ChinaPDYe

This is a china company, specialized in providing printing and dyeing services and the production and sales of print and dye textile products.

Looking at this performance,

Listed on Sept 2006, IPO price 0.27 SGD
Turnover : 610M RMB (decrease 10M RMB compare to last year)
Net profit : 75M RMB ( increase 7.9%)
Total Number of Shares : 384M
PE : around 5
Div % : 4%

At this point of time, i wont say ChinaPDye ( China Printing & Dyeing ) is a gem ( as turnover decrease ) but TA wise, it show a strong reverse signal.

I have contel ,courage marine in my list, so i am not vested at this one yet.

Today closed at 0.23 with high volume done. The uptrend seems in progress.