Chandga International Holdings Inc. (fka CIHD)

[Shengli]

What was the reason for the huge volume today ?

[bionicblackblood]

10X Volume again today. Busy month...

[bionicblackblood]

10X Volume today. Related to the new partnership? finance.yahoo.com/news/Changda-enters-into-bw-4140403149.html?x=0&.v=1

[jmurfk]

Q out on this one, and the OS shows unchanged since last year at 18 mil. Nice EPS of .11 for the quarter ending 30Jun2010. .09 EPS on the same quarter last year.

[bionicblackblood]

On the other hand neither the company nor Rodman & Renshaw are responding to email queries looking for an update. Frustrating!

[bionicblackblood]

They're alive...it's not much but at least it's a pulse? finance.yahoo.com/news/Changda-International-bw-2890967237.html?x=0&.v=1

[bUrRpPPP!]

Website gone....not a good sign. http://www.changdaint.com.

[steeledge]

bob - and they're picking a reverse ratio that STILL won't get them to uplist status (at current prices)

[Bob Stocks]

This company is a dilutive POS. No respect for shareholders.

[bionicblackblood]

Reverse split! Stockholders approved another reverse split. Now it's up to board of directors, right? Isn't this good news? Only a five cent raise on no volume?

http://biz.yahoo.com/e/100609/cihd.ob8-k.html

[steeledge]

Nice little news release this afternoon; basically saying "we're going to have a nice 2010"

Press Release Source: Changda International Holdings, Inc. On Monday April 5, 2010, 3:02 pm EDT

WEIFANG, China--(BUSINESS WIRE)--Changda International Holdings, Inc. (“Changda” or the “Company”) (OTCBB:CIHD.OB - News) the China based specialty chemicals manufacturer, has filed its annual report on Form 10-K with the Securities and Exchange Commission on March 31,2010 which included its audited financial statements for the fiscal years ended December 31, 2009 and 2008.

Commenting on that event, Mr QinRan Zhu, the CEO of the Company, stated that despite a drop in fertilizer prices caused by price disruptions in the raw material markets in the wake of the international financial crisis, Changda was able to increase its production output and enter into new markets in China. The chemical part of the business also was able to extend its product lines and broaden its customer base and showed an increase that bodes well for that segment of the company’s business.

Mr Zhu added that the Company expects a stabilization and a possible recovery of fertilizer prices in 2010 and that the Company already has undertaken steps to lock a low cost for its raw materials when it prepaid in the excess of 10 million US Dollars of raw materials in December 2009.

“We feel confident the pre-payment decision can have a positive impact on our 2010 profitability as the markets have recently seen signs of stabilization of fertilizer prices and in light of the recent trends in the energy market with which fertilizers price tend to be correlated.”

About Changda International Holdings, Inc.

Changda International Holdings, Inc., through its wholly owned subsidiaries, Weifang Changda Chemical Industry Co., Ltd. and Weifang Changda Fertilizer Co., Ltd., produces compound fertilizers and snow melting agents in China. Changda is one of the leading compound fertilizer producers in Shandong Province, China, and is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers. For more information, please visit http://www.changdaint.com.

[stills999]

Although the PE is cheap, it concerns me that fertilizer profits decreased along with the more aggressive pricing ... is the competition closing in? Does this company have a stong enough moat?

[steeledge]

10K indicates trailing ('09) PE of about 8. Need to go thru the 10K in more detail, but not seeing any reason yet why 2010 won't be a good one for them.

http://sec.gov/Archives/edgar/data/1417624/000101376210000711/form10k.htm

[steeledge]

Schedule D filed; $900k offering completed

http://sec.gov/Archives/edgar/data/1417624/000101376210000423/xslFormDX01/primary_doc.xml

[steeledge]

Unfortunately it looks like any premium that there was is rapidly being eaten away. Looks like we'll hang around $2 for the offering, then perhaps move back up to a more reasonable level afterwards. Of course uplisting is out of the question at this low stock price.

[bionicblackblood]

Blog Post from chinaotcplayer.blogspot.com

From chinaotcplayer.blogspot.com:

Changda International (CIHD.OB) is a Weifang-based specialty chemicals producer. Apart from offering a wide array of organic and inorganic fertilizers, Changda is, according to the company, the largest producer of snow melting agent in China.

This is significant. This winter is especially snowy, especially in northeastern China, where Changda is based. Already, the company announced several weeks ago that "its orders for snow melt agent from the Chinese Government bodies for the year 2009 have already doubled as of December 2009, compared to the year 2008." The thing is, winter has only begun. This bodes well for the company.

That is not all. The company has developed a very interesting system of distributing its fertilizers through mail order by partnering with China Post. Again, this has resulted in a significant uptick in sales - 15% increase in demand, according to a December 2009 report. Through its collaboration with China Post, Changda is able to fully penetrate its core Shandong Province market via nearly 80,000 access points.

Valuation

Current Price: $2.85
52-Week Range: $2.25-$4.75
EPS: (2009) $0.27* (2010) $0.39*
P/E: (2009) 10.6x (2010) 7.3x
PEG: 0.24*

* Based on C.O.P. estimates. Does not take into account dilution from proposed offering.

Evaluation

The company currently has an S-1 filing outstanding, so it would be interesting to see what actually happens. The intent is to sell 10.35 million units, each comprised of a common share and a warrant, hopefully to raise $20 million. Even though this is priced at a significant discount to current market, it is not clear how much appetite there is for such an offering. We shall have to wait and see. Perhaps 4Q 2009 results (and more likely Q1 2010, given the winter period) will help the company sell its story.

The bottom line is - this is an interesting company with significant upside potential. I'm keeping a close eye.

My Position: None.
Posted by China OTC Player at 10:30 AM

[bionicblackblood]

15% Increase In Fertilizer Demand Distributed Through China Post

From www.euroinvestor.co.uk

2010 Changda International Holdings, Inc. Fertilizer Demand Distributed Through China Post Shows a 15% Demand Increase

Changda International Holdings (OTCBB: CIHD), the Weifang based specialty chemicals manufacturer announces that the new annual distribution contract with China Post for the year 2010 includes an increase of 15% of fertilizer demand from the company’s biggest distribution partner.

“This development shows the strong relationship with our distribution Partners China Post and the success of our distribution efforts. It is an important development that confirms the success of our strategy and choice of distribution partners and markets.” Said QinRan Zhu, CEO of the Company.

The national mail service has long replaced the state owned countryside trade organizations with a mail order system provided by China Post. Through its collaboration with China Post Changda accesses its core Shandong Province market though nearly 80,000 access points. Changda and China Post have worked together for the last six years.

The Directors believe that this is development, along with other positive news, such as the recent figures released by the National Bureau of Statistics showing a 9.5% year-on-year increase in the production of chemical fertilizers in China in 2009 H1, emphasizes the overall strength of the sector.

[kuwlness]

Chart says insider selling or dilution ... guess we wait and find out what's going on before loading up.

[steeledge]

I don't see any explanation for the selling, so no idea if it's bottoming out. As far as I know, the investment story is still the same.

Definitely not going to get an uplist at these prices though!

[kuwlness]

52-week low today ... bottoming out or falling apart?

[steeledge]

News...Primarily China fertilizer play, but now China cardio play as well...nice!

Changda International Holdings, Inc. (CIHD-OTC-BB) Appointed by the Provincial Government of Shandong, China as Founder of an R&D Center for Pharmaceutical Building Blocks Used in the Production of Cardiovascular MedicationLast update: 1/27/2010 11:28:00 AM

WEIFANG, China, Jan 27, 2010 (BUSINESS WIRE) -- Changda International Holdings Inc., the Weifang based specialty Chemicals manufacturer has been appointed by the Provincial Government of Shandong as the founder of an R&D Centre for pharmaceutical building blocks suitable for cardiovascular medications. Cardiovascular diseases are among the top three causes of death in china for men and women. "This is significant news for our company and further emphasizes our continued efforts to broaden our product range, applications and move up the value chain," said QinRan Zhu, CEO of the company. "We have always been firm believers in the pharmaceutical sector in China. Since we ventured into this market we have progressed rapidly, as this development is only one of a few in the recent past," added HuaRan Zhu, Executive Director and Head of the Chemical Division. The Shandong government only grants this status for a limited number of projects, each with a special field and only leading enterprises are granted access to this program. About Changda International Holdings, Inc. (CIHD) Changda International Holdings, Inc., through its wholly owned subsidiaries, Weifang Changda Chemical Industry Co., Ltd. and Weifang Changda Fertilizer Co., Ltd., produces compound fertilizers and snow melting agents in China. Changda is one of the leading compound fertilizer producers in Shandong Province, China, and is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers.

[steeledge]

CIHD gets a writeup on seeking alpha:

http://us.rd.yahoo.com/finance/external/pssa/SIG=1342cr7d9/*http%3A//seekingalpha.com/article/184720-changda-can-help-investors-profit-from-the-chinese-winter?source=yahoo

Changda International (CIHD.OB) is a Weifang-based specialty chemicals producer. Apart from offering a wide array of organic and inorganic fertilizers, Changda is, according to the company, the largest producer of snow melting agent in China.

This is significant. This winter is especially snowy, especially in northeastern China, where Changda is based. Already, the company announced several weeks ago that "its orders for snow melt agent from the Chinese Government bodies for the year 2009 have already doubled as of December 2009, compared to the year 2008." The thing is, winter has only begun. This bodes well for the company.

That is not all. The company has developed a very interesting system of distributing its fertilizers through mail order by partnering with China Post. Again, this has resulted in a significant uptick in sales - 15% increase in demand, according to a December 2009 report. Through its collaboration with China Post, Changda is able to fully penetrate its core Shandong Province market via nearly 80,000 access points.

Valuation

Current Price: $2.85
52-Week Range: $2.25-$4.75
EPS: (2009) $0.27* (2010) $0.39*
P/E: (2009) 10.6x (2010) 7.3x
PEG: 0.24*

* Based on C.O.P. estimates. Does not take into account dilution from proposed offering.

Evaluation

The company currently has an S-1 filing outstanding, so it would be interesting to see what actually happens. The intent is to sell 10.35 million units, each comprised of a common share and a warrant, hopefully to raise $20 million. Even though this is priced at a significant discount to current market, it is not clear how much appetite there is for such an offering. We shall have to wait and see. Perhaps 4Q 2009 results (and more likely Q1 2010, given the winter period) will help the company sell its story.

[steeledge]

CIHD nice revenue doubling news for their snow-melting agent

Changda Snow Melt Agent Sales to Chinese Government Authorities Doubled

Press Release Source: Changda International Holdings On Thursday January 7, 2010, 8:00 am EST

WEIFANG, China--(BUSINESS WIRE)--Changda International Holdings (OTCBB: CIHD - News), the Weifang based specialty chemicals manufacturer, announces that its orders for snow melt agent from the Chinese Government bodies for the year 2009 have already doubled as of December 2009, compared to the year 2008.

The growth was caused by increased demand of existing customers and winning additional customers.

The company supplies various Chinese institutions such as road & highway maintenance authorities. After heavy snowstorms hit the country in 2008, the government puts heightened attention on reducing the impacts of snowfall and icy conditions on the population.

"Our product, innovation and quality make us a strong competitor in China for this product. Our success and continued presence since nearly a decade in the Japanese market further emphasizes that. With more infrastructure being built and service demand of this infrastructure moving towards 365 days a year, we believe that we will experience further strong growth in this sector." said HuaRan Zhu, General Manager of Changda’s Chemical Division.
Solid DD combined with timeliness and conviction is a recipe for profits.

[steeledge]

S-1 filed plus uplist to NYSE/AMEX filed (mentioned in the S-1). The funds have a clear use in capacity expansion, per Rodman's Sept'09 report. Recall that Rodman is involved with these guys; I'm hoping they end up tickling CIHD like CAGC.

http://sec.gov/Archives/edgar/data/1417624/000101376209002409/forms1.htm

[steeledge]

Nice breakout for this mini-CAGC. Rather modest volume so I'm not holding my breath. Would like to see followthru next week, and just maybe we get our uplist!

[steeledge]

2010 Changda International Holdings, Inc. Fertilizer Demand Distributed Through China Post Shows a 15% Demand Increase

WEIFANG, China--(BUSINESS WIRE)--Changda International Holdings (OTCBB: CIHD - News), the Weifang based specialty chemicals manufacturer announces that the new annual distribution contract with China Post for the year 2010 includes an increase of 15% of fertilizer demand from the company’s biggest distribution partner.

“This development shows the strong relationship with our distribution Partners China Post and the success of our distribution efforts. It is an important development that confirms the success of our strategy and choice of distribution partners and markets.” Said QinRan Zhu, CEO of the Company.

The national mail service has long replaced the state owned countryside trade organizations with a mail order system provided by China Post. Through its collaboration with China Post Changda accesses its core Shandong Province market though nearly 80,000 access points. Changda and China Post have worked together for the last six years.

The Directors believe that this is development, along with other positive news, such as the recent figures released by the National Bureau of Statistics showing a 9.5% year-on-year increase in the production of chemical fertilizers in China in 2009 H1, emphasizes the overall strength of the sector.

[JGP83]

Short-Term Fertilizer Outlook prepared by International Fertilizer Industry Association (IFA) presents an overview of short-term prospects for world agriculture and fertilizer demand, as well as the global fertilizer supply and trade situation
in 2009 and 2010.

http://www.fertilizer.org/ifa/Home-Page/LIBRARY/Publication-database.html/Short-Term-Fertilizer-Outlook-2009-2010.html

[BiotechValues]

yep- on my radar also.

I bought some two months back but sold before the reverse due to concerns I had about future financing/dilution, etc.

I think others have done the same, (sell due to need for financing) and here CIHD is now with a sp that won't meet listing requirements.

Most companies will reverse with more cushion than CIHD gave itself with a 1:3 split, and have a few prs lined up to keep the sp up until they uplist, and then they get the financing they need.

It will be interesting to see what they do to rectify the situation.

I'm very tempted to get back in here but will watch a while longer.

[steeledge]

Upon further review of both the Amex and NASDAQ Cap mkt guidelines for initial listing, CIHD needs to get their bid above $3 otherwise no-go. Bummer for them!

[kuwlness]

I think this stock has a bright future as well ... have been waiting for confirmation of a bottom after the R/S. Almost started buying at $3, but then that gave out and now we're at $2.50. This is at all-time lows and after setting a 52-wk low, I dont think it'll be on too many people's radars ... great time to start accumulating IMO.

[steeledge]

I have started accumulating this stock. Today's dip was a nice opportunity, as the bids broke down quite a bit. I'm inclined to establish a large position, but am going to scale in until things become a little more clear. Of course by then the bargain shares may be gone.

Their imminent uplisting would seem to now be impeded by stock price, although i'm researching to see what their options are. Clearly CIHD needs some funding to finish up their capacity expansion, and with a declining stock price the terms are likely eroding rapidly.

[bionicblackblood]

Just received the following information from VP of Changda, Jan Pannemann and figured I should share with the board. Thank you to Jan for the prompt response.

-----------
The total outstanding funding requirement for the Heze plant is US$ 9 million. We are currently in the process obtaining the necessary funding for this expansion and we believe that this undertaking should take no longer than March 2010.

It is our intention to make a decision concerning the market to uplist shortly after Thanksgiving. The company has explored both NASDAQ and NYSE to uplist. We have already undertaken steps to ensure compliance with all necessary requirements for an uplisting on markets considered by the company.
-----------

Hope that is of use to anyone. GO CHANGDA!

[bUrRpPPP!]

Changda International Holdings, Inc Effects a One-For-Three Reverse Stock SplitLast update: 11/17/2009 10:09:02 PMWEIFANG, China, Nov 17, 2009 (BUSINESS WIRE) -- Changda International Holdings, Inc. (OTC Bulletin Board: CIHD) ("Changda" or the "Company"), which controls and operates Weifang Changda Chemical Industry Co., Ltd. ("Changda Chemical") and Weifang Changda Fertilizer Co., Ltd. in Weifang, People's Republic of China ("China"), today announced that the Company will effect a one-for-three reverse split of the Company's common stock and trade on the Over the Counter Bulletin Board under the new ticker symbol "CIHD.OB" effective at the open of the market on November 18, 2009, so that every three shares of common stock before the reverse stock split shall represent one share of common stock after the reverse stock split. As a result of the reverse split, the Company will have approximately 18,869,720 shares of common stock issued and outstanding.

[pnnymn]

Congrads.Just like u to sell in two weeks for $1.75 too.

[BiotechValues]

nice burp

[BiotechValues]

lol- it's easy to get confused with these reverse mergers sometimes.

have a great weekend.

[TrekRider]

CIHI, guys...I think I'll go back to being a good listener. Never mind me.

[Empire State]

Looks good for a test of $1.60 - $1.80s - chartwise imo

[bUrRpPPP!]

CIHI CHART.....now available on stockcharts.

[bUrRpPPP!]

Picked up 1.27's at the close for my first buy....WEEEEE!

[BiotechValues]

"Wouldn't you want to divide the EPS of .23 cents by 3 instead of multiplying by 3?"

There will be 1/3 the total number of shares to divide the net income into, so to compensate for the effect of the reverse split, projected earnings/share of .23 have to be multiplied by 3 to get .69/share.

[kuwlness]

Less shares = More EPS ... that's why you multiply it by 3, and not divide it by 3

[TrekRider]

Bunky,

I'm getting a laugh out of this. Wouldn't you want to divide the EPS of .23 cents by 3 instead of multiplying by 3? Anyway, split of no split my handy excel spreadsheet doesn't lie. The potential appreciation with a x9 p/e and present PPS of $1.27 amd .23 cent 2010 earnings projection is approximately 60% appreciation.

MW

[bunky]

I believe they are splitting 1:3 which would increase their eps from .23 to .69. the estimate by them which was prior to the expected 1:3 r/s....23 to .69...


Bunky

[TrekRider]

Bunky, You have multiplied the Rodman 2010 EPS estimate by 3 but not not accounted for the x3 extra shares in your p/e calculation. So far as I can tell, at a p/e of 9 (using Rodman's #'s) there will be around a a60% gain versus today's PPS of $1.30.

Mike

PS - You have an interesting alias

[bunky]

CIHI...if the projection given is 0.69 eps for 2010 after r/s turns out to be good...give it a 9 p/e = $6.21 which is a +378% gain...not too shabby if correct...


bol


Bunky

[pnnymn]

CIHI still looks basically undiscovered. Would like to get it on the cheap Friday morn but if it spikes up early on I will grab the best price I can.

[Stream205]

SeekingAlpha article about Goldman on China




http://seekingalpha.com/article/168191-what-goldman-learned-from-a-trip-to-china#comment-726316

[Empire State]

Grabbed a few today at $1.35....let's go CIHI!

[pnnymn]

Whats the time frame for them to uplist?