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14-Oct-2010 14:24

China New Town / ChinaNTown

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GET BACK TO 80c IPO PRICE LEI!!!

CHINA NEW TOWN DEVELOPMENT is just 10 days or so from being dual-listed on the Stock Exchange of Hong Kong

“The Company is currently targeting a listing of the Shares by way of introduction on or about 22 October,” it said last night.

It added the usual caveat that the proposed listing is subject to, among others, the approval of the SEHK and relevant authorities.

The market appears to expect that the listing will materialize. Since Sept 21, which is about three weeks ago, the stock price has surged 48%, from 11.5 cents to 17 cents yesterday.

This despite a loss-making second quarter to the tune of RMB83.15 million, as announced on Aug 13.

China New Town’s operational results are mainly driven by the frequency and achieved selling prices of public auction of land use rights.

In Q2 2010, owing to a lack of sale of land use rights, it suffered a loss.

L-R: Stan Yue, co-vice chairman, Li Yao Min, co-vice chairman & CEO, China New Town

Another business segment is the leasing of commercial property including hotel and investment properties: This segment improved 26% to a total of RMB 34.80 million in 2Q compared to RMB 27.65 million for Q2 2009.

Beyond the quarter to quarter fluctuation in its financial results, the value of China New Town lies in its land bank which it has acquired and prepared for auction and subsequent development.

China New Town is directly engaged in the urbanization process by building new towns in the suburbs of major economic centers. This is in line with the central government’s urbanization strategy, and China New Town is not the target of recent regulatory tightening in the property sector to rein in property prices.

In all of its new town development projects, the company has always been helping the relocated locals with housing, social welfare and employment opportunities.

As noted earlier, the financial results of China New Town hinge largely on whether it has land parcels available for public listing.

The 3Q results will have lots of revenue coming in, because on 4 August 2010, the company handed over the F1-4 and F1-6 from its Luodian Project for public listing.

The land parcels were sold at RMB 522.5million and RMB1,377.3 million respectively, which is equivalent to RMB20,948 per square metres in terms of gross floor area.

This represents an increase of 129% from the last achieved price of RMB9,128 per square metres in Sept 2009.

China New Town has said that the land sale is expected to contribute revenue of approximately RMB1.1 billion and gross profit of RMB770 million to its 3Q results.

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14-Oct-2010 14:10

Viking Offshore / NOVENA bot a warehouse 98, Pasir Panjang. 13.5mil

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look @ the accumulation @ 20c..

gettin ready for the triumph push up bra..

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14-Oct-2010 13:58

Sinomem / SINOMEM 'remains under-valued and mispriced'

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added more positions to sinomem..

below NAV, technically oversold..

vested more @ 50.5

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14-Oct-2010 13:53

Yanlord Land / Lord of China Prop

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yanlord darling is taking a breather..

i also feel like cutting my positions in YL..i'm breaking up with u..

sold 1.78 ~5% contra gain..

gd luck to those vested.. wanna buy the heavy weight IPOs

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14-Oct-2010 13:47

Citic Envirotech / United Envirotech

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yo alex.. one tip..

i'm always one step ahead of u..

by the time u do ur recommendation .. there's little meat left.. risk/reward ratio has changed..

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14-Oct-2010 10:30

Viking Offshore / NOVENA bot a warehouse 98, Pasir Panjang. 13.5mil

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i like to move it move it..

i gotta feeling..it's gonna move..upwards :)

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14-Oct-2010 10:04

Citic Envirotech / United Envirotech

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50.5!!! oh yeah!! bring it on!

ozone2002 ( Date: 13-Oct-2010 15:08) Posted:

good vol..technically oversold..

vested 48c

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14-Oct-2010 09:58

Ezra / Ezra

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move ur fat ass!! 1.81!! oh yeah!

ozone2002 ( Date: 13-Oct-2010 14:32) Posted:

activity detected...

time for a quickie..

vested 1.78

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13-Oct-2010 21:43

Viking Offshore / NOVENA bot a warehouse 98, Pasir Panjang. 13.5mil

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gd luck to me! and the viking faithfuls.. =)

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13-Oct-2010 17:23

Yanlord Land / Lord of China Prop

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oh baby u made passionate love today

reached orgasm @ 1.8.. oh oh oh.

waiting for part II tomorrow..kiss kiss

ozone2002 ( Date: 12-Oct-2010 14:16) Posted:

Reversal detected..

vested 1.7

gd luck!

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13-Oct-2010 16:06

Viking Offshore / NOVENA bot a warehouse 98, Pasir Panjang. 13.5mil

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when utdenviro chiong.. guess who will follow suit :)

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13-Oct-2010 15:27

Sinomem / SINOMEM 'remains under-valued and mispriced'

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with Utdenviro moving, and this baby below nav 53c..

vested 50.5 for a quickie

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13-Oct-2010 15:08

Citic Envirotech / United Envirotech

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good vol..technically oversold..

vested 48c

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13-Oct-2010 14:54

Golden Agri-Res / GoldenAgr

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pump into wilmar.. all palm oil counters moved except for wilmar..

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13-Oct-2010 14:46

Yanlord Land / Lord of China Prop

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1.77..baby u make me happy :)

ozone2002 ( Date: 12-Oct-2010 14:16) Posted:

Reversal detected..

vested 1.7

gd luck!

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13-Oct-2010 14:32

Ezra / Ezra

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activity detected...

time for a quickie..

vested 1.78

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13-Oct-2010 09:35

China New Town / ChinaNTown

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TOP TOP TOP vol..

break 18c!! faster!!!

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13-Oct-2010 09:30

Yanlord Land / Lord of China Prop

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1.75!! i love u baby!!

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12-Oct-2010 16:07

Yanlord Land / Lord of China Prop

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1.72.. pls chiong for daddy :)

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12-Oct-2010 14:16

Yanlord Land / Lord of China Prop

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Reversal detected..

vested 1.7

gd luck!

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