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Fibrechem
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cashiertan
Elite |
30-Nov-2006 03:01
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watch out for fibrechem tomolo.. |
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zhuge_liang
Supreme |
21-Nov-2006 21:42
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It was higher after the company said it had won a three-year contract with XiangDa, a distributor of non-uniform microfiber synthetic shoe leather in China, to supply a minimum of 450,000 yards of microfiber synthetic leather every month from next month, dealers said. Fibrechem said in a written statement: "The contract is expected to be profitable for the company and has a positive impact on the revenue of the company for the duration of the contract." |
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ftanhc1973
Member |
21-Nov-2006 13:17
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"Riverstone IPO" Heard the big boy are coming in this afternoon to pick up some goodie. Bought 10 lots at 0.305 just in case. good luck |
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cashiertan
Elite |
21-Nov-2006 10:31
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fibrechem, break up with new high but volume is low. may be unsustanable.. |
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Nostradamus
Supreme |
03-Nov-2006 00:14
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CIMB-GK Research said it has raised its target price to $2.12 from $2.10 after it upgraded its earnings estimates for the company following a stellar third quarter financial performance. Its net profit for the period surged 168.8% yoy to HK$101.87 mln on the back of robust sales, much stronger than the brokerage's profit projection of HK$67 mln. CIMB-GK has raised its earnings estimates for Fibrechem by 4-6% for 2006 to 2008, although it only increased its 2006 EPS estimate by 2% and 2007 EPS estimate by 1% to take into account a weaker Hong Kong dollar. It expects the company's net profit to grow to HK$329.7 mln this year from HK$196.9 mln last year, then to HK$484.3 mln next year, and to HK$609.5 mln in 2008. "Although the stock has done well recently, we believe that there is still further upside," CIMB-GK analyst Kenneth Ng said in a client note. "Fibrechem remains one of our top 10 stock picks on the back of rapid earnings growth as its drive into the premium synthetic leather space," he said. |
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Nostradamus
Supreme |
19-Oct-2006 23:38
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It has secured a contract to supply a major distributor of synthetic leather for use in athletic footwear. It may also break into higher margin fashion leather. KE has revised upwards its target price to $2.10 (9x FY07 PER) from $1.62. Its historical PE is 15.5x. |
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Nostradamus
Supreme |
15-Sep-2006 16:53
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UOBKH has lifted its target price to $2.02 because it expects improvement in the margins of the Chinese manufacturer of chemical fibers as its starts production of synthetic leather. "Fibrechem's synthetic leather line began commercial production in August, " UOBKH said. "The vertical integration can retain most of the profits generated from in-house work such as weaving, the last procedure on the value chain, which usually has higher margins," it said. The newly-launched synthetic leather, named Thinkman, has exceeded expectations, the brokerage said. "China is the world's largest shoe and garment maker. Now, Fibrechem supplies its leather to renowned domestic shoe and garment providers," it said. "We see a continuous demand explosion in the next couple of years." |
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Nostradamus
Supreme |
06-Sep-2006 17:05
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DMG says it has raised its target price to $2.62 because it expects the Hong Kong firm's foray into synthetic leather production to make money. "With a new money-spinner, we upgrade our price our price target as a leather producer trades at a higher valuation," DMG analyst Tan Khow Sion said in a note. Fibrechem recently started commercial production of synthetic leather at a plant in the Chinese city of Xiamen. However, Fibrechem's transformation from manufacturer of fiber into a manufacturer of synthetic leather had not yet been completed, Tan said. |
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lewsh88
Senior |
06-Sep-2006 13:05
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Hi Folks, What's the upside/downside on this stock at its price today? Thanks |
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Nostradamus
Supreme |
31-Aug-2006 13:18
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CIMB has raised its target price to $2.10 from $1.41, bullish on the prospects for the company's synthetic leather plant. "We have rolled forward our target basis to 10x fully diluted 2007 PER from 2006, after seeing evidence of the synthetic leather rollout," CIMB analyst Kenneth Ng said in a note. "Synthetic leather earnings from the fourth quarter onwards should underpin 2007 earnings growth," he said. |
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Nostradamus
Supreme |
28-Aug-2006 22:24
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It recently conducted a plant visit to its factory in Xiamen for analysts. It has just commenced commercial production of synthetic leather, after recent delays caused by bad weather. The plant is running to expectations and is on track to meet management's target of 2m metres of synthetic leather for the rest of the year. Based on the plant's annual capacity of 12m sq m per annum, it is probable that it may be able to exceed this year's target. With the planned hike in production capacity of nylon-polyester bi-component long fibre and core sheath, KE is raising its FY07 forecast by 2.4% to HK$519.7m and our FY08 forecast by 8% to HK$560.9m. It remains the quality leader among Singapore-listed fibre producers, evident in its high margins of above 35% and a 3-year EPS CAGR of 42%. KE is raising its target price to $1.62. |
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Gallen
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05-May-2006 08:34
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Extracted from my blog http://kelongstocks.blogspot.com [B]Technical Analysis[/B] Chart shows Fibrechem in uptrend channel after bouncing off a low of $1.21 on 28 Apr 06. Today's candlestick showed a spinning top indicating price uncertainty. A breakout on high volumes above $1.43 could see prices heading towards a technical target of $1.64. Invalidated if prices break uptrend channel support. ..............continued at my blog |
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Gallen
Senior |
04-May-2006 22:25
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Extracted from my blog http://kelongstocks.blogspot.com Fundamental Analysis Continued strong demand from core-sheath nylon-polyester bi-component fibre and maiden contributions from new product, differential sea-island bi-component short fibre, helped to boost revenues for 1Q FY06 compared to 4Q FY05. Gross margins improved by 0.3% due to higher margin products. Fibrechem mentioned that pricing of products and raw materials were relatively stable for 1Q FY06. Margins are also expected to improve with expected production of high-end synthetic leather in 2Q FY06 which will drive revenue and earnings growth in 2H FY06. Nevertheless, do take note that net profit was boosted by a small one-off gain from value added tax refund which probably boosted profits by about SGD 300k and net margin by about 0.5%. .............continued at my blog |
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Nostradamus
Supreme |
13-Apr-2006 00:26
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There's talk of hedge fund buying. |
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Gallen
Senior |
12-Apr-2006 09:26
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Fibrechem cheong liao ahhhh, broke out of flag, check out http://kelongstocks.blogspot.com |
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Gallen
Senior |
12-Apr-2006 08:18
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Extracted from my blog http://kelongstocks.blogspot.com Please remember to "support" my blog, thanks :) [B]Fundamental Analysis[/B] Fibrechem's profit for 2005 of HKD 196.9m exceeded target of HKD 180m. Management is optimistic of meeting HKD 280m profit target for 2006. Fibrechem differentiates itself from the competition by moving into differential nylon-polyester bi-component fibre product and the new "core-sheath" nylon-polyester bi-component fibre product and has a dominant market position for these 2 products. Expect margins to continue to improve with full year contributions from "core-sheath" nylon-polyester bi-component fibre product and another new product, differential sea-island bi-component short fibre products (started production in Jan 06), which will be used for production of high-end synthetic leather (2Q 2006). Discontinuation of lower margin products (polyester and differential polyester products) also helped boost margins. Figures have taken into account the issue of 60m redeemable cumulative preference shares. Only cautionary note is the impact of high oil prices (oil prices have risen to around $69) on the cost of raw materials which may affect margins (factored into forecasts). .............continued at my blog |
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Gallen
Senior |
11-Apr-2006 22:07
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Extracted from my blog http://kelongstocks.blogspot.com Please remember to "support" my blog, thanks Technical Analysis Fibrechem is consolidating in a bullish flag formation after advancing from 88.5 cents on 17 Mar to hit an intraday high of $1.22 (height of flagpole). Supports: $1.13 (recent support in flag formation, also gap support on 13 Mar 06), $1.06 to $1.09 (support within flag) $1.03 (gap support on 21 Mar 06) Resistances: $1.19 (recent resistances in flag formation), $1.22 (historical intraday high) Indicators: Mixed to bearish. RSI has crossed down from the overbought zone during the flag formation phase and is consolidating just below this zone, MACD has also crossover to the negative region while Stochastics continue to trend down after crossing down from overbought zone. .........continued at my blog |
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