Latest Forum Topics / China Gaoxian | Post Reply |
ChinaGaoxian
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iPunter
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31-Dec-2010 11:34
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If Nicolas Darvas sees this stock, he may take it immediately too...
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k2kingkong
Member |
31-Dec-2010 11:33
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This counter is trading within a sharp upward trend. If price repeats its previous two spike ups of about 10 cents, this spike up is from 36 cents to 46 cents. | ||
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bullsfight
Member |
31-Dec-2010 11:29
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I totally agree with those forumers who supported Masterlim... He himself is already the 'gem' of all the sifus... I took his advice and loaded 3 times, 0.335, 0.355 and 0.390 No regret, and will adhere to his postings for all updates. Cheers |
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masterlim8888
Senior |
31-Dec-2010 11:13
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thanks. we may be see it zoom pass 0.41 today. maybe. cheers. load up before you are left out x 100 times. |
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warrenbegger
Elite |
31-Dec-2010 11:10
Yells: "Anyhow Buy Anyhow Die ^_^" |
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I agree with Ah Lim too. Not many expert like to share his share of stock picking gem. If he want us to die, he should had done long time ago. But he share of goodwill view and someone complain and ban his acc. I like his post and those design he make, it make this forum fun and not so boring. | ||
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iPunter
Supreme |
31-Dec-2010 11:00
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Whatever the arguments may be, I tend to view it from the goodwill of MasterLim. I believe he is sincere in his views and assessment. Thus anyone may take it as a good bet... |
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masterlim8888
Senior |
31-Dec-2010 10:56
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retail investors will want to take positions now before next week comes. just a thought. the report is nicely written up and if you can see, the px will be definitely at a premium but we are not sure to what extent. but around 15% to 20% more to the current price or close to 50 cents or even more in my own calculations. load up before you are left out x 100 times. |
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james87
Veteran |
31-Dec-2010 10:44
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what makes you say so masterlim?
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krisluke
Supreme |
31-Dec-2010 10:43
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Business Times 31 Dec 10 China Gaoxian pitches for KDR pricing premium Proceeds will be used to fund group's upstream expansion to produce PET chips By LYNETTE KHOO CHINA Gaoxian, which is conducting roadshows in South Korea next month, said that it hopes to price the Korean Depository Receipts (KDRs) at a premium to the shares traded in Singapore. Proceeds from the KDR listing by way of initial public offer will go towards funding the group's upstream expansion. This, together with the ongoing expansion of its production capacity for premium differentiated polyester yarns and warp knit fabric (WKF), puts the group in good stead for a stronger 2011. 'We haven't fixed the price of our KDRs but we are targeting a higher price for the underlying shares than the Singapore share price,' group chief finance officer Raymond Wong told BT in Mandarin. 'We expect earnings and revenue in 2011 to be stronger as the macroeconomic conditions in China are more favourable for us next year and we are also adding more capacity,' he added. China Gaoxian reported a 5.2 per cent rise in net profit to 305.6 million yuan for the nine months to Sept 30 on the back of stronger sales and average selling prices. Listed on the Singapore mainboard only in September last year, the textile fibre firm is issuing up to 30 million KDRs, equivalent to 600 million new ordinary shares. Proceeds from the KDR listing will be used to build upstream capacity to produce a key raw material - polyethylene terephthalate (PET) chips. This will allow the group to integrate its production process, save costs and boost margins, said China Gaoxian chairman and CEO Cao Xiangbin. For this purpose, the group has acquired a 247,200 sq m land site next to its existing factory in Huzhou City, Zhejiang province, for 200 million yuan (S$39 million), funded by internal resources. China Gaoxian has chosen to raise funds through a KDR listing instead of issuing new shares in Singapore because of the low valuation here, Mr Wong said. Trading at 6.77 historical price-to-earnings ratio, the group would have to issue even more shares in Singapore, which would have been highly dilutive and 'unfair to shareholders', he added. But the group is not about to give up its Singapore listing status because Singapore has a strong reputation for corporate governance and the listing status offers the group greater ease when it comes to obtaining bank loans here, Mr Wong said. Slated to complete its KDR listing by end-January, China Gaoxian will be the first Chinese differentiated yarn maker to list on South Korea's mainboard and the largest textile fibre firm to be listed on the Korean exchange in terms of profitability. There are currently 25 textile peers listed on the Korean exchange, with an average PE ratio of 12.32 times, compared to an average PE ratio of 8.46 times for textile companies listed in Singapore. Unlike Taiwan Depository Receipts that are non-fungible, KDRs can be converted into ordinary shares in Singapore anytime and vice-versa. There is also no limit set by the Korean stock exchange on the pricing premium or discount. But Singapore-listed firms issuing KDRs will still have to stay within the 10 per cent discount threshold set by the Singapore Exchange. Mr Wong told BT that the language difference has not deterred China Gaoxian in its KDR undertakings. The fact that South Korea also uses IFRS (International Financial Accounting Standards) is also a plus point. Shares of China Gaoxian jumped 9.9 per cent yesterday to an all-time closing high of $0.39 on active trading of 36.26 million shares. (,") |
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masterlim8888
Senior |
31-Dec-2010 10:34
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there may be last minutes huge buy ups later. maybe. if not, we shall see some next week. load up before you are left out x 100 times. |
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masterlim8888
Senior |
31-Dec-2010 09:40
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thanks for compliment. really thanks. . hold for the gem for some time. you will see the difference. thats my advise. the full maximum potential has yet to be seen. the gem has attracted the fund managers this time its different. and the best thing it actually compliments the portfolio for holding the gem. i understand why the cfo refused to do any coverage the previous time. did you see before any analysts covering this gem? it rises based on its own merits and its own rock solid fundamentals. if i have guessed correctly, it will reach close to 50 cents and depending on krx prices, it will rise aggressively on the first day of trading to close up the gap. as for today, i have done my job well if it close 0.40 cents and above. thanks everyone for reading my posts. as for the concern for the day it started trading in krx, it really depends what price it launched. it may not slipped like other dual listed counters. as mentioned, i would actually see it rises up to close the gap in krx. i trust the management in pricing the gem close to 16 pe. thats a lot upside we are talking about. at time of writing, it touches 0.41 ! . dont be too bothered about the px it closed later on, really. it is getting the necessary attention now and you should add or sit back and relax for mid term. on the whole, if there are no major macro economics issues and no wars between the koreans,which i dont see any going forward. us is visiting china next month on korea security issues and in feb sk will be having a discussion with us and china. the nk and sk will not do anything major these while. load up before you are left out x 100 times. |
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james87
Veteran |
31-Dec-2010 09:40
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ok..masterlim..gotten in at 0.40. lets see how ur master gem will shine | ||
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timqoo
Senior |
31-Dec-2010 09:38
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always respect the big whales and their movement. | ||
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warrenbegger
Elite |
31-Dec-2010 09:28
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Those fund manager might heavily load up for new year last min. If sell today, will need to load back at higher px next year? | ||
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niuyear
Supreme |
31-Dec-2010 09:23
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LOL!! hahaha! I like this masterlim and master gem.
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warrenbegger
Elite |
31-Dec-2010 09:22
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Today load more and after new year GX chart rocket to to moon, those fund manager really power, keep buying up | ||
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ZebraCrossing
Senior |
31-Dec-2010 09:18
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Hmmm, is this a disclaimer to those who buy on contra? =)
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warrenbegger
Elite |
31-Dec-2010 09:16
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Some idiot big sell at 0.395 and now px hit 0.405 ha ha ha. I load a lot up and dont sell till i shoik. | ||
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iPunter
Supreme |
31-Dec-2010 09:14
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And once in a while, a master gem like MasterLim appears... |
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rabbitfoot
Veteran |
31-Dec-2010 09:13
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WOW ! Sky is the Limit Now. Somemore CS recommended Buying in Korean Stocks next Year !
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