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Anybody can advise when is the EX Divvy date? Tot 24 April, today?
come on another 3 more cents and you no longer penny stock
Wow, very fierce leh but i like it - CHEONG AHHHHHHHHHHHHHHHHHHH
good 1Q result-
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_990EADAA7A198DF2482574330039CCF3/$file/XLX_resultsbriefing.pdf?openelement
fertiliser in extreme high demand according to report (can't remember where i read it) sold half at 0.88 (bought at 0.755 last friday - no choice today due date). so now how???? CHEONG LAH OFF COURSE.
ericsim,
Your "kallang roar" powderful leh. someone just answered backed.Thx
| 16:09:12 | 0.890 | 16,000 | Sell Down |
| 16:08:00 | 0.890 | 489,000 | Buy Up |
| 16:07:19 | 0.885 | 10,000 | Sell Down |
good luck for those vested.........CHEONG AHHHHHHHHHHHHHHHH.
ericsim ( Date: 11-Apr-2008 18:34) Posted:
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Hoping to see it break the .88c barrier.Cheong!!@!?
Bollinger Bands squeezing.Wonder which direction the $$$$ heading north/south????? Vested.
China XLX Fertiliser rose after Macquarie initiated coverage of the firm with an investment rating of "outperform" and a share target price of $1.10.
China XLX's urea is among the most cheaply produced in China, Macquarie said in a client note, adding that urea prices are set to stay firm over the next 2 years due to a tight supply in 2008.
Macquarie analysts also said China XLX stocks are trading at a deep discount and recommended investors buy the Chinese firm's shares.
09:25 21Apr08 RTRS-SHANGHAI STOCK INDEX <.SSEC> OPENS UP 6.8 PCT AFTER
REGULATOR PLACES LIMITS ON LISTED SHARE SALES
09:43 21Apr08 RTRS-China stocks open up 6.8 pct on share sale limits
SHANGHAI, April 21 (Reuters) - Chines stocks opened up 6.8
percent on Monday, with investors buying large-caps such as
Sinopec <600028.SS>, as a regulatory move to limit sales of
non-tradable shares gave the market a boost after lingering
weakness over the past few months.
The benchmark Shanghai Composite Index <.SSEC> jumped to
3,305.152 points from 3,094.668 points at the close on Friday,
which was down 49 percent from its peak in mid-October.
"The market staged a powerful technical rebound, with the
government's market-friendly step serving as an excuse to buy
after months of weakness," said Zheng Weigang, senior stock
analyst at Shanghai Securities.
"But we don't expect the market to go extensively into a
rebound as it is still under heavy pressure from other negative
factors," Zheng said, citing an expected slowdown in China's
economy this year due to the U.S. credit crisis, which will also
hurt corporate profits, and a continued heavy supply of new
shares.
The China Securities Regulatory Commission said on Sunday it
had placed restrictions on the sale of listed shares freed up by
the expiry of lock-up periods, which must be sold through
off-market trades if they exceed 1 percent of the listed
company's total shares over a one-month period.
Sinopec, Asia's top refiner, rose nearly 5 percent to 10.93
yuan despite its announcement over the weekend that its
first-quarter earnings would drop 50 percent due to refinery
losses. The stock has plunged recently due to its
weaker-than-expected 2007 earnings and worries over its profits
this year.
REGULATOR PLACES LIMITS ON LISTED SHARE SALES
09:43 21Apr08 RTRS-China stocks open up 6.8 pct on share sale limits
SHANGHAI, April 21 (Reuters) - Chines stocks opened up 6.8
percent on Monday, with investors buying large-caps such as
Sinopec <600028.SS>, as a regulatory move to limit sales of
non-tradable shares gave the market a boost after lingering
weakness over the past few months.
The benchmark Shanghai Composite Index <.SSEC> jumped to
3,305.152 points from 3,094.668 points at the close on Friday,
which was down 49 percent from its peak in mid-October.
"The market staged a powerful technical rebound, with the
government's market-friendly step serving as an excuse to buy
after months of weakness," said Zheng Weigang, senior stock
analyst at Shanghai Securities.
"But we don't expect the market to go extensively into a
rebound as it is still under heavy pressure from other negative
factors," Zheng said, citing an expected slowdown in China's
economy this year due to the U.S. credit crisis, which will also
hurt corporate profits, and a continued heavy supply of new
shares.
The China Securities Regulatory Commission said on Sunday it
had placed restrictions on the sale of listed shares freed up by
the expiry of lock-up periods, which must be sold through
off-market trades if they exceed 1 percent of the listed
company's total shares over a one-month period.
Sinopec, Asia's top refiner, rose nearly 5 percent to 10.93
yuan despite its announcement over the weekend that its
first-quarter earnings would drop 50 percent due to refinery
losses. The stock has plunged recently due to its
weaker-than-expected 2007 earnings and worries over its profits
this year.
Any news that going to be released by china goverment ? why china stocks sudden boost up ??
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DJ MARKET TALK: DMG Starts China XLX Fertiliser At Buy (2008-04-22 02:33:00) 0233 GMT [Dow Jones] STOCK CALL: DMG starts China XLX Fertiliser (B9R.SG) at Buy with S$1 target, based on 13X FY08 P/E. Says increasing demand for fertilizer amid global food shortage bodes well for company; notes food costs worldwide have risen about 23% in 2007 from 2006, with grain +42%, dairy products +80%; "long term outlook looks attractive with the group planning to increase its production capacity through its third plant." Forecasts earnings growth of 24.8% to CNY396 million in FY08, 13.3% to CNY448.7 million in FY09. Stock +2.6% at S$0.79. (FKH) Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com (END) Dow Jones Newswires April 21, 2008 22:33 ET (02:33 GMT) Copyright (c) 2008 Dow Jones & Company, Inc. |
U will see $1 soon !
0.80 resistance broken.
A piece of GEM :)
Vested in China XLX. Bussiness all supply in China.
pls do yr own research.
Reuters news. Not sure how it'll affect China XLX.
China slapped massive tariffs on fertiliser exports on Thu in a bid to control rapidly rising domestic agricultural costs and inflation, and above all to ensure it grows enough grain to feed its 1.3 billion people.
Beijing's 100%-plus tariffs on some fertilizer exports should temper domestic costs but may drive up prices in world markets that depend on China's supplies, the latest in a series of commodities-related protectionist moves around the world that risk fuelling rather than cooling global food costs.
China's anxiety is greater than most -- it is struggling to grow enough corn and wheat to feed its multiplying urban eaters, and fears higher costs of fertilizer, diesel and labour might discourage farmers from planting grains, thereby raising feed costs for meat breeders and exacerbating inflation.
Inflation in China ran at 8.3% in the year through Mar, nearly double the government target for '08, supported by strong grains and meat prices.
China is in the peak season for fertilizer demand, since spring planting has been under way since Mar. Even so, sharply rising international fertilizer prices have caused exports to surge, the Ministry of Finance said on Thu.
"The overly fast export rise increased pressure for domestic fertilizer prices to rise, and also caused tight supply of certain fertilisers in some regions," the ministry said on its website, www.mof.gov.cn.
It added that China had sufficient output of most fertilizers and could ensure domestic supply if exports were effectively controlled.
The tariffs on fertilizer exports will rise by 100% points, to range from 100% to 135%, effective from Apr 20 to Sep 30.
Exports of urea increased by 250% in the first 2 months from a year earlier to 1.71 million tonnes, while exports of monoammonium phosphate and diammonium phosphate rose by 280% and 130%, the ministry said.
Exporters are attracted by international prices that have risen by 128% in the year through Mar, and 62% in the last quarter alone.
Beijing often uses tariffs as a policy tool to dampen domestic prices, and discourage exports, of commodities ranging from metals to wheat flour. Tariffs are easier to administer than price controls or subsidies, and leave less room for corruption.
Planners do not want higher food prices to trigger urban unrest, but they are also mindful that farmers are finally seeing healthier returns after years of lagging rural incomes. Keeping a lid on agricultural costs could help preserve profits in the countryside while limiting price shock in the cities.
"Agricultural costs are going through the roof. Land prices, the cost of money, the relative cost of labour, fertilizer, a shortage of seeds," said Paul Schulte, of Lehman Brothers in HK. "Yet rising agricultural prices can be a windfall for those with economies of scale."
Farmers have little pricing power over inputs such as fertiliser, because they usually do not negotiate for bulk purchases through rural collectives or other associations.
The tariff was hiked in order to "ensure smooth spring planting and set a solid foundation for the annual grain harvest," the ministry said.
As it is, China's grains production barely meets demand from an increasingly wealthy population that consumes more and more meat, instant noodles and processed foods.
But planners are wary of becoming dependent on imports, since any sign of China buying on the global market could cause a spike in already record-high prices.
The move to curb exports comes after Chinese importers agreed to pay triple for potash, a nutrient that boosts crop yields, while sharply reducing contracted import volumes.
Shares in Sinofert, China's largest fertilizer company, dropped by 8% on Thu. The company relies on imports for nearly 2/5 of its sales.
no wonder still able to maintain, check this out -
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_FD86CEBB9D600E0F48257428002D008B/$file/XLX_construction3rdplant.pdf?openelement
treat it as buying slightly above IPO price( 0.77) for long term...juz my 2cents...good luck
sell sell sell....siao siao siao...c'mon!