Latest Forum Topics / China Auto Elec | Post Reply |
China Auto Electronics Group Ltd
|
|||||
chinastar
Senior |
04-Jul-2008 15:15
|
||||
x 0
x 0 Alert Admin |
QDII fund will start buying the China A share, HK H share and the singapore S share. Market sentiment will be good at the end of July.
|
||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
04-Jul-2008 05:47
|
||||
x 0
x 0 Alert Admin |
QDII fund eyes one billion yuan ( Reuters in Beiljing ) Bank of Communications Schroders Fund Mgt is aiming to raise up to 1 billion yuan for its 1st overseas fund later this month. 60% of the money raised would be invested in global stocks. source: south china morning post dd 030708
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
chinastar
Senior |
02-Jul-2008 10:36
|
||||
x 0
x 0 Alert Admin |
China Auto Electronic CEO Mr Wang Laisheng spent about half a year in Japan for training on advanced engineering technology relating to the manufacture of connectors in 1986. In 1988, Mr Wang graduated from the Party School of the Hebi Municipal Party Committee. In 1991, the PRC State Council conferred on him an honorary cert for his outstanding contribution to the development of China's automobile engineering technologies. In 1993, he was appointed as deputy chairman of the China Automobile Electronics and Electric Development Center. In 1995, Mr Wang was named as an Outstanding Expert by the Henan Provincial Govt. Since 1990, Mr Wang has been a committee member of the National Automobile Standardisation Technical Committee. Mr Wang is the CEO now.
|
||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
02-Jul-2008 05:57
|
||||
x 0
x 0 Alert Admin |
China auto elec has to focus its business in China. Hope to see a good 2nd qtr result. Also, CEO Mr Wang will activate the share buyback scheme. Just wish Mr Wang will come to Singapore to speak to ZB chinese newspaper reporter about CAE performance.
|
||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
02-Jul-2008 05:43
|
||||
x 0
x 0 Alert Admin |
1) Change in appt of Mr Wang Lai Sheng from Executive Chairman to CEO & President
In view of the fact that the comany's business is located mainly in China, the Board decided that it would be more appropriate for Mr Wang Lai Sheng to assume the role of CEO & President as he residing in China and is familiar with business practices in China.
2) Change in appt of Mr Rudolph Schlais from CEO and President to Executive Chairman
Mr Rudolph, with his international corporate experience, would instead be appointed as the Executive Chairman of the company and his duties will relate to the general mgt of coy's business located outside of China, including representing the Board to the shareholders and strategic partners.
( 1ST July Announcement )
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
chinastar
Senior |
01-Jul-2008 11:02
|
||||
x 0
x 0 Alert Admin |
Association of China Automobile reported that Month of May Car sales was up to 564600 units. Car sales is not affected by the China earthquake. Car demand from the asia biggest car market is strong.
|
||||
Useful To Me Not Useful To Me | |||||
sthinvest
Member |
30-Jun-2008 15:25
|
||||
x 0
x 0 Alert Admin |
Yup. This is one good undervalued counter with huge growth potential. China auto industries is a sunriser! Just only consider the potential number of cars her own people would need is simply mind blowing. |
||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
30-Jun-2008 05:18
|
||||
x 0
x 0 Alert Admin |
It is time to accumulate the stock before the rally.
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
chinastar
Senior |
29-Jun-2008 12:26
|
||||
x 0
x 0 Alert Admin |
Mr Kyle Shaw is the MD of Shaw Kwei & Partners ( HK Pte Asset & Investment Co.) He said that China is the world's 2nd biggest car production country. China car and parts business will be the next high growth industries. China has sold 2.58 million units of cars in the 1st Qtr of 2008. China car part business will be very profitable and will be a high return investment. (extract : ZB chinese paper dd 220508)
|
||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
27-Jun-2008 14:33
|
||||
x 0
x 0 Alert Admin |
I was in hk recently. as far as i am concerned, the hk investors are waiting for the market to move at the end of july. let's see how it go next month. You have to study the A share , H share movement in general. Timing is very important . Do u have to holding power?
|
||||
Useful To Me Not Useful To Me | |||||
mazimaz10
Senior |
27-Jun-2008 07:39
|
||||
x 0
x 0 Alert Admin |
On what ground u say the H and S share will move on July 08? | ||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
27-Jun-2008 07:28
|
||||
x 0
x 0 Alert Admin |
H share and S share will move sometimes in July 08. Don't miss the boat. still have time for bargain hunting KUNG FU PANDA IS ON THE MOVE
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
chinastar
Senior |
27-Jun-2008 07:21
|
||||
x 0
x 0 Alert Admin |
China Auto Elect CEO is holding 4 million shares bought from the open market.
|
||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
25-Jun-2008 16:07
|
||||
x 0
x 0 Alert Admin |
CAR BUSINESS IS BOOMING IN CHINA According to China's National Bureau of Statistics, sales of cars in April 08 rose 25.7% y-o-y , while a Business Monitor International report on China's automotive industry last year projected car sales to hit 9 million units this year and 12.5 million units by 2011. (source: THE EDGE SINGAPORE 260508 )
|
||||
Useful To Me Not Useful To Me | |||||
sthinvest
Member |
25-Jun-2008 14:15
|
||||
x 1
x 0 Alert Admin |
Agree with your thoughts. Infact current price present unprecedented buying opportunity. CAE is a profitable company currently in expansion mode with US subsidary being set in order. The stock price was sold down from its 52 week high 83c to current 13.5c which is all time low. With NTA 23.7cents and PE 3x, the stock is definitely ripe for picking !
|
||||
Useful To Me Not Useful To Me | |||||
strike1147
Member |
24-Jun-2008 23:17
|
||||
x 1
x 0 Alert Admin |
long term investment as low PE and Share Buy Back | ||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
24-Jun-2008 06:41
|
||||
x 0
x 0 Alert Admin |
China Auto Elect is one of the lowest forward PE stock listed by Ms Teh Hooi Ling (Singapore Business Time Senior Correspondent). China Auto Elect Tgt Price: 28 cts ( BUY CALL by DBS VICKERS ) China Auto Elect is planning to buy back the shares from the open mkt. ( AGM resolution passed )
|
||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
17-Jun-2008 18:24
|
||||
x 0
x 0 Alert Admin |
CAE share buyback is coming
|
||||
Useful To Me Not Useful To Me | |||||
chinastar
Senior |
17-Jun-2008 18:13
|
||||
x 0
x 0 Alert Admin |
waiting for the share buyback from china auto elect. wonder when CAE is buying back the shares from the open market. Probably, sometime in July.
|
||||
Useful To Me Not Useful To Me | |||||
sthinvest
Member |
20-May-2008 11:16
|
||||
x 0
x 0 Alert Admin |
DBS Vickers report .. China Auto Electronics (CAE) delivered net profit of RMB8.9m in 1Q08, which is below expectation. This is mainly attributed to the recent acquisition of its subsidiary in the USA, which made unexpected RMB14.9m net losses at the company level. The PRC-based operations also saw higher than expected effective tax rate of 28.5% in 1Q08. While the group’s existing China-based operations saw a headline 6.4% y-o-y decline in net profit to RMB20.8m in the seasonally weak1Q08, it was up 34% q-o-q from a poor 4Q07. This is positive, as CAE has delivered on its q-o-q margin enhancement promise by being more cost and operationally effective, despite similar margin compression from the same customer for existing car models. The group expects further productivity gains and more realistic price negotiation with this particular customer for new car models to sustain gross margin in the rest of the year. CAE also guides that its newly acquired US subsidiary will at least reach profit breakeven at the corporate level for FY08, as it has already seen positive progress in resolving the one-off operational issues that plagued 1Q08. We have, however, projected conservatively that the US subsidiary will only reach breakeven at the corporate level for the remaining 9 months of 2008. We have consequently reduced our net profit estimate by 22% to RMB96m for FY08, after factoring in higher effective tax rate and RMB15m net losses for the US subsidiary. We have cut our fair value to S$0.28; using a reduced 10x FY08 PE as investors’ confidence is likely to remain weak in the near term. We believe that downside pressure on the stock will be mitigated by CAE’s 23.7 Scents NTA per share as of end 1Q08, and a still profitable franchise as the largest Chinese wire harness supplier in the PRC. We maintain our BUY rating on CAE, and future share price re-rating is contingent on the group’s successful re-structuring of operations in China and USA |
||||
Useful To Me Not Useful To Me |