Wednesday, May 18, 2011
Sunmart
Sunmart: Co has decided to postpone dual listing on KRX due to unfavourable mkt conditions in Korea. It may submit a fresh listing application in the future. Co trades at current P/E of 6.1x. Closing price of Sunmart $0.135 on low volumes, counter has broken 200 day MA and is in a strong downward trend. Interest, reflected in trading volume, appears to have faded from counter.
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