| Latest Forum Topics / China Essence |
 Post Reply
|
|
China Essence
|
|||
|
daniel2356
Member |
08-Oct-2009 11:33
Yells: "Easy Going" |
||
|
x 0
x 0 Alert Admin |
It seems like Potatoes are not popular with us anymore and BBs are not interested to eat it as thier supper at least
|
||
| Useful To Me Not Useful To Me | |||
|
ezy123
Member |
10-Sep-2009 14:44
|
||
|
x 0
x 0 Alert Admin |
I have added another 5 lots at 0.215 cents. I feel it is a good buy. This would average out my earlier purchase of 10 lots at 0.235 cents. The chart looks flat and the stock looks volatile do not panic if it deeps at 0.19 cents that what happen to me few weeks back when i sold at a loss. However I have made a gain back, buying into China Eratat and sold it at 0.215 cents. I am now using a buy and sell technique on this counter. Buy low Sell high it still makes small money. On this counter i am aiming at 0.26 cents can it happen 
regards ezy Global Penny News : www.stockkit.info Todays Singapore Penny Links http://www.stockkit.info/singapore-penny-stocks.php |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
ezy123
Member |
26-Aug-2009 01:30
|
||
|
x 0
x 0 Alert Admin |
The Chart still looks flat for China Essense; Few days back i was worried when the counter hit 0.19 cents unload a portion of my shares. My guess why Volatile is maybe the loan there need to pay DBS this Aug . but according to them there have surplus cash. In July 2009, China Essence entered into an agreement on the extension of its existing US$60 million loan with DBS Bank • of the loan, i.e. RMB70 million (equivalent to US$10 million), on 31 August 2009 Under this agreement, the Group will be required to repay 16.7%• to US$50 million has been extended by one year to 30 June 2010 The repayment of the remaining full sum of the loan amounting• The loan is unsecured with interest rate of LIBOR plus 3.25% perannumI guess if you can buy at 0.2 cents now for long it is a good counter to hold. regards ezy Penny Stock News www.stockkit.info Singapore Penny Link http://www.stockkit.info/singapore-penny-stocks.php |
||
| Useful To Me Not Useful To Me | |||
|
daniel2356
Member |
18-Aug-2009 18:35
Yells: "Easy Going" |
||
|
x 0
x 0 Alert Admin |
What has happen to this counter?So volatile to market sentiments Can any senior comments on this please if not siao lioa leh
|
||
| Useful To Me Not Useful To Me | |||
|
ezy123
Member |
11-Aug-2009 11:57
|
||
|
x 0
x 0 Alert Admin |
The price is down 0.215 to 0.220 my charts are down at the moment so cannot see much ,guess it is still flat. This is a good counter to move into, audit looks good plus their products are widely use in all types of industry. I never realise potato products are used by many industry. regards ezy Penny Stocks www.stockkit.info |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
ezy123
Member |
29-Jul-2009 16:45
|
||
|
x 0
x 0 Alert Admin |
Few days quite luck on this counter sold at 0.255 just bought it back at 0.23 
The chart looks flat at the moment. so i guess a little volitate movement next few days. This is good counter to watch, this year audit forcast looks positive for this company. I am now looking at China Eratat Sports looks postive on the chart... regards ezy Penny Stock News www.stockkit.info |
||
| Useful To Me Not Useful To Me | |||
|
freeme
Elite |
05-Jun-2009 17:56
|
||
|
x 0
x 0 Alert Admin |
consolidation over soon. going to move. vested today |
||
| Useful To Me Not Useful To Me | |||
|
carsem
Member |
31-Mar-2009 18:16
|
||
|
x 0
x 0 Alert Admin |
What happen to this counter ? Reverse gear ????? Please share your input ! Thanks | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
zhuge_liang
Supreme |
30-May-2008 13:26
|
||
|
x 0
x 0 Alert Admin |
Report from L&T. China Essence's 4Q ended Mar '08 net profit rose 43% yoy to RMB63mln, in line with expectations, reflecting strong demand for potato starch (+160%) and modified starch based products (+3%) offset partially by weaker demand for potato starch based products (no growth). This brings full year ended Mar ’08 net profit up by 62% to RMB238m. China's implementation of anti dumping regulations on potato starched based producers from Europe since 2/07 also helped. Average selling price rose 34%, helping to partially offset the 40% yoy increase in potato costs. Mgt remains upbeat about prospects and expects continued growth for full year ending Mar '09 underpinned by - contributions from the newly installed potato protein and potato fibre production capacities of 8,000 t.p.a and 80,000 t.p.a (will start to contribute in Aug-Sep '08); - increased utilization rate of the new 80,000 t.p.a of potato starch production capacity; - stable potato prices which has been locked in at RMB450 per ton due to their long term relationship with the potato suppliers and stable supplies; - stable average selling price of potato starch, potato starch based products and modified starch based products at RMB6,200, RMB10,900 and RMB8,860 per ton; - the continued strong demand that is not met by supply yet. Due to the strong demand trends that management can see, they have also started planning for requirements for Mar '10. They have budgeted RMB417m to increase potato starch production capacity from 180,000 t.p.a to 260,000 t.p.a in Heilongjiang and Inner Mongolia (expected to be operational in 2Q '10) and a further RMB153m capex to double potato protein production capacity to 16,000 t.p.a and potato fibre production capacity to 160,000 t.p.a (expected to be operational in 2Q '10). With its cash holdings of RMB484m and annual operating cash flow of RMB250-300m versus debts of RMB330m, mgt intends to fund their capital expenditures internally. Shareholders funds total RMB884m. We are maintaining our Mar '09 net profit growth forecast at 20% to RMB286m, giving a forward PE of only 5x. This is undemanding compared to its historical average PE of 8-9x as well as Pine Agritech's 13x and Celestial's 6-7x. The stock has underperformed Pine Agritech's 131% and Celestial's 75% recovery from Mar '08 lows, having only recovered by 52%, hence we maintain our BUY recommendation. |
||
| Useful To Me Not Useful To Me | |||
|
zhuge_liang
Supreme |
08-Apr-2008 12:43
|
||
|
x 0
x 0 Alert Admin |
China Essence rising because this year is Internation Year of the Potato? With record rice prices, the potato is encouraged as an alternative to rice. It is also more resistant to flooding as it's grown underground. | ||
| Useful To Me Not Useful To Me | |||
|
ROI25per
Master |
07-Dec-2007 15:37
|
||
|
x 0
x 0 Alert Admin |
bought @ 1, 6 mths ago, price still like that. | ||
| Useful To Me Not Useful To Me | |||
|
aleong
Member |
09-Jan-2007 16:00
|
||
|
x 0
x 0 Alert Admin |
Hi...does anyone knows what is going on with this counter? up for one day and downtrend for a couple of days.... | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
zhuge_liang
Supreme |
29-Nov-2006 02:13
|
||
|
x 0
x 0 Alert Admin |
Its shares were suspended pending this announcement. It is proposing to issue HK250 mln worth of zero-coupon guaranteed convertible bonds due 2011 to institutional investors, including Morgan Stanley & Co International Ltd and UBS AG (London branch). China Essence intends to use the proceeds for capital expenditure in connection with the company's potato starch plants in Suiling, Heilongjiang and in Ahlihe, Inner Mongolia in China. The bonds may be converted into shares at an initial conversion price of $0.7775, which represents about 29.28% premium to the volume weighted average price of $0.6014 for its shares on Nov 24. |
||
| Useful To Me Not Useful To Me | |||
|
iPunter
Supreme |
14-Nov-2006 10:53
|
||
|
x 0
x 0 Alert Admin |
Hi cashiertan, I like your comment with the 'concubine' bit :) ... Stocks are really like concubines of olde, especially with regards to favourites. If a stock has become a favourite, then it is rather hard to let go, especially after one has spent a lot of research effort on the company before the purchase was made. Then it is more than likely one will be 'faithful' and held on in spite of bad behaviour. Well, in order not to be shortchanged in the market , it is well to remember that stocks are not to be treated like anything outside the marketplace. Cashiertan's comment on cutting loss should be taken seriously! ------------ >>> Trade With Care |
||
| Useful To Me Not Useful To Me | |||
|
stockie
Member |
14-Nov-2006 10:22
|
||
|
x 0
x 0 Alert Admin |
Honestly, even if FA is superb, out of play means out of play. You probably have missed its upcycle, hence got to wait for the next run. U have lost abt 14% on this counter @ 0.555 & will need to make 16% just to break-even. It's tough to digest but probably it's better to cut loss & trade to profit from other trades. |
||
| Useful To Me Not Useful To Me | |||
|
winner80
Member |
13-Nov-2006 21:39
|
||
|
x 0
x 0 Alert Admin |
Thanks cashiertan senior, hope to cut my losses. but seriously, looking at the whole lot of china plays, there are some counters that have gone up and others that have gone down. This stock has been slowly declining the last few days.. Every thing seems fine about this stock, dun understand why the sell down so much. i note that the lower profit was due to the expiry of tax holiday, also revenue increased.. fundamentals sound pretty good to me... Thanks again for the advise! |
||
| Useful To Me Not Useful To Me | |||
|
cashiertan
Elite |
13-Nov-2006 21:18
|
||
|
x 0
x 0 Alert Admin |
next real support is at 0.45. but may bounce up soon. can reduce ur losses | ||
| Useful To Me Not Useful To Me | |||
|
cashiertan
Elite |
13-Nov-2006 21:14
|
||
|
x 0
x 0 Alert Admin |
u should have cut lost at 8-10%. do u have any investment strategy or plans when buying it? now china play has lost its charm like a neglected concubine.. gooyd luck..u may have to hold long long time... | ||
| Useful To Me Not Useful To Me | |||
|
winner80
Member |
13-Nov-2006 20:57
|
||
|
x 0
x 0 Alert Admin |
Dear Gurus, I have bought this counter at 0.645. Now it has fallen to 0.55. Can anybody advise whether I should still hold onto this counter? Why has it fallen so badly? The results didnt appear too bad... Can gurus advise using TA? Thanks!! |
||
| Useful To Me Not Useful To Me | |||
|
dxxxxxxd
Member |
07-Nov-2006 20:13
|
||
|
x 0
x 0 Alert Admin |
SINGAPORE (XFN-ASIA) - China Essence Group Ltd was lower after the company said its net profit for its financial second quarter ended September had slipped 5pct year-on-year to 27.58 mln yuan, dealers said. At 3.50 pm, China Essence was down 0.03 sgd or 4.88 pct at 0.585, on volume of 6.75 mln shares. The company blamed the fall in its financial second-quarter net profit on margins having been squeezed by higher operating costs and the expiry of the tax holiday for subsidiary Daqing Bigang. But its revenue rose 22 pct year-on-year to 112.63 mln yuan as sales ofhigher-value modified starch products grew with the expansion of itsdistribution network and higher demand. DBS Vickers has cut its target price for China Essence to 0.75 sgd from 0.79sgd to factor-in the prospect of poorer earnings. It has lowered its forecasts of earnings for the company for the financial year ending next March by 4 pct to 146 mln yuan and for the year ending March 2008 by 5 pct to 169.1 mln yuan. But DBS Vickers is keeping its "buy" rating for the stock, saying that its valuation remains attractive and that it expects future quarters to be better. "We believe that China Essence is operating in a niche industry, with room for further expansion," the brokerage said in a note. |
||
| Useful To Me Not Useful To Me | |||
