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China Eratat Sports Fashion IPO offer at 30ct Post Reply Rate topic
AK_Francis Supreme	14-Apr-2008 11:11        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	Still can remember it was reported that out of 7 IPOs this yr, 5 dropped below IPO's price. Reason being given as wrong timing, ie market is bad. Likewise, this time round, the response may not be overhelming but chances for under subscript is slim as well. Good luck.
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Snappers Senior	13-Apr-2008 22:19        Snappers About Contact  Quote this Post!   Mood: Yells: "Buy when there is Fear, Sell when there is Greed"
x 0   x 0  Alert Admin	Fibre Chem in my watchlist for a week liao........ teeth53      ( Date: 13-Apr-2008 11:17) Posted: Time to invest in China shares? Is the worst is over ? on page 22 - Invest page. Year to date, the FTSE ST China Index, made up of 50 S-shares, has plunged 39.9 % to 460.84 points. However, Five China plays to watch.....it is certainly a good help for IPO-ing China Eratat Fashion Sports....See Below. China Hongxing Sports, ChinaSky Chemical Frbre China Sports Int'l Cosco Corp and Frbrechem Technologies
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teeth53 Supreme	13-Apr-2008 22:14        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 1   x 0  Alert Admin	http://extraordinaryprofits.blogspot.com/2008/04/china-eratat-sports-ipo.html Note: Unaudited 2QFY2008 figures were available in the prospectus. FY2007 Revenue: $56.3m Profit: $8m NAV: 0.0752 EPS: 0.0194 EPS % Incr: 160% PE ratio: 15.5x Price: 0.30 2QFY2008 Revenue: $77.3m Profit: $13m NAV: 0.1351 (incl. IPO proceeds) EPS: 0.0318 EPS Incr: 64% (Est.) PE Ratio: 9.4x Price 0.30
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teeth53 Supreme	13-Apr-2008 22:05        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	For reference to Prospects and Future plans......see page 118 and it effect on EPS  future earning
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teeth53 Supreme	13-Apr-2008 21:51        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	For more comprehensive info.......on EPS. See page 32 for ...Invitation Statistics Final Prospectus - Clean Copy.pdf (3385 Kb) Historical net PER base on historical net EPS on group for FY2007 is 10.8 times.
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teeth53 Supreme	13-Apr-2008 11:17        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Time to invest in China shares? Is the worst is over ? on page 22 - Invest page. Year to date, the FTSE ST China Index, made up of 50 S-shares, has plunged 39.9 % to 460.84 points. However, Five China plays to watch.....it is certainly a good help for IPO-ing China Eratat Fashion Sports....See Below. China Hongxing Sports, ChinaSky Chemical Frbre China Sports Int'l Cosco Corp and Frbrechem Technologies
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teeth53 Supreme	12-Apr-2008 22:59        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Here another one, cut and paste, hope it help also...... For more info . Pls click B-low. http://sgshare.blogspot.com/2008/04/china-eratat-sports-fashion-ipo.html China Eratat Sports Fashion is a new comer that would join the growing list of china sport company listed on SGX. The current listed peers are China Hongxing and China Sports. By its own right, the company has a reputable brand and is in a fast growing industry. However, if we look at the track record, the company has achieved significant growth on FY2007 only. It is unclear to me that how the future growth rate would be. It is also fair for us to compare the company against China Hongxing and China Sports since they all operate in the same market segment. I should focus the discussion on 3 aspects ? PE, margin and market cap. China Hongxing: price 0.61, eps 0.035, PE 17.4x, gross margin 41.1%, market cap 1.8billion China Sports: price 0.91, eps 0.106, PE 8.6x, gross margin 22%, market cap 306mil Hongxing is in its own league in terms of PE, margin and market cap. ERATAT is much a smaller player compare to both, or maybe more appropriate to compare against China Sports. Even looking at forecast number, ERATAT 12.7 vs China Sport 8.6, I am hesitate to subscribe. In the industry discussion, the prospectus cited that Sportswear in China encompasses apparel, shoes and accessories. China?s sportswear market in 2006 is estimated to be worth between US$4.13 billion to US$5.69 billion. We estimate the Chinese sportswear market to grow by 18.6% to 23.6% between 2007 and 2010. The market size by 2010 is expected to be worth between US$8.16 billion to US$13.26 billion. Nike, Adidas and Li-Ning are the top three players in the Chinese sportswear market. They collectively occupy between 28.0% and 37.0% of China?s fragmented sportswear market. The remainder comprises approximately 200 smaller players. These players produce sportswear as original equipment manufacturers and original brand manufacturers. There are more than 600 different brands of sportswear in the Chinese market. This shows that the competition is very intense. I think only the strong brand would survive and thrill. In the competition discussion, it was highlight that there are two market segments 1.Global brand market segment which brands like Nike, Adidas occupied and targeting top tier cities 2.PRC leading brand market segment which have Li-Ning, Anta, Kangwei, Hongxing Erke and XTEP which mainly targeting second to third tier city It is interesting to evaluate the competition position and brand equity of each China sports brand and try to identify who is the rising star. Once I have time, I might do some research on this. Posted by Alen
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teeth53 Supreme	11-Apr-2008 23:32        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Cut and paste...hope all the best. Rgds...thk to 178 OneSharer Posted: 11-Apr-2008 17:40        Ha, ha, datz a good one.  Teeth, you took the trouble to write the first post here; so nice of you.   178investors Posted: 11-Apr-2008 16:21         10cent upside, no bad kopi money leh.
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teeth53 Supreme	11-Apr-2008 23:25        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Ya...thk Qs for sharing ur info.. Vested, it is good to have other view to post their opinion here. "My Remiser ask me to pickup the offer, so i'm doing just that, look like good enuff for a STAG".
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178investors Veteran	11-Apr-2008 23:18        178investors About Contact  Quote this Post!
x 0   x 0  Alert Admin	Read djnews below... this eratat can float.. look good for contrabros. 0759 GMT [Dow Jones] China Eratat Sports said to be changing hands in gray market at S$0.40 vs IPO price of S$0.30, representing 33.3% premium. Trader says demand for institutional tranche "surged rapidly" after placement completed. Sportswear designer selling 163 million shares in Singapore IPO to raise S$34.3 million net proceeds to boost production capacity, distribution network, branding, product range. Issue comprises 155 million placement shares, 8 million for public. Stock''s historical P/E of 10.8X falls between 12.9X for China Sports International (CP6.SG), 6.6X for China Hongxing Sports (BR9.SG). Stock makes debut April 17. (FKH) Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com (END) Dow Jones Newswires April 11, 2008 03:59 ET (07:59 GMT) Copyright (c) 2008 Dow Jones & Company, Inc.
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teeth53 Supreme	11-Apr-2008 13:32        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Please read this..it may help U to decide 1 or don't 1 to..... Thk Qs http://extraordinaryprofits.blogspot.com/2008/04/china-eratat-sports-ipo.html
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teeth53 Supreme	11-Apr-2008 13:30        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	teeth, what's the blackmarket price? teeth53      ( Date: 09-Apr-2008 23:33) Posted: So far this is my 1st one for this year. Offer from my Remiser. Well after careful tot. no risk , no gain, my Remiser ask me to pickup the offer, so i'm doing just that, look like good enuff for a STAG. Just sharing my tot and action. Pls do ur home work 1st if any more info pls  refer to... China Eratat Sports Fashion offer as of today...April 8, 2008. Thk for oso sharing your tot.
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