Cordlife has staged a strong rebound from support at 1.00. Has cleared last week high of 1.075 and currently at 1.095. Possible to accumulate on dips as near term uptrend still in place. A break above the 1.10 resistance level can see it go higher to find a new high. Support at 1.10 if it manages to stay above. Follow up from previous post on 17th May 2013.
Stop loss at 1.08 for short term trades
Standard Chartered: Cordlife
Main themes discussed/Key points
n Market leadership: Cordlife Group (CLGL) is the largest cord blood bank in Singapore, with a 62% market share, and the second-largest operator in Hong Kong, with a 28% market share as of 2010.
n Technological leadership: CLGL was the first cord blood bank in Southeast Asia to be accredited by AABB (formerly the American Association of Blood Banks). It was the first, in Singapore, to release processed cord blood units for treatments of cerebral palsy in 2009 and neuroblastoma in 2010.
n Growth visibility: CLGL is expanding its geographic coverage to Indonesia, India, the Philippines, Malaysia, and Thailand, through proposed acquisitions and a strategic alliance. Deloitte & Touche Financial Advisory Services (DTFAS) expects existing markets such as Singapore and China to grow at a 2010-15 CAGR of 9% and 23%, respectively.
Main themes discussed/Key points
n Market leadership: Cordlife Group (CLGL) is the largest cord blood bank in Singapore, with a 62% market share, and the second-largest operator in Hong Kong, with a 28% market share as of 2010.
n Technological leadership: CLGL was the first cord blood bank in Southeast Asia to be accredited by AABB (formerly the American Association of Blood Banks). It was the first, in Singapore, to release processed cord blood units for treatments of cerebral palsy in 2009 and neuroblastoma in 2010.
n Growth visibility: CLGL is expanding its geographic coverage to Indonesia, India, the Philippines, Malaysia, and Thailand, through proposed acquisitions and a strategic alliance. Deloitte & Touche Financial Advisory Services (DTFAS) expects existing markets such as Singapore and China to grow at a 2010-15 CAGR of 9% and 23%, respectively.
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