Saturday, August 13, 2005

Eu Yan Sang - hit record high price

I think it is much possible due to my experience:

(1) Last FY it added dividend from 0.6c to 1.25c. This shows that the board is not stingy to minor shareholders.

(2) It used optimal words in 2Q and 3Q unaudited financial results and press releases. Like "Eu Yan Sang On Track for Record Earnings in FY2005".

(3) A substantial shareholder is accumulating its shares in recently months. It is Aberdeen Asset Management Asia Ltd.

(4) Last but not least, its share price has gained from 40c to 45c in last month. It is usually a positive sign when a stock gains before it releases financial report.

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