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buy with target of 31.5 cents.......... LOL........
if only everything was that simple......... life would be easy ............
Nokita ( Date: 29-Mar-2008 15:15) Posted:
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BT
China Powerplus Limited on Wednesday warned that its performance for the third quarter ended September 30, 2008 will be weaker compared to a year ago.
This was partly due to the lower margins arising from higher production costs brought upon by higher inflation coupled with cautious spending by customers due to the adverse global economic conditions;
It also blamed the imposition of power supply rationing in Shandong province during the Beijing Olympics Games for disrupting its production hours;
The undergoing of repair and maintenance activities during the power supply disruption period also led to higher costs.
It said the undertaking of in-depth research and development activities on its products also resulted in an increase in costs.
The group's performance was also hit by the stronger RMB against the USD in 3Q2008 compared to 3Q2007 which affectedmargins from export sales.
The results are expected to be released on 13 November 2008
We have adjusted upwards FY08 earnings
estimates to RMB99.0m mainly due to
greater contribution from China Steel.
Based on FY08 EPS of 4.5 S?pore cents
and target PE multiple of 7 times (due to
cautious market sentiment), our target
price for China Powerplus is 31.5 cents.
We maintain
XIA) - sias research
http://level13-analysis.blogspot.com
Cheers!
Powerplus Achieves Record Breaking 2007!!!
Revenue at RECORD Level of RMB 388 millions.....Gross Profit at Historical High of RMB 113 millions.....
Trading below NTA!!!!
Volumes and price moving.......The Best Is Yet to Come!!
Continue to load more at 16c today!!! Hope it can drop lower next week!!
POWERPLUS CONTINUES STRONG QUARTERLY REVENUE
Should be cheonging leh :)
At 0.26 range too long liao
taking a rest ?
Vested too
Hope today is a steady day.
Cheong cheong cheong
Attractive valuation; a "china " and "manufacturing" theme play at same time.
Previous high few months ago at 0.425; TA shows uptrending still intact.
Vested.
Just my opinion. Caveat Emptor.
This counter looks strong among the other 'China' counters.
is this counter worth investing ?
China Powerplus has proposed to acquire 30% of China Steel for RMB 114.09m. Linyi Yilida Steel Mill, a wholly owned subsidiary of China Steel, is principally engaged in the business of manufacturing nickel alloy that is used directly in the production of stainless steel. As part of its expansion plans, Linyi Steel intends to move up the value chain and produce stainless steel. The PER is 8.5x.
Powerplus intends to gradually increase it?s usage of stainless steel instead of iron steel in the products that it manufactures in an effort to enhance the durability of its products.
The proposed acquisition is a long-term strategic fit with the Group?s business. It's earnings accreting to the Group?s performance. China Steel is seeking for an IPO listing on a reputable stock exchange.
can anyone advise whether this counter is still worth investing?
It has successfully executed its diversification strategy. The sales contribution from Europe & Australia plus Other markets increased by 2,244% to RMB 21 million in 1Q07 compared to RMB 1 million in 1Q06. In 1Q07, the Group delivered orders to distributors in 10 European countries with distributors in Poland, Italy and Switzerland.