:)
Some of my post also missing, u r not alone :)
Buffett give me some bush of hair, u want some too?
:)
MasterNg9999 ( Date: 16-May-2011 20:41) Posted:
Hahah see you again Warrenbegger,so u got crumbs from buffet? pls give me some also.........
btw do this forum remove thread from other forum cos 1 of my post missing .... maybe i blur eye and ba chiu tia stamp =.=
The director in this company not very honest with their cashflow so its anybody guess with their performances
i direct the URL again and hope its my fault
http://forum.channelnewsasia.com/viewtopic.php?p=4325040& sid=26154832ebf5f64d0da9019f83b27458
Cheer
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Attention all Bros.....
I am very very confident that this counter will move and move up very fast in this coming week to come...watch out for this!!!
Very confident about the chart ( i am a TA guy ) that shows uptrend is in place and please don't miss the boat. I hope Brothers here can get a profit from this potential stocks...
Dun flame me ok if this go opposite way ok? However i am
super confident on this stock!!!!!! Do your own research!!! Trust urself in stocks and have luck. [
L]earn [
U]nder [
C]orrect [
K]nowledge.
This gem also waiting to be discovered..........according to CIMB
China Sky Chemical Fibre (S$1.32) - Initiation of Coverage - Nylon Behemoth
? Nylon behemoth. China Sky is the largest nylon producer in the PRC with a current
annual capacity of 72,000 tonnes p.a. and market share of 6%. The group currently
produces nylon high oriented yarn (HOY) and full drawn yarn (FDY) that are used to
produce high-end products such as ski jackets and coats. The group will start to
produce two other kinds of higher-grade nylon fibre in 2007 and a new super-resilient
range of nylon fibres in 2008, cementing its place as the market leader.
Nylon behemoth. China Sky is the largest nylon producer in the PRC with a current
annual capacity of 72,000 tonnes p.a. and market share of 6%. The group currently
produces nylon high oriented yarn (HOY) and full drawn yarn (FDY) that are used to
produce high-end products such as ski jackets and coats. The group will start to
produce two other kinds of higher-grade nylon fibre in 2007 and a new super-resilient
range of nylon fibres in 2008, cementing its place as the market leader.
? Spearheading import substitution. China currently imports a third of its nylon fibres
but is expected to reduce this figure to 20% by 2008, according to management.
Being the largest nylon player in the PRC with an expected capacity of 123,000
tonnes p.a. by 2008, China Sky is at the forefront of capturing this piece of the pie.
Spearheading import substitution. China currently imports a third of its nylon fibres
but is expected to reduce this figure to 20% by 2008, according to management.
Being the largest nylon player in the PRC with an expected capacity of 123,000
tonnes p.a. by 2008, China Sky is at the forefront of capturing this piece of the pie.
? Shift in demand to higher-value textiles will boost demand for nylon. Growing
Chinese affluence coupled with the 2005 imposition of textile import quotas by the US
and EU has resulted in higher demand for premium fibres by Chinese textile
manufacturers and exporters alike. Industry statistics shows that the unit value of
synthetic fibre products increased by 12% yoy in 1H06. As nylon is considered
superior in grade to the rest of the synthetic fibres, we believe the spillover effects of
these developments will help to sustain a turnover CAGR of 32% for China Sky from
FY05 to FY09.
Shift in demand to higher-value textiles will boost demand for nylon. Growing
Chinese affluence coupled with the 2005 imposition of textile import quotas by the US
and EU has resulted in higher demand for premium fibres by Chinese textile
manufacturers and exporters alike. Industry statistics shows that the unit value of
synthetic fibre products increased by 12% yoy in 1H06. As nylon is considered
superior in grade to the rest of the synthetic fibres, we believe the spillover effects of
these developments will help to sustain a turnover CAGR of 32% for China Sky from
FY05 to FY09.
? SR products the next exciting earnings catalyst. By 2008, China Sky is expected
to launch its latest range of super-resilient nylon fibres. These fibres have the greatest
tensile strength, comfort and stretchability among China Sky?s nylon fibres. As they
typically retail at a 20% premium to existing fibres, they are expected to improve
gross margins to 37% from 34% by FY09. Barring any delays, we believe full-year
contributions will power net profit growth of 47% in FY09.
SR products the next exciting earnings catalyst. By 2008, China Sky is expected
to launch its latest range of super-resilient nylon fibres. These fibres have the greatest
tensile strength, comfort and stretchability among China Sky?s nylon fibres. As they
typically retail at a 20% premium to existing fibres, they are expected to improve
gross margins to 37% from 34% by FY09. Barring any delays, we believe full-year
contributions will power net profit growth of 47% in FY09.
? Initiate with Outperform rating and target price of S$1.70. Our target price is
based on DCF valuation (WACC 12.8%, terminal growth rate 0.5%), implying 12.1x
CY07 and a 10.7x CY08 P/Es, which are at premiums to the average for Singaporelisted
peers but deep discounts to the more established Asian peers. We see
catalysts coming from: 1) capacity expansion; and 2) the successful execution of its
ATY, DTY and SR nylon fibres in 1H07 and 1H08 respectively.
Initiate with Outperform rating and target price of S$1.70. Our target price is
based on DCF valuation (WACC 12.8%, terminal growth rate 0.5%), implying 12.1x
CY07 and a 10.7x CY08 P/Es, which are at premiums to the average for Singaporelisted
peers but deep discounts to the more established Asian peers. We see
catalysts coming from: 1) capacity expansion; and 2) the successful execution of its
ATY, DTY and SR nylon fibres in 1H07 and 1H08 respectively.
Strong set of results and looks good going forward with capacity and margin expansion.Zero debt and cash rich and a top manufacturer of nylon yarn in China,analyst will rerate this higher,if vested just hold,if not vested its a good opportunity to buy.
For the past 1 week price creeped up strongly. Is the after lunch selling a case of sell on news? Your take?
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