Lizhong Wheel   

Expanding retail sales

hold it...steep climb coming..surprise...i think revalue the stock coming also.

 

Hope it can spin past 0.815 later thanks ray again

 

is on fire .........now....

 

11:02:22	0.790	2,000	Buy Up
11:02:19	0.790	50,000	Buy Up
11:02:18	0.790	10,000	Buy Up
11:02:13	0.790	100,000	Buy Up
11:01:29	0.790	51,000	Buy Up
11:01:22	0.790	20,000	Buy Up
11:00:21	0.790	25,000	Buy Up
10:55:58	0.785	30,000	Sell Down
10:52:59	0.785	10,000	Sell Down
10:50:57	0.785	1,000	Buy Up
10:50:30	0.785	49,000	Sell Down
10:47:55	0.785	46,000	Buy Up
10:47:41	0.785	54,000	Sell Down
10:42:49	0.785	6,000	Sell Down
10:42:35	0.785	5,000	Sell Down

The wheel is spinning now

 

 

if....volume build up 3mil or more....price holding at 80cents or higer.good to chase the share before market closing.good luck

 

dont miss WHEEL OF FORTUNE.

 

ChinaWheel squeezed out today.  Good luck all.

 

high volume.stable price....take a look...wil go up further 2morrow

 

Vested too.  Good luck.

 

actually accumulation phase is nearly complete.
accumulation done between 67 to 74 cents.
now is the time the counter ready to move up.
research agency has put price of around 82 cents for this counter.

 

somebody is accumulating....watchout!

 

It was sharply higher, spurred by hopes vehicle sales in China will continue to rise along with its booming economy, which bode well for the maker of aluminium alloy wheels.



CIMB-GK analyst Ling Lee Keng said China Wheel currently trades at 8.2x 2005 earnings against 9.9x for its closest Singapore-listed peer YHI International Ltd.



"Going forward, price to earnings (ratio) will be even more attractive if aluminium price will stabilize further," Ling said

 

SIAS has target price of $0.505.



"We believe that growth for China Wheel will come from two fronts: higher manufacturing capacity and higher demand for vehicles and wheels in China and the Asia-Pacific region," SIAS said.



"Already, first half of 006 has seen a revenue increase of 56% riven by its original equipment manufacturer and export businesses. We are expecting full-year 2006 revenue growth at 54% and earnings growth at 28%," it said.



SIAS expects China Wheel's net profit to grow to 75.2m yuan this year from 59.0m yuan last year, and to 82.1m yuan next year.

 

Revenue increased 65.3% and there was a healthy recovery in the margin. This was largely due to management's successful execution in raising selling proces, negotiating for better terms from suppliers, hedging futures on alunminum alloy requirement and improving the unit efficiency of raw materials.



The plan is increase total annual production capacity to 3.6m wheels/year by Oct 06 remains on schedule. The added capacity will contribute positively to its results. It has started supplying aluminum wheels to Michelin and this will contribute positively to 2H06. It's expected to boost its retail sales by 30-50% in 06.



DMG has price target of $0.45.

 

Update on ChinaWheel extracted from UOB Kay Hian

Outlook. Chalco, one of the biggest alumina providers in the world, has cut its
alumina price by 13.3% from Rmb5,650 per tonne to Rmb4,900 per tonne on 4th
Aug. This is the immediate effect of aggressive alumina capacity expansion in
China as alumina capacity ramped up by 50% yoy in Jan-May 06. Planned
project capacity will reach 220m tonnes, of which 46m tonnes and 54m tonnes
will be added in 2006 and 2007 respectively. We expect aluminium price to dip
10% this year to Rmb18,500-19,000 per tonne for 2H06 and this will help to
support China Wheel?s margin at current level. As such, forecasts and target
price are maintained. Reiterate our BUY call.

 

thanx! really educational in here.

 

Hi noobie. When the william % indicator indicates oversold, there's a chance that the price may rise. But there's a lesser chance that it may still fall, becoming more oversold.

 

Hi, May I ask what it means when the william % indicator indicates as oversold. Means that there is a good chance of improvement in terms of price?

 

YHI, Stamford Tyres.. compare their PE, NTA ,Yield ???

 

In fact it did crash from $0.46 to $0.285 on 31/5. Now it has gone back up to its record high. Looking overbought. Take profit.