%
SgxWinner spotted ChinaFibreTech at $0.06 and it was really a big winner for our students and graduates. It rally from $0.06 to $0.068, way past our target of $0.066. ChinaFibreTech results was way better than what analysts had been expecting and given its strong cash flow in its balance sheet. Could we see something special for ChinaFibreTech in the future? It was trading at $0.10 back in 2010 and 2011. We shall watch as it hit certain key levels.