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knightrider ( Date: 26-Feb-2010 14:22) Posted:
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This is just for reference, good luck !
8 Jan 2010, UOB Kayhian Initiate Coverage
China Taisan Technology Group Holdings Limited (China Taisan) is one of the
leading producers of multi-functional knitted fabrics used for sports and leisure
apparel in China. The company supplies fabrics to leading sports and leisure
apparel brands such as Metersbonwe, Xtep, Umbro, Nike, Puma, Anta, Kappa,
Lotto, Wanjielong and E.Land.
Strong technological edge. China Taisan has a strong technological edge over
local competitors. It employs equipment with advanced technologies mainly
from Taiwan, which enables it to produce fabrics that meet international
standards when combined with its proprietary know-how.
Solid R&D links. The company enjoys close ties with the Industrial
Technology Research Institute in Taiwan, a leading research institute in the
textile industry. In addition, it collaborates with international chemical
manufacturers such as Bayer Chemicals and Clariant, as well as tertiary
institutions like Wuhan University of Science and Engineering. Its solid research
and development links with leading research institutes and industrial players help
cement its position as a global leader in textile manufacturing technology.
Strong earnings recovery in 2010. We forecast China Taisan’s earnings to
surge 130% on the back of strong orderbook in 2010 and the low base of 2009.
In 4Q09, the company saw a pick-up in orders as sports and leisure apparel
brands started to restock their inventories to gear up for 2010 sales. Thus, we are
upbeat on the company’s growth prospects in 2010.
Initiate coverage with BUY and target price of S$0.36 based on 8.0x 2010 PE,
closing the gap with the forward PEs of its regional listed peers due to the
stronger recovery expected in 2010 and China Taisan’s strong technological
edge.
High dividend yield.
China Taisan will maintain its dividend distribution policy of 30% of recurring earnings in 2009. The dividend payout ratio is likely to stabilise at 20%.
ppdghius ( Date: 10-Nov-2009 00:13) Posted:
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APPROVAL AND ADMISSION TO AMERICAN DEPOSITARY RECEIPT
(“ADR”) FACILITY IN THE UNITED STATES OF AMERICA (“US”)
The Board of Directors of China Taisan Technology Group Holding Limited (the
“Company” or “China Taisan”) is pleased to announce that the Company’s application
for the establishment of an ADR facility in the United States of America has been
approved by the U.S. Securities and Exchange Commission and effected on 29
December 2009, New York time. Each China Taisan ADR represents 30 ordinary
shares and trades in the US over-the-counter (“OTC”) market.
The Bank of New York Mellon Corporation (the “BNY Mellon”) is the Company’s
ADR Depositary Bank. BNY Mellon is a global financial services company focused on
helping clients to manage and service their financial assets. The Bank is a leading
provider of financial services for institutions, corporations and high-net-worth
individuals, providing distinctive asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services through a worldwide
client-focused team. The Bank is presently acting as an ADR depositary banker for
other SGX-listed companies such as CapitaLand Limited, Cosco Corporation (S) Ltd,
City Developments Limited, United Overseas Bank Ltd etc.
About the ADR Program
An ADR represents ownership in the shares of a non-US company and trades in the US
financial market. ADRs enable US investors to buy shares in foreign companies
without undertaking cross-border transactions. ADRs carry prices in US dollars, pay
dividends in US dollars, and can be traded like the shares of US-based companies.
Each ADR is issued by a US depositary bank and can represent a fraction of a share, a
single share, or multiple shares of the foreign stock. For each China Taisan ADR that a
US investor wishes to purchase, an equivalent of 30 China Taisan ordinary shares will
be delivered to the investor by buying from the open market of the Singapore Stock
Exchange. No new shares have been issued in the current exercise.
The owner of an ADR has the right to obtain the foreign stock it represents, but the US
investors usually find it more convenient simply to own the ADR. The price of an ADR
often tracks the price of the foreign stock in its home market, adjusted for the ratio of
ADRs to foreign company shares.
The establishment of the ADR facility will enable the Company to attract foreign
investors since they are not required to bear time difference, cross-border transaction
fees or currency exchange fees and will thereby expand the investor base of the
Company and increase the liquidity of its shares.
The Board of Directors would like to advise shareholders and investors to exercise
caution when dealing in shares of the Company and to seek professional advice when in
doubt.
BY ORDER OF THE BOARD
Lin Wen Chang
Chief Executive Officer
5 January 2009
http://chinataisan.listedcompany.com/newsroom/20100105_175104_F2X_A751CBD1C70CD628482576A200347D11.1.pdf
China Taisan’s new products met with positive
response at International Apparel Fabrics Fair
in Shanghai
•
through R&D collaborations
Introduced three new performance fabrics with multi-functionalities developed•
took away over 2000 product samples
Attracted product queries from over 600 foreign and domestic visitors, whoSingapore, 27 October 2009
Holdings Limited (“China Taisan” or the “Company”), one of the leading producers of knitted
performance fabrics used in sports and leisure apparel for renowned brands such as Nike,
Adidas, Umbro, Septwolves (
– SGX Mainboard-listed China Taisan Technology Group七匹狼
), Li-Ning (
李宁
), Anta (
安踏
), and Metersbonwe (
邦威美特斯
) is pleased to announce that company representatives who attended the Intertextile
Shanghai Apparel Fabrics Fair 2009
i (October 20-23)会
中国际纺织面料及辅料（秋冬）博览received strong response for its new and existing range of performance fabrics.
Organized by Messe Frankfurt and sponsored by the China National Textile Industry
Council, the international business-to-business trade show is one of the largest apparel
fabric and accessories trade fairs to be held in China this year. Held in the Shanghai New
International Expo Centre, the trade show took up more than 110,000 sqm of exhibition
space and attracted over 2,000 suppliers from 26 countries.
China Taisan also took this opportunity to showcase three new performance fabrics
developed through its R&D collaborations, following the success of its far-infrared
performance fabric launched at the Intertextile Beijing Apparel Fabrics Fair early this year.
The new products include the Bamboo Carbon Fibre-Negative Ions Fabric, Icy-Cooling
Fabric as well as the Integrated Breathable & Wind-Breaking Fabric.
The Bamboo Carbon Fibre-Negative Ions Fabric releases negative ions to improve the
body's metabolic rate while the Icy-Cooling Fabric provides a cooling sensation upon contact.
The Integrated Breathable & Wind-Breaking Fabric consists of three layers and has
windproof/breathable/warming properties.
Page 2
Launched early this year, the three new products now contribute about 15% of the Group’s
RMB205 million order book as at 15 October 2009. Judging from the strong response at the
trade fair, the Group expects these new products to contribute more significantly in 2010.
More than 600 foreign and domestic apparel and textile manufacturers visited the company’s
booth over the three-day event and took away more than 2000 samples of its new and
existing products.
“We are extremely pleased with the positive response to our new and existing
performance fabric products from domestic and foreign visitors at the trade show.
This is a strong testament to our R&D efforts to develop new products ahead of
market trends and cater to end-consumer’s changing tastes. Our progressive
approach will ensure that China Taisan is well positioned for the gradual recovery of
the PRC textile and fabric industry.”
Mr Lin Wen Chang (林文章)
Chief Executive Officer
Price as corrected alot from its high of 0.25.
Now is the right time to buy.
Hang on.. This counter has alot of upside..
I believe it will rocket soon . my TP at least rocket til 35cents within 2-3 months .
planet ( Date: 02-Oct-2009 11:10) Posted:
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Barron Partners has also quite a no of shares in Sinotel.
Look wat happen to Sinotel.. Boomz .. majiam rocket..
from $0.30 to $0.70+ within 1 mth !
you may hit the jackpot this round!
FW: US institutio
Singapore, 28 September 2009 – SGX Mainboard-listed China Taisan Technology Group Holdings Limited (“China Taisan” or the “Company”), one of the leading producers of knitted performance fabrics used in sports and leisure apparel for renowned brands such as Nike, Adidas, Umbro, Septwolves, Li-Ning, Anta and Metersbonwe is pleased to announce that US-based institutional investor, Barron Partners LP (“Barron Partners”) has become China Taisan’s strategic shareholder following acquisition of a stake by the latter.
For more information, please refer to the attached press release and SGX announcement.
wongmx6 ( Date: 26-Jul-2009 13:28) Posted:
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I'm conservative, i don't like penny stock, wanted to buy Taisan just purely for the seek of speculation as the trend of the market is up now.
Be franked, I'm prepared for the worst with these money.
lsj840428 ( Date: 26-Jul-2009 12:17) Posted:
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