Tuesday, 20 May 2008


Biosensors seemed to be showing interesting signs of a potential rebound. First target is 78c-80c and second target is 85c-90c and the cut loss is around 67c. Results will be out on 26 May and based on the UBS report, the results for year ended 31 March 2008 is likely to be a loss of US$28 million. There are 4 analysts that issued reports in 2008:

13 May 08 Citigroup $1.13
23 Apr 08 OCBC $1.23
22 Apr 08 UBS $1.25
4 Apr 08 Credit Suisse $1.20

While i have never like the Fundamentals of this Company, the Technicals are actually looking quite good.

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