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SBAY has China groupon component that traders have not found yet:
http://www.tradingmarkets.com/news/press-release/sbay_subaye-inc-announces-paying-core-online-video-customers-increased-11-5-in-july-2010-adding-3-942-1113453.html
On August 10, the Company launched a new service program called "Group Buy Network" ( ) for its existing online video customers to use for free until December 31, 2010. The new platform provides a forum for Subaye customers to secure a sale and build incidental brand goodwill and awareness. Subaye provides a forum for the sale of a particular unit volume of a certain product or service to be sold by a certain predetermined deadline. Online shoppers can approach Subaye's customers to purchase the specified product or service at a significant discount by buying the specific product or service at a predetermined volume and price by acting as a group to meet the volume requirements necessary to generate enough profit for Subaye's customer to justify the lower sales price. The entire group agrees to purchase the same item. The shoppers benefit by paying less, and
the business benefits by increasing revenues and profits.
SBAY - looks like it's getting some action on their china video angle, Youku & Toudo, and KUTV (big move today)
Rames, with china stocks out of favor for a few minutes at least, it's time to buy up the depressed favorites. I got more KUN today but missed on DHRM. I flipped some KNDI for a loss this morning...sheesh, good thing they came out with GOOD news! ;)
KUN - my stink bid hit! sweet
KUN DHRM - stink bids not getting hit yet darnit!
CEU - hearing there's a "RINO-esque" article out on CEU...don't have a link
took a look at RedChip's compensation deal w/ DHRM, and fortunately DHRM is paying mostly cash for RedChip's services, with up to 20k 144 shares, so not too bad. I like DHRM's sector and growth.
DHRM agreed to pay RedChip Companies, Inc., a fee of $8,000 in cash per month and 10,000 shares of common stock under Rule 144 for twelve (12) months of these investor relations services, as well as 5,000 shares of common stock when the stock price reaches $6.00 and an additional 5,000 shares when the stock price reaches $7.50.
lmcat, revenues are a part of the story, and everybody likes increasing revenues, but not if it ends up costing margin. Margin is the key, and KUN is making it work. The real test will be to see if their turnaround is sustained next quarter. If they put up another .04 EPS, even if revenues again decline yoy (hopefully not qoq), they're looking pretty studly.
lmcat, re: KUN
A fair point to show the revenue decrease, but not a fair point to say "no earnings". This past quarter was huge for the company, from the perspective of a turnaround on a yoy comparison.
They pulled-in a NET INCOME of 788k vs. loss of 32k; that's a pretty nice turnaround. EPS of .04 vs. loss .00
Of course one would rather see a company achieve its turnaround due to huge increase in demand for products, but a nice bump in net margins is also good.
They still have challenges ahead, but for these risky plays, getting in on the first signs of turnaround often pays handsomely. My avg is .48ish and I'll be content with a 100% gain.
Net income (loss) attributable to shareholders: Net income increased to $787,657 for the three months ended September 30, 2010 as compared to net loss of $31,924 for the three months ended September 30, 2009. The increase in net income was primarily due to the decrease of selling expenses and increase of subsidy income.
bob, re: KUN - .80 is the next level (looking at a 1yr chart), then it gets really exciting.
KUN - strong move today; good volume and bidders
OT--Missed most of the day today; any good themes emerge?
KUN/DHRM - some nice bids on KUN near the close (35k); added more DHRM 5.21 & 5.26 for a hold. That's in addition to the 5.10 from this morning. Thanks sellers!
YONG - it's trading as if it doesn't have a pain-in-the-ass Big 4 auditor hehe
Nsom, that's why I bought PUDA puts today...just in case we get a short theme on FF. I think the real kiss of death is to have FF as your auditor and then get a Roth upgrade lol
PUDA, yes i'm trying to decide whether to short it or not.
CVVT dropping because of frost frazer imo
tiger, re: SGTLF - was just reading their results...impressive. Share count due to bounce higher though. Must be an uplist in their near future.
CAVO coal - technically not a China Growth stock, but anytime an asian microcap posts meaningful coal news, I pay attention...worth a radar in case it gets picked up as a "coal play":
Cavico Signs Dong Giao Coal Mine Construction Contract
Company Expects to Win Remaining Project Phases Valued at $11 Million
HANOI, Vietnam, Nov. 18, 2010 (GLOBE NEWSWIRE) -- Cavico Corp. (Nasdaq:CAVO - News), a major infrastructure construction, infrastructure investment, and natural resources conglomerate based in Vietnam, today announced that its subsidiary, Cavico Infrastructure, has signed Phase I of a construction contract with Tay Nguyen Mineral Exploitation Company, a subsidiary of East North Company of Vietnam's Ministry of Defense. Under the terms of the agreement, Cavico Infrastructure will excavate and remove dirt and rocks at Dong Giao Coal Mine for the remainder of 2010.
Dong Giao Coal Mine is located at Tam Diep Village in Ninh Binh Province in northern Vietnam. The mine has estimated coal reserves of one million cubic meters. A total of 10 million cubic meters of dirt and rocks must be excavated and removed in multiple stages. Cavico Infrastructure expects to be awarded the remaining project stages at this mine, with a total construction contract value of $11 million.
"We are very pleased to be awarded Phase I of this dirt and rock excavation and removal work at Dong Giao Coal Mine," stated Mr. Hai Thanh Tran, vice president of Cavico Corp. "As soon as the agreement was made, we started the process of transporting equipment and personnel to this site to begin the construction work. We believe that with our skilled labor force and modern equipment, we will successfully complete this first phase quickly and efficiently and possibly gain larger additional contracts at this mine as a result."
ballsy, re: YONG - quite a selloff from nice gap-up. Been watching the level2, and looks like just about every uptick gets sold into. And yes Roth has $17 price target so whoever is selling is gonna regret it!
lmcat, re: DHRM - next time do you think you could try shorting instead? :^D
DHRM - yeah nice spike; wonder what's up. Could it be that folks are actually looking at the earnings? nah.
YONG - probably took out some stops on this dip; picked up a few. I like ROTH's target of $17
DHRM - selling off a bit on light volume.
ONP - nice early posts on ONP guys...plenty of time to get shorts or puts on, but i missed on both
NEWN - good catch rato
NEWN - shorted some just in case. 10Q seems like a joke...what am I missing.
http://sec.gov/Archives/edgar/data/1144320/000121390010004677/0001213900-10-004677-index.htm
KUN +.04 EPS reported on friday after the close. Great turnaround for them based upon massive SG&A reduction due to commission restructuring.
http://biz.yahoo.com/prnews/101112/cl00971.html?.v=1
druc, re: DHRM - I'm happy to establish a position in this one today. Hoping for some more shares later if it dips. Ya gotta love the niche China plays like NOAH and DHRM especially when there's solid fundies to support.
DHRM - nice #'s posted by them today. Run rate of >$1.00 EPS in an industry (respiratory care) that excites me. $1/sh in cash as well.
http://finance.yahoo.com/news/Dehaier-Medical-Announces-prnews-3118494611.html?x=0&.v=1
value, re: DHRM - yeah it's pretty exciting. Reminds me of a Chindex several years back. How can respiratory care in metro China be anything but HUGE in years to come?
DHRM - I'm paying up for some shares. I like the prospects of respiratory care in China; talk about a growth industry for centuries to come! Their air quality is so bad. Looks like they're going to pull in somewhere around $1/sh EPS this year, so still quite cheap in the 6's.
GU - sort of, they adjusted their ADS ratio which is just about the same thing
YHGG - impressive that since 2004 they haven't had to issue 1 share for anything.
Outstanding at December 1, 2004
Common Stock, $1.00 par value
155,097,355 shares
Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. 155,097,355 (12-31-09).
If they ever get around to uplisting, this stock will go nuts. Seems like they should be ready...any time now...let's not wait until yet another China stock bull cycle is gone...cmon YHGG mgmt.
KEYP - 16x volume on a rough china microcap day; should portend good things yet to come. New 52wk High today.
I'm not in love with this one, but am in it for a trade.
First glance at earnings look pretty good.
WUHAN CITY, CHINA--(Marketwire - 11/11/10) - Tianli Agritech, Inc. (NASDAQ:OINK - News), a leading producer of breeder and meat hogs headquartered in Wuhan City, China, today announced its financial results for the three and nine month periods ended September 30, 2010. The Company anticipates filing its Form 10-Q for the period ended September 30, 2010 before 7:00 am ET on Friday, November 12, in advance of its conference call with investors which will occur at 10:00 am ET the same day.
Third Quarter 2010 Financial Highlights
-- Revenue was $5.5 million, representing an increase of 76% as compared
to the third quarter of 2009
-- Breeder hog revenue increased 83% and meat hog revenues increased 70%
over the comparable 2009 period. The higher margin breeder revenue
comprised 46% of the Company's revenue in the third quarter
-- Gross profit more than doubled to $2.4 million with a gross margin of
44.2%, up more than six percentage points from last year's level
-- Net income was $2.2 million, up 106% from 2009's third quarter,
resulting in earnings per share of $0.23
Summarized Third Quarter 2010 Results
(Dollar Figures Rounded - Percentages based on Actual Results)
3rd Q 2010 3rd Q 2009 Increase
--------------- --------------- --------------
Sales $5.5 million $3.2 million 76%
--------------- --------------- --------------
Gross Profit $2.4 million $1.2 million 104%
--------------- --------------- --------------
Net Income $2.2 million $1.1 million 106%
--------------- --------------- --------------
EPS* $0.23 $0.13 77%
--------------- --------------- --------------
* EPS calculations are based on the weighted average 9.7 million shares outstanding during the 3rd Quarter of 2010 and 8.1 million shares outstanding during the 3rd Quarter of 2009, reflecting the effect of the Company's July 2010 IPO.
Operating expenses in the quarter ended September 30, 2010 were approximately $352,000 as compared to approximately $107,000 in 2009. This increase is largely attributed to the growth of the capacity of the Company's farms and the additional costs pertaining to the Company's now being a public company. Separately, the Company also benefited from a provincial subsidy of $132,000 received in the third quarter.
As an agricultural company, Tianli is exempt from corporate income taxes (EIT) and valued added tax (VAT). Net income for the period ended September 30, 2010 was $2.2 million and diluted earnings per share was $0.23.
Tianli's Chairwoman and CEO, Ms. Hanying Li, stated, "We continue to witness the strong performance of our business as evidenced by the third quarter results. This strengthens our belief that focusing on the genetic quality of our stock has enabled us to become a preferred source of breeder hogs, resulting in higher margins while reinforcing the quality positioning of the Tianli brand. With the capital provided by our IPO proceeds, we are now preparing to significantly expand the Company's capacity while further enhancing the quality of our products. Tianli is currently in active discussions regarding the potential acquisition of various hog farms, and this expansion would better position the Company to benefit from China's continued growth in its demand for pork."
Operational Overview
Tianli sells breeder hogs, which are purchased by other hog farms to increase their production, and meat hogs, which are sent to pork processing facilities for packaging of fresh, refrigerated or frozen pork products for sale to consumers. Tianli has concentrated on the breeder hog market and continually improving the genetics, nutrition and raising of healthy hogs. The gross margin for breeder hogs is higher than that of meat hogs due to the higher price that quality breeder hogs can generate, as well as the lower feed and other costs as breeder hogs are generally sold at a younger age than meat hogs. One of the methods that Tianli utilizes to improve the health of its hogs is its proprietary probiotic enhanced premix feed. The Company believes that this has enabled it to decrease mortality, incur less veterinary care and medicine costs, and thus increase operating profits.
Sales by Products
(Dollar Figures Rounded - Percentages based on Actual Results)
Quarter Ended 9/30/2010 Quarter Ended 9/30/2009
-------------------------- --------------------------
No. of Hogs Sales No. of Hogs Sales
Products Sold Revenues Sold Revenues
-------- ----------- ------------- ----------- -------------
Breeder Hogs 9,977 $ 2.6 million 5,859 $ 1.4 million
Meat Hogs 15,443 $ 3.0 million 9,806 $ 1.8 million
----------- ------------- ----------- -------------
Total 25,420 $ 5.5 million 15,665 $ 3.2 million
Breeder hog revenues in the third quarter of 2010 increased by 83% over the comparable 2009 period, and comprised 46% of revenues in the quarter. The Company's sales of 9,977 breeder hogs in the quarter represented a 70% increase year-over-year, while the unit sales of meat hogs increased by approximately 57%, and the increased volume of hogs sold was the major factor in the revenue increase. The gross margin on the sales of breeders increased to 56% from the prior year level of 50% while the meat hog margin increased to 34% from 29%, reflecting the benefit of 7% higher prices.
Nine Month 2010 Financial Highlights
-- Revenue was $15.5 million, an increase of 69% as compared to the first
nine months of 2009
-- Breeder hog revenue increased over 150% while meat hog revenue
increased 38% over the comparable 2009 period. As a result, breeder
revenue comprised 40% of the Company's total revenue during the first
nine months
-- Gross profit more than doubled to $6.7 million with a gross margin of
43.3%, up more than seven percentage points from last year's level
-- Net income was $6.0 million, up 91% from 2009's first nine months
Summarized Nine Months 2010 Results
(Dollar Figures Rounded - Percentages based on Actual Results)
Nine Months Nine Months
2010 2009 Increase
--------------- --------------- --------------
Sales $15.5 million $9.2 million 69%
--------------- --------------- --------------
Gross Profit $6.7 million $3.3 million 103%
--------------- --------------- --------------
Net Income $6.0 million $3.1 million 91%
--------------- --------------- --------------
EPS* $0.69 $0.39 77%
--------------- --------------- --------------
* EPS calculations are based on the weighted average 8.7 million shares outstanding during the first nine months of 2010 and 8.1 million outstanding during the first nine months of 2009.
Revenues from breeder hogs for the nine months ended September 30, 2010 increased by approximately 153% while the revenues for the sale of meat hogs increased by 38%. The revenue increase was largely the result of the hogs sold increasing from 47,202 in the 2009 period to 72,536 in 2010, a 54% gain. The higher proportion of the more profitable breeder hog sales significantly benefited the Company's gross profit margins for the nine month period, which increased by over seven percentage points to 43.3%.
2010 Guidance
The Company expects to report full year 2010 revenues of approximately $21 million, net income of $8.1 million to $8.3 million, and EPS of $0.90 to $0.92.
Financial Position
As of September 30, 2010, the Company had $10.9 million in cash, which included net proceeds from its IPO financing secured in July 2010, compared to $2.0 million as of December 31, 2009. Working capital was $13.7 million, up from $2.1 million as of December 31, 2009. The Company conducts its sales on cash on delivery basis and thus has no accounts receivable. Inventories were $3.7 million, compared to $3.3 million as of December 31, 2009, and the Company had a $400,000 refundable deposit for a potential acquisition being held in escrow. Stockholders' equity increased 125% to $28.5 million during the nine month period ended September 30, 2010. Cash flow from operations during the first nine months of 2010 was $6.4 million. Stockholders' equity increased 125% to $28.5 million during the nine month period ended September 30.
CXDC - anybody tracking this one? Large EPS and raised current and forward guidance. It's struggling to hold its gains...wonder if it's another CVVT situation. In any case, in some 5.70's
KEYP - they seem to be finding her today; hasn't had its run in the China sun yet
NOAH JRJC - NOAH IPO doing great today; wonder if folks migrate to JRJC as a sympathy play. Some similarities though JRJC seems a little broader-scoped
NOAH focuses on services offered to high net worth clients.
JRJC: Further, the company offers various brokerage services and online advertisement services. It serves individual investors managing their own money; professional investors, such as institutional investors managing money on behalf of their clients and high net worth individuals; and other financial professionals, including investment bankers, stock analysts, financial reporters, and middle class individuals.
JRJC nice warchest of cash as well, to the tune of $4/share