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Ferrochina
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Livermore
Master |
30-Apr-2007 19:18
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Once it reaches the "Great Wall of China", it will walk on the Great Wall towards the high mountains! FerroooooooooooooooCHINA!!!!! | |
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Livermore
Master |
30-Apr-2007 19:15
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I am not going to sell. It will eventually become a dividend stock. No target price for me. I am holding for the next 2-3 years | |
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ed88ks
Senior |
30-Apr-2007 17:46
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livermore made huge money here and more to come , right? let us know when to sell? or accumulate more? | |
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ed88ks
Senior |
30-Apr-2007 17:38
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IT'S JUST BEGINING, TP @$2.90 =kayhian, CIMB @$3.10, there is no hurry to sell yet as most BB accumulating..once approved it's gonna take off. | |
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davidxiao
Member |
30-Apr-2007 15:59
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l sold @ $1.95. Btw, congrats to all you stayed vested |
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johnbrendan
Member |
30-Apr-2007 12:46
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Hi All, does anyone have the DMG and UOBKH report for FerroChina? If you do, may I have a copy too? Email me at: john.lim.2006@accountancy.smu.edu.sg Thanks!! And congrats to all you stayed vested :) |
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Livermore
Master |
30-Apr-2007 12:39
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After tumbling down (market crash) during its climb to the "Great Wall Of China", finally through sheer fundamentals, it is on on the verge of reaching the "Great Wall of China". For those vested, keep this stock for long term. FerroooooooooooooooooooooCHINA!!!!!!!!!!! |
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spurs88
Senior |
30-Apr-2007 12:27
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Now DMG targets $3.00!!!!!!!!!!!!!!! Should reach $3 soon!!!!!!!!! Catch it before it flies
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lpkoh5
Senior |
30-Apr-2007 12:26
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DMG targets at $3.00 ....... may cross $2 by today 
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lpkoh5
Senior |
30-Apr-2007 11:42
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CIMB targets $3.10.....This is a powerhouse stock!!!!!!!!!!!!!!!! | |
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spurs88
Senior |
30-Apr-2007 10:10
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UOBKayhian targets $2.90!!!!!!!!!!!!!!!!!!!CHEONG AH!!!!!!!!!!!!!!!! Bigger entity deserves higher valuation. FerroChina?s market cap would increase from S$600 to more than S$1.2m. The enlarged entity is bigger than its closest Taiwanese peers: Yieh Phui and Sheng Yu. At S$1.76, FerroChina?s current valuation is 5.2x 2008 PE vs 11- 12x for its peers. There is certainly room for the valuation discount to narrow after considering FerroChina?s shorter operating history and higher gearing. Hence, we lift our valuation from 8x to 9x 2008 PE. Accordingly, we raise our 12 month target price to S$2.90 based on the higher EPS for 2008 and higher valuation of 9x 2008 PE. Reiterate BU Following the acquisition, |
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davidxiao
Member |
29-Apr-2007 18:41
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Hi Livermore, buy on rumor, sell on News. Be cautious |
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ed88ks
Senior |
29-Apr-2007 14:23
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F4A5AA9CDE65D997482572CB002C4D97/$file/Proposed_Acquisition_of_Superb_Team.pdf?openelement | |
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Livermore
Master |
28-Apr-2007 21:06
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Charging to "Great Wall of China!" | |
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johnbrendan
Member |
28-Apr-2007 20:59
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Hi All, Please download FerroChina's company presentation on the proposed acquisition on SGX Announcements. Released today 4pm. Happy reading and congrats to all and prepare for the charge. |
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zhuge_liang
Supreme |
27-Apr-2007 23:50
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FerroChina said it would buy its associates in a $568 million (US$375 million) deal in a bid to become the world's largest galvanised steel processor. The new merged group would have a stock market value of about $1.3 billion and combined sales of more than $1.6 billion. FerroChina -- which is worth US$485 million on the stock market -- said it has entered into a conditional sale and purchase agreement with investment holding firm China GalvaTech Holdings to buy the remaining 64.55% stake in another holding firm, Superb Team, that it does not already own. Superb Team owns Chinese galvanised steel coil makers Changshu Everbright Material Technology Co. Ltd. and Changshu Changgang Steel Plate Co. Ltd. "Our target is to become the world's largest galvanised steel processor by achieving a production capacity of 5 million tonnes of galvanised steel," Chief Executive Officer She Chun Tai said in the statement. "We will acquire inefficient galvanised steel processors in China at below replacement cost with payback in 3 years." FerroChina said the acquisition would contribute positively to the combined group's profit margin, but is still subject to regulatory and shareholder approval. |
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yammay74
Member |
20-Apr-2007 12:44
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What is happening to ferrochina? Vested. |
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punter2006
Senior |
20-Apr-2007 12:18
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Yah, now drops to 1.59 & looks like down trend.. not very healthy... | |
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jimitan
Member |
20-Apr-2007 11:12
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The charts seems to be on a down trend. Can anyone comment? | |
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Livermore
Master |
16-Apr-2007 21:15
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Business Times 16 April, 2007 - Earnings to power Singapore stocks : JP Morgan Here is a short paragraph " However Singapore listed stocks with Chinese exposure will offer attractive opportunities. Chinese stocks listed here still trade at a 30% discount to Hong Kong listed ones due to poor governance and scandals in the past but this should narrow. JP Morgan said it picked out steel coil maker FerroChina as its top China pick, based on regulation-spurred consolidation in the steel industry. FerrooooooooooCHINA!!! | |
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