Stock Market News : CNMC Goldmine’s expected loss in 4Q a ‘minor blip’

Image result for CNMC

DBS Group Research is optimistic about CNMC Goldmine Holdings despite the company expecting to report a net loss for the 4Q ended Dec 31, 2016.

The research house is keeping CNMC at “buy” with a target price of 65 cents.

In a profit guidance filing on SGX on Jan 13, CNMC says this is mainly due to unrealised foreign exchange losses due to the depreciation of the ringgit against the US dollar, as well as a decline in revenue as a result of lower ore grades.

SGX Market Hot Stock of the Day:

  • QIAN HU
  • GLOBAL LOGISTIC
  • SPACKMAN
  • FU YU

So Earn More These Stock are profitable for Intraday & Contra Day Trader.

Our Stock Recommendations :
SGX INTRADAY SIGNAL: SG INTRADAY  CALL: BUY FU YU AT 0.205 TARGET 0.215, 0.225 SL 0.190 ….

Get Live Stock Signals with us – www.equityprofit.com

More update like – Hot Stock Tips ,Hot Stock Picks ,Equity Tips Provider ,Stock Investment Picks & Share Investment Singapore . . . . 

Trading Signal Provider

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s