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Me don't really go in for this counter as I got burn the other time. But is this the right time to go in now juz asking only.
Dimethyl ether, or DME, is an alternative fuel based on clean coal technology.
Congrat to all the members that purchased or hold on to this share. Huat tua tua !!!
If everything go smoothly, this 1 should reach $2 within 1 year ... ( well, i hope )... fa fa fa 888
ML targets $1.88!!!FATT!! FATT!!! CHEONG AH!!!!
Seizing the early growth
We initiate coverage on China Energy with a Buy and price objective of S$1.88.
As the largest DME producer in China, we believe it can leverage on its firstmover
advantage to grow and achieve an EPS CAGR of 85% over FY06-09E.
Our PO is based on DCF valuation and provides 40% over the next 12 months.
$1.52!!!! according to Lehman Bros.
We initiate coverage of China Energy with a 1-
Overweight rating and PT of S$1.52. China
Energy is the leading Chinese producer of
Dimethyl ether (DME), an alternative fuel based on
clean coal technology with exciting growth
prospects, in our view. We believe that China
Energy is poised to record rapid earnings growth
with its first mover advantage, rapid capacity
expansion and improving DME economics.
Resistance os 1.21 is broken. MACD is above the signal line and both are above centreline - bullish sign.
Volume is high on the up surge. Another sign - MACD histogram and MACD is showing bullish divergence.
CMF is showing sign of spiking up.
Good luck!
Anyone can comment on its TA?
Thank you.
ASEAN CHINA INVESTMENT FUND L.P reduced their holdings but its a married deal .dunno who the buyer is.
anyone following this stock? any comments? :)
Lately, there have been few report on C energy...one of the broking house recommended outperform with tp of 1.75.
Worth to go in? Seem quiet today as volume is below daily 10 mil...
Care to comment..thanks.
Two of my senior big brothers bought 100 lots late and died-ed. Had to cut lost. Moaning to me the whole day...
TA charts not too bullish.... Acc/Dist and Chaikin are downtrending
What will be the opening price on monday? Wonder should invest or not. I got some lots during IPO and sold at $1.44 (so far their highest price)
jia yu! jia yu! ;)
It's still a good time to buy. Traffics show the increase of high quota traders come into this counter.
This is a good sign then. Supporting this counter ...
China Energy is on the uptrend, it reach a high of 1.18 this morning.
http://www.remisiers.org/research//ChinaEnergy-220307[cimb].pdf
Quotes:
CIMB-GK Research said it has initiated coverage of China Energy Ltd, a producer dimethyl ether (DME), an environmentally friendly fuel, with an "outperform" rating and a target price of 1.75 sgd per share.
China Energy is benefiting from the surging demand in DME fuel, which is is gaining popularity as an alternative to diesel and liquefied petroleum gas because of the worsening environmental problems in China; high oil prices; and the Chinese government's intention to reduce the country's reliance on oil imports.
"China Energy's main trump card is its patented methanol-to-DME technology, which has enabled it to produce DME at milder conditions and lower costs than other conventional technologies. This has allowed China Energy to scale up faster than its peers," CIMB-GK said in a note to clients.
CIMB-GK said it expects China Energy's net profit to rise from 191.5 mln yuan last year to 392.2 mln this year, and further to 776.6 mln next year and to 1.41 bln in 2009.
"We believe China Energy could benefit from China's rising urbanization, which is expected to raise the demand for household and transportation fuel," it said.
It rose after CIMB started coverage with an "outperform" rating and a target price of $1.75.
"We like China Energy for its strong growth prospects, healthy balance sheet and position as the largest DME -- an environmentally-friendly fuel -- producer in China and one of the largest in the world," CIMB analyst Kerryn Tay said in a client note.
Is on uptrend now....
lost a bomb in this ctr be very very careful.
Hi guy, energy market just rebound. Time to buy energy shares. Try to buy some.
May be on TA downtrend now. But this counter is highly liquid which is a good sign