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Latest Forum Topics / China Mining    Last:0.037 --  Post Reply
Neglected, Illiquid, Undervalue, Recovery counter.
Hulumas
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07-Feb-2011 11:06     
 
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 Alert Admin 		0 volume transaction today?
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Hulumas
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06-Feb-2011 19:11     
 
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 Alert Admin 		I start buying again this counter!

hamster83      ( Date: 28-Jul-2010 11:24) Posted:

I was looking at your recommendation and was considering to buy. However, looking at the annual report, this company looks highly leveraged (Operationally) and high in business risk (Demand based on 2nd tier cities). Not vested myself and I do not do short (esp for illiquid counters). Basically this stock is illiquid also. Even though the charts looks like the share price has bottomed out, myself preferably remain as not vested. Do let me know if you saw any further under valued companies.
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Hulumas
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12-Aug-2010 15:58     
 
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 Alert Admin 		Be ready, SUNSHINE is about to fly within this few days!

hamster83      ( Date: 28-Jul-2010 23:00) Posted:



Well, since you bought, just hold it I guess. I am expecting a china wave to come in the 2nd half of the year 2010 since the correction already take place in first half of 2010. Probably, you can target for short term profit. Probably you can set a time frame for holding. Just do not hold this for long term. A correction to what I said earlier. First quarter sales is CNY 34.6million Yuen. Sales Turnover is a important indicator for this company for the subsequent quarters. If the property market continues to be red hot in China, well probably you can make some very good gains. The reverse will also be true. Do not worry too much as I think the share price for this stock is near bottom.

As mentioned earlier, I am expecting a china wave to come. Probably you can make some short term quick profit by offloading at before the next correction. Personally I do not invest in high risk stock. Not vested personally.

Personally I do like your recommendation of China Bearings. Do not expected major change in revenue. Just betting on correction based on its NAV. Low risk and potential gain.
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Hulumas
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29-Jul-2010 11:17     
 
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During the CHINA JISHAN previous AGM,

Adding up comments to your points:

1. They have arranged revolving for future extention loans from several Banks in China. (Pre agreeable for future extention loans while contracting the first opening servicing loan in the first place)

2.Currently about 83% of CHINA JISHAN revenue is generated locally/domestically, hence, currecy risk is not much playing an important rule.

3.The new factory production capacity is more than double the previous old factory production capacity, sudden increament in administrative cost is rational and not a big issue.

All the above facts and figures, I have personally investigated and checked during my courteous visit to their old and new factories and main office operation. Hope this information will subside your worry.



hamster83      ( Date: 28-Jul-2010 23:38) Posted:



With regards to China Jishan. I am pretty much neutral abt the stock. The revenue growth looks good and is worth vested. Share price looks fairly valued. Think it is pretty much a growth company and with a new factory, they can generate larger sales. Will not go into the good points. However, just to point out several risk points you will have to take note if you are a long term investor based on the annual report.

1. Financing. They arrange for a new factory. Take note of the large increase in the payables. However they are financing a long term asset with short term loans. Will have to see how they are arranging to finance this large payment. Based on the current cash holdings. They are unable to pay off. Wondering how they intend to finance. ( long term or short term) or equity (rights issues or private placement)

2. Exchange rate. I do not really know their business nature or the geographical segmentation of ther sales revenue. However, generally the textile industry is affect by CNY/USD rate due to its highly export reliance. Any revaluation of yuen upwards might reduce its gross margin if they have to cut prices. But I doubt Yuen will increase much.

3. Increase in administrative cost requires further investigation. 2 fold jump. what is the reason for the large increase? They mentioned that it is due to the increase in administrative staff. But this description is pretty vague. 2 times the number of staff, or the staff cost is increasing rapidly?
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Hulumas
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29-Jul-2010 10:58     
 
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 Alert Admin 		Thank you very much for your wise analysis of Sunshine Holding. I 'll go accordingly to what you said. China Bearing I 'll keep buying then!

hamster83      ( Date: 28-Jul-2010 23:00) Posted:



Well, since you bought, just hold it I guess. I am expecting a china wave to come in the 2nd half of the year 2010 since the correction already take place in first half of 2010. Probably, you can target for short term profit. Probably you can set a time frame for holding. Just do not hold this for long term. A correction to what I said earlier. First quarter sales is CNY 34.6million Yuen. Sales Turnover is a important indicator for this company for the subsequent quarters. If the property market continues to be red hot in China, well probably you can make some very good gains. The reverse will also be true. Do not worry too much as I think the share price for this stock is near bottom.

As mentioned earlier, I am expecting a china wave to come. Probably you can make some short term quick profit by offloading at before the next correction. Personally I do not invest in high risk stock. Not vested personally.

Personally I do like your recommendation of China Bearings. Do not expected major change in revenue. Just betting on correction based on its NAV. Low risk and potential gain.
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hamster83
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28-Jul-2010 23:38     
 
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With regards to China Jishan. I am pretty much neutral abt the stock. The revenue growth looks good and is worth vested. Share price looks fairly valued. Think it is pretty much a growth company and with a new factory, they can generate larger sales. Will not go into the good points. However, just to point out several risk points you will have to take note if you are a long term investor based on the annual report.

1. Financing. They arrange for a new factory. Take note of the large increase in the payables. However they are financing a long term asset with short term loans. Will have to see how they are arranging to finance this large payment. Based on the current cash holdings. They are unable to pay off. Wondering how they intend to finance. ( long term or short term) or equity (rights issues or private placement)

2. Exchange rate. I do not really know their business nature or the geographical segmentation of ther sales revenue. However, generally the textile industry is affect by CNY/USD rate due to its highly export reliance. Any revaluation of yuen upwards might reduce its gross margin if they have to cut prices. But I doubt Yuen will increase much.

3. Increase in administrative cost requires further investigation. 2 fold jump. what is the reason for the large increase? They mentioned that it is due to the increase in administrative staff. But this description is pretty vague. 2 times the number of staff, or the staff cost is increasing rapidly?
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hamster83
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28-Jul-2010 23:00     
 
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Well, since you bought, just hold it I guess. I am expecting a china wave to come in the 2nd half of the year 2010 since the correction already take place in first half of 2010. Probably, you can target for short term profit. Probably you can set a time frame for holding. Just do not hold this for long term. A correction to what I said earlier. First quarter sales is CNY 34.6million Yuen. Sales Turnover is a important indicator for this company for the subsequent quarters. If the property market continues to be red hot in China, well probably you can make some very good gains. The reverse will also be true. Do not worry too much as I think the share price for this stock is near bottom.

As mentioned earlier, I am expecting a china wave to come. Probably you can make some short term quick profit by offloading at before the next correction. Personally I do not invest in high risk stock. Not vested personally.

Personally I do like your recommendation of China Bearings. Do not expected major change in revenue. Just betting on correction based on its NAV. Low risk and potential gain.
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Hulumas
Supreme
28-Jul-2010 14:57     
 
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 Alert Admin 		Your posting is too late, today I get >1,000 lots done. What shall I do? Keep holding?

hamster83      ( Date: 28-Jul-2010 11:24) Posted:

I was looking at your recommendation and was considering to buy. However, looking at the annual report, this company looks highly leveraged (Operationally) and high in business risk (Demand based on 2nd tier cities). Not vested myself and I do not do short (esp for illiquid counters). Basically this stock is illiquid also. Even though the charts looks like the share price has bottomed out, myself preferably remain as not vested. Do let me know if you saw any further under valued companies.
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Hulumas
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28-Jul-2010 12:24     
 
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 Alert Admin 		How about CHINA JISHAN?

hamster83      ( Date: 28-Jul-2010 11:24) Posted:

I was looking at your recommendation and was considering to buy. However, looking at the annual report, this company looks highly leveraged (Operationally) and high in business risk (Demand based on 2nd tier cities). Not vested myself and I do not do short (esp for illiquid counters). Basically this stock is illiquid also. Even though the charts looks like the share price has bottomed out, myself preferably remain as not vested. Do let me know if you saw any further under valued companies.
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Hulumas
Supreme
28-Jul-2010 12:23     
 
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 Alert Admin 		It is noted what you said. I have done accordingly. Thank you.

hamster83      ( Date: 28-Jul-2010 11:24) Posted:

I was looking at your recommendation and was considering to buy. However, looking at the annual report, this company looks highly leveraged (Operationally) and high in business risk (Demand based on 2nd tier cities). Not vested myself and I do not do short (esp for illiquid counters). Basically this stock is illiquid also. Even though the charts looks like the share price has bottomed out, myself preferably remain as not vested. Do let me know if you saw any further under valued companies.
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hamster83
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28-Jul-2010 11:24     
 
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 Alert Admin 		I was looking at your recommendation and was considering to buy. However, looking at the annual report, this company looks highly leveraged (Operationally) and high in business risk (Demand based on 2nd tier cities). Not vested myself and I do not do short (esp for illiquid counters). Basically this stock is illiquid also. Even though the charts looks like the share price has bottomed out, myself preferably remain as not vested. Do let me know if you saw any further under valued companies.
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Hulumas
Supreme
27-Jul-2010 15:44     
 
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 Alert Admin 		Are you still on sell position with Sgd. 0.07? Despite any bad news and negative suspicion, why market won't do selling < Sgd. 0.07, as such I 'll get as much as I can at Sgd. 0.07?

hamster83      ( Date: 27-Jul-2010 01:29) Posted:



Doubt it is a counter worth buying. Even though its net asset value is 17.43 cents. I believe this figure is highly over-rated. Take note that the annual report is not audited by auditors. How the company is valuing its assets is really subjected. What I do notice that the annual reported stated is that total completed properties for sale are worth 338million Yuen. And Properties under development of 823million Yuen. However total sale for the year is only CNY 34.6million Yuen. 2 concerns - How are they going to offload their properties into cash, second, why are they continuing to develop more properties when they are unable to sell them.

More importantly. Net cash for the year is negative and they have substantial liabilities for the next few years. Without a strong operating cash flow, they would probably face a liquidty issue a few years down the road. Expect Rights or Bonds Issues etc.

Definately not vested for. Unless there is really a very strong demand for its properties in 2nd tier city. This company has a very high operating leverage. With the slowdown in China economy to be expected, things are looking bad for this company
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hamster83
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27-Jul-2010 01:29     
 
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Doubt it is a counter worth buying. Even though its net asset value is 17.43 cents. I believe this figure is highly over-rated. Take note that the annual report is not audited by auditors. How the company is valuing its assets is really subjected. What I do notice that the annual reported stated is that total completed properties for sale are worth 338million Yuen. And Properties under development of 823million Yuen. However total sale for the year is only CNY 34.6million Yuen. 2 concerns - How are they going to offload their properties into cash, second, why are they continuing to develop more properties when they are unable to sell them.

More importantly. Net cash for the year is negative and they have substantial liabilities for the next few years. Without a strong operating cash flow, they would probably face a liquidty issue a few years down the road. Expect Rights or Bonds Issues etc.

Definately not vested for. Unless there is really a very strong demand for its properties in 2nd tier city. This company has a very high operating leverage. With the slowdown in China economy to be expected, things are looking bad for this company
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Hulumas
Supreme
26-Jul-2010 11:37     
 
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 Alert Admin 		It start brewing today . . . Can you see!

Hulumas      ( Date: 25-Jul-2010 16:57) Posted:

Next target should be > Sgd. 0.10 .

Hulumas      ( Date: 20-Jul-2010 13:34) Posted:

Market price is running too low . . . that is why illiquid! So I keep queueing this counter too.
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Hulumas
Supreme
25-Jul-2010 16:57     
 
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 Alert Admin 		Next target should be > Sgd. 0.10 .

Hulumas      ( Date: 20-Jul-2010 13:34) Posted:

Market price is running too low . . . that is why illiquid! So I keep queueing this counter too.



Hulumas      ( Date: 14-Jul-2010 17:47) Posted:

A sign of penny S chips BOOM is on the card!
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Hulumas
Supreme
20-Jul-2010 13:34     
 
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Market price is running too low . . . that is why illiquid! So I keep queueing this counter too.



Hulumas      ( Date: 14-Jul-2010 17:47) Posted:

A sign of penny S chips BOOM is on the card!

Hulumas      ( Date: 23-Jun-2010 15:21) Posted:

<Sgd. 0.10 just keep buying, it should be multifold rewardful within next two to three years!
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Hulumas
Supreme
14-Jul-2010 17:47     
 
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 Alert Admin 		A sign of penny S chips BOOM is on the card!

Hulumas      ( Date: 23-Jun-2010 15:21) Posted:

<Sgd. 0.10 just keep buying, it should be multifold rewardful within next two to three years!
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Hulumas
Supreme
23-Jun-2010 15:21     
 
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 Alert Admin 		<Sgd. 0.10 just keep buying, it should be multifold rewardful within next two to three years!
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