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Chandga International Holdings Inc. (CIHD)

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Last Post: 12/29/2015 9:37:37 AM - Followers: 9 - Board type: Free - Posts Today: 0


Changda International Holdings, Inc (CIHD) is based in the Shandong province of China; its operations include production and distribution of chemical and microbial organic-inorganic compound fertilizer.  The company has a multi-brand product portfolio with more than 10 product lines under the 2 brands - Changda and Fengtai Wosida - that cater to various consumer needs in the fertilizer market. With decreasing arable land and the resultant need for farmers to boost crop yields, there has been a growing demand for fertilizers, particularly organic/inorganic compound fertilizers that preserve soil fertility and increase yields.

Between 1998 and 2007, overall fertilizer consumption grew from 40.8mmt to 51.1mmt, with compound fertilizer consumption growing at a CAGR of 6.9% to reach 15mmt. The demand for fertilizer is expected to continue to increase further given the government’s objective of self-sufficiency and the limited area of arable land. According to industry sources, the fertilizer industry is estimated to have grown at 30% annually during 2005-2009. To capitalize on such strong growth opportunities, CIHI is seeking to double fertilizer production capacity from the current 200,000 tons to 400,000 tons by Sep-09. The company has already invested $4mn, with another $19.7mn earmarked towards the completion of this expansion. The company’s annual utilization rate presently stands at more than 100%, indicating the robust demand for fertilizer and related products. We believe that the company will continue to operate at maximum capacity utilization levels. The production capacity is well-supported by an extensive distribution network with 80,000 distribution centers across 18 cities in the Shandong province through an exclusive agreement with China Postal Logistics. The fertilizer industry in China is highly fragmented and provides consolidation opportunities in the future. CIHI is in the process of establishing a considerable presence in the industry and will likely look at strategic acquisitions in order to expand capacity further and establishing footholds in different regions.

We expect the company to report an EPS of $0.15 and $0.23 for FY09 and FY10, respectively. (pre-split)

The above company description and eps guidance are from Rodman & Renshaw, September 1, 2009.

Rodman & Renshaw initiated coverage on CIHD in September 2009, with a 12 month price target of $2.75/share. (prior to 1:3 reverse split made on 11/17/09)
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#114   CIHD SEC Suspension for Financials / Filings delinquencies: Renee 12/29/15 09:37:37 AM
#113   CIHD SEC Suspension for Financials / Filings delinquencies: Renee 12/29/15 09:37:37 AM
#112   Think they went dark over a year ago. bionicblackblood 03/15/14 07:02:29 PM
#111   Anyone know what's going on with this company? Seananigans 03/14/14 11:38:29 PM
#110   Finally got a reply from the company: bionicblackblood 02/15/12 08:14:26 AM
#109   Anyone have any news on Changda? They bionicblackblood 10/28/11 08:12:19 AM
#108   Little acorns can grow into giant oaks! The Mexican 07/19/11 04:49:51 PM
#107   CIHD trades below cash, so you don't have The Mexican 07/19/11 04:47:00 PM
#106   CIHD is going to pop also one day. The Mexican 07/19/11 04:44:44 PM
#105   interesting news release today...glad I added a few sahd3g 07/13/11 12:02:54 PM
#104   Some one was buying big at 0.75. northenlightsk05 05/27/11 10:51:15 AM
#103   I wasn't able to follow the market yesterday. Minding 05/27/11 09:25:38 AM
#102   It is up 45% right now. northenlightsk05 05/26/11 12:37:20 PM
#101   That's a great looking Q - Too bad malc stone 05/17/11 04:49:40 PM
#100   Net income of $2.06 million USD, another good Q. northenlightsk05 05/16/11 03:29:34 PM
#99   He is a director and an insider. Thanks Northen. Jmo 04/04/11 02:57:51 PM
#98   This US guy, Jan Pannemann, owns 8.87 million northenlightsk05 04/01/11 11:22:41 AM
#97   At least they released 10K earning report without northenlightsk05 04/01/11 10:58:28 AM
#96   Unless they're using the ENHD playbook... Knowledge is King 04/01/11 10:51:41 AM
#95   Cash increased to $9.4 million and book value northenlightsk05 04/01/11 10:43:03 AM
#94   10K out and CIHD made $6.5 million net earning: northenlightsk05 04/01/11 10:33:53 AM
#93   Over $1. It does not take long for northenlightsk05 12/17/10 04:32:17 PM
#92   Baby steps are ok! Minding 12/14/10 01:42:04 PM
#91   The issue of shareholder loan is partially resolved. northenlightsk05 12/14/10 11:29:28 AM
#90   Reasonable for sure. But then success begins Minding 12/02/10 05:23:48 PM
#89   It is probably too early to congratulate ourselve northenlightsk05 12/02/10 09:48:27 AM
#88   Congrats Nelson! I have a few of Minding 12/02/10 08:44:33 AM
#87   The big volume was from my buying and northenlightsk05 12/01/10 10:48:51 AM
#86   People gotta eat. Can't really see a phillyfury 11/18/10 03:26:15 AM
#85   Food price increase is going to be normal northenlightsk05 11/17/10 05:02:30 PM
#84   However the Chinese government wants to keep inflating Minding 11/17/10 10:36:48 AM
#83   Cool. Well I got in on this phillyfury 11/17/10 12:30:09 AM
#82   From operation point of view, it looks very northenlightsk05 11/16/10 09:28:25 PM
#81   Hi - got a bit of a stake phillyfury 11/16/10 02:53:12 PM
#80   Q3 earning per share of 7 cents. northenlightsk05 11/16/10 11:20:45 AM
#79   CIHD with another 9 percent rise on Monday. phillyfury 10/19/10 02:03:49 AM
#78   Thanks much. Right now I'm up about phillyfury 10/14/10 04:59:12 PM
#77   Thanks for the info, northen. Let's hope so. tvkrnsky 10/14/10 02:45:30 AM
#76   This is the list of CIHD products: northenlightsk05 10/13/10 10:15:41 PM
#75   Most of CIHDn profit is from their fertilizer northenlightsk05 10/13/10 10:11:47 PM
#74   Any other juicy bits to pass on? phillyfury 10/13/10 09:48:04 PM
#73   Financing would be postponed to next year until northenlightsk05 10/13/10 05:42:20 PM
#72   I have a chad with their VP. I northenlightsk05 10/13/10 05:30:08 PM
#71   In default: tvkrnsky 10/13/10 04:22:48 PM
#70   Totally agree. Have 6,000 shares, which is phillyfury 10/12/10 05:21:45 PM
#69   OK, I'm in at $0.50. And how could BigOnChina 10/12/10 08:31:37 AM
#68   I'm definitely thinking about getting my feet wet again BigOnChina 10/03/10 10:45:10 AM
#67   Perhaps this stock has a life after all. phillyfury 10/03/10 10:28:56 AM
#62   No idea. bionicblackblood 10/01/10 07:51:54 AM
#61   What was the reason for the huge volume Shengli 09/30/10 06:26:10 PM
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