Ferrochina   

Ferrochina

Once it reaches the "Great Wall of China", it will walk on the Great Wall towards the high mountains! FerroooooooooooooooCHINA!!!!!

 

I am not going to sell. It will eventually become a dividend stock. No target price for me. I am holding for the next 2-3 years 

 

livermore made huge money here and more to come , right? let us know when to sell? or accumulate more?

 

IT'S JUST BEGINING, TP @$2.90 =kayhian, CIMB @$3.10, there is no hurry to sell yet as most BB accumulating..once approved it's gonna take off.

 

l sold @ $1.95.

Btw, congrats to all you stayed vested

 

 

Hi All, does anyone have the DMG and UOBKH report for FerroChina? If you do, may I have a copy too?

Email me at: john.lim.2006@accountancy.smu.edu.sg

Thanks!! And congrats to all you stayed vested :) 

 

 

After tumbling down (market crash) during its climb to the "Great Wall Of China", finally through sheer fundamentals, it is on on the verge of reaching the "Great Wall of China". For those vested, keep this stock for long term.

 

FerroooooooooooooooooooooCHINA!!!!!!!!!!! 

 

Now DMG targets $3.00!!!!!!!!!!!!!!! Should reach $3 soon!!!!!!!!! Catch it before it flies

 

Valuation and Recommendation. We have upgraded by 15% our fully diluted EPS forecast from S16.6 cents to S19.1 cents in 2007 and S32.9 cents to S37.9 cents in 2008. On an unchanged valuation parameter of 8x forward earnings, we upgrade our 12-month price target from S$1.81 to S$3.00. Maintain BUY.

 

DMG targets at $3.00 ....... may cross $2 by today

 

CIMB targets $3.10.....This is a powerhouse stock!!!!!!!!!!!!!!!!

 

UOBKayhian targets $2.90!!!!!!!!!!!!!!!!!!!CHEONG AH!!!!!!!!!!!!!!!!

 

Bigger entity deserves higher valuation.

FerroChina?s market cap would increase from S$600 to more than S$1.2m.

The enlarged entity is bigger than its closest Taiwanese peers: Yieh Phui and

Sheng Yu. At S$1.76, FerroChina?s current valuation is 5.2x 2008 PE vs 11-

12x for its peers. There is certainly room for the valuation discount to narrow

after considering FerroChina?s shorter operating history and higher gearing.

Hence, we lift our valuation from 8x to 9x 2008 PE. Accordingly, we raise our

12 month target price to S$2.90 based on the higher EPS for 2008 and higher

valuation of 9x 2008 PE. Reiterate BUFollowing the acquisition,

 

Hi Livermore,

buy on rumor, sell on News. Be cautious

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F4A5AA9CDE65D997482572CB002C4D97/$file/Proposed_Acquisition_of_Superb_Team.pdf?openelement

 

Charging to "Great Wall of China!"

 

Hi All, Please download FerroChina's company presentation on the proposed acquisition on SGX Announcements. Released today 4pm.

Happy reading and congrats to all and prepare for the charge.

 

FerroChina said it would buy its associates in a $568 million (US$375 million) deal in a bid to become the world's largest galvanised steel processor. The new merged group would have a stock market value of about $1.3 billion and combined sales of more than $1.6 billion.

FerroChina -- which is worth US$485 million on the stock market -- said it has entered into a conditional sale and purchase agreement with investment holding firm China GalvaTech Holdings to buy the remaining 64.55% stake in another holding firm, Superb Team, that it does not already own.

Superb Team owns Chinese galvanised steel coil makers Changshu Everbright Material Technology Co. Ltd. and Changshu Changgang Steel Plate Co. Ltd.

"Our target is to become the world's largest galvanised steel processor by achieving a production capacity of 5 million tonnes of galvanised steel," Chief Executive Officer She Chun Tai said in the statement.

"We will acquire inefficient galvanised steel processors in China at below replacement cost with payback in 3 years."

FerroChina said the acquisition would contribute positively to the combined group's profit margin, but is still subject to regulatory and shareholder approval.

 

What is happening to ferrochina?

Vested.

 

Yah, now drops to 1.59 & looks like down trend.. not very healthy...

 

The charts seems to be on a down trend. Can anyone comment?

 

Business Times 16 April, 2007 - Earnings to power Singapore stocks : JP Morgan Here is a short paragraph " However Singapore listed stocks with Chinese exposure will offer attractive opportunities. Chinese stocks listed here still trade at a 30% discount to Hong Kong listed ones due to poor governance and scandals in the past but this should narrow. JP Morgan said it picked out steel coil maker FerroChina as its top China pick, based on regulation-spurred consolidation in the steel industry. FerrooooooooooCHINA!!!