China Hongxing   

China Hongxing, tp 1.47 - CIMB

So stay sideline for them to buy 1st? 

 

Me too.....

My remiser from phillip also say that......

I think all the remisers might gang up to push down the stock price....If this is the case.....we should short before they short and cover back before they buy back.......

But when ???

Ha ha ha

 

My remiser also sms me to say it will be pressed down back to below 60cents again.......

Stay sideline......and wait for opportunity.....

 

amoh remiser sms stay slideline......wait for force selling akan datang........

 

with all the +++, will this counter ciong in short term??

 

China Hongxing Sports
May 13 close: 68 cents
DBS Vickers, May 13

XI'AN Trade Show and store visit story: We had the opportunity to visit eight different China Hongxing stores within Xi'an city, including the 300 sqm flagship store, as well as the group's logistics centre for China's northwest region. We also attended its trade show for the upcoming winter season.

Point: China Hongxing has expanded its presence in Shaanxi province from almost zero two years ago to over 50 points of sales (DBS Vickers' estimate) currently and we believe the group has plans to add another 100 stores over the next two years to capture more market share in this emerging region.

At the same time, the recently set up logistics centre, which is also responsible for staff training and monitoring distribution and inventory sales as well as market research, should provide valuable support to the group's push in this part of China. We were also treated to China Hongxing's winter fashion show at its latest trade fair, where it was apparent that greater efforts were focused on the apparel and accessories segment than before. This is in line with the group's strategy of growing its apparel and accessories to 40 per cent of total revenue by end-2008, which is also underpinned by store upgrades and the opening of larger stores.

Relevance: This latest visit has reinforced our belief that China Hongxing continues to execute well on its distribution network expansion plans, which we believe will help consolidate its position as a top five domestic sports brand in China. Maintain 'buy', TP 90 cents based on 18 times FY09 earnings.
BUY

 

Trading price will adjust according....Div (RMB 0.022) B4 moving again. May 7 ,2008.

MISCELLANEOUS :: NOTICE OF BOOKS CLOSURE

 

Wondering after Monday Ex divvy, will the price go towards north or south...

 

Hosay memm...0.715 cents

 

China Hongx

CD

--

0.695

0.715

+0.035

+5.1

32,734,000

1,410,000

0.710

0.715

2,083,000

0.715

0.695

Time	Last	Volume	Bid/Ask
17:05:00	0.715	202,000	X
16:59:58	0.710	489,000	A
16:59:53	0.710	100,000	A

 

Time	Last	Volume	Bid/Ask
16:59:58	0.710	489,000	A
16:59:53	0.710	100,000	A

 

China Hongx cheong......Ahhh......0.71 cent liao.

 

After having  profit taken......it's back again above....now trading at...

China Hongx

CD

--

0.695

0.710

+0.030ct

+4.4%

Vol 23,318,000....and

Yangzijiang

CD

--

1.090

1.100

+0.030ct

+2.8%

Vol 16,508,000...so is

ChinaEratat

--

--

0.365

0.365

+0.010ct

+2.8%

Vol 15,009,000

 

 

hk open -700point,,,,,,not a good sign,,,,avoid to buy,,,,,,,i can feel they starting let go liao.....

 

im target tis baby,,,,,,,waiting to ,,,,,,,,im not vest yet,,,,

 

China hongxin closed...+0.02cents

Time	Last	Volume	Bid/Ask
17:05:02	0.610	559,000	X

Last	Trades	Volume	Bid Volume	Mid	Ask Volume
0.595	18	878,000	785,000	0	93,000
0.600	23	2,079,000	1,569,000	0	510,000
0.605	150	4,548,000	1,923,000	0	2,625,000
0.610	152	6,441,000	2,781,000	559,000	3,101,000
0.615	15	1,346,000	396,000	0	950,000
TOTAL	358	15,292,000	7,454,000	559,000	7,279,000

 

Another 250 lots done...0.605ct

 

Time	Last	Volume	Bid/Ask
14:14:14	0.605	15,000	B
14:13:58	0.605	20,000	B
14:11:47	0.605	50,000	B
14:10:15	0.605	26,000	A
14:10:15	0.605	21,000	A
14:09:52	0.605	250,000	A

 

China HongXin..after trading....0.605ct  +0.015ct.

Time	Last	Volume	Bid/Ask
14:08:01	0.605	20,000	A
14:01:50	0.600	100,000	B
14:01:38	0.605	10,000	A
13:59:01	0.600	50,000	A
12:29:43	0.600	40,000	B

 

look at the massive selldown lots today on this counter...looks like big players are dumping this stock

 

CIMB raise TP to $1.32,I wonder what happen to its 5 for 1 stocksplit proposal proposed in March.BengKuang Marine has already credited CDP of the new stocksplit shares and BKM proposed in Aug this year.

 

 

11 December 2007
China Hongxing Sports  (CHHS SP / CHXS.SI, OUTPERFORM - Upgraded, S$0.98 - Target: S$1.32)
Quick takes - Dilution and risk concerns priced in
by Germaine KHONG

We upgrade Hongxing to Outperform as we believe that the impact of share-capital dilution and concerns over its aggressive expansion have been factored into its share price. Given Hongxingâ??s growing presence in second and third-tier cities and a favourable macro outlook in China, we believe its strong growth will continue into 2008. Hongxingâ??s 2008 growth should be powered by: 1) an expansion in its retail network to 4,150 POS in FY09 from 2,650 in FY06; 2) more A&P activities; 3) a 33.5% production capacity expansion by FY09; and 4) other efforts to increase brand visibility. Target price unchanged at S$1.32 (27x CY09 fully-diluted earnings) at a slight premium to average valuations for its China sports-shoe peers. We believe our target can be justified by Hongxingâ??s strengthening brand name and projected earnings CAGR of 47% for FY07-09.

Full Report [ Click here ]
or the URL below
http://www.gohdirect.com/NASApp/spaf/econtent/sg/CHN-Hongxing-QT-111207.pdf

 

Hold long term for Oylimpic next year....will not be $1.18 anymore.......