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It’s an ok idea but the time to do stuff like that is not after or during a beat down, the person or persons beating you down will see that as a sign of weakness. I spoke to the company and they are considering such a thing but will do so when the time is right. They know a lot of people have been accumulating, they are not willing to say who but they say they were courted very heavily by a hedge fund in New Jersey; the fund even came to China to try to close them on the equity line. They turned it down and have sense heard horror stories about this fund and its shorting. They feel he fund might of went short while they were on the OTCBB and may still carry a short position. They said they can account for almost all but 500K in the float and told me that if you look at the volume they have turned more then the unknown float above the current price so who would sell this low. None of the leaving directors hold big enough positions and many sit on other boards and SOX compliance issues would follow them. They did tell me they have set up road shows starting the 19th to the 23rd in New York to meet the street they said. Also felt IR would try to set up additional tv interviews. They said they are worried by the share price only as it reflects the lost confidence in the average investor. Fundamentally they felt they were solid and were due a correction. Mrs. Sim noted to me and said they would be pointing this out at the road shows as well that the company’s stock trades for less than 13 times trailing 12-month earnings. She concluded with the following, company is considering putting 2 for 1 on delay until price is sustainable above 10.00, they will fire the Transfer Agent if he hangs up on a shareholder (she said they were informed the same), and that they will do better communicating on 8k's through PR's so the situation is much clearer.
She also sent me an article that would seem to embrace the services the company provides, I will post it. I am confident that we have a stock that is a winner here its just going to take time. They care about us, they are not selling (so they say), and they are doing everything in their power to assist the stock, with 90% of the focus being fundamental and the other educating the funds on the fundamentals.
this hasnt changed either
CESV did a 1 for 20 when it was Rimmer Computers, China Energy Savings reversed merged into that public company. They have since become a listed NMS company. They are thinly traded but the numbers are solid and the energy crisis is because of China. These guys play a vital role in China manufacturing sector and government locals. They earn money on revenue share model, out right purchase and licensing. The revenue share model is the most intriguing. They do a 70/30 split on all savings. They can save on average 30-55% of the utilities cost. So if your a business that runs 24/7 and electricity is your backbone then saving money without upfront cost is a solution you have to consider, proven technology blessed by many authorities, faced with rolling blackouts with no out of pocket you get to save 30%, its a no brainer if its proven. What that means for us is 70% of the savings and these places use a ton of electricity supplying the world. They also install a time bomb so if the company slow pays them or doesn’t pay they shut it off now the companies cost just got impacted by that 30% they weren’t paying. As for the numbers they are strong and the revenue shared model also acts like a annuity for the company, they cant book a 15million dollar sale but they will more then likely see several million a year in earnings from that account a year, and it has been shown the accounts stay with Starway products. Bottom line the company intends not to rest with this business it is looking into coal mine and wind turbine generators in Asia. They will not only be selling but saving electricity.
PRICES
Date Open High Low Close Volume Adj Close*
6-Jul-05 10.13 10.40 9.62 9.88 80,700 9.88
5-Jul-05 10.00 10.20 9.70 9.82 35,100 9.82
1-Jul-05 9.99 10.12 9.70 9.98 127,600 9.98
30-Jun-05 10.32 10.34 9.92 9.96 96,800 9.96
29-Jun-05 10.16 10.29 9.92 10.29 61,300 10.29
28-Jun-05 10.29 10.37 10.02 10.28 19,700 10.28
27-Jun-05 11.25 11.25 9.61 10.35 102,800 10.35
24-Jun-05 11.80 12.24 11.00 11.17 313,300 11.17
23-Jun-05 10.91 11.19 10.70 10.70 35,800 10.70
22-Jun-05 11.00 11.24 10.06 10.51 36,900 10.51
21-Jun-05 10.37 10.64 10.31 10.58 10,600 10.58
20-Jun-05 10.90 10.90 10.15 10.20 11,000 10.20
17-Jun-05 10.87 10.88 10.30 10.35 21,900 10.35
16-Jun-05 10.09 10.40 10.04 10.18 13,600 10.18
15-Jun-05 10.52 10.52 9.82 10.00 42,900 10.00
14-Jun-05 11.98 12.00 10.07 10.21 64,600 10.21
13-Jun-05 12.80 12.90 10.30 10.40 52,700 10.40
10-Jun-05 13.25 13.49 12.44 12.80 14,200 12.80
9-Jun-05 13.11 13.48 13.10 13.43 9,800 13.43
8-Jun-05 12.00 13.50 12.00 13.21 51,600 13.21
7-Jun-05 11.50 12.30 11.50 12.13 12,900 12.13
6-Jun-05 11.55 12.00 11.51 11.55 10,800 11.55
3-Jun-05 11.95 12.17 11.20 11.29 17,800 11.29
2-Jun-05 11.03 11.98 10.70 11.94 33,400 11.94
1-Jun-05 10.60 11.25 10.60 11.22 15,300 11.22
31-May-05 11.53 11.53 11.21 11.30 11,400 11.30
27-May-05 11.53 11.99 11.53 11.90 26,500 11.90
26-May-05 10.72 11.58 10.50 11.50 23,700 11.50
25-May-05 10.00 10.75 10.00 10.55 17,500 10.55
24-May-05 11.01 11.01 9.77 10.22 12,900 10.22
23-May-05 11.24 11.24 10.99 11.01 4,100 11.01
20-May-05 11.80 11.80 11.15 11.15 6,000 11.15
19-May-05 11.64 11.80 11.06 11.80 4,200 11.80
18-May-05 11.75 11.75 11.30 11.64 8,400 11.64
17-May-05 12.00 12.35 11.75 11.99 14,100 11.99
16-May-05 11.76 12.15 11.76 12.10 15,500 12.10
13-May-05 11.80 12.10 11.75 11.75 8,400 11.75
12-May-05 11.52 12.00 11.20 12.00 18,900 12.00
11-May-05 12.19 12.49 11.05 11.29 12,700 11.29
10-May-05 10.97 12.40 10.97 12.30 19,600 12.30
9-May-05 13.50 13.50 11.85 12.50 28,200 12.50
6-May-05 10.80 13.50 10.80 12.47 34,700 12.47
5-May-05 10.05 10.35 9.56 10.20 8,100 10.20
4-May-05 10.52 10.52 9.75 10.44 3,200 10.44
3-May-05 10.75 10.75 9.90 10.52 26,300 10.52
2-May-05 9.26 12.02 8.00 10.99 34,600 10.99
29-Apr-05 10.88 10.88 9.86 10.00 1,200 10.00
28-Apr-05 10.00 10.40 9.36 10.40 4,600 10.40
27-Apr-05 11.50 11.50 9.50 10.21 12,900 10.21
26-Apr-05 12.25 12.25 10.65 10.75 5,600 10.75
25-Apr-05 13.00 13.00 10.80 12.10 10,000 12.10
22-Apr-05 15.00 15.00 13.50 13.85 11,100 13.85
21-Apr-05 14.74 18.00 14.74 15.00 11,500 15.00
20-Apr-05 16.10 16.10 13.50 14.75 6,100 14.75
19-Apr-05 13.60 16.55 13.50 15.70 49,400 15.70
18-Apr-05 10.01 12.50 10.01 12.50 21,700 12.50
15-Apr-05 8.60 10.01 8.40 9.98 9,700 9.98
14-Apr-05 8.80 8.80 8.80 8.80 3,700 8.80
13-Apr-05 8.00 8.80 8.00 8.78 300 8.78
12-Apr-05 8.05 9.00 8.00 8.80 4,100 8.80
11-Apr-05 8.05 8.50 8.05 8.50 1,700 8.50
8-Apr-05 8.50 8.50 8.50 8.50 100 8.50
7-Apr-05 8.80 8.80 8.25 8.50 1,900 8.50
6-Apr-05 8.75 9.00 8.25 9.00 3,000 9.00
5-Apr-05 8.40 9.00 8.40 9.00 3,000 9.00
4-Apr-05 9.00 9.00 8.40 8.40 2,600 8.40
Bob,
Your post are very good and I agree with most. one thing people are missing is that if China is a bubble play it wont pop any time soon. There are 3 billion people in China. of that the majority are less then middle class. Times are changing, they are acessing US markets, they have joined the WTO, they have the Olympics in 2008, no terrorist attacks, and about 1 billion up incomming consumers. They are ahead of the US in telecommunications, and manufacturing shows no sign of slowing. I think the china bubble hasnt even formed yet.
CESV problems are not CESV's problem. The company hasnt made a ton of mistakes that would create the recent sell off, actually they have supplied a ton of new news,new contracts, and they havent issued new shares or increased the outstanding. I think they must beas upset as we all are. Bottom line they arent in control of the market but the fundamentals here are in tact so Ill go long, let whoever is selling sell and pick up more on the cheap.
saw it, spoke to IR and legal seems like last year stuff, SEC attorny said it was minor issue and that the SEC is really cracking down on international companies (IBM just restated) it isnt a big issue inmo
The board activity is up so eyeballs are increased here. I welcome all doubters and shouters along with the cheers. I am somewhere in the middle (maybe more like Beigeldog) I have enough shares and am searching for the answers. I am confused by the volume spike and supply because it doesnt match the numbers. Here is where I am with the numbers.
Shares outstanding (rounding these numbers) 24 million
Insders holds 16 million
that leaves 8 million of which 1.9 are free trading.
Float to me and most investors means freely tradeable shares. According to the transfer agent the only amount of free trading or float shares is 1.9 million shares meaning that is what can be traded. Which means to me and should to you is that the float is 1.9 and the orher 7.1 million shares are 144 and WILL require 144 fillings to sell them. The transfer agent is like an auditor they are independent of the company and if what some are hypothicating is true securities laws are being violated.
EOM sorry to late respond. Dont forget that any historical information past the reverse merger date which I think was a year or so this August is a small computer company that did very little in revenues. Not sure how that affects the scnario you posted but I appreciate the math on it none the less
CESV did a 1 for 20 when it was Rimmer Computers, China Energy Savings reversed merged into that public company. They have since become a listed NMS company. They are thinly traded but the numbers are solid and the energy crisis is because of China. These guys play a vital role in China manufacturing sector and government locals. They earn money on revenue share model, out right purchase and licensing. The revenue share model is the most intriguing. They do a 70/30 split on all savings. They can save on average 30-55% of the utilities cost. So if your a business that runs 24/7 and electricity is your backbone then saving money without upfront cost is a solution you have to consider, proven technology blessed by many authorities, faced with rolling blackouts with no out of pocket you get to save 30%, its a no brainer if its proven. What that means for us is 70% of the savings and these places use a ton of electricity supplying the world. They also install a time bomb so if the company slow pays them or doesn’t pay they shut it off now the companies cost just got impacted by that 30% they weren’t paying. As for the numbers they are strong and the revenue shared model also acts like a annuity for the company, they cant book a 15million dollar sale but they will more then likely see several million a year in earnings from that account a year, and it has been shown the accounts stay with Starway products. Bottom line the company intends not to rest with this business it is looking into coal mine and wind turbine generators in Asia. They will not only be selling but saving electricity.
ouch stock went down on promotion???? Where can one enter this? I had buys out at 88 couldnt get filled
HMM your name reads ALMI99 but you have posted more on CESV then ALMI? I doubt CESV misses the majical funds, there are all kinds of funds that invest in profitable NAZ companies. PE of 6 is cheap on a NAZ energy play I disagree.
As for the question of the size of market if the IR tells the story correctly they cant count all the revenues that they have because they are on revenue share plans with many companies, the GAPP rules dont allow recogition.
As for the market, of the people that your talking too anyu of them in the 300 million poverty stricken people that are being pushed into middle class style living? How about reports from American companies that are complaing of rolling black outs and the inabillity to use electricty and using coal, and generators. What about the Olympics in 2008 needing clean air for events? What abotu the development zones? What about the GDP growing 10% on average? What about the 100,000 or so articles you will find on Google when you enter China Energy (Crisis, problem, blackouts etc) would you take your research from the few you speak to in China that get the news feed to them by a state run news agency or the free press in Euorpe and in the US and US Companies that have things manufactured in China are saying? I think its undervalued and your ina good position under 10.00. IMO
I welcome any post that is about investing from smart people. I thank Dream for using the OT and cant we all jsut get along?
is dillution always bad? they are solid and have a small os, maybe they increase that it increases Inst. holdings and so on. No saying I want to be dilluted but in some cases it works.
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• Energy
China's Energy Needs Light Up
Prospects for Coal, Power Stocks
By MEI FONG
Staff Reporter of THE WALL STREET JOURNAL
April 29, 2005
SHANGHAI -- China's continuing energy shortage is helping stoke interest in planned stock-market listings by the country's two biggest coal producers. Analysts say the still-surging Chinese appetite for electricity and an expected round of power-price increases by regulators ahead of the peak summer manufacturing season are adding a shimmer to the coming listings and existing energy plays. But questions about whether recent heavy investments could spawn a power oversupply are casting a cloud over the sector in the long term.
Shenhua Energy, China's largest coal producer by volume, aims to have a dual listing in Hong Kong and Shanghai in May that would raise US$3 billion -- which would make it the country's biggest initial public offering in nearly two years. China National Coal Group, the second-largest coal producer, is planning a US$1 billion IPO on Hong Kong's stock exchange by the end of the year.
So far, one company in China's highly fragmented coal industry has gotten an overseas listing. It's Yanzhou Coal Mining, which also has American depositary receipts that are traded on the New York Stock Exchange.
Rising coal prices have given Yanzhou a boost. On Monday, Yanzhou said its 2004 net profit rose to 3.15 billion yuan ($380.6 million) from 1.39 billion yuan a year earlier, which caused its Hong Kong-listed shares to jump 7% to HK$10.70 (US$1.37) on Tuesday. On Thursday, the company said its net profit during the first quarter of 2005 was 792.7 million yuan, compared with 391.9 million yuan in the same period of 2004. Its shares rose 1% to close at HK$10.55.
Also Thursday, shares of another company in China's power industry, machinery supplier Shanghai Electric Group, began trading on the Hong Kong Stock Exchange after raising US$648 million in an IPO. The shares closed at HK$1.71 each, one Hong Kong cent above their IPO price.
Not all China energy plays are good bets, analysts say. The analysts have concerns about the future of China's independent power producers, which must contend with high production costs, including coal costs and shipping rates, but can't fully pass on those expenses to consumers, under state regulations.
But many other energy-related companies are continuing to benefit from China's growing power requirements, analysts say. These include coal producers; shipping companies that carry coal; power-equipment suppliers; natural-gas suppliers; and companies that make the diesel generators that factory owners depend on during brownouts and blackouts.
"Demand is not the problem, but power-sector costs are growing faster than demand," says Manoj Sangiambut, CLSA's senior analyst for Asian-Pacific markets. So "coal has strength" and natural gas has good prospects too, but the outlook for China's independent power producers -- including Hong Kong-listed Huaneng Power International and Datang International Power Generation -- is "flaccid," he says.
Mou Qizheng, an analyst for Shenyin Wanguo Securities in Shanghai, says Shenhua, which has the largest high-quality coal reserves in China , has several advantages over other state-run producers. Set up less than 25 years ago, the young company doesn't have the social-security burdens that plague older state-owned mines. Shenhua also has diversified into power generation and transportation -- other businesses that have bottlenecks as well as voracious market demand, she says.
China's demand for coal is likely to stay strong in the next five years as long as the economy keeps growing more than 8% per year, ensuring "a bright prospect for most listed coal companies in the long run," Ms. Mou says.
However, other industry analysts warn that a trend of rising coal prices is likely to slow down, following Chinese government measures announced last year to rein in overdevelopment of energy-consuming industries.
Some analysts are wondering how long China will face energy shortages. "People are a little nervous about oversupply [of power] in some areas," says Alice Hui, regional utilities and power analyst at UBS Hong Kong. "There could be just another year of power shortage in China ."
Other analysts point out that electricity consumption has outstripped China's economic growth since 1999 and might continue to do so.
While soaring coal prices depressed investor sentiment about China's power plants for most of 2004, there is one bright spot this year: The government says it will implement a tariff increase in the next month, linking power tariffs to fuel-cost inflation and enabling producers to pass on more of their costs to customers.
Still, many industry watchers say they believe rising coal prices could outweigh the benefits of a tariff increase. The new raises in tariffs should be "the last piece of good news for the sector," says CLSA's Mr. Manoj, who wrote in a research report that "any optimism on this new policy should be viewed as an exit point for investors."
Even power companies that don't use coal have problems. Hydroelectric-power producer China Yangtze Power was previously an analyst darling, as it didn't have to worry about coal prices or how to deal with regulatory pressure to generate renewable energy sources.
However, the Shanghai-listed company fell from favor earlier this month when it reported a 27% year-to-year decline in first-quarter net profit to 343 million yuan due to escalating costs. The company, a unit of government-owned China Three Gorges Project, which is in charge of the world's largest hydropower project, said Thursday that it hopes to sell up to four billion yuan in short-term debt. Shares of China Yangtze closed 1.7% higher Thursday at 8.39 yuan.
---- Qiu Haixu in Beijing contributed to this article.
Write to Mei Fong at mei.fong@wsj.com
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Yanzhou Coal Mining Co. Ltd. ADS (YZC)
PRICE
CHANGE
U.S. dollars 69.41
0.91
5/6
Huaneng Power International Inc. ADS (HNP)
PRICE
CHANGE
U.S. dollars 30.39
-0.06
5/6
* At Market Close
RELATED INDUSTRIES
• Energy
China's Energy Needs Light Up
Prospects for Coal, Power Stocks
By MEI FONG
Staff Reporter of THE WALL STREET JOURNAL
April 29, 2005
SHANGHAI -- China's continuing energy shortage is helping stoke interest in planned stock-market listings by the country's two biggest coal producers. Analysts say the still-surging Chinese appetite for electricity and an expected round of power-price increases by regulators ahead of the peak summer manufacturing season are adding a shimmer to the coming listings and existing energy plays. But questions about whether recent heavy investments could spawn a power oversupply are casting a cloud over the sector in the long term.
Shenhua Energy, China's largest coal producer by volume, aims to have a dual listing in Hong Kong and Shanghai in May that would raise US$3 billion -- which would make it the country's biggest initial public offering in nearly two years. China National Coal Group, the second-largest coal producer, is planning a US$1 billion IPO on Hong Kong's stock exchange by the end of the year.
So far, one company in China's highly fragmented coal industry has gotten an overseas listing. It's Yanzhou Coal Mining, which also has American depositary receipts that are traded on the New York Stock Exchange.
Rising coal prices have given Yanzhou a boost. On Monday, Yanzhou said its 2004 net profit rose to 3.15 billion yuan ($380.6 million) from 1.39 billion yuan a year earlier, which caused its Hong Kong-listed shares to jump 7% to HK$10.70 (US$1.37) on Tuesday. On Thursday, the company said its net profit during the first quarter of 2005 was 792.7 million yuan, compared with 391.9 million yuan in the same period of 2004. Its shares rose 1% to close at HK$10.55.
Also Thursday, shares of another company in China's power industry, machinery supplier Shanghai Electric Group, began trading on the Hong Kong Stock Exchange after raising US$648 million in an IPO. The shares closed at HK$1.71 each, one Hong Kong cent above their IPO price.
Not all China energy plays are good bets, analysts say. The analysts have concerns about the future of China's independent power producers, which must contend with high production costs, including coal costs and shipping rates, but can't fully pass on those expenses to consumers, under state regulations.
But many other energy-related companies are continuing to benefit from China's growing power requirements, analysts say. These include coal producers; shipping companies that carry coal; power-equipment suppliers; natural-gas suppliers; and companies that make the diesel generators that factory owners depend on during brownouts and blackouts.
"Demand is not the problem, but power-sector costs are growing faster than demand," says Manoj Sangiambut, CLSA's senior analyst for Asian-Pacific markets. So "coal has strength" and natural gas has good prospects too, but the outlook for China's independent power producers -- including Hong Kong-listed Huaneng Power International and Datang International Power Generation -- is "flaccid," he says.
Mou Qizheng, an analyst for Shenyin Wanguo Securities in Shanghai, says Shenhua, which has the largest high-quality coal reserves in China , has several advantages over other state-run producers. Set up less than 25 years ago, the young company doesn't have the social-security burdens that plague older state-owned mines. Shenhua also has diversified into power generation and transportation -- other businesses that have bottlenecks as well as voracious market demand, she says.
China's demand for coal is likely to stay strong in the next five years as long as the economy keeps growing more than 8% per year, ensuring "a bright prospect for most listed coal companies in the long run," Ms. Mou says.
However, other industry analysts warn that a trend of rising coal prices is likely to slow down, following Chinese government measures announced last year to rein in overdevelopment of energy-consuming industries.
Some analysts are wondering how long China will face energy shortages. "People are a little nervous about oversupply [of power] in some areas," says Alice Hui, regional utilities and power analyst at UBS Hong Kong. "There could be just another year of power shortage in China ."
Other analysts point out that electricity consumption has outstripped China's economic growth since 1999 and might continue to do so.
While soaring coal prices depressed investor sentiment about China's power plants for most of 2004, there is one bright spot this year: The government says it will implement a tariff increase in the next month, linking power tariffs to fuel-cost inflation and enabling producers to pass on more of their costs to customers.
Still, many industry watchers say they believe rising coal prices could outweigh the benefits of a tariff increase. The new raises in tariffs should be "the last piece of good news for the sector," says CLSA's Mr. Manoj, who wrote in a research report that "any optimism on this new policy should be viewed as an exit point for investors."
Even power companies that don't use coal have problems. Hydroelectric-power producer China Yangtze Power was previously an analyst darling, as it didn't have to worry about coal prices or how to deal with regulatory pressure to generate renewable energy sources.
However, the Shanghai-listed company fell from favor earlier this month when it reported a 27% year-to-year decline in first-quarter net profit to 343 million yuan due to escalating costs. The company, a unit of government-owned China Three Gorges Project, which is in charge of the world's largest hydropower project, said Thursday that it hopes to sell up to four billion yuan in short-term debt. Shares of China Yangtze closed 1.7% higher Thursday at 8.39 yuan.
---- Qiu Haixu in Beijing contributed to this article.
Write to Mei Fong at mei.fong@wsj.com
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Yanzhou Coal Mining Co. Ltd. ADS (YZC)
PRICE
CHANGE
U.S. dollars 69.41
0.91
5/6
Huaneng Power International Inc. ADS (HNP)
PRICE
CHANGE
U.S. dollars 30.39
-0.06
5/6
* At Market Close
RELATED INDUSTRIES
• Energy
China's Energy Needs Light Up
Prospects for Coal, Power Stocks
By MEI FONG
Staff Reporter of THE WALL STREET JOURNAL
April 29, 2005
SHANGHAI -- China's continuing energy shortage is helping stoke interest in planned stock-market listings by the country's two biggest coal producers. Analysts say the still-surging Chinese appetite for electricity and an expected round of power-price increases by regulators ahead of the peak summer manufacturing season are adding a shimmer to the coming listings and existing energy plays. But questions about whether recent heavy investments could spawn a power oversupply are casting a cloud over the sector in the long term.
Shenhua Energy, China's largest coal producer by volume, aims to have a dual listing in Hong Kong and Shanghai in May that would raise US$3 billion -- which would make it the country's biggest initial public offering in nearly two years. China National Coal Group, the second-largest coal producer, is planning a US$1 billion IPO on Hong Kong's stock exchange by the end of the year.
So far, one company in China's highly fragmented coal industry has gotten an overseas listing. It's Yanzhou Coal Mining, which also has American depositary receipts that are traded on the New York Stock Exchange.
Rising coal prices have given Yanzhou a boost. On Monday, Yanzhou said its 2004 net profit rose to 3.15 billion yuan ($380.6 million) from 1.39 billion yuan a year earlier, which caused its Hong Kong-listed shares to jump 7% to HK$10.70 (US$1.37) on Tuesday. On Thursday, the company said its net profit during the first quarter of 2005 was 792.7 million yuan, compared with 391.9 million yuan in the same period of 2004. Its shares rose 1% to close at HK$10.55.
Also Thursday, shares of another company in China's power industry, machinery supplier Shanghai Electric Group, began trading on the Hong Kong Stock Exchange after raising US$648 million in an IPO. The shares closed at HK$1.71 each, one Hong Kong cent above their IPO price.
Not all China energy plays are good bets, analysts say. The analysts have concerns about the future of China's independent power producers, which must contend with high production costs, including coal costs and shipping rates, but can't fully pass on those expenses to consumers, under state regulations.
But many other energy-related companies are continuing to benefit from China's growing power requirements, analysts say. These include coal producers; shipping companies that carry coal; power-equipment suppliers; natural-gas suppliers; and companies that make the diesel generators that factory owners depend on during brownouts and blackouts.
"Demand is not the problem, but power-sector costs are growing faster than demand," says Manoj Sangiambut, CLSA's senior analyst for Asian-Pacific markets. So "coal has strength" and natural gas has good prospects too, but the outlook for China's independent power producers -- including Hong Kong-listed Huaneng Power International and Datang International Power Generation -- is "flaccid," he says.
Mou Qizheng, an analyst for Shenyin Wanguo Securities in Shanghai, says Shenhua, which has the largest high-quality coal reserves in China , has several advantages over other state-run producers. Set up less than 25 years ago, the young company doesn't have the social-security burdens that plague older state-owned mines. Shenhua also has diversified into power generation and transportation -- other businesses that have bottlenecks as well as voracious market demand, she says.
China's demand for coal is likely to stay strong in the next five years as long as the economy keeps growing more than 8% per year, ensuring "a bright prospect for most listed coal companies in the long run," Ms. Mou says.
However, other industry analysts warn that a trend of rising coal prices is likely to slow down, following Chinese government measures announced last year to rein in overdevelopment of energy-consuming industries.
Some analysts are wondering how long China will face energy shortages. "People are a little nervous about oversupply [of power] in some areas," says Alice Hui, regional utilities and power analyst at UBS Hong Kong. "There could be just another year of power shortage in China ."
Other analysts point out that electricity consumption has outstripped China's economic growth since 1999 and might continue to do so.
While soaring coal prices depressed investor sentiment about China's power plants for most of 2004, there is one bright spot this year: The government says it will implement a tariff increase in the next month, linking power tariffs to fuel-cost inflation and enabling producers to pass on more of their costs to customers.
Still, many industry watchers say they believe rising coal prices could outweigh the benefits of a tariff increase. The new raises in tariffs should be "the last piece of good news for the sector," says CLSA's Mr. Manoj, who wrote in a research report that "any optimism on this new policy should be viewed as an exit point for investors."
Even power companies that don't use coal have problems. Hydroelectric-power producer China Yangtze Power was previously an analyst darling, as it didn't have to worry about coal prices or how to deal with regulatory pressure to generate renewable energy sources.
However, the Shanghai-listed company fell from favor earlier this month when it reported a 27% year-to-year decline in first-quarter net profit to 343 million yuan due to escalating costs. The company, a unit of government-owned China Three Gorges Project, which is in charge of the world's largest hydropower project, said Thursday that it hopes to sell up to four billion yuan in short-term debt. Shares of China Yangtze closed 1.7% higher Thursday at 8.39 yuan.
---- Qiu Haixu in Beijing contributed to this article.
Write to Mei Fong at mei.fong@wsj.com
cesv
China Policymaker: Avg Elec Price To Rise CNY0.0252 May 1
DOW JONES NEWSWIRES
April 30, 2005 5:55 a.m.
SHANGHAI -- Starting Sunday, the price of electricity nationwide will be raised by an average CNY0.0252 a kilowatt-hour, as part of the government's new pricing mechanism linking coal costs to electricity prices, the industry policymaker said Saturday.
Linking the price of coal and electricity doesn't mean electricity generators will be passing along their full cost to their customers, the National Development and Reform Commission said in a statement.
The government is requiring generating enterprises to digest 30% of the costs, with the aim for them to strengthen their management and cut costs, the commission said.
It said as part of efforts to prevent a cycle of price rises in coal and electricity, coal producers are required not to raise coal prices because of the adjustment in electricity prices, the commission said, adding it would be monitoring local coal pricing.
-By J.R. Wu, Dow Jones Newswires; (86-21) 6120-1200; jr.wu@dowjones.com
(Zheng Xiaolu contributed to this article.)
cesv
China Policymaker: Avg Elec Price To Rise CNY0.0252 May 1
DOW JONES NEWSWIRES
April 30, 2005 5:55 a.m.
SHANGHAI -- Starting Sunday, the price of electricity nationwide will be raised by an average CNY0.0252 a kilowatt-hour, as part of the government's new pricing mechanism linking coal costs to electricity prices, the industry policymaker said Saturday.
Linking the price of coal and electricity doesn't mean electricity generators will be passing along their full cost to their customers, the National Development and Reform Commission said in a statement.
The government is requiring generating enterprises to digest 30% of the costs, with the aim for them to strengthen their management and cut costs, the commission said.
It said as part of efforts to prevent a cycle of price rises in coal and electricity, coal producers are required not to raise coal prices because of the adjustment in electricity prices, the commission said, adding it would be monitoring local coal pricing.
-By J.R. Wu, Dow Jones Newswires; (86-21) 6120-1200; jr.wu@dowjones.com
(Zheng Xiaolu contributed to this article.)
China Policymaker: Avg Elec Price To Rise CNY0.0252 May 1
DOW JONES NEWSWIRES
April 30, 2005 5:55 a.m.
SHANGHAI -- Starting Sunday, the price of electricity nationwide will be raised by an average CNY0.0252 a kilowatt-hour, as part of the government's new pricing mechanism linking coal costs to electricity prices, the industry policymaker said Saturday.
Linking the price of coal and electricity doesn't mean electricity generators will be passing along their full cost to their customers, the National Development and Reform Commission said in a statement.
The government is requiring generating enterprises to digest 30% of the costs, with the aim for them to strengthen their management and cut costs, the commission said.
It said as part of efforts to prevent a cycle of price rises in coal and electricity, coal producers are required not to raise coal prices because of the adjustment in electricity prices, the commission said, adding it would be monitoring local coal pricing.
-By J.R. Wu, Dow Jones Newswires; (86-21) 6120-1200; jr.wu@dowjones.com
(Zheng Xiaolu contributed to this article.)
weee up 3.00
I was going to but couldnt get acess to my funds for three days some new farging rule that says I have to wait trade plus three before I can use the cash. If anyone else has Penson Financial get ready for the same.
I spoke to a sales rep today for SOYO he was excited about the screens. He said they are to be on top of the motherboard sales.
Thats good I think withthe distribution they have they can move some screens. is this replacing the motherboard sales or adding too?
Riga, or as JayZ would Say Riga What,
Where are we with SOYO? Seems like it fizzled out was the resitance to high in the dollar range? I saw the company at a event last month cool products, they lost the going concern., they have large revs for any otcbb, what is missing? I am long 200K shares average 30 cents so I am not bashing just looking for insight
They are a active MM just not filling any orders on either side
Love SOYO am I the only one?
Crap with revenues is ok
wheres the orders for the baseline business that Bill told us about? It seems nothing but NANO on the brain. We still have very little sales I would like to see some tons sold to Lintech and others for the regular market. NANO is hot but not right now we need sales to carry us through tho be a part of the NANO world. BILL you always said your a miner more mining less talking to reporters please. Or issue a PR and speak to the market.
Posted by: Rigel_7
In reply to: None Date:4/6/2005 12:10:09 PM
Post #of 137
Going Concern Removed - Excellent News
Spent some time reading through the 10K recently, and comparing bits and pieces of it to last year's 10K. Some sections I skim and others I really read thoroughly. One of those sections I read in detail is the Report from the Independent Auditor. Last year the auditors raised doubt about the company continuing as a going concern. They cited operating losses and limited cash flow.
This year, however, as I read through that same section I realized that the auditors did not cite any of these issues, and there was no discussion about the going concerns regarding the company's financial situation.
I think this is really excellent news and should put a lot of investors at ease when considering getting involved with SOYO. I'm sure management is also pleased that these concerns have been removed. Congratulations to them for doing what they are supposed to do. Go SOYO!
in case u missed it
SOYO Group and GUS Networks Partner to Bring VoIP Service to Small Business and Enterprise Markets
Wednesday April 6, 11:00 am ET
ONTARIO, Calif., April 6 /Xinhua-PRNewswire/ -- SOYO® Group, Inc., (OTC Bulletin Board: SOYO - News), a leading provider of computer motherboards, computer peripheral devices, and consumer electronics, today announced that its entire line of Z-Connect VoIP (Voice over Internet Protocol) telephones, routers and gateways are now available through GUS Networks, Inc. an internationally recognized total solutions provider of Internet/Intranet products and services for electronic commerce and other critical business operations in and between the United States, European, and Asian business communities.
ADVERTISEMENT
''There is a tremendous opportunity for systems integrators, such as GUS Networks, targeting the growing demand for VoIP products and services in the SOHO and SME markets, and Z-Connect delivers the ideal hardware and service solution for reducing telecommunications expenses,'' said Shaun Kung, vice president of sales for SOYO Group, Inc.'s VoIP Division. ''With Z-Connect, no additional investment in equipment or changes to system configurations are required, and our flexible pay-as-you-go pricing strategy ensures that users only pay for the call time they use.''
According to ZDNet's IT Facts, the market for VoIP equipment sold to corporations and other enterprises, including phones, hardware and software, grew 78% to $3.07 billion in 2004. The market is seen rising to $4.42 billion in 2005 according to Synergy Research Group, and by 2009 is expected to represent nearly $11 billion in sales.
SOYO's Z-Connect VoIP product line includes the Z-Connect Telephone that can be plugged directly into any broadband connection for instant VoIP capability and the Z-Connect Router that combines a voice gateway and a network router to maximize existing broadband connections. Users plug their analog phone into the Z-Connect Router for VoIP capability, and can also connect up to four computers for shared, secure Internet access. Both the Z-Connect Telephone and Router are pre-configured with up to 150 minutes of free call time, and GUS customers can buy additional time by logging on to http://refilltime.com or through their GUS sales rep.
The Z-Connect Single Mode and Dual Mode Gateways deliver turnkey VoIP solutions that seamlessly integrate into the office environment without upgrading infrastructure, reconfiguring the PBX or changing users' familiar dialing patterns. Up to four analog phone or fax lines can be connected to the Gateways, or the Gateways can easily be connected to the PBX. The Gateways are compatible with a variety of networks, broadband access devices and system configurations.
''Our customers are looking for cost effective, easy to use solutions for reducing telecommunications costs, and SOYO's Z-Connect family of products meets that demand,'' said Yuhong Huang, CEO of GUS Networks. ''SOYO's Z-Connect products and calling services are suitable for a wide array of uses, and they are ideal solutions for the small to medium enterprise. At GUS we feel that VoIP is the future for telecommunications, and we are very excited to join forces with SOYO to open up new avenues for small to medium business and corporate customers to enjoy the cost savings and convenience of VoIP service.''
About SOYO Group Inc.
SOYO Group, Inc. (OTC Bulletin Board: SOYO - News) is a leading global provider of computer, consumer electronics, networking, and broadband telecommunications products and services that meet the needs of all markets-from the end-user to the enterprise. Headquartered in Ontario, California, with sales offices in Sao Paulo, Brazil, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. For more information about the company and its products, please call (909) 292-2500 or visit our Web site at http://www.soyogroup.com .
About GUS Networks, Inc.
GUS Networks, Inc. (GUS), founded in 1994, is an internationally recognized total solutions provider of Internet/Intranet products and services for electronic commerce and other critical business operations in and between the United States, Europe, and Asian business communities. GUS provides solutions to its customers through three basic layers of service: Connectivity, Managed Networks and E-commerce. Some of the industries GUS services include: freight forwarders, major manufacturers, educational facilities, banks, both foreign and domestic, credit unions, a wide array of other financial institutions, media outlets and more, on a global basis For more information about the company and its products, please call (626) 330-2003, or visit the Web site at http://www.gus.net .
Safe Harbor Act Notice
This information contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. Third party statements contained herein and information contained on any third party website are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.
For more information, please contact:
Corporate Contact:
Ms. Pat Harriman, Director of Marketing,
SOYO Group, Inc.
Tel: +1-909-292-2543
Email: path@soyogroup.com
Technical Media Relations:
Mr. Len Fernandes,
Sierra Tech Public Relations
Tel: +1-530-832-1613
Email: lencom@earthlink.net
Investor Relations:
Mr. John D. Roskelley, President,
First Global Media
Tel: +1-480-902-3110
Email: jroskelley@firstglobalmedia.com
SOYO ready to break out
the CEO forgot to continye with the news and I think most are comfortable and are just waiting or have taken profits. Either way her we sit and see what comes next, hopefully #'s
SOYO break out soon
your suggesting to hold not buy?
amls running
holy AMLS thanks RIG nice pick again any targets? I like they symbol close to almi
is this the new place for me? Swing seems dead I see some familiar faces here. Anyone make out on SOYO?
been away for a bit where is everyone?
understood
All I am saying is why will they pay it on a sell but not a buy?
Consider this. Those MM ae short and of we squeeze them we will run. Why else would a MM not take a buy but a sell they pay by the transaction in or out. Whomever trades for Ameritrade and Scottrade is more then likely short