China Energy   

Upside or downside

power up++++   think it closed 0.560 ~0.570 

 

up...0.565

 

moving up.. 0.56

 

Encouraged by below factors, today looks positive to rally 

Wall Street
DOW      +54.72  +0.44%
Nasdaq    +29.58  +1.27%
S&P500   +6.06   +0.45%

BT April 10, 2008, 8.07 am (Singapore time)
Last updated at 12.02pm
S'pore's economy grew 7.2% in Q1
SINGAPORE - Singapore's economy grew an annual 7.2 per cent in the first quarter,
faster than the 5.4 per cent expansion recorded in the previous three months,
the government said on Thursday.

Last quarter's performance was also better than economists' average growth forecast
of 6.4 per cent expansion.

 

$1.27 gap down?? i don't see this in the charts in recent times unless u meant quite some time back when it was downtrending....anyway this chart show upward positivity at the moment with heights at 1.27...the current buying up at the moment is not bad` still a sign of confidence

 

$1.27 seems to be a pivotal point. Been tested in the past as a few support levels and a gap down occur on this level too. It tested this on thurday but failed to close above this.

 

i just like to highlight to those who r into TA...if u see the charts using Candlesticks...you will notice:

1. 21 Dec - Inverted Hammer (White)
2. 26 Dec - Bullish Engulfing
3. 28 Dec - Bullish Engulfing
   

And the other indicators like GMMA, MACD signal line, Stochastic...shows positive uptrend. Charts don't lie.

 

Hi cyjjerry85,

Thanks You...

BR

 

hahah` think ppl who buy this counter might be slightly more quiet...i m a little more loud.. =) the volumes are pretty healthy yea~

and to answer Kensonic77: "X" means married deal in which 2 parties agreed on a specific price to exchange hands in this particular stock 

 

I watch this counter daily too. But just seem that no one seem to be posting much. Really hope to see more activity here. :)

For those who wish to know more abt CE

http://www.chinaenergy.com.sg/

 

 

 

Hi cyjjerry85,

I am a new in share.  What does X stand for?   Thanks...

Time	Last	Volume	Buy/Sell
17:05:01	1.260	375,000	X
16:59:14	1.240	30,000	Sell Down

 

 

Time	Last	Volume	Buy/Sell
17:05:01	1.260	375,000	X
16:59:14	1.240	30,000	Sell Down

This counter really so sianz meh? only i posting on this counter...quite interesting to see it close on Fri at a married deal of $1.26..tt's 2 bids up from previous 

 

from morning till now...looks promising

 

how much energy does CE have now

 

look out for the $1.26 mark should it bypass tt

 

I recalled CNA did mentioned about this counter be4 

Claiming that this counter is quite dependent.

It doesn't reply on the gov aid


 Should be a strong counter
 

 

Any guess/prediction on China Energy's share price by CNY 08?

 

Sorry.. base on before 30% discount was $3.03.

 

Read carefully.

Accordingly, our (CIMB) target price climbs to $2.12 from $1.73, ...

 

China Energy (S$1.17) - Moving up the value chain

China Energy is expanding its methanol production capacity by three-fold by 3Q08. We estimate this could increase
its self-reliance for methanol to 86% for its Shandong and Zhangjiagang DME plants. Coupled with rising DME prices
and softer methanol prices, we expect gross margins to improve to 29-39% in FY08-09, from 17-21% previously.
Revisions have been made to DME expansion plans, with a 400,000-tonne p.a. increase in capacity but 6-12-month delay in completion. We have raised our FY07-09 EPS forecasts by 6-63% to
factor in higher DME ASP and gross margin assumptions. Accordingly, our target price climbs to S$2.12 from
S$1.73, still based on a 30% discount to our new DCF valuation (WACC 13%, LTG 2%) of S$3.03 (S$2.48 previously). We believe the implied 7.5x CY09 P/E is undemanding, given its 3-year EPS CAGR of 79%. Maintain Outperform.


New Target Price now :$3.0 by CIMB