| Latest Forum Topics / Luzhou Bio-Chem |
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Is Luzhou on an uptrend based on TA?
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derekchong
Veteran |
06-Jan-2010 17:19
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earthquake over long long ago, this counter still have not recover from the shock. |
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yipyip
Master |
04-Jun-2008 23:30
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UPDATE ON SICHUAN PLANT The Board of Directors of Luzhou Bio-chem Technology Limited (“the Company”, and together with its subsidiaries, “the Group”) refers to the announcement made by the Group on 13 May 2008. The Directors wish to update shareholders that its production plant located in Sichuan Province (“Sichuan Plant”) has resumed operations on Monday, 2 June 2008. The Sichuan Plant’s utilities services are unaffected, while key transportation networks have been restored, facilitating the transport of raw materials and finished products to and from the plant. The Group will commence delivery of its products such as corn sweeteners and corn starch to customers from today, 4 June 2008. The Group is still evaluating the full impact of the Sichuan earthquake on its operations, and will provide further updates in its interim results announcement. Submitted by Niu Ji Xing, Managing Director on 4 June 2008 to the SGX. |
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yipyip
Master |
20-May-2008 23:16
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EARTHQUAKE IN SICHUAN The Board of Directors of Luzhou Bio-chem Technology Limited ("the Company", and together with its subsidiaries, "the Group") refers to reports on the earthquake that hit Sichuan Province, the PRC, on Monday, 12 May 2008. The quake, with a magnitude of 7.8, struck 93 kilometres from Chengdu. The Directors wish to inform shareholders and the investing public that the Group’s Sichuan plant did not suffer any damage due to the earthquake and none of the Group’s working staff had been injured. As a precautionary measure, the Group has temporarily shut down its Sichuan plant. The Group is currently working closely with the relevant authorities to assess the situation and to re-open the plant as soon as possible. The Directors will provide an update on the situation once available. Submitted by Niu Ji Xing, Managing Director on 13 May 2008 to the SGX. 1Q2008 FS Rev RMB$586m +49.7% Profit RMB$16.46m -33.2% http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E6826CAC8A0907594825743A0036A600/$file/FS1Q08.pdf?openelement |
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jackjames
Elite |
04-May-2008 08:36
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this counter is so helpless.. don't even know when they will see the lights in the tunnels, the fate is same as longcheer, hengxin, fabchem, etc. all the same class of Year 2005. |
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zhuge_liang
Supreme |
04-May-2008 00:42
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Report from Lim&Tan. Luzhou's 1Q08 net profit declined 39% yoy to RMB15.8mln due to a 5.6% erosion in gross margin due to the surge in raw material prices (corn) as it accounts for more than 70% of cost of production, higher SG&A and financial expenses. However, this should not be a surprise to the market given that it accounts for 29% of full year consensus numbers, 4Q07 net profit was RMB17mln (which included a tax write-back of RMB2.5mln) and management had warned in their 4Q07 outlook that 1Q08 performance would be negatively impacted by the snowstorms.
Management gave a cautious outlook due to the still high corn prices.
Financial position is reasonable with cash holdings of RMB102mln and shareholders funds of RMB547mln versus debts of RMB452mln.
Based on consensus forecast, it is trading at a forward PE of 5x which is in line with China Sun aand Hong Kong peers. |
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sarahlkh
Senior |
08-Apr-2008 15:58
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Luzhou buying back shares in the latest EGM... open mkt purchase |
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sarahlkh
Senior |
27-Feb-2008 14:03
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latest revenue report is positive http://www.listedcompany.com/ir/luzhou/newsroom/NR260208.pdf LUZHOU REPORTS 48.4% INCREASE IN REVENUE TO RMB2.2 BILLION IN FY2007 - Strong revenue growth lifted by strong demand for corn sweetener products- Net Profit at RMB54.5 million, impacted by rising corn prices- share Maintains proposed first and final dividend of RMB6.8 cents per ordinary |
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jackjames
Elite |
26-Feb-2008 22:30
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nickyng !! you will be so busy tomorrow , trust me.. result just out, expected, food related business all kena.. 4Q result net profit decreased 60%, full year 2007 net profit decreased 57% !!!!!!! tomorrow SELL! |
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jackjames
Elite |
26-Feb-2008 21:47
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strange, when they want to release the results, 11 pm? hmmm....... i am eager to know their results, as they are handling foods, if celestrial and synear are hit because of raw materials profit margin, what about luzhou? i think result will be out soon later. |
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178investors
Veteran |
26-Nov-2007 15:22
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Is TA or FA important for this counter? Both are equally important and are not exclusive. If one is a frequent trader not planning to hold it, then TA should do. If it is a long term investment for holding purpose, then FA/TA should be equally respected. I've a comment for would-be investors who think of buying for long-term purpose, please study the finanacial ratios of Luzhou carefully before jump. |
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jackjames
Elite |
25-Nov-2007 22:38
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fully agreed. from 0.29 (Aug 17) zoom to 0.60 (Oct 2) , and touch low last week again at 0.30, will the history repeat again? you bet. I believe they will cheong until the 4Q results , then, it drop dramatically again.. let's see. |
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sarahlkh
Senior |
22-Nov-2007 00:26
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this counter is more TA than FA. |
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zhuge_liang
Supreme |
21-Nov-2007 23:30
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Although 4Q is the company's seasonally strongest quarter, the early signs for 4Q07 are unfavourable, with ASP for corn sweeteners sliding, while corn prices are increasing. A poor harvest and robust demand for feeds is fuelling the rise in corn prices. If the early price trends persist, the company could be skating evenc loser to the breakeven mark in 4Q. While CIMB are keeping their FY07-09 EPS estimates intact for now, they see downside risks to their estimates if the current pricing situation persists. They believe that the company's smaller scale puts it at a disadvantage compared to larger competitors. Hence, they continue to peg their target price at a discount to the peer average of 5.3x CY09. Their target price remains $0.29, still based on 4x CY09 PER. |
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zhuge_liang
Supreme |
15-Nov-2007 12:49
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Net profit of Rmb6.7m (-78.3% yoy) was in line with CIMB's estimate, but missed consensus again. 9M07 net profitof Rmb39.5m represents 79.2% of their FY07 estimate and 45.9% of consensus. Net margin again dipped close to the breakeven level, slipping to 1.1% compared to 7.8% in 3Q06 and 1.3% in 2Q07. Gross margins squeezed again. Overall gross margins dropped further to 10.5% from 16.5% in 3Q06 and 11.7% in 2Q07. Gross margins for key products, sweeteners and corn starch fell sharply, with sweeteners margins dropping to 12.4% from 20.3% in 3Q06 and 13.2% in 2Q07, while margins for corn starch narrowed to 5.4% in 3Q07 compared to 10.0% in 3Q06 and 12.6% in 2Q07. Again, escalating corn price is the culprit, as corn accounts for approximately 76% of the company's cost of sales. Corn price remains key variable. Although the management is attempting to enhance the company?s competitiveness by 1) increasing capacity to reap higher economies ofscale, 2) expanding into higher value products, and 3) installing their own thermoelectricity generators in the Shaanxi and Liaoning plants, they believe that the keyvariable remains the price of corn, as corn costs represent the company's most significant cost of production by far. While corn prices appear to have stabilised, prices continue to hover close to Rmb1,400/tonne, with the outlook still uncertain. Taking into account the current high corn prices and the company's inability to pass on cost increases, CIMB maintain their Underperform recommendation and keep their EPS estimates unchanged. Their target price remains $0.29, based on 4x CY09 P/E (from 8x CY08 P/E), a discount to its peers which are trading at an average of 5.5x, on account of its smaller scale of operations. |
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jackjames
Elite |
14-Nov-2007 19:50
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profit after tax for Q3 decreased 80% ! compared to last year.. what are they doing while their revenue increased 46% compared to last year? haiih..... coming to 0.315 low closing on Aug 17... lowest is 0.29 same day as well. |
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hawke009
Senior |
28-Sep-2007 12:24
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With market picking up, this share has been raising steadily. Is it advisable to vest? |
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kelvin
Member |
24-Aug-2007 14:10
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The Group?s gross profit declined from RMB127.9 million in 1HFY2006 to RMB125.1 million in 1HFY2007. Gross profit margins declined from 19.4% in 1HFY2006 to 13.5% in 1HFY2007, mainly due to the increase in the prices of corn |
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hawke009
Senior |
24-Aug-2007 12:54
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Reality always differ ... that's why there is such a big discrepancy from the target price of 0.29. :p |
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sarahlkh
Senior |
24-Aug-2007 11:10
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how can there be such a big discrepancy for their target :P |
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zhuge_liang
Supreme |
23-Aug-2007 23:50
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CIMB Daybreak |
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