Monday, July 18, 2011

TSH

TSH: Could see some negative sentiments, after Co. warned that the group is expected to report a net loss for 1H11, as a result of a decline in rev and other income. Decrease in revenue mainly due to a delay in launching new products and a lower level of materials supplied. There was also the absence of gains from the disposal of financial assets, which had amounted to $0.6m for 1H10.

Technically, see support at recent 2011 year low at $0.135 followed by 1 yr low at $0.12.

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