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It about time.
This stock is finally awake! 
September 21, 2007 - 6:08pm
By: THE CANADIAN PRESS
TORONTO - Sino-Forest Corp. (TSX:TRE), a forestry operator in China, saw its shares fall more than three per cent Friday after the company said it had no material corporate developments to report after a recent increase in trading volume and trading prices.
Sino-Forest stock has traded in the one-to two-million share per day range, up from $15 range in mid-August to trade at $22.60 on Friday.
The company made the disclosure at the request of the Toronto Stock Exchange.
Sino shares fell 69 cents to close at C$22.17, a drop of 3.02 per cent in trading of more than 3.6 million shares on the Toronto Stock Exchange.
Sino-Forest's shares spiked, then plunged, earlier this year, after the company said it wouldn't proceed with a possible investment or takeover.
CVC Asia Pacific Ltd., a buyout firm partly owned by U.S. financial giant Citigroup and Australia-based Macquarie Bank, had indicated interest in a possible takeover. But Macquarie decided not to make bid for the company, which now has a stock market value of about C$4.1 billion.
Shares have more than doubled since then on solid financial results by the company. For the second quarter ended June 30, Sino-Forest reported net earnings of US$25 million, up from $14.4 million for the same 2006 period.
Registered in Canada and traded on the Toronto Stock Exchange, Sino-Forest has operations solely in China, where it describes itself as Asia's second-biggest commercial forestry plantation operator.
It cultivates trees for sale as standing timber and wood chips, and makes and trades wood chips, logs, panels and other products.
Forestry assets in China are being snapped up by investors, including buyout firms seeking to privatize acquisitions then possibly refloat them through stock listings in Hong Kong or elsewhere.
CVC Asia agreed last fall to acquire Shanghai-based Plantation Timber Products Group, a maker of fibreboard and flooring, from its former New Zealand-based parent.
Sino-Forest has 3,560 square kilometres under management in the world's fastest-growing paper market and some analysts speculate the company could have 5,000 square kilometres by 2009.
Sino-Forest is one of only a few companies located in Canada that run operations solely in China.
Others include fertilizer producer Hanfeng Evergreen Inc. (TSX:HF), based in Toronto.
10 timber estate forest firms invest in S. Kalimantan
Banjarmasin, South Kalimantan (ANTARA News) - Ten concessionnaires in timber estate forests have decided to make an investment in South Kalimantan, an official said.
Two state forestry firms namely PT Inhutani II and PT Inhutani III have been cultivating their land while eight others are still obtaining a permit to start the planting, South Kalimantan Forestry Office head Suhardi Atmorejo said here Sunday.
Their program to make an investment in South Kalimantan timber estate forests would support the local administration`s plan to set up paper and pulp factories in Kotabaru and Barito Kuala (Batola) districts and meet demands for raw materials of molding companies.
The government has therefore earmarked 500 ha of land for a timber estate forest project in South Kalimantan.
Suhardi said 200 ha out of 500 ha of land had been utilized for HTI investment.
"We stop depending on raw materials that come from natural forests. The number of timber companies which had been closed continued to increase each year due to the shortage of raw materials from natural forests. Now we want to help reinvigorate the economic sector in South Kalimantan by utilizing raw materials from timber estate forests," he said. (*)
DOW JONES NEWSWIRES
International Paper Co. (IP) agreed to buy 50% of Russian paper and pulp mill operator Ilim Holding S.A. for about $650 million and form a 50-50 joint venture in the country.
The Memphis paper and forest products company said the joint venture positions it "well within low-cost, high-growth markets in Russia and Asia." In addition, International Paper said the joint venture plans to invest about $1.5 billion in Ilim's four mills over about five years.
The company said Ilim has an enterprise value of about $1.6 billion.
Russian antitrust authorities approved the deal in June.
Who want to be our informer inside Unifiber Wood Chips new mill plant ?
http://www.brawijaya.ac.id/main/news/id/jobs/detail.php?id=1592
The proposed principal terms of the Warrants are as follows:
Number of Warrants : 970 million.
Basis of Issue : The Warrants are being issued to the Investor, in connection with the Notes Issue,
as fully detachable five-year warrants to purchase shares in the Company in the proportion of one (1) Warrant for one (1) share of the Company.
Exercise Price : The Warrants shall be convertible into new shares at S$0.38 per share, subject to any Exercise Price Adjustment.
Exercise Period : 5 years from date of issue.
Exercise Price Adjustment : After six months from the respective Warrants Issue Dates, and on every six monthly periods thereafter, in the event that the Volume Weighted Average Price ("VWAP") of the preceding fifteen trading days for the Company's shares is below S$0.30 per share, then the Exercise Price shall be adjusted to that VWAP for all respective Warrants not exercised as of such date. This adjustment is subject to a maximum adjustment to S$0.20 per share.
For the avoidance of doubt, the Exercise Price Adjustment applies only to downward adjustments of the Exercise Price. In no event shall the Exercise Price be greater than S$0.38 per share.
The proposed principal terms of the Warrants are as follows:
Number of Warrants : 970 million.
Basis of Issue : The Warrants are being issued to the Investor, in connection with the Notes Issue,
as fully detachable five-year warrants to purchase shares in the Company in the proportion of one (1) Warrant for one (1) share of the Company.
Exercise Price : The Warrants shall be convertible into new shares at S$0.38 per share, subject to any Exercise Price Adjustment.
Exercise Period : 5 years from date of issue.
Exercise Price Adjustment : After six months from the respective Warrants Issue Dates, and on every six monthly periods thereafter, in the event that the Volume Weighted Average Price ("
For the avoidance of doubt, the Exercise Price Adjustment applies only to downward adjustments of the Exercise Price. In no event shall the Exercise Price be greater than S$0.38 per share.
VWAP") of the preceding fifteen trading days for the Company's shares is below S$0.30 per share, then the Exercise Price shall be adjusted to that VWAP for all respective Warrants not exercised as of such date. This adjustment is subject to a maximum adjustment to S$0.20 per share.
Where got 'halt ' ???
Don't anyhow say lah !!
888max, halt fore...... Good news or bad news?
Any stock , not only Unifiber if hold for long term is good for money.
Anything also can happen, nothing is a sure guarantee.
I'm looking at short term price movement of Unifiber first before I decided to hold it for long term.
so 888max this mean got to wait for long term for this counter.
Indonesia`s pulp and paper exports may slightly increase in 2007
Jakarta (ANTARA News) - Indonesia`s pulp and paper exports in 2007 increased by 7.14 percent to US$4.5 billion compared to last year`s US$4.2 billion.
The increase was prompted by a rise in demand for pulp from China, India, Japan and some other countries in East Asia, and the closure of pulp factories in some South American countries as raw materials have become increasingly difficult for them to obtain, chairperson of the Forestry Industry Revitalization Body Soewarni said in a seminar on raw materials and dumping charges against Indonesian pulp and paper, at Plaza Crown Hotel here on Tuesday.
However Indonesia`s pulp output will increase by 1.5 percent to 5.8 million tons this year from 5.7 million tons in 2006, she said.
Not only that, the capacity of the world wood and pulp production currently standing at 187.6 million tons will increase in the next five years to 201.6 million tons.
The biggest producer of wood and pulp is the United States with an installed production capacity of 60.445 tons (32 percent) and Canada in second place with 27, 679 million tons, or 15 percent of the world consumption of the commodity.
In the past seven years, the number of wood and pulp industries in the United State dropped to minus 2 percent, while production capacity has tremendous increased in some developing countries such as Brazil, Indonesia and Chile, contributing only 10 percent of total capacity.
The capacity of Indonesia`s wood and pulp industries reached 6 million tons, ranking 9th on the list of wood and pulp producers, and contributing 3 percent to the world wood and pulp production capacity.
The biggest paper producer in the world is still the United States with a capacity of 82.6 million tons, followed by China with 56 million tons, Japan 31 million tons, while Indonesia is in 12th position with a capacity of 8.2 million tons, data from the Indonesian Pulp and Paper Producers Association said.
In view of the domination and interest of the United States amidst the declining growth of the wood and pulp industry, the rapid expansion of pulp and paper production capacity of the developing countries and the declining competitiveness of US companies, the superpower started accusing the developing countries including Indonesia of subsidizing pulp and paper investors involved in dumping practices.
The US Trade Department accused Indonesia of providing a subsidy and dumping coated free sheet paper exported to the US. The margin of the dumping of which Indonesia has been accused of, might reach 99.14 percent and contained a subsidy over the US level, namely more than 2 percent for the developing countries.
Official information from the US trade department said that coated free sheet paper from Indonesia deserved to be imposed with anti dumping charges and countnervailing duties, she said.
The reason behind the dumping charges had nothing to do with prices which happens to be the prerequisite in leveling the charges. In fact, the incentive provided to the pulp and paper industry could also be a reason to issue dumping charges, she said.
"It is rediculous, but the fact provides a potrait of how they force their way to block the production of pulp and paper in the developing countries," Soewarni said.(*)
New study forecasts India's log imports and recovered paper demand to double by 2016
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(Boston, MA, U.S., Sept. 17, 2007) RISI, the leading information provider for the global forest products industry, today announced the publication of a new study on India's forest products industry. The study, India's Forest Products Industry, projects that India is poised to make a major impact in the global recovered paper market with a 7.9% annual growth in demand for recovered paper through 2016. This growth will make India the second-largest recovered paper market in the world, after China. The study also forecasts Indian imports of logs, primarily hardwood from Southeast Asia and Africa and softwood from New Zealand and Australia, to double between 2006 and 2016.
"With its strong economic growth and huge population, people often ask me if India is going to be the next China in forest products," said Robert Flynn, Director, International Timber at RISI, referring to the enormous impact Chinese growth has had on the global forest products industry. The new study shows that the development of India's paper and wood industries will take a different path than that of China. "While we expect strong, continued growth in India's consumption of both wood and paper products over the next ten years, we also see major hurdles that will make it difficult for India to reach China's level of demand in any particular product category"
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Indonesia wants incentives to halt deforestation
Wed Sep 19, 2007 9:15pm IST
BEIJING (Reuters) - Indonesia is mobilizing a group of eight nations ahead of upcoming climate talks to get rich countries to pay the world's tropical nations not to chop down rainforests, its forestry minister said on Wednesday.
Participants from 189 countries are expected to gather in Bali at a U.N.-led summit in December. They will hear a report on Reduced Emissions from Deforestation (RED) -- a new scheme that aims to make emission cuts from forest areas eligible for global carbon trading.
Indonesia wants to gain bargaining power for direct assistance by teaming up with Brazil, Cameroon, Congo, Costa Rica, Gabon, Malaysia and Papua New Guinea, which together account for the lion's share of the world's tropical rainforests.
"What the 'F8' (Forest Eight) hopes and wishes for is an incentive from developed countries, an appreciation of each one's efforts to avoid deforestation," Malam Sembat Kaban told Reuters during a visit to Beijing on Wednesday.
"For instance, Indonesia has the potential to sell 14 million cubic meters of logs based on sustainable principles. Indonesia's policy is to exploit only 9 million cubic meters of logs" from natural forests, through selective cutting, Kaban said, speaking through an interpreter.
"Who pays? We are saving the forest but taking an economic loss ... The demand is there, so there is no reason not to cut."
Under the Kyoto Protocol's first round, which runs through 2012, about 35 rich nations are obliged to cut emissions by 5 percent below 1990 levels by 2008-12 to fight global warming. The Bali meeting in December will initiate talks on clinching a new deal by 2009.
Kyoto focused on reducing emissions from industry and capturing greenhouse cases, but did not include a scheme to cut emissions from forestry or to protect existing forests.
Kaban acknowledged that there was no set way to measure or value revitalizing forests, or refrain from cutting them in the first place.
"This mechanism does not have a precise methodology. What the F8 wishes is there must be an understanding how the F8 countries can increase community welfare concerning the forests, with clear understanding, with clear mechanisms," he said.
"Because so far we don't have a clear protocol for how we proceed with CDM and so on," he said referring to the 'clean development mechanism' which allows polluters in rich countries to meet domestic greenhouse gas quotas by paying for emission-cutting programmes in developing countries.
Indonesia is home to 60 percent of the world's threatened tropical peatlands -- dense tropical swamps that release big amounts of Co2 when burnt or drained to plant crops such as palm oil. It is one of the world's top three carbon emitters when peat emissions are added in, said a report sponsored by the World Bank and Britain's development arm.
Australia this month agreed to contribute A$30 million to preserve 70,000 ha of peat forest in Indonesia's Kalimantan region, re-flood 200,000 ha of dried peat land and plant up to 100 million trees. The area was devastated when peat forests were drained in an ill-conceived scheme to create rice fields.
The only setback is this green environmental groups are to lobby Abax . 
Greens target Asian hedge fund
ENVIRONMENTAL groups are to lobby new Asian hedge fund Abax Global Capital and backers, including Morgan Stanley, over the financing of a controversial pulp mill in Indonesia.
Abax launched in July in Hong Kong, aiming to raise more than $US1billion ($1.2 billion) to fund private and structured transactions in Asia. It is fronted by Taiwan-born Chris Hsu, a former star fund manager at Citadel Investment, one of the world's largest hedge fund groups.
Abax has already bought $US25 million of convertible bonds in United Fiber, or Unifiber, the Singapore-listed developer of the greenfield pulp mill site in South Kalimantan in Indonesian Borneo. It is in due diligence on a further $US200 million of structured notes.
Environmental Defence, a US non-governmental organisation, has drafted a letter to Abax and its investors, saying the South Kalimantan project has "a clearly documented likelihood of significant environmental and social harm".
Criticisms of the project surfaced several years ago, with the Centre for International Forestry Research (Cifor) saying Unifiber did not have a detailed plan to support its claim that the mill would not use natural forests.
Abax said the company took such issues very seriously: "We continue our due diligence, which includes a full environmental assessment as well as satisfactory analysis on the impact of the project on the surrounding community."
Unifiber has been involved in similar cases. Environmental pressure forced Merrill Lynch, JP Morgan and Deutsche Bank to pull out of successive deals to finance Unifiber's attempted $US600 million purchase of another Kalimantan mill at Kiana Kertas.
Jaka Prasetya, Unifiber's chief executive, said: "We have never destroyed natural forest."
The South Kalimantan project would process wood only from its 260,000ha of plantations in the region.
Morgan Stanley declined to comment.
888max, welcome back. Not bad returns considering what the bank is dishing out these days in terms of interests PLUS the potentials in this counter.
My point of view.
Unifiber since it selldown from its high of 0.335cts to low @0.19cts.
The share price has not really recover back .
Low is 0.19cts and high @0.335cs.
Abax is about to sign off another MOU of US$200 millions SOON.
The conversion rate is 970 millions shares
@0.38cts.
That beside the earlier conversible bonds of 107 millions shares
@0.355cts.
Well !! Come back to Risks and Reward ratio.
Current price @0.225cts.
We have a 65% upside in 5yrs periods. (averg 13% returns )
My 2 cents.
