| Latest Forum Topics / China Yuanbang Last:0.152 -- |
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Chinese Yuanbang - yuanbao?
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AnthonyTan
Elite |
10-May-2007 15:38
Yells: "patience" |
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China Yuanbang risks losing it all - by Nurwidya Abdul dated 09 May 2007. Did anybody read this report in SJ.Would be interested to know further with regards to this. Tks. |
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zhirong_thann
Member |
10-May-2007 11:39
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Rising slow and steady. Should be able to near $0.48-$0.5 soon. Last price at $0.465. 'Yuanbao' go |
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zhirong_thann
Member |
09-May-2007 23:29
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Today's resistance point is at $0.45 but after a long battle, it hit $0.455 and close at $0.45. If all goes well for the Dow, the price should hit $0.50 tomorrow. Anyone has anything to share? TA-We could see a rebound off the 3410-3420 range. Readers could lighten position at current levels or wait for a bounce off the 3410-3420 range. |
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zhirong_thann
Member |
09-May-2007 16:54
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Thanks EasternBay. To clownzee, dun worry cos today mkt sentiment not so good in first half but rebounded at 2nd half. In fact I bought a bit more and intend to hold it for a while. |
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EastonBay
Master |
09-May-2007 16:44
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zhirong, wah, not bad huh? First IPO tikam, got it. Some more up by 10% from offer price. Keeping it as sourvenir?  Best wishes!
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EastonBay
Master |
09-May-2007 16:41
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according to DMG, the offer price is at a discount of 25% to its RNAV. (not an inducement to buy) You may want to susbstantiate the number by looking at the prospectus b4 investing. China Yuanbang's stock is being offered at a 25 per cent discount to its revalued net asset value - considered a better measure for property stocks - compared with 5 per cent or less for the three other China-based property companies listed here. The company has grown strongly in the past three years. Top-line revenue has expanded at a compounded annual rate of 38 per cent, while profit leapt 142% per year. According to the management, this can be sustained for the foreseeable future. The company has locked in our one million sq m land bank about three years ago at much lower prices than what it is priced in the market today.
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clownzee
Member |
09-May-2007 15:54
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In this counter too. Hopefully what you said will come true and the BBs will drive it up. |
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zhirong_thann
Member |
09-May-2007 12:04
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Potentia to rise further. Small investors like me try to tahan if possible cos the BB are accumulating from the trend |
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EastonBay
Master |
09-May-2007 09:49
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Extract from Phillips Research: Morning Note 9may07 China Yuanbang Property Holdings Ltd will start trading on the Singapore Exchange today.
The property developer said its initial public offering of 150 mln shares priced at 0.40 sgd each was 11 times subscribed. The IPO comprised of a retail tranche of 5 mln shares and a placement tranche of 145 mln. Given the strong interest, China Yuanbang said it has exercised its overallotment option of 30 mln new shares. The company expected to raise about 44.1 mln sgd in net proceeds, and said it will use 26 mln for land acquisitions, 9 mln to fund construction costs of its projects, and the balance for general working requirements. Currently, the firm is building a residential and commercial property in Guangzhou slated for completion in July. It also has land reserves with a gross floor area of 463,513 square meters in Guangzhou, where it intends to develop three properties over the next three years. Last year, China Yuanbang posted net profit of 40.5 mln yuan on sales of 170.8 mln. |
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EastonBay
Master |
09-May-2007 09:22
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Some key info to kick off this thread, for future references: Invitation in respect of 150,000,000 Invitation Shares comprising 120,000,000 new shares and 30,000,000 Vendor Shares as follows: a) 5,000,000 offer shares at $0.4 for each offer share by way of public offer; and b) 145,000,000 placement shares at $0.4 for each placement share by way of placement. IPO Date: 09 May 2007 Opened at $0.45 |
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