Fuxing’s share price dipped 12% after good results
Fuxing announced its 4QFY10 results on 1 Mar 11, after trading hours. Despite a good set of results, Fuxing has slid 12% from $0.170 on 1 Mar 11 to $0.150 on 11 Mar 11 on lower than average volumes (except for one day – 7 Mar 11). So what constitutes the fall in the share price? Some potential “reasons” to the drop in share price Besides the poor market sentiment relating to S chips (especially after the audit issues on China Hongxing and Hongwei etc), I shall hazard some guesses to the reasons why there is a drop in Fuxing’s […]