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u cannot compare gaoxian with hyflux... hyflux is not a manufacturer of materials, it is a manufacturer of mature market products with much higher margin who buys goods from companies like Gaoxian...the sentiment of investors towards these two companies can nvr be same...
can u compare goldAgri with wilmar?...
masterlim ( Date: 15-Dec-2010 23:09) Posted:
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bro. you have to have the presumption of the growth of the company and the forecast earnings in the next year. i know exactly what you mean. you are only basing it on the today's financial size of the company but you have to take in on the company tomorrow's growth.
3.3 is overly optimistic but you never know. the relatively cheaper valuation in krx accounts for at least 3x, lets enlarge it to 10x to symbolise the gem's status on the sgx and krx's standing, not forgetting the exponential growth of china domestic market. the company makes whats the china economy feeds on, the annual cagr for the company is huge and the expanded production may be further enlarged next year and you remember the land the company had bought for its further production, it will be rightfully utilized next year to meet the increasing demand........and lots more. one dollar for this gem is fair and only fair for its financial size. another dollar for its mobility between for the two exchanges and another dollar for its premuim intangible assets status.
load up before you are left out! load up before you are left out!
Bro you study account one you should know the share value.
$3.30 the PE will be 80 ++ you can see this value only when BIG BIG BIG BIG X 10000 BULL.
Hyflux share price $3.00 ++ is because the issue and paid out share is lesser.
masterlim ( Date: 15-Dec-2010 23:09) Posted:
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dont sell now. accumulate and buy on dip, buy on dip, remember ! US mkt is rising now.
lets see how this gem will rise to its true intrinsic value !
load up before you are left out! load up before you are left out!
i would say 3.30 target price for this gem at the end of next year if it can hit the growth plan ! 10x baggers !
why not? it earns more than hyflux and hyflux is worth as much. try to place a fair value on this gem and put things into perspective. earnings, balance sheets, cash flow, strong management team and revenue is strong and even on par with some of the blue chip companies.
load up before you are left out! load up before you are left out!
i am trying to raise the awareness of this gem's potential. pls feel free to ask me any questions, if i cant answer, i will try to write in to check with the management. this gem's potential is very huge.
Japan, Korea, Taiwan and other such countries and regions have reached the fourth generation of ultra-simulated synthetics while most of China's differential fibers are only at the second-generation level. Great potential to develop further
A leading supplier of high-grade fine polyester yarn, China Gaoxian is one of the few in China with technology to compete against the high-grade imports. By varying the physical, mechanical and chemical properties of the fibres (blending), Gaoxian produces substitutes for other fibres like silk or nylon, but with desirable properties added-on in terms of warmth, texture and feel, luster, tensile strength, as well as abrasion resistance. Well know name in China and Korea
Manufacturers of high end apparel, automobile upholstery, sports shoes and headgear, curtains, bedding, bags, and umbrellas pay a 10% to 25% premium for its yarns, allowing Gaoxian to generate gross margins in excess of 30% for each quarter since its IPO.
”Our market is wholly domestic,” emphasized Gaoxian CEO Cao Xiangbin during a NextInsight interview when the company posted its results. Not only is the domestic market growing faster, this means the company does not need to worry about foreign exchange losses as the Rmb appreciates. No sigificant impact on currency issues
”Our strategy is to integrate vertically and horizontally,” said Mr Cao, referring to the company’s move to be involved in more stages along the supply chain and to widen its product range. It is also developing higher-grade yarns. During the last quarter, it sold more of its higher-grade yarns, which are lighter (finer) but command higher selling prices. High margins translate to high returns
Ref: Taken from SGX news.
CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD.
(
(" (Company Registration No. 200817812K)
(Incorporated in Singapore on 9 September 2008) (1) STATUS UPDATE RELATING TO PROPOSED KRX DUAL LISTING
(A) SUBMISSION OF REGISTRATION STATEMENTS
(B) ENTRY INTO PLACEMENT AND UNDERWRITING AGREEMENT
(2) DECLARATION OF INTERIM DIVIDEND Reference is made to the Company's announcement on 10 December 2010 ("
capitalised terms used herein, unless otherwise defined, shall have the meanings ascribed in the
Announcement. (1) STATUS UPDATES RELATING TO PROPOSED KRX DUAL LISTING (A) Submission of Registration Statements
The Company has today submitted its Depository Receipts registration statement and securities
registration statement to the Korean Financial Securities Commission.
(B) Preliminary Placement and Underwriting Agreement
The Company has also today entered into a preliminary placement and underwriting agreement
with Daewoo Securities Co., Ltd (
����
(HMC
Depository Receipts to be traded on the KRX KOSPI Market ("
would further highlight the following salient terms under the Agreement: (i) New Shares 20 New Shares will underlie each Depository Receipt, and the Company will issue and
allot up to an aggregate 600,000,000 New Shares underlying the 30,000,000 Depository
Receipts. (ii) Investors The Depository Receipts is expected to be offered to public investors and institutional
investors in Korea, in the proportions 20% and 80%, respectively. (iii) Offering Period The public offering period for the Depository Receipts is expected to take place in or
about January 2011. (iv) Final Issue Price The final issue price will only be determined subsequent to the book building and pricing
exercise in accordance with Korean laws and regulations. The final issue price will be
determined mutually between the Company and the underwriters. Subsequent to
determination of the final issue price, the Company and the underwriters will enter into a
final placement and underwriting agreement prior to commencement of the Depository
Receipts offer to the Korean public. Page 2 (2) DECLARATION OF INTERIM DIVIDEND, NOTICE OF BOOKS CLOSURE DATE AND DATE
PAYABLE The Company is pleased to announce an interim dividend of
share (tax-exempt one-tier) ("
The Interim Dividend is made in anticipation of the KRX Dual Listing, and is intended to reward
existing Shareholders. New Shares to be issued pursuant to the KRX Dual Listing will not be
entitled to participate in the Interim Dividend. For the avoidance of doubt, the Interim Dividend is
not an indication of the performance of the Group for the financial year ending 31 December 2010.
Shareholders should refer to the full year financial results announcement of the Company to be
released in due course in this regard.
The Register of Transfer and Register of Members of the Company will be closed on
2011
the Interim Dividend. The Interim Dividend is expected to be paid to Shareholders on 24 January
2011.
Shareholders whose securities accounts with the CDP are credited with Shares as at 5.00 p.m on
11 January 2011 will be entitled to the Interim Dividend. Duly completed registrable transfers in
respect of the Shares received up to the close of business by 5.00 p.m. on 11 January 2011 by
the Company's Share Registrar, Tricor Barbinder Share Registration Services at 8 Cross Street,
#11-00 PWC Building, Singapore 048424, will be registered before entitlements to the Interim
Dividend are determined.
The Company will make further announcements in due course to update Shareholders as appropriate. The Company would remind Shareholders to note the following:
(1) The proposed Dual Listing may still not materialise, for reasons including unfavourable
market conditions, adverse investors' sentiments or KRX withdrawal of the listing
eligibility etc.
(2) Shareholders and other investors are advised to exercise caution when dealing in the
Shares, and should consult their stockbrokers, bank managers, solicitors, accountants or
other professional advisers accordingly. BY ORDER OF THE BOARD Cao Xiangbin
Executive Chairman and Chief Executive Officer
15 December 2010
With PE 16 the listing price after 600 million ordinary shares would be $0.66.
I don't the issue price will be so high >.<
vest4fun ( Date: 15-Dec-2010 21:37) Posted:
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China Gaoxian Receives Approval For Korea Listing
China Gaoxian Fibre Fabric Holdings, the yarn and fabric seller, has received approval from the Korean Exchange for its offering and listing of up to 600m ordinary shares in the form of Korean depository receipts (KDRs). Just last month, the company issued a statement to the Singapore Exchange saying that it has plans to sell 20-30% more products next year on the back of strong demand from China. The firm added that it had ordered 72 sets of machines to raise its annual production capacity for higher-end polyester yarn to 240K tonnes by the first three months of 2011, from its current production of 210K tonnes. The firm also invested Rmb171.5m ($33.8m) to ramp up its annual production capacity for warp-knit fabric.
Significance: The average price-earnings ratio of Korea-listed textile firms is about 14, compared to a ratio of about 6-7 in Singapore. Meanwhile, with about 20 textile companies on the Korea Exchange, a textile company like China Gaoxian, therefore, is no strange to Korean investors.
personally i feel its a very nice surprising move by the management to declare the interim dividend and its shows the confidence of the management of the krx listing. i will not hesitate to ask investors to take positions in this gem to participate in their growth.
The Depository Receipts is expected to be offered to public investors and institutional investors in Korea, in the proportions 20% and 80%, respectively.
i am quite confident the px offered will be a much higher premium than the current, how much i am not sure, but it will not be too relatively lower than its peers in krx. imagine the smaller peers are trading @ 16x pe and this gem will be the largest textile company in terms of revenue and profitability, how low can the px be?
i mentioned before, i foresee the px to be around 40 cents year end. remember, you will need to own this gem before you can sell in krx. if krx px is somewhere near 10x to 12x pe, wouldnt that drive up the buying momentum in sgx. you will be buying much more expensive in that sense. thus, i am urging investors to take this opportunity to buy in this counter. those familiar with my post, i mentioned once it passed through 30 cents, there is no looking back. if it zoomed pass 40 cents approaching year end, you will miss the boat.
summary of this gem: largest textile company in sgx and krx, earnings last year surpassed blue chip company hyflux, roe is more than 30%, profit margin is more than 30%, better higher px translated high margin as company serves mid to high end market, solid managment plans for expansion already in progress and results will be seen in 1Q 11, starting to pay dividends, high growth engine company, lots more to state if i have to go on.
i guess those that have done their homework known best. i only have to sum it up in my usual style,
load up before you are left out! load up before you are left out!
load up before you are left out! load up before you are left out!
updates on SGX abt gaoxian just now..
interim dividend @ 0.5 SGD cents, 20 shares convert to 1 KDR... even with a P/E of 16, at what price they can offer their KDR?...
Bon predict tmr's movement? =D
now market got a lot of falling knifes to catch, too many dunno which one to pick lol
load up before you are left out! load up before you are left out!
YES! Finally I can rejoice ^.^ (but you have said so many times you are leaving this thread... so this is another FAKE call)
There has been too much clog with the predictions... from the "wise" old man
PS: fyi, if you have called people here "names", that they are blind, need to see doctor, little boy and the 4 letter word *SH**, please have the decency to own up. Respect is not an obligation. Its a priviledge given to those who earns it.
Silly Bon eh...one shall earn the respect of others eh...(,")
Nobody is obligated to show u respect as u dont even respect yourself in the first place eh...(,")
Usually the older folks are more experience & more reserved in their speech & thoughts eh...but I see your mouth is as loose as your down-under lips eh...kekeke...(,")
ZebraCrossing,
Indeed gd qns. Who's e interested buyer & who's e interested seller.
They r 大鱼s, left / rite pockets only...
('',)
ZebraCrossing ( Date: 15-Dec-2010 18:36) Posted:
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