| Latest Forum Topics / China XLX Fert |
 Post Reply
|
|
China XLX Fertiliser Limited
|
|
|
lucky168
Veteran |
09-Dec-2007 13:36
|
|
x 0
x 0 Alert Admin |
may pullback to $1.10 before resuming climb... anyway like wat i had said, anything below $1 the risk/reward lies favourable to us! |
| Useful To Me Not Useful To Me | |
|
dinghoki
Member |
06-Dec-2007 15:08
|
|
x 0
x 0 Alert Admin |
Hi, Chinsc, sorry, should be TPA, Target Price Analysis. :) |
| Useful To Me Not Useful To Me | |
|
|
|
|
chinsc
Member |
06-Dec-2007 15:00
|
|
x 0
x 0 Alert Admin |
Hi Dinghoki, may I know what is TA? Thanks. |
| Useful To Me Not Useful To Me | |
|
dinghoki
Member |
06-Dec-2007 14:50
|
|
x 0
x 0 Alert Admin |
Today's performance is very good. Heard from my bloker new analyzed TA would be released. Cheong ah! |
| Useful To Me Not Useful To Me | |
|
jasonfaxingliu
Senior |
01-Dec-2007 14:00
|
|
x 0
x 0 Alert Admin |
hope it will shot up to its target after cosco upward trend |
| Useful To Me Not Useful To Me | |
|
|
|
|
lucky168
Veteran |
30-Nov-2007 22:23
|
|
x 0
x 0 Alert Admin |
this xlx is good for any px <$1 |
| Useful To Me Not Useful To Me | |
|
dinghoki
Member |
29-Nov-2007 17:20
|
|
x 0
x 0 Alert Admin |
jasonfaxingliu, you need to read the source carefully. OW means over weight, new target price is 1.30$. Then upward trend or downard tread? So clear ...... (Of course, this is only a analysis and prediction.) |
| Useful To Me Not Useful To Me | |
|
jasonfaxingliu
Senior |
29-Nov-2007 15:37
|
|
x 0
x 0 Alert Admin |
what does that imply ! upward trend? should be and should be strong in the next few days |
| Useful To Me Not Useful To Me | |
|
|
|
|
Pinnacle
Master |
29-Nov-2007 14:57
|
|
x 0
x 0 Alert Admin |
JPMorgan - Nourishing the vast lands of the PRC ? We initiate with OW and Jun-08 PT of S$1.30: China XLX Fertiliser Ltd (XLX) is the largest coal-based producer of urea and compound fertiliser in Henan and 12th largest in the PRC. With two production plants in Henan, the company has annual production capacities of 680k/300k/100k tpa for urea, compound fertiliser and menthol respectively. ? Serving the largest fertiliser market in the world: China consumes more than 30% of the world?s fertiliser?the largest in the world. We believe the company will deliver strong earnings, underpinned by its capacity expansion in FY07 and increased production efficiency by attaining self-sufficiency in electricity and lower transport costs in FY08-09. ? Potential share price drivers: (1) Acquisition of urea producers in Henan and Shandong regions. (2) Deregulation of the chemical fertiliser industry, leading to higher urea and menthol prices in China. (3) Favorable government policies for coal-based producers of Urea. ? Attractive valuation to peers: Our Jun-08 price target of S$1.30 is based on 15x FY08E P/E, a 29% discount to Chinese coal-based urea producers, which trade at an average multiple of 21.2x. Our price target implies a 39% potential share price upside. The key risks to our price target are: (1) drop in urea and methanol prices; (2) coal and electricity price fluctuations; and (3) acquisitions at a premium, leading to an earnings dilution. |
| Useful To Me Not Useful To Me | |