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SIE 6.5¢

looks oversold

  1. arthur

    7,397 posts.
    SIE

    Some pretty heavy selling lately by some large shareholders has knocked SIE down considerably

    With a strong buyer support level in the market depth at 6.3c ,

    A bounce off this level to support this company that looks like having a good increase in profits in the future could be possible.

    Has anybody seen any projected sales figures for the future on SIE .

    Thanks




    ****************************************



    Ceasing to be a substantial holder

    SCIGEN LIMITED 2003-02-17 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    AMP Limited ceased to be a substantial shareholder in SciGen Limited on 12/02/2003

    _____________________________________
    .

    AMP Life Limited Holding was 6,575,350 2.51
    ____________________________________________

    Ceasing to be a substantial holder from CBA

    SCIGEN LIMITED 2002-12-13 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Commonwealth Bank of Australia ceased to be a substantial shareholder
    in Scigen Limited on 10/12/2002.

    ______________________________________________
    Becoming a substantial holder from CBA

    SCIGEN LIMITED 2002-11-21 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Commonwealth Bank of Australia became a substantial shareholder in
    Scigen Limited on 15/11/2002 with a relevant interest in the issued
    share capital of 42,876,308 fully paid ordinary shares (8.92%).
    ******************************************




    SCIGEN LIMITED - CHESS DEPOSITARY INT


    SCIGEN LIMITED was admitted to ASX Friday, 15 Nov 2002.

    Official Quotation of the following securities on a deferred
    settlement basis will commence at 12:30pm EDST on Friday, 15 November
    2002.

    232,243,574 ordinary shares fully paid issued at $0.20 per unit
    Pharmaceuticals & Biotechnology Capital $19





    Wednesday January 22,
    INTERVIEW: Siemens Medical Sees Faster Growth In China
    By Ramoncito dela Cruz


    SHANGHAI (Dow Jones)--Siemens Medical Solutions Group expects sales in China to grow more than 30% in the coming years as demand for better health care increases along with rising household incomes, senior executives of the Siemens AG (G.SIE) unit said Wednesday.



    "In the past three to five years, we have been growing by 30% per year (in China)...and we will be growing faster than 30% going forward," F. Steven Feinberg, general manager of Siemens Medical Solutions in China, told Dow Jones Newswires.

    Feinberg declined to say how much revenue his group, which sells medical equipment from hearing aids to computer tomography or CT scanners, generated last year.

    But Siemens Medical corporate vice president Gotz Steinhardt said China is the group's fastest growing market amid a slowdown in other major markets.

    Last year alone, the company tripled the number of its sales agents in China, as more hospitals and research institutes were investing heavily in advanced medical technology.

    "There's a tremendous pressure by the Chinese government for hospitals to improve the quality of health care," Feinberg said, adding that the entry of private clinics is also expected to boost sales.

    Richard Hausmann, president of Siemens' CT division, said Chinese themselves are demanding better health care, especially the burgeoning middle-class who are willing to shell out more money for better diagnosis and therapy.

    Seeking More Opportunities

    Hausmann said Siemens has developed a new CT scanner especially for the Chinese market, complete with Chinese language interface, in its 75%-owned Siemens Shanghai Medical Equipment Co. Ltd.

    As part of its expansion in China, Siemens Shanghai Medical has moved its facility to a larger area in the city's Pudong New Area. The new facility will also manufacture X-ray systems and other components for other medical equipment soon.

    Siemens Medical has invested EUR50 million so far in China.

    Aside from its Shanghai operations, it has a service and support center in Beijing, a hearing aid plant in Suzhou and a magnetic resonance imaging, or MRI, system plant in Shenzhen.

    Steinhardt said Siemens will continue to look for more business opportunities in China, including setting up more joint ventures to produce more types of imaging medical systems.

    Aside from medical equipment, Siemens Medical also offers information technology solutions for hospitals.

    Officials said sales of such solutions are also expected to increase in the coming years as more Chinese hospitals modernize their operations.







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