GX Mainboard-listed Yamada Green Resources
Limited ("Yamada", or "the Group" or "山田绿色资源有限公司"), a major supplier of
self-cultivated edible fungi as well as a manufacturer and distributor of processed
food products in Fujian Province, People's Republic of China ("PRC"),

Yamada profit down 45%

FY2013 revenue decreased by 8% to approximately RMB509.2 million
 Overall average unit selling price of self-cultivated fresh shiitake mushroom
for FY2013 was maintained at the same level compared to FY2012
 Lower gross profit margin for FY2013 attributable to rising cost of raw
materials whereas average selling price of shiitake mushrooms did not rise
in tandem
 Self-cultivated edible fungi products contribution accounted for
approximately 70% of the Group's revenue in FY2013

taken from : http://www.yamada-green.com/newsroom/29_aug_2013_YGRL_FY2013_Media_Release_290813.pdf

Yamada Technical Chart

Technically, Yamada is breaking down form a large descending triangle, the neckline is at 0.22 . According to Investopedia,the most common price targets are generally set to equal the entry price minus the vertical height between the two trendlines. The price projection based on the descending triangle is 0.12 . You can also see a video here on how to trade the descending triangle here >> http://www.youtube.com/watch?v=IFhLteZuNgE

The post Yamada profit -45% – Price projection is 0.12 which is 39% below current price 0.198 appeared first on Singapore Stock Analysis | Opening Trading Account | Collin Seow.