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CAO in hokkien mean either run away or U can't catch me, certainly BP(Buy n Punt) is vested here in v v big way n can even return to d good old day,$3/-?? thk to BP
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milk time, collection time $0.98ct's, Cantonese called it KaoFatt, KaoFatt, when it does go go go like CAO, can't catch d China wind liao, matter of when, oni d big boys know. We don't know, ai lai liao....
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CAO?? is BP. BP. B:)ull(P:)unting B:)ullP:)unting BP it d BiggestProfitting now liao, foolow by Temasek, there's some hope liao for some China stock catching China wind again.
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WoW.. BP BP BP Cheongg...liao, Buy n Punt, Buyn Punt, BUllPointed d way, BullPull and BULLProfitting on d way, yahoo it hit rate tip $1.80/- Cantonese called subFatt....
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BP BP BP Cheong.liao BullPointed, BullPunt and BullpProfitting.......Yahoo.. Hip Hip horay China stock got hope liao...
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Gregory Yap of Kim Eng Securities made several observations in his report at http://www.research.kimeng.com/openaccess/pdfform.cfm?pdffile=China%5FPaper180306%2Epdf
These are insightful commentdation.
[quote] Valuations and recommendation
CPAP currently trades at less than 5x 2005 reported PER and about 4x 2006
forecasted earnings. It also offers a projected dividend yield of about 6%.
China Paper was 1st listed in Jul04 at 7x 2003 earnings. Earnings have doubled since then although sales have grown by only 18%. This suggests a tremendous capability within the business to improve yields & margins, enabling the coy to live up to its commitment to pay 30% of profits as dividends.Investors holding on since the IPO would have enjoyed annual returns of 5-6%.We expect the coy to post earnings growth of 15% in 2006, followed by 23%in 2007.Our 2006 forecast is conservative as it does not factor in likely-positive contributions from a new product (details for coated paper yet to be released) or possibility of M&A down the road. Our DCF model values the stock at S$0.65, or potential upside of 77%. We would point out that there's substantial potential for revision as we have very conservatively used a risk free rate of 5% and mkt premium of 10%, which we deem more appropriate for China-based companies due to the higher systemic risk. At S$0.65, CPAP would still trade at just under 8x 2006 forecasted earnings, inline with the average valuations of China plays currently. Other Asian paper
companies trade at 11x on average, a discount is justified given d difference in revenue size & mkt capitalisation.
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CAO tmr listing liao. Let call for BP, BP to Cheong... (Buy n Punt, Buy n Punt)Bull punt, Bull punt, Bull profit Yes..liao...
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Luzhou tested a new hi of 61cts liao, got hope liao for CAO tmr, let us all wish BP, BP buy n buy, seem end of d day, some support coming in to welcome CAO
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Tmr, CAO and BP BP BP ai Cheongg... if not Si liao, so far today china stock do show some support end of d day, w/China paper up +6.3%(+3cts)to 51cts-vol 35.5mil, my personnal opinion oni, it can go go go.. i mean BP(BullPoints, BullPull, Bullprofit).
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China Paper has a target price of 65 cts, set by KimEng Securities. It's relevant to know that PE px is oni about 7.5X FY'06. Still far from being expensive. happy liao to those believe in this stock, vested here.
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milk is still very resilent, ppl still believe one doller note is still worthy to hold, whether it mkt up or down, like me, look likely all concern vested players, esp big boy is watching who is going to start d ball rolling 1st, today (Tues) profit taking day, seem not perpare to weclome CAO tmr leh.., seem oni 2big boys vested with temasek playing a less (<5%) important role, in mandarin it said inchoa, inchoa as Temasek seek to short cut it Q to China.
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A quite day where china stock is taking profit, seem likely not ready to welcome CAO leh..like that CAO oso can mati liao, except those 2 big boys and temasek. any way Sun East got a good review/report, 35% upside compare to BeautyChina.
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Thank Gallen for d report link to Sun East, indeed a v good report by one of ur many viewer, v well explained, will be finding how hot this IPO will be.
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March 27, 2006 did any one read The Straits Times ??? Fresh trading start marks end of CAO saga???, Be warn of d rumblings behind the scenes of a nice pic been painted. AGAINST all odds, CAO may be 'like a Phoenix that can flourish again after death', think again !!!! humm...too many deep losses (hole is v chim, too many ppl dead oredi)imagine, it like a huge giant fire been explose again, ppl will get out w/what ever they have, oni d brave one will try their luck
Not vested here
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Hi PrettyLisa. I'm at peace w/myself, no more v v dangerous play liao.
Here's d reason why, no more (Fri)31Mar.
Trading can start on SGX (Wed)Mar29.
CAO to complete its restructuring by Tues, Suspended since Nov04. Disclosed, it lost US$550mil from trading in oil derivatives. last traded at S$0.965cts
CAO will issue 529.3 mil new shares. It
China parent co will own nearly 51% stake after its restructuring. New investors, BP, will have a 20% stake and a subsidiary of Temasek Holdings will own less then 5%(mandarin said inchoa).
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Here another explaination:- Every one lot at $1/-, he can take back is 15-20% of his capital (assuming market opens at 0.51 to 60ct?s) In other words, minority shareholders who used to have 1,000 CAO shares will end up with 270 shares once CAO is re-listed, minority shareholder's 1,000 shares worth $965 before the suspension will have a market value of $139 (270 x $0.515). That's a loss of 86 per cent. I hv decided to stay out of this counter...can't bear to know how to make money when a lots of others r crying..... if there is interest. It will become "BULL" poo. Still it will shot up like all the China play. That's human.
For those involved, it is more than $$$ at stake. Reputations r at risk as well.
With their pedigree, one would assume that, to take the plunge they would have to have at least a 70% confidence level in making the new CAO work. jet fuel industry, because large investments are needed for what is essentially a risky business,'
CAAC said last April, deregulation of the jet fuel industry is in, in China.
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Philip Security target price $1.21.!!!! tmr for sure milk Cheong..to a new high,
When..? just now during moneymind 9:30pm,
Catch d repeat at mn or tmr 6 am. Then at 8.59, then sure make $$$...liao If you don't make money, blame the analyst..,
vested, still holding dearly to my IPO px. Good luck to all vested.
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v v dangerous play. Did U read Sat ST paper page S31 (money) high lighted China IPOs adding spice to local bourse, can't C
Sunshine and/or CAO recommendation, but can C Sun East recommendation, another China Beauty in d making debutante in SGX that make bust creams, skincare products and dis-infectant spray ???maybe a good stock coming into play on d 1st tading day April 3, 2006 Yah..
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April 3, 06(Mon) 1st trading day for Sun East grp IPO (another new wk) compare to (Fri - 31March06). I see a double edge sword for Sun and CAO on this day
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Sunshine. That rite, worth a STAG... Friday is usually a profit take day, Mar31,06 oso opening day for CAO, a double edge sword.
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