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Latest Forum Topics / China XLX Fert  Post Reply
China XLX Fertiliser Limited
tradersgx
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24-Nov-2009 22:36     
 
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China XLX Fertiliser said it has received in-principle approval on Monday for its dual listing in Hong Kong.

The Chinese company said it had on Aug 14 filed an application to Hong Kong Exchanges and Clearing Limited (HKEx) for the listing and trading of its shares on the mainboard.

24.11.09 BT
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RockyHero
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24-Nov-2009 19:10     
 
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 Alert Admin 		0.395 seems like a bargain! Anyone longing this counter?
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tradersgx
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22-Nov-2009 22:14     
 
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China XLX: FULLY VALUED; S$0.43;
CXLX SP Price Target : 12-Month S$ 0.35 (Prev S$ 0.40)

Poor earnings hit by unexpected items

• Disappointing 3Q09 results at c.70% below our and
consensus estimates, dragged by application fees for dual
listing and hedging loss.

• 1H09 earnings were adjusted down by RMB18m to
comply with the stricter HK accounting standards.

• Cut FY09 and FY10 forecasts by 39% and 23%
respectively.

• Target price reduced to S$0.35, implies 19% downside.
Maintain FULLY VALUED.

DBS 16.11.09
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Philgoh57
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15-Oct-2009 22:34     
 
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China XLX Pursues Dual Listing On Solid Foundation For Growth

http://www.sharesinvestment.com/articles/504001/
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yipyip
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29-Jul-2009 12:19     
 
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Speculation of dual-listing in HK

Seeking dual-listing in HK. China XLX announced this morning
that the Group is proposing a dual-listing in HK. This is still at
very preliminary stage with no details . The proposal is subject
to the approval of Hong Kong Stock Exchange and the
approval of the Shareholders.


Valuation gap should be narrowed in the event of successful
dual-listing. Historically, CXLX has been trading at a discount
of 25%-35% to its HK peers. The dual-listing should positively
impact CXLX's valuation in Singapore. We believe the
valuation gap between CXLX and its closet peer in HK, China
Bluechem would be narrowed. However, a marginal discount
should remain, in view of China Bluchem's much larger market
capitalisation and SOE premium.

Results preview and Outlook
Fundamentals remain weak. The dual-listing is deemed to be a
positive development for CXLX, in terms of valuation. However,
the outlook of the company remains gloomy. The issue of urea
oversupply is unlikely to be resolved this year and fluctuations
in coal cost could further dampen the earnings of the
company.

Maintain FV, TP raised to S$0.44.
Share price has run ahead on speculation of the dual-listing
in HK, where discussion is still preliminary at this point.
We roll over our valuation to blended FY09/10 earnings and
TP is raised to S$0.44(Prev: S$0.37), still pegged to 9x PE. In the event
of a successful dual-listing, we believe the fair value
should be adjusted to S$0.53 at 11x PE, which is a 10% discount
to its closet peer, China Bluechem. We advise investors to sell into strength.

(DBS 28/Jul/09)
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Hulumas
Supreme
03-Jun-2008 11:39     
 
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Yells: "INVEST but not TRADE please!"
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Dear Cyjjerry85,

You should have losed confidence in the first place to those brokerage firms before investing in stocks. That could be the eassy way, they might earn money out from us perhaps....



cyjjerry85      ( Date: 02-Jun-2008 08:57) Posted:

beginning to lose confidence in these brokerage firms giving analysts calls...most of the time no accurate...as and when they like...upgrade..the next moment downgrade...its all up to them...

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starnite
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02-Jun-2008 16:55     
 
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haha... actually what they have forcasted is accurate.. Just play the opposite in short tem! haha..  When they have a Buy call, better run as fast..

When they have a SELL call, better pawn ur sarong to buy everything! haha..  anyway, just always take them as references,  I still believe at the fundamental and charts.
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cyjjerry85
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02-Jun-2008 08:57     
 
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 Alert Admin 		beginning to lose confidence in these brokerage firms giving analysts calls...most of the time no accurate...as and when they like...upgrade..the next moment downgrade...its all up to them...
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SmartBear
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02-Jun-2008 01:17     
 
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ya i agree.

a downgrade from 1.61 to 0.75 ?? sounds logical or not ?

but the question is dunno which price to enter is a good price...
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starnite
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02-Jun-2008 00:23     
 
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there is 101 reasons for analyst to downgrade the counter.  Either for its own benefits or "professional" advise... But not all analysis are bad, just depends on when u read it.  Just like JiutianC, if i dun remember wrongly, one big research firm downgrade him to underperformance, and yet bought up lots of shares soon after... So... are we expecting China XLX to cheong soon? Smiley

 
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strike1147
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01-Jun-2008 10:15     
 
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then i believe a lot ppl are waiting to short it down below 0.76 after downgrade

 



zhuge_liang      ( Date: 01-Jun-2008 00:47) Posted:

Morgan Stanley downgraded China XLX, the Henan, China-based maker of urea and methanol, to "underweight" from "overweight" on growing margin pressures, increased volatility in methanol prices and higher coal feedstock costs. Morgan Stanley cut its target price on the shares to $0.75 from $1.61.
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zhuge_liang
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01-Jun-2008 00:47     
 
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 Alert Admin 		Morgan Stanley downgraded China XLX, the Henan, China-based maker of urea and methanol, to "underweight" from "overweight" on growing margin pressures, increased volatility in methanol prices and higher coal feedstock costs. Morgan Stanley cut its target price on the shares to $0.75 from $1.61.
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ogos2992
Member
31-May-2008 11:44     
 
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XLX performance the past months:

Date

 

Open

 

High

 

Low

 

Close

 

Avg Vol

 

Adj Close*

 

May-08

 

0.94

 

1.06

 

0.90

 

0.93

 

7,550,500

 

0.93

 

Apr-08

 

0.76

 

0.99

 

0.73

 

0.93

 

11,446,000

 

0.93

 

Mar-08

 

0.86

 

0.88

 

0.47

 

0.75

 

7,613,400

 

0.75

 

Feb-08

 

0.86

 

0.93

 

0.79

 

0.89

 

10,699,500

 

0.89

 

Jan-08

 

1.09

 

1.24

 

0.79

 

0.83

 

12,652,800

 

0.83

 

Dec-07

 

1.04

 

1.24

 

0.95

 

1.09

 

8,983,300

 

1.09

 

Nov-07

 

1.31

 

1.31

 

0.90

 

1.02

 

12,371,300

 

1.02

 

Oct-07

 

1.36

 

1.50

 

1.14

 

1.29

 

14,964,800

 

1.29

 



 
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zhuge_liang
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30-May-2008 23:44     
 
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 Alert Admin 		China XLX tumbled after a foreign broker downgraded the stock to $0.75 from $1.61.
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Hulumas
Supreme
30-May-2008 21:49     
 
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Yells: "INVEST but not TRADE please!"
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 Alert Admin 		Oh no.... paper loss deeper and deeper, let it be, let it be....
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herryr
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30-May-2008 20:22     
 
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 Alert Admin 		one more thing, there's BuyVol, Mid, and SellVol. What is Mid ???
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herryr
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30-May-2008 20:21     
 
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 Alert Admin 		I'm new at this, I'm hoping fellow members could help me out =) ... Time Last Vol Buy/Sell 17:05:01 1.080 119,032 X 16:59:58 1.090 50 B Buy is denoted by B, Sell by S, what is X then? Also, Last Trades Vol BuyVol Mid SellVol TOTAL 2,134 357,137 97,858 130,556 128,723 When we buy stocks, we actually look at the Sell Price. What about in this case? Buying volume is determined by SellVol ??? Hope someone could shed some light on this, much appreciated ...
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xoxoxo
Member
30-May-2008 18:13     
 
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15:23 Reuters Singapore Hot Stocks-China XLX falls on bank downgrade


Hippo1      ( Date: 30-May-2008 15:25) Posted:

Got Bad News????
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Hippo1
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30-May-2008 15:25     
 
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 Alert Admin 		Got Bad News????
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cyjjerry85
Elite
30-May-2008 14:25     
 
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 Alert Admin 		the price continuously dipping...quite badly at the moment..
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