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Transparency
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zhuge_liang
Supreme |
05-Jan-2007 01:46
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It's proposing to produce corn sweetener with an annual production capacity of 120,000 tonnes. This is positive and should cause the valuation to move in line with Luzhou. |
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singaporegal
Supreme |
03-Jan-2007 22:06
Yells: "Female TA nut" |
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Hi august, Still too early to tell... wait a couple more days to confirm if its an uptrend. |
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august
Senior |
03-Jan-2007 21:50
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my question is. both FA and TA looks good. And I intend to play into this stock tomorrow. Can the expert out there,tell me differently ? |
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august
Senior |
03-Jan-2007 21:49
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sorry, sent too soon. |
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august
Senior |
03-Jan-2007 21:49
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PE, EPS, Profits generally higher than previous year. But looking at history, this stock tends to move up drastically, than down in the next few days. |
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EastonBay
Master |
03-Jan-2007 15:58
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Finally moving? Or is it just the general 'feel good feeling'? |
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money_addict
Member |
26-Dec-2006 14:55
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instead of corn, they can grow sugar cane, palm etc.. I am still postive of ethanol. |
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Nyellow
Member |
26-Dec-2006 13:59
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This morning up 0.015 on good vol. A sigh that things will pick up from here and break the 0.685 resistance lvl? |
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singaporegal
Supreme |
21-Dec-2006 20:57
Yells: "Female TA nut" |
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On a downtrend now |
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lg_6273
Elite |
21-Dec-2006 15:31
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I think very negative for china sun... Beijing bans use of corn for biofuel Thursday, December 21, 2006 China has banned further expansion of ethanol production from corn amid concern that the industry's demand for raw materials has fueled record-high grain prices, state media said. The country's top economic planning body has ordered local governments to cease approving any new projects that process corn for biofuel, Xinhua News Agency said Wednesday. The National Development and Reform Commission instead encouraged increased use of non-grain vegetation to make biofuels. Growing demand has fueled a 6.8 percent rise in the price of corn this year and created pressure for farmers to expand corn production at the expense of other needed crops, it said. "Excessive expansion of corn growing will squeeze the production of wheat and rice," Xinhua quoted an unnamed commission official as saying. China has set a goal of producing about six million tonnes of cleaner- burning substitutes such as ethanol by 2010 and 15 million tons by 2020. But the government has expressed growing concern recently, with spiralling grain prices blamed on increasing demand from the biofuel sector. Prices of major grain products such as rice, flour and cooking oil grew 4.7 percent last month, Xinhua said citing government statistics. Much of this was due to soaring use of corn for biofuels and as livestock feed amid a growing appetite for meat products, Xinhua said. China currently produces 1.02 million tonnes of ethanol annually, with 76 percent derived from corn. Xinhua said China processed more than 23 million tonnes of corn for such industrial uses last year, an increase of 84 percent over 2001. However, corn output increased just 22 percent over the same period. Ethanol mixed with gasoline is sold in five provinces and 27 cities in China, and accounts for 20 percent of gasoline consumption, Xinhua said. China said Monday it had launched a series of pilot programs for farmers to plant non-grain crops such as sorghum and cassava for use in biofuels to preserve grain stocks. Non-grain crops could eventually produce up to 300 million tonnes of ethanol a year, according to an NDRC report. With the economy roaring ahead at an annual rate of about 10 percent, demand for animal feed and thus corn is expanding at 3-4 percent a year at least, outpacing an increase in the country's grain production, industry officials said. "The only way they avoided a real severe deficiency in the last five years is the fact that they had 80-120 million tonnes in stock at the beginning of 2000," an industry official said. "I think they've underestimated the amount of stocks they've relied on ... They won't have it very soon. They can't draw down stocks forever," an industry official said in Beijing. Worried the surge in grain prices might rekindle inflation, Beijing has embarked on a campaign in the last few weeks to reassure the public it still had ample food reserves and that it would limit new ethanol projects using corn. But so far Beijing's corn auctions have been too small to turn around the grain prices. Agriculture vice minister Zhang Baowen also said last week that China's grain output could only meet 97 percent of the nation's needs and that it was a concern. "There's overall anxiety grain prices may be going beyond the level of being good for farmers and that it's going to cost some inflation. They are getting nervous," said the Beijing official, who declined to be identified. "I think they have to rethink their reliance on the world market," the official added. The industry officials said the ethanol industry - along with others such as corn sweetener makers - was turning into a headache for Beijing as it was expanding too fast, supported by local governments, keen to add value to their farm products. AGENCE FRANCE-PRESSE, REUTERS |
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lg_6273
Elite |
19-Dec-2006 17:22
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http://biology.aweb.com.cn/news/2006/12/19/9363148.shtml Restriction use of corn for ethanol production; is my translation correct? If yes, very bad, china sun may not get the licence. |
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Nyellow
Member |
19-Dec-2006 16:17
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Thanks boonhow. Going for long, i dont care if it dips furthur as i believe fundamentally this stock should deliver and i await to see the coming Q's results with a view to hold into 2007. Wonder if china sun's facilities can convert to utilize other non-grain crops for its operations? |
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singaporegal
Supreme |
19-Dec-2006 11:13
Yells: "Female TA nut" |
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For penny stocks (especially those with low volumes), FA is usually more accurate than TA. You may be right about this. Lets see how it turns out. |
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boonhow65
Member |
19-Dec-2006 10:03
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Hi Singaporegal, thanks for your reply. I did a FA on China Sun, and the current price is undervalued as compared to its fundamental. To Nyellow: Internally, 3Q result is affected by 1) increased finance cost, 2) end of tax incentives & 3) change in fair value of derivative financial instruments Externally, they are hit by rising raw material cost, licensing prospect, rurmors, etc. |
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Nyellow
Member |
18-Dec-2006 20:15
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What about its other non-fuel based ethanol products? Surely they are making money, the ethanol fuel license would only be an added bonus right? The convertible bonds that they sold to raise money for expansion projects, in time to come these should materialise and contribute to the company's profit. Anyone has other views to share? |
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singaporegal
Supreme |
18-Dec-2006 10:46
Yells: "Female TA nut" |
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I think its still on a downtrend |
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boonhow65
Member |
18-Dec-2006 10:37
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To all gurus, this counter continues to downtrend despite the temporary reversal, is it time to bite the bullet? |
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zhuge_liang
Supreme |
13-Dec-2006 20:34
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In Beijing, wheat flour prices had risen about 11% by early December compared with a month earlier and soyoil prices by about 13%. China has had big grain harvests for three years running, and central planners had focused more on setting minimum prices so that a glut would not discourage farmers from future planting. But a wealthier economy has meant more demand for processed food, while some provinces have embarked on biofuel projects meant to absorb surplus grain. "So far it hasn't gotten to the point that supply is a problem. But when they set the minimum price policy, they may not have thought through the consequences," a grains analyst said. Chinese futures markets have been buoyed by higher grains futures elsewhere, and corn farmers in particular have delayed earlier contracted sales in order to get higher prices from exporters. That has led some policy makers to question whether China should be using its grain for fuel instead of food. Planners should prioritise making biofuel from non-food biomass, rather than grain, the China Daily said this week, quoting the president of the Chinese Academy of Agricultural Sciences. "Corn suppplies are definitely enough for this year, but the problem is that the farmers won't sell," an analyst said. "For ethanol the government will be very strict in controlling the use of corn as a feedstock. There is still time to adjust the five-year biofuels plan before it comes out." The five year plan, spanning 2006-2010, has yet to be released. Central planners are still wrangling over how to subsidise production and what measures to take in case a drop in petroleum prices makes biofuels less attractive. Chinese ethanol production has rapidly expanded to about 5 million tonnes, most of which comes from corn. But more recent biofuel projects on the drawing board have proposed other fuels, such as waste cooking oil, cottonseed or agricultural waste like stems and stalks. |
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singaporegal
Supreme |
12-Dec-2006 10:26
Yells: "Female TA nut" |
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China Sun has good volumes but its TA charts do not show any uptrend yet. |
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Nostradamus
Supreme |
12-Dec-2006 01:38
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Rising investment interest and demand from alternative fuels will drive corn and wheat higher next year at a time when inventories are the lowest in more than 20 years, said New York-based JPMorgan, the third-largest US bank. "Agriculture should be the best performers in 2007," London-based analysts John Normand and Jon Bergtheil said in the report dated Dec 7. Corn has risen 83% in the past year. The commodity reached a 10-year high at the end of November after hot, dry weather in July reduced US output and demand for the grain to make ethanol rose to a record. Wheat prices are up 67% in the past year, reaching US$5.57 on October 17, the highest since 1996. Still, corn prices will reach an average US$4.03 a bushel next year compared with an average US$2.51 this year, while wheat will rise to US$5.13 a bushel from US$3.95 in Chicago, JPMorgan said. The US ethanol industry is estimated to "call for an additional 500-1,000 million bushels a year of corn to meet demand??, said Normand. Output will expand on subsidies and a will to wean the nation off dependence on foreign oil, regardless of rising feedstock costs and falling oil prices. Global wheat reserves will fall to 118.8 million tonne on May 31, the lowest since 1982 because Australian production will drop 57% to 10.5 million tonne and US output has declined 14%. Corn stockpiles before next year?s harvest will fall to the lowest since 1984, the US department of agriculture said on Nov 9. |
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