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ChinaGaoxian
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james87
Veteran |
18-Jan-2011 11:28
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thinking of loading up more. since listing is just a week time..
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motoe689
Member |
18-Jan-2011 11:11
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I had positive vibes about the company after the meeting. The proceeds from the KDR issue will be used for its upstream expansion into the production of PET chips, the primary raw material of polyester yarn. GX will become one of the few large polyester manufacturers with upstream production capability. This was highlighted in the UOB Kay Hian research report handed to us at yesterday's meeting. UOB KH has an undemanding (in their own words) target price of $0.53, which is at a 46% discount ot GX's Korean peers and 15% discount ot its SGX peers. They apply discount due to: execution risk arising from large scale capacity expansion, and market risk arising from uncertainty over PET (Polyethene terephthlate)/ PTA (Purified Terephthalic Acid) going forward. Management and Daewoo was positive on the prospects of the company, and Daewoo indicated that they are confident that the price of Gaoxian will rise when it's listed on KRX (if the market is rational), given that it will be the largest textile company listed on the KRX, and it has good fundamentals. They cited the example of a China solar company which listed in Korea in August 2010, China Sheng Long, which listed at about 2000 KRW, rose to about 10,000 KRW and is now at more than 8000 KRW. This proves that the Korean market will recognise the value of a good company, no matter if the company is from China or another country. |
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crystal1818
Veteran |
18-Jan-2011 10:49
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After attending the meeting, what's your view fundamentally on this org in terms of co prospects? Are you confident with the management and co growth?
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motoe689
Member |
18-Jan-2011 10:31
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I attended the meeting. I posed the questions on why the KDRs were issued at a discount and why Daewoo feels that 4X oversubscription was considered a good response from Korean market... | ||||
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GuavaXF30
Master |
18-Jan-2011 10:15
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Check out report in http://www.nextinsight.net/. Quite sensible explanations given on their moves. Think management knows what they are doing.
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erictkw
Veteran |
18-Jan-2011 09:30
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Anyone attended the meeting yesterday at Suntec? http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/912-2011/3392-china-gaoxian- |
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goldenpiggy
Senior |
18-Jan-2011 09:22
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hi medivh, care to share? :)
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medivh
Elite |
18-Jan-2011 09:12
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IMHO, there are other better counters to look at bro. | ||||
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masterlim8888
Senior |
18-Jan-2011 07:24
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with Morgan Stanley, Deutsche Bank, Nomura, Tong Yang Asset Management and Hana UBS taking a stake in the gem, im very sure the gem will shine. stay in this gem's club that can multiply your profits. load more on dip!   load more on dip! load more on dip! . chart showing a dip after a fierce run up. but will be well supported above krx listing px but use the opportunity to load as i foresee the first day of trading it may run up. there is a good chance it is running up looking at who is the doing the listing for them and who are the institutionals investors for them. aside from this, the next results annoucements will bring good surprises, very confident of the news the gem will be bringing to us. load up before you are left out x 8008 times |
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masterlim8888
Senior |
18-Jan-2011 00:06
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with Morgan Stanley, Deutsche Bank, Nomura, Tong Yang Asset Management and Hana UBS taking a stake in the gem, im very sure the gem will shine. stay in this gem's club that can multiply your profits. load more on dip! load more on dip! load more on dip! . chart showing a dip after a fierce run up. but will be well supported above krx listing px but use the opportunity to load as i foresee the first day of trading it may run up. there is a good chance it is running up looking at who is the doing the listing for them and who are the institutionals investors for them. aside from this, the next results annoucements will bring good surprises, very confident of the news the gem will be bringing to us. load up before you are left out x 8008 times |
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dragoncloud1988
Member |
17-Jan-2011 23:06
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rather question is how high can it climb | ||||
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motoe689
Member |
17-Jan-2011 22:53
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Latest korean news on China Gaoxian listing - released today: translated from http://www.edaily.co.kr/news/NewsRead.edy?newsid=01863046596118704&SCD=DB23&DCD=A10102 ---------------------------------------------------------------------------------------------------- [This is not the daily Sung or reporter] Korean stocks traded 2 car undergoing people's Republic of China and the unique island of ball Corporation (China Gaoxian Fibre Fabric Holdings Ltd.)Of the listed below represent the host with the complicity of the firm Daewoo securities (006800) , as well as the means of their lowest 634 billion is an indication of the likely, not float. 17, according to the IB industry our for the last 13-14, people's Republic of China conducted and island in the general public subscription competition rate is 0.46-1. Conspiracy to DR (securities depositary of securities), 30 million of general investors at 55.5% of the assignment (1666 million shares) of subscription stock 761 million shares. Failure to give a stock company organised only 905, and including, the means must be acquired. Representatives of the subjective Daewoo securities, a subjective hanwha securities (003530) acquired the company, including IBK ·HMC investment securities 4. Public offering price is 7000 circle come ddeoanaya billion to a total of 633. By hanwha securities brokerages, 317 crore this seems to be. Initially, the General investor assignment of materials (16.7% of the 500 million shares) of subscription competition rate 0.10 (49 million) 1. Assignment volume 33.3% (997 million shares) of 0.60 (599 million shares) of the competition for the 1, representatives of the subjective Daewoo securities is also expected to 280 billion. IBK investment securities is 0.52 1-to-42 million. On the other hand, HMC investment securities is 1.05-1 record. But the argument amount more blow me nutrients, too. Subscription gold proof 50% because it is 17, payment, those who have an existing subscription, the remaining 50% of the unpaid amount as if the ddeoanaya additional. If the total amount if you are due before acquisitions amounts to 900 billion blow. Just add the quantity paid prior to the argument that hope to investors in argument by this quantity will be reduced. In total as a means of offering amount (2,100 million) of 7.6% (160 million), a substantial fee income, but made the island after the people's Republic of China listed on the stock price depending on the flow of materials acquired or disposed of evaluation loss loss nutrients, not even its own distressed seems to also be significant. Daewoo securities, the fee is 120 crore. This is the last year, the largest in Samsung life 4 trillion won in a publicly traded conspiracy 8900 representatives host Korea investment securities-approximately 105 billion to your situation. Total fees of 33% is organised by the company shares, representing the first argument of the remaining fees keeping percentage is due to additional outdoor. Of course, the argument of ROI expectations would have. IB industry official said, "reported the news subscription dropping below the price is not very big Singapore circumference of no width," and "unexpected argument at the quantity, but up yellow or profitable superior entrepreneurs have enough anticipation," he said. People's Republic of China and the island on September 18, 2009 in the Singapore Stock Exchange listed holding companies. 2010-1-3 quarter 13 billion RMB, operating profit 4 billion RMB to 19 million sales profit rate is 29.56%. Polyester production flagship on upper Fujian myth at Island salt direct co., Ltd. (New Huawei) and four subsidiaries. Last year, December 9, Korea Exchange preliminary examination through the Nov. 25, ahead of the second listing. ----------------------------------------------------------------------------------------------------- I think the expectation in Korea is that the likelihood of Gaoxian trading below its KDR issue price is low... |
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PowerReloaded
Member |
17-Jan-2011 18:14
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Tools & charts are not my primary decision making but only an additional. BBs read better charts than anyone because they have $$$ to manipulate & set trap. My other counters Xinren, Bright World (refer to my previous). See how they run. Lookout for JES for confirmation.
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medivh
Elite |
17-Jan-2011 16:49
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Confusion? Look for jumping frogs... Anyway, i agree with reloaded.. don't trust anything ppl tell you .. look out behind and infront of you. |
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krisluke
Supreme |
17-Jan-2011 15:46
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But, you still need the chart to determine the price entry. Indicators do help ito certain extend like resistance and support level, overbought and oversold region. overall is still up to the reader on how well he/ she may be able to interpret the chart correctly. Although some economic news and fundamental factors would impact the price, in the end for seasoned chart reader / trader, those are just secondary. just my 2 cents.
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crystal1818
Veteran |
17-Jan-2011 15:24
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Ya, I missed sino-grandness too. :( Ok, thanks for the advice. So, 0.40 is a good cherry pick for Ziwo? :P
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krisluke
Supreme |
17-Jan-2011 15:18
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Yes. including dividends also unless declare less tax. If make money, income tax is just nothing mann !!! !! | ||||
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watercrests
Member |
17-Jan-2011 15:14
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Anybody knows that do we need to pay for the capital gain tax for profit making from shares trading? Someone ask me that question but I have no clue ley... ;) |
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dragoncloud1988
Member |
17-Jan-2011 14:38
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Lol all going off topic.... All given up on this CHINAGX liao ah | ||||
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PowerReloaded
Member |
17-Jan-2011 13:12
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Look at Sino-Grandness. 37cts to 42-43cts and back to 37-38cts. Consolidated there for couple of weeks. See what is the price now. Ziwo, you know, i know. Facts & figures. Dun trust too much on tools & charts. 50% will do. Remember the history. Not only few counters but as many as possible. In actual fact, not many. Only about 1000 counters. From 1000, using sector removal method. Example- Electronic or related. Only 2. Marine local 1 or 2, Marine Oversea 2 etc. |
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