Skip to main content

January 2007 Pick o' the Month - PacificNet (PACT)

With this month's pick I am continuing a trend of identifying lesser-known stocks that are undergoing a reversal and appear to be moving up.

Stock markets have been red hot in China and India for the past year. This month's pick is a Chinese stock, PacificNet (PACT). The TradeRadar BUY signal was first flashed on 12/19/06 at $5.23. Since then, the stock has seen more good news and has moved up to $6.18 as of the last trading day of 2006. To see this TradeRadar BUY signal, click here. Note that the signal strength is pretty decent and the signal shape is quite well-defined. This leads me to believe we have a real reversal underway and that the newly established trend upward will continue. PACT has exhibited plenty of volatility over the years though so I am sure the path upward will not be smooth.

PACT had recently taken a hit as a result of taking charges for exiting a business segment related to telecommunications. They are continuing with their involvement in providing CRM products and services for large companies doing business in the Asia-Pacific region. They currently have a roster of clients that includes Motorola, Nokia, HSBC, American Express and China Telecom.

More significantly, they are now concentrating on electronic gaming in the region, especially Macau, and have recently landed some contracts from major casinos there. This upswing in business activity is lending credence to the message management gave concerning focusing the company on areas of higher growth. Macau is projected to surpass Las Vegas in total gambling revenue within a year or two and, in anticipation of this, PACT has established an office in Macau which, it appears, is already beginning to yield fruit.

PacificNet employs over 1,400 people in its various subsidiaries throughout China with offices in Hong Kong, Beijing, Shenzhen, Guangzhou, Macau, and branch offices in 28 provinces in China. It is headquartered in Beijing and Hong Kong.

Comments

Popular posts from this blog

Running TradeRadar on Windows 7 and Windows 8

Development of the original TradeRadar Stock Inspector software was begun back in the days before Windows 7 and Windows 8 were available.

As these newer versions of Windows have become more popular, we have heard from some users that they are having problems installing and running TradeRadar on their newer PCs.

The good news is that TradeRadar will work just fine on Windows 7 and Windows 8. All you have to do is adjust the Windows Compatibility Settings to ensure TradeRadar runs as intended.

It is recommended that you can apply Compatibility Settings when running the initial installation; however, it is also possible to apply Compatibility Settings after the program has been installed.

Prior to installation
After downloading the install program, go to the folder where you have stored the TradeRadarStkInsp_7_Setup.exe or TradeRadarStkInsp_7_PRO_Setup.exe executable. Right-click on the executable file and select Properties. Click the Compatibility tab. Adjust the Compatibility mode to …

Durable Goods report for Sept just so-so but Computer segment is on fire

The Durable Goods advanced report for September 2011 was released on Wednesday.

I like to dig into the Durable Goods report because it can be useful for seeing how tech in aggregate is performing and how the sector may perform in the future. I always focus on two particular measures: shipments and new orders. Let's see how it played out last month.

Shipments -- 

I generally give less importance to Shipments since this is a backward looking measure reflecting orders that have been confirmed, manufactured and shipped. It's similar to earnings reports -- it's good to know but the data is in the past and we're more interested in the future. The following chart shows how September shipments looked for the overall tech sector:


Results for the overall tech sector were a bit weak but take a look at the next chart which tracks the Computers and related products segment:


Results here were actually quite good and, to make things even better, the previous month was revised upward.

N…

Alert HQ has moved!

End of an era!

This site was started way back in 2006/2007 to showcase my blog posts and the Alert HQ buy signals and sell signals. Alert HQ grew to include other kinds of stock alerts including Swing Signals, Trend Busters, Trend Leaders, Cash Flow Kings and more.

In the meantime, I built a sister site, TradingStockAlerts.com and I started using some of the same Alert HQ content over there. As a result, I am discontinuing the Alert HQ data here at Trade-Radar.com

The good news, however, is that all the Alert HQ signals and stock screens are still completely free. In addition, the pages have been enhanced so that you can hover over a stock symbol and a small chart will pop up so you can get a quick look at the stock's recent price action. If you click on a symbol it will take you to a page with plenty of financial and technical analysis information (still free!) as well as a larger chart that you can play with in terms of adding or deleting indicators, moving averages, etc.

Click …