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Chinamilk gd results with bonus issue?
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FearAndGreed
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28-May-2007 15:04
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Wow. Almost no change. This is a good buying opportunity, probably not much downside risk. I would buy at 1.25 and stop loss at 1.12. |
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hogenterprise
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28-May-2007 14:59
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new deal will propell it to 2 |
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FearAndGreed
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28-May-2007 14:44
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Trading halt will be lifted at 3:00. Hopefully there's a chance to buy something. |
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FearAndGreed
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28-May-2007 14:40
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With such a discount valuation (currently PE discount is 20 to 30% from global peers and over 70% from local A-share peers) it's possible to justify a huge range for target prices. I don't know the details of the report but it's hard to imagine anyone lowering thier target. The lowest target price before this release was 1.52, the highest 2.17, with an average of 1.87. I'd guess the average moves up to 2.00. My own view is that short term we should see a test of 1.50. Medium term 1.90. The stock may face some resistance up at 1.90 as there is an outstanding CB with a conversion price around at 1.985. I think it's probably safe to buy when it reopens anywhere below 1.35. Maybe set a stop loss if it falls below 1.28. |
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Alamak
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28-May-2007 14:20
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What would be the target price after the result is released? Anybody any idea? |
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FearAndGreed
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28-May-2007 14:06
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China Milk Halted on earnings release. Sales 514MM vs 459 Estimate (4 brokers) Net Income 378 vs 382 Estimate EPS in RMB is .51 vs .30 estimated. Should be positive, but the recent move has anticipated this and and CLSA at least was already at .51 so not really such a surprise. Still, it confirms that this is a nice growth stock at a pretty cheap price. LesBleus, I got my earnings date from a broker research report. |
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LesBleus
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23-May-2007 22:44
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I think FearAndGreed got hold of the date through the KE calender date? Am i right FAG? Anyways, I think sports12 has made a good investment since ChinaMilk's profit for the first 9mths of FY07 (@ RMB292,408,000) exceeded the full year earnings for FY06 @ RMB272,627,000. Going by quarterly growth, I think we should expect ChinaMilk to have about full year earnings at about RMB395,000,000, give&take 7%. That would give us about 45% growth, EPS of RMB53cents and P/E of 11.9 Cheap compared with its peers in China. And this pricing of S$1.26 is not factoring in the increase prices in milk&diary products we complain about in NTUC, Shop&Save and Cold Storage. Strong demand with supply unable to keep up, we should see ChinaMilk having a greater bargaining power for higher average selling price. |
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player1981
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23-May-2007 18:52
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may i know how u get the earning report date of 28/5? |
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FearAndGreed
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23-May-2007 14:04
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I agree, BUY China Milk ahead of earnings on 5/28. |
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sports12
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17-May-2007 21:22
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is there a good chance of china milk giving bonus ussue? i am vested at 1.11 |
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oil_madness
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17-May-2007 17:18
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China Milk has good potential. Good governmental policies. I don't know why it went below 110 recently. Maybe the last quarter was not as fantastic as the quarter before. HappyDay, you should be able to pocket $4000 soon. Profit: 20lots *0.20.soon! |
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casper
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17-May-2007 15:27
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same as last q, went to 144 then go down to below 110; last q also has good results. |
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happyday
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17-May-2007 13:27
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chinamilk is expected to release very good results and the share price is expected to hit $1.40.This week it has moved from a low of $1.13 to $1.25.previously when it was $1.25,kayhian even raise its target price to $2.17,sound ridiculous but with generous bonus issue,possible to hit target price.The counter came down from its high of $1.54 probably the mkt dislike its convertible loan issue,but with this "negative" news discounted.its expected gd results on may 22,expect the price to hit at least $1.35.Any comments plse.went in at $1.20 on may 16(20lots) hoping to make some profit |
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