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Hi akk,
Hoping for BBs to come, i think is d other way round, usually when px is up let go
1 reason for up is oil price went up; as lpg is an alternative source of energy
anyone did a comparsion between Ouhua & ChinaEnergy?
have been going up these few days, hope the BB would come in :)
| Thursday, March 15, 2007 | |||||
| |||||
| Ouhua Energy Holdings A Cheap Energy Play | |||||
| Current Price : S$0.355 Target (12-mth) : S$0.51 | |||||
| Ouhua Energy Holdings is a leading gas distributor primarily engaged in the import, processing and wholesaling of liquefied petroleum gas (LPG) in China. It imports raw materials from the Middle East and processes them for sale in China. | |||||
| Strategically-located in energy-hungry Guangdong province. Strong economic growth in Guangdong has stimulated huge demands for energy, but highly uneven distribution of resources limits energy supply in this area. Guangdong?s LPG imports accounted for 74% of China?s in 2005. Thus, as an LPG importer, Ouhua will benefit from strong local demand. | |||||
| Second-largest LPG importer in highly-concentrated industry. LPG import is a highly-concentrated industry, with the top 10 Chinese importers taking an 80% market share. The major entry barrier is specialised logistic facilities, especially port terminals. Ouhua was the second-largest LPG importer in China and the biggest one in eastern Guangdong in 2006. Ouhua seeks to expand in the central Guangdong and overseas markets. | |||||
| Limited threats from substitutes in short term. In the short term, natural gas and domestically-produced LPG do not pose serious threats to LPG imports. Given the strong demand for energy, LPG imports should continue to grow in the next five years. | |||||
|
Initiating coverage with BUY call and S$0.51 target price. We forecast 12% sales CAGR and 10% earnings CAGR for 2007-09. The assumptions are conservative given the possible volatility of industry profitability and given that there could be potential business from overseas market that have not been factored in. Our DCF valuation indicates a target price of $0.51 (8x 2007 PE), which suggests 42% upside from the current price level. Major risks include volatility of oil prices and investors? concerns about related-party transactions. Initiate coverage with BUY. UOB initiation of buy rating with that pinch of salt. Vested |
I hope so too.. jus went in to buy in somemore..
Dont know if it is right to do so... as it has been disappointing...
I believe all TA signs are gd now?
Time to watch this counter. Since there is no news to this counter, it's wiser to wait.
TA indicates rebound. But it seems this counter is getting recovery from its hardtime. Just be carefull to with market specullation, William R and RSI can be a killer without good fundamental.
Just like OSIM in the past.
Cautious on this counter.. its recent upsurge in price may not be sustainable. Its TA charts don't look that good at all.
UOBKH is the underwriter for Ouhua, so I take their BUY call with a pitch of salt.
Given the market volatility, it would be wonderful if Ouhua's price can maintain above their IPO price and wait for the next big catalyst to cheong
UOBKH is the underwriter for Ouhua, so I take their BUY call with a pitch of salt.
Given the market volatility, it would be wonderful if Ouhua's price can maintain above their IPO price and wait for the next big catalyst to cheong
Sori. Ooop..error typing in 30-40c, should see px settle btw 38c - 40c B4 ex dividend.
Ouhua opened 0.39c and hit a high of 0.405c and settle back at 0.39c on a profit take on volume of 2562 lots done, may see healthy px settle somewhat btw 30-40c
Anyone can guess when is the XD date for this stock?
Anyone can guess when is the XD date for this stock?
finally a report coming out... oversold for quite a while, rebound slowly coming
| 10:19 | BROKER CALL - Singapore-listed Ouhua Energy assigned 'buy' rating - UOB Kay Hian |
Hi Pals, just want to insert an opinion. What I see from this counter is lack of confidence. This counter seems isn't popular enough. Perhaps due to lack of news.
But with this case, this counter becomes more interresting. Currently, oil price is climbing now plus company expansion plan (1.2 billion tons) 3rd quater 2007.
That's your choice to support this counter. Keep watch the news from OPEC for now and also inflation rate in US. Both of them is giving good signal lately. Perhaps there is some unsettled issues, but holding energy stock is better for now.
Vested, I am wating patiently to get a big catch. Results are good, gives dividend, yield is ok, may be under research.
| Ouhua Energy Holdings A Cheap Energy Play |
|
| Current Price : S$0.355 Target (12-mth) : S$0.51 |
|
| Ouhua Energy Holdings is a leading gas distributor primarily engaged in the import, processing and wholesaling of liquefied petroleum gas (LPG) in China. It imports raw materials from the Middle East and processes them for sale in China. | |
| Strategically-located in energy-hungry Guangdong province. Strong economic growth in Guangdong has stimulated huge demands for energy, but highly uneven distribution of resources limits energy supply in this area. Guangdong?s LPG imports accounted for 74% of China?s in 2005. Thus, as an LPG importer, Ouhua will benefit from strong local demand. | |
| Second-largest LPG importer in highly-concentrated industry. LPG import is a highly-concentrated industry, with the top 10 Chinese importers taking an 80% market share. The major entry barrier is specialised logistic facilities, especially port terminals. Ouhua was the second-largest LPG importer in China and the biggest one in eastern Guangdong in 2006. Ouhua seeks to expand in the central Guangdong and overseas markets. | |
| Limited threats from substitutes in short term. In the short term, natural gas and domestically-produced LPG do not pose serious threats to LPG imports. Given the strong demand for energy, LPG imports should continue to grow in the next five years. | |
| Initiating coverage with BUY call and S$0.51 target price. We forecast 12% sales CAGR and 10% earnings CAGR for 2007-09. The assumptions are conservative given the possible volatility of industry profitability and given that there could be potential business from overseas market that have not been factored in. Our DCF valuation indicates a target price of $0.51 (8x 2007 PE), which suggests 42% upside from the current price level. Major risks include volatility of oil prices and investors? concerns about related-party transactions. Initiate coverage with BUY. |