| Latest Forum Topics / China Sky Chem |
 Post Reply
|
|
Worth a bet ??
|
|
|
Henry$$$
Senior |
17-Sep-2009 14:16
|
|
x 0
x 0 Alert Admin |
In addtional to its high NAV, tomorrow thre is one fibre related IPO issued, thus should aim this counters closely. Indeed its current price is lower than issue price of new IPO. |
| Useful To Me Not Useful To Me | |
|
kiftsmktg
Member |
02-Sep-2009 15:50
|
|
x 0
x 0 Alert Admin |
hi, this counter is top recomment by analyts in business times. It's counter had ever hit as high as S$2/+ is still worth then Li Heng which is only S$0.80/+ |
| Useful To Me Not Useful To Me | |
|
|
|
|
pharoah88
Supreme |
02-Sep-2009 12:05
|
|
x 0
x 0 Alert Admin |
Are the CEO's 19% shares still pledged and with WHO? Is the NAV at S$0.71 TRUE and still valid? |
| Useful To Me Not Useful To Me | |
|
pharoah88
Supreme |
30-Aug-2009 17:34
|
|
x 0
x 0 Alert Admin |
China SKY has returned to its SKY! Last Week! |
| Useful To Me Not Useful To Me | |
|
Henry$$$
Senior |
26-Aug-2009 15:29
|
|
x 0
x 0 Alert Admin |
This counter NAV70++ |
| Useful To Me Not Useful To Me | |
|
|
|
|
louis_leecs
Elite |
19-May-2009 22:17
Yells: "half cash" |
|
x 0
x 0 Alert Admin |
cut all my stage last month,,,,,,,,,,,,,,im out all,,,,,,,,,,,,,,,,now look back,,,,,,,,,,,,,,,,im cant believe their cash burn so fast,,,,,,,,,,,500million,,,,,,,,,,,,,left 300million,,,,,,,,,,,,,,,,,,,,oh my god,,,,,,,,,how come can burn so fast,,,,,,,,,,,,,,,,i thok theire mngment hold the divident but now?????????????????????A BIG QUESTION |
| Useful To Me Not Useful To Me | |
|
Farmer
Master |
19-May-2009 12:47
|
|
x 0
x 0 Alert Admin |
Read this up first to decide - DBSV At a Glance • 1Q09 saw a net loss of RM58m; hit by high administrative expenses, low utilization, and fall in ASP. • Cash depleted rapidly by RMB509m due to high capex spending, with net cash of only RMB311m by end 1Q09. • Maintain FULLY VALUED and TP of S$0.14. Comment on Results Loss making for the first time in its history. China Sky fell into a loss of RMB58m in 1Q09, from net profits of RMB21m a quarter ago and RMB163m a year ago. The group incurred high maintenance and recalibration expenses of RMB72m for its production facilities during the quarter. Operationally, the group was still badly affected by weak downstream demand resulting from the plunge in textile exports. Utilization drifted below its breakeven level of 50%, while ASPs slid further by 15% qoq. Burning cash rapidly. China Sky has drained out its cash much faster than expected. The group spent a high capex of RMB360m in the quarter, mainly for the additional 20k tpa of SR nylon capacity. This has brought the total capex for its 35k tpa of SR nylon capacity to c.RMB600m, 50% higher than the original guidance of RMB400m back in 1H08. Management clarifies that the additional capex injection was required for quality improvement of its SR nylon products, to a satisfactory level demanded by customers and the purchase of equipment for the second line for which deposit payment and instalments have been made since mid 2008. Recommendation Jittery over recent corporate developments. The pledging of CEO, Mr Huang Zhong Xuan’s shares (19% stake) will continue serve as an overhang of China Sky’s shares. We are also uncomfortable with the rapid drain in cash, n, enormous increase in capex for SR nylon and its failure to push back the second line given current weak demand. Maintain FULLY VALUED with TP stayed at S$0.14, using 0.2x FY09 P/NTA. ANALYST: Pei Hwa Ho +65 6398 7968 PeiHwa@dbsvickers.com |
| Useful To Me Not Useful To Me | |
|
ykjuay
Senior |
19-May-2009 12:22
|
|
x 0
x 0 Alert Admin |
Any comment on tis counter , 0.175cts cheap ?? |
| Useful To Me Not Useful To Me | |