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Friday, April 13, 2018
KSH - A Rebound Is On The Cards! Any News of the launch of Gaobedian project could revive the stock!
KSH - A rebound is on the cards! The company is likely to launch phase 1 of the Gaobedian Project this year after a pre-sales permit is obtained. The stock rallied last year on the potential wind fall from its 22.5% owned Gaobedian project located near the SEZ. The rally fizzled away as the market was uncertain of the timing of the launch of the project rumoured to be targeting up to Rmb 20,000psm. This theme could be played up again on any news of the project launch. On the Chart it could have seen its near term bottom at 0.61 and is due for a rebound to resistance at 0.70 , 0.72 and 0.76
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