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China Sports

New Year 2010 Ang-pow

slight increase only but better than none.

hi all~

2010 FIFA World Cup South Africa Count Down 133Days... Smiley

http://www.fifa.com/worldcup/matches/index.html

i am really out of bullets if not i will hammer more T.T -- I cant afford to dump Genting lol later someone kill me :P

Sigh i see a GEM in the making and i might miss the boat :(

damn genting

acercreative ( Date: 27-Jan-2010 22:28) Posted:

Risktaker - thanks for the detailed analysis.

anyway, there were only a few lots done at 0.17. most trades were at 0.175 and 0.18, quite close to placement price. i'm thinking whether to add on more exposure to this counter.

ChinaSports honor its words :) if you guys read the Q3 09 FR.

The Group also made positive progress in improving the mix of its points of sale,
by reducing the number of shops-in-shops while adding on more specialty stores
with larger display area. Since the engagement of Fahrenheit as YELI brand
spokespersons in February 2009, the Group has received positive feedback from
distributors expressing their interests and confidence in setting up more specialty
stores. As a result, our Group has reached its target of having a minimum of 500
specialty stores in FY2009.

Mr Lin added, “In view of our growing specialty stores network, we are also
exploring potential collaboration with international sportswear brands to market
their products in the PRC. If successful, this will provide additional source of
income for our Group in future.”

They did it and got FIFA deal :)

ChinaSports will grow. Buy before too late. FR results coming :P I expect rosy as they have more specialty stores hehe

if tmr it drops again, then i shall buy some to hold......

alanalanlee ( Date: 27-Jan-2010 22:07) Posted:

bought some yeaterday..

but seem it is dropping every day..u guy think worth keeping?

anyway,I'm holding on tightly Smiley

everything is droppin!!!!

bought some yeaterday..

but seem it is dropping every day..u guy think worth keeping?

anyway,I'm holding on tightly Smiley

everything is droppin!!!!

Anyway......I spotted this company since last year and it is one of the few S coy which has coverage by foreign research (only) hse. Implied a foreign interest in this company lor.

Managed to vest some today......finally.

Next stop TW but again mulling to list and preparing to list is two very different thing lor.....

risktaker ( Date: 27-Jan-2010 21:29) Posted:

yeah but remember :) when u do business you need to have a lot of cash flow :P. The operating expenses is very high per quarter if you check. Business is not all out game you need to plan well. You have to give credit to your retailers. Remember It has 1500 retailers.

I do business before i know. You need Strong Cash Flow as you dont want to go into Heavy Debt :)

Trust me they know how to do business, I bet you soon ChinaSports may propose to go HK listing :)

Andrew ( Date: 27-Jan-2010 21:15) Posted:

The reasons given....all eyes can see. But the Cash&eq is 869M RMB, and when you built factory you don't pay 200M upfront lor. It has to be progressive what.....you get what I mean ??

yeah but remember :) when u do business you need to have a lot of cash flow :P. The operating expenses is very high per quarter if you check. Business is not all out game you need to plan well. You have to give credit to your retailers. Remember It has 1500 retailers.

I do business before i know. You need Strong Cash Flow as you dont want to go into Heavy Debt :)

Trust me they know how to do business, I bet you soon ChinaSports may propose to go HK listing :)

Andrew ( Date: 27-Jan-2010 21:15) Posted:

The reasons given....all eyes can see. But the Cash&eq is 869M RMB, and when you built factory you don't pay 200M upfront lor. It has to be progressive what.....you get what I mean ??

risktaker ( Date: 27-Jan-2010 13:02) Posted:

On 7 January 2010, Yeli Sports (China) Co., Ltd signed an agreement with Global Brands

Group to become the authorised master distributor of FIFA Collections throughout the PRC.

The collaboration with Global Brands Group to market FIFA sports and lifestyle products is

consistent with the Group’s strategy to expand its footprint in the PRC sports fashion market.

It will strengthen its product offerings and enable the Group to establish a presence in the

mid-to-high end sports fashion market. To leverage on the Group’s appointment as master

distributor of the FIFA Collections, the Groups intends to establish a distribution network for

FIFA products through the launching of FIFA modular stores and FIFA Official Event Stores,

and to promote FIFA products through advertising and promotional activities. Details of such

plans are set out in Part IV(3) of this Offer Information Statement.

Aside from the foregoing, the Group also plans to construct a new multi-complex within its existing factory, which would

include new showrooms for FIFA and YELI products. The cost for the construction of the

multi-complex is estimated to be approximately RMB 30 million.

The Group is in advanced stage of negotiation to acquire an industrial plot for the

construction of a new manufacturing facility in Fujian Province. Upon completing acquisition

of the industrial plot, the Group will commence construction of the new plant which is

estimated to take between 2 to 3 years from commencement of the works to completion. The

estimated costs of acquiring the industrial plot and construction of the new plant are between

RMB150 million to RMB180 million.

Thats the reason why share placement instead of using its own cash reserve as they are intending to built new plants :P

I am vested for long term. Good luck