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hotstock ( Date: 17-Jun-2009 17:41) Posted:
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There is no special catch to this. From a business perspective, it is about order visibility, demand of products, and the macro environment. At this moments, even players of china shares are shunning Liheng and co based on my ground check with some of them.
Hence my advise is to KIV first. Of course I am interested in Li Heng but not at this price.
Still not time yet. Let it falls to 18c...... Li Heng, China Sky, Sino TechFibre, Chinafibre, Fibrechem, Hong Wei, CG are still waiting for a turnaround.... Hence will continue to correct with the market.. Just KIV first
pilotfish ( Date: 17-Jun-2009 12:26) Posted:
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NTA a guild to measures the foundation of a coy in term of financial.(not that critical)
Cash per share (not that critical too) If you are interested make a search in yahoo.
The important factors in FA: (My 3 factors for long term investment)
Business model(demand).
Company earnings (base on past records).
Ability to repay debt.
If the stock passes my 3 factors than I will be interested to analyse it's TA.
(Just my view, not an inducement to trade). dyodd
lawcheemeng ( Date: 17-Jun-2009 10:55) Posted:
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pilotfish ( Date: 17-Jun-2009 10:35) Posted:
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$0.18 cash per share holding, could be one of the reason for this counter to go into a long long consolidation (base building in TA).
Wherther advisable to grab at 0.205 is up to individual. (dyodd)
This counter is a favourite counter for long term short sellers.
(Just my view, not an inducement to trade). dyodd
Pilotfish,
You seems very into this counter. Can confirm on the $0.18 cash per share holding ? Thanks.
pilotfish ( Date: 17-Jun-2009 10:07) Posted:
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Not too fast.
Expecting short covering to begin @ 0.22
Lazyhorse ( Date: 17-Jun-2009 10:02) Posted:
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Expecting short covering soon...
(Just my view, not an inducement to trade). dyodd
Look like I have caught the bottom of the correction phase for this counter. 0.200/0.205.
Hope I am right.
(Just my view, not an inducement to trade). dyodd
If anyone interested. You may try LiHeng.
Chart reveals that LiHeng should have already completed it correction phase.
(Not an inducement to trade).
It seem like nobody mentioned this counter. This counter seems to be overlooked.
Bear market rally???
A bull run for this counter has been started (Just my finding)...
(Not an inducement to trade).
Sorry, they posted their financial statement 2 days before the powerpoint.
fruitty ( Date: 18-Mar-2009 23:06) Posted:
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Just wondering how come Li Heng didn't post their latest financial statement on sgx? Only saw the powerpoint presentation.
So strange???
Still got dividend $ 0.01
FY08 results in line
Li Heng’s FY08 results were below consensus but largely in line with our
estimates. Full-year revenue grew by 34.2% yoy to RMB3.7b, driven by a
higher sales volume. An unrealised forex loss of RMB51m resulted in a
net loss in 4Q08, bringing its full year earnings down by 10% yoy.
Excluding that, 4Q08 would have been profitable at RMB42m.
Under severe pricing pressure
The average selling prices (ASP) of its nylon yarn products were down by
36% yoy in 4Q08 due to severe price pressure since Sep 08. As the ASP
declined faster than cost of raw materials, gross profit margins in FY08
contracted to 28.7% from 34.4 % in FY07. To minimise its inventory’s
exposure to steeply declining raw material prices and ASPs, the Group is
reducing its inventory holding period to one month (from two months).
Still declaring a final dividend
Its cash position stood at RMB1.3b and a final dividend of $0.01 was
declared. This brings total dividends declared in FY08 to $0.04,
representing a payout of 37%. While such a high payout ration is unlikely
in FY09, the Group is seeking to obtain a mandate for a share buyback of
not more than 10% of its shares outstanding at the AGM this coming Apr.