| Latest Forum Topics / Fujian Zhenyun |
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IPO shorting
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ekekeg
Veteran |
08-Aug-2007 15:21
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Thanks a million, vlaztguy! I didn't get the IPO so trying to find some info on this. Yours very useful. So the company is a real gem. Tho small, few co even in the main board can really match its earnings and potentials. Profit half time : SGD 7.02 Million NTA SGD 0.60 EPS: SG 7.8 cents Potential $1.00 and above soon. Going to buy as many as can afford! Terimah Kasih for the information. |
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vlazyguy
Member |
07-Aug-2007 12:55
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NEWS RELEASE 07-Aug-2007 12:44:14 FUJIAN ZHENYUN REPORTS 16.4% INCREASE IN NET PROFIT TO RMB35.6 MILLION AT HALF-TIME - Driven by higher sales of PVC and PE pipe products - To embark on capacity expansion to meet strong demand for products Performance Review The Group?s strong revenue growth in HY2007 was driven by higher sales contribution from both its PE (polyethylene) division and PVC (polyvinyl chloride) division. Revenue contribution from the Group?s PE division grew 11.9% from RMB75.4 million in HY2006 to RMB84.4 million in HY2007, accounting for 39.8% of total revenue. Sales of the Group?s PVC piping systems increased by 21.5% to RMB127.6 million in HY2007, contributing 60.2% of total revenue. Mr Huang said: ?Our revenue growth in the first half of the year was driven by higher business volume from customers as well as the growth in economic and infrastructure development. The increase in sales from our PE division was led by increased orders from customers for our water and gas piping systems and higher selling prices of PE piping systems. For the PVC division, sales growth was mainly attributed to higher orders for communications and electrical piping systems.? Overall, gross profit margin improved from 26.5% in HY2006 to 27.4% in HY2007. While gross profit margin for the Group?s PE division remained stable in the half-year under review, the Group?s PVC division saw an improvement in its gross profit margin due mainly to a decrease in the prices of PVC raw materials. ---- Aside: I think the share will rebound from 0.755 (current) to near yday close of 0.810. |
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ozone2002
Supreme |
03-Aug-2007 11:40
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shorted from 90c to 78c... in doom n gloom..only way for shares is down.. good luck :) |
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