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ALN . . this from Redchip. "American Lorain (ALN) is the largest producer and distributor of chestnuts in China. The process food industry in China is growing at 8% annually and China is the largest consumer of chestnuts. The company is expected to report a strong 3rd and 4th quarter. Currently the stock trades at a 5x P/E in a peer group that trades at a 10-12x P/E multiple. The current value of the stock is approximately $7-$8, representing a current upside of 150%"
Trades on the ASE at $2.95
Up 120 on the Dow and my china port is getting killed! Has the world gone mad?
RDBO.OB a Chinese manufacturer of powdered milk, baby formula etc is trading at $3.90 and likely to have per share earnings of $1.50 for last 12 months. Not followed on any stock board. Business is booming. See latest 10Q.
You are certainly correct as to the sloppy "history" that can accompany a shell company. Usually a lock-up agreement takes care of most of this fallout. An even bigger issue is liquidity which is often non-existent in a newly completed R/M. I can't speak to relative costs but I do know that not having to raise capital is a major advantage of a R/M as is being able to complete the merger in weeks instead of the 8+months that a typical IPO takes. In addition, market conditions are not near as important as they are in an IPO. There are plenty of pros and cons for both paths. Anyway, your thoughts are most appreciated.
GPKR.OB is a new company now. After the reverse merger they are officially Shenzhen Skyrise Digital Service Inc.. Very recent transaction and no PR of any consequence yet released. Ticker symbol to change soon.
Transaction details are at: http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001204459-09-001807 see Exhibits
Company website: http://www.szskyrise.com/EN/Index.asp
Business Overview
We are primarily engaged, through our indirect Chinese subsidiaries, in the development, sale, installation and maintenance of digital residential safety and video surveillance products, and in the development and integration of related software in China. Our customers are primarily urban and suburban residential communities and real estate development companies in China, but we plan to expand our customer base to the commercial sector to include commercial entities, such as airports, hotels, banks, supermarkets and entertainment venues.
A majority of our revenues are derived from the provision of digital residential safety and video surveillance packaged solutions, including the development, installation and after-sale service maintenance of safety and surveillance systems. Because the majority of our revenues are derived from installations, they are generally non-recurring. Our revenues are not concentrated within any one customer or group of related customers. Maintenance services in our packaged solutions are included for the first year following installation. Our customers may separately purchase maintenance services after the first year.
Our sales network is focused in the populated areas of Guangdong Province, in southern China, but we plan to expand our sales network to other populated areas. Our company headquarters is located in southern China, in the Shenzhen Special Economic Zone and we have more than 10 branch offices and distribution points. Our customers are spread across China, but are primarily located in the coastal metropolitan regions including Beijing, Shanghai, and Guangzhou/Shenzhen.
We have grown both organically and through acquisitions over the past year through the acquisition of our operating subsidiaries, Skyrise Technology and Skyrise Digital. Our revenues increased from nil in fiscal year 2007 to $4.1 million in fiscal year 2008, representing a compounded growth rate of approximately 250%. We strive to provide customer-driven, one-stop services to our clients and actively pursue acquisition prospects and other strategic opportunities.
SINO exploding upwards on huge volume. We've been discovered!
SIHI up .60 on ten times normal volume!
EDS up 20% today. EDSWW (warrants) also having great day.
SIHI (Sinohub) having a good day and good week. Volume moving up nicely.
CJJD.OB at $2.50 is interesting China pharmacy play.
They operate 22 retail pharmacies and increased net revenues from $3.4M in 2008 to $6.8M in 2009. 20 million shares out. EPS of .34/share and PE of about 6.9.
See presentation at:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6846228-7239-10310&type=sect&dcn=0001144204-09-053764
EDS Another new China stock "blank check" acquisition. Trades as EDS, EDSWW and EDSUU. This one in the sports apparel field. Just happened so totally under the radar.
The shareholders of 2020 ChinaCap Acquirco (stock symbol: EDS) have approved the company's proposed acquisition of Windrace International Company Limited.
2020 ChinaCap Acquirco, Inc. Stockholders Approve Acquisition of Windrace International Company Limited
Press Release
Source: 2020 ChinaCap Aquirco
On 11:25 am EDT, Monday October 19, 2009
MARLBOROUGH, MA--(Marketwire - 10/19/09) - 2020 ChinaCap Acquirco, Inc. ("2020") or (the "Company") (NASDAQ:EDS - News), (NASDAQ:EDSWW - News) and (NASDAQ:EDSUU - News) announced that its stockholders have approved all proposals related to the acquisition by 2020 of Windrace International Company Limited ("WHL"). WHL is one of the largest branded sportswear companies in China that is engaged in the design, manufacturing, trading and distribution of sporting goods, including footwear, apparel and accessories, in the People's Republic of China ("PRC"). The vote to approve the acquisition took place today at the Company's special meeting of stockholders. The transaction is expected to close on October 21, 2009. Prior to the completion of the transaction, the Company will be merged into its wholly-owned subsidiary incorporated in the British Virgin Islands, Exceed Company Limited ("Exceed"), with Exceed as the surviving entity. This will result in the redomestication of the Company to the British Virgin Islands. 2020 changed its ticker symbols from TTY, TTYWW and TTYUU for its common stock, warrants and units respectively to EDS, EDSWW and EDSUU, respectively on October 19, 2009. Upon completion of the transaction, the common stock, warrants and units of Exceed will continue to trade on the NASDAQ Stock Market under the new ticker symbols.
"We are very pleased that our stockholders approved the acquisition of WHL," stated George Lu, Chairman and Chief Executive Officer of 2020. "This transaction provides the business of WHL with a public listing on NASDAQ and the capital to execute its growth strategy of scaling up its distribution network through continued supply chain management enhancements and expansion as well as continued product innovation. WHL has a strong track record of growth, having emerged as one of the leading sporting goods companies in China over the last six years, and we look forward to working with the WHL management team to take the business to the next level and build shareholder value over the long-term."
<snip>
http://finance.yahoo.com/news/2020-ChinaCap-Acquirco-Inc-iw-477684903.html?x=0&.v=1
RBDO is not dead yet! At $3.32 I don't think it is overpriced. From their latest 10K:
We are one of the largest non-state-owned dairy companies in China, ranking in the top 10% of the industry. Our industry niche is the dairy-based nutritional products market. Our operations include production, marketing, research and development, packaging and the management of raw milk resources. Our target market is comprised of infants, children, pregnant women, nursing mothers and other adults. Our revenues are derived solely from sales of our products.
On September 30, 2008, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") among its wholly owned acquisition subsidiary, Rodobo International, Inc., a Nevada corporation, Mega Profit Limited ("Mega") and shareholders of Mega. Pursuant to the Merger Agreement, Navstar Media Holdings, Inc. acquired 100% ownership interest in Mega, which owned 100% of Harbin Rodobo Dairy Co., Ltd. ("Harbin Rodobo"). At the closing, the Company acquired all of the issued and outstanding capital stock of Mega from Mega's shareholders in exchange for shares of common stock and shares of convertible preferred stock, which upon conversion of the preferred stock into common stock equal approximately 93% of the issued and outstanding shares of common stock of the Company (the "Merger"). Concurrently with the Merger, the Company changed its name to "Rodobo International, Inc.".
In connection with the Merger, 10,293,359 shares of common stock issued to former employees of Rodobo and shareholders of prior subsidiaries were cancelled. Per agreements with certain convertible note holders holding collectively $1,000,000 original face value of the convertible notes ("Notes"), all Notes were suspended and on May 12, 2009 have been converted into 452,830 shares of our common stock along with a conversion of an additional pre-Merger bridge loan note into 152,003 shares of our common stock and the conversion of our shares of convertible preferred stock into 12,976,316 of our common stock.
Effective on November 12, 2008, we effected a reverse stock split of 37.4 to 1 and effective on April 2, 2009 we increased our authorized share capital from 16,604,278 shares, consisting of 1,604,278 shares of common stock, par value $0.001 and 15,000,000 shares of preferred stock, par value $0.001, to 230,000,000 authorized shares, consisting of 200,000,000 shares of common stock par value $0.0001, and 30,000,000 shares of preferred stock, par value $0.0001.
Well, It's no longer Rub A Dub Soap!! Sentaida Tire Co LTD. This "may" be an excellent play on the incredibly fast growing Chinese auto market. If they survive, could be quite a bargain at these levels. At $.10/share, it's worth a bit of a gamble. From their last 10K.
"We primarily engage in the global marketing and distribution of tires and rubber without any tire manufacturing operations. Our business scope can be generally divided into three main business divisions: rubber import and distribution, tire export, and tire domestic wholesale and retail, which generated approximately 38%, 24% and 38% of our consolidated net sales respectively during the first quarter ended March 31, 2009. We position ourselves as an intermediary between international rubber producers and Chinese tire manufacturers and as an active marketer of tires for the tire manufacturers in the very fragmented replacement tire market. We aim to become a major player in the world tire and rubber market through steady organic growth, expansion into new markets, entry into the retail service market.
Affected by the global economic crisis, we have experienced weak demand both in tire and rubber markets. Revenues from three divisions all reduced dramatically: rubber revenue down 74%, tire export down 48% and domestic tire sales down 20%, respectively during the first quarter ended March 31, 2009 compared with the same period in 2008. We believe the soften industry demand and our weaken sales were due primarily to economic uncertainty, such as fluctuation in raw material prices, inflationary pressure on consumer behavior, lower auto sales and tire demand in overseas markets. We expect these conditions to continue to impact us during the following quarters of 2009.
Provision for Income Taxes
United States : We are subject to United States, or US, federal income tax at a tax rate of 34%. No provision for income taxes in the US has been made, as we had no taxable US income during the first quarter 2009.
British Virgin Islands : Our wholly-owned subsidiary Zhongsen Holdings, was incorporated in the BVI, and under the current laws of the BVI, it is not subject to income taxes.
PR C : In China, the Corporate Income Tax Law and Implementing Rules, or the CIT Laws, impose a unified CIT of 25% on all domestic-invested enterprises and foreign invested entities, unless they qualify under certain limited exceptions. F.T.Z. Sentaida and Qingdao Sentaida are subject income tax at a tax rate of 25%.
Under the CIT Law, an enterprise established outside of China with “de facto management bodies” within China is considered a resident enterprise and will normally be subject to CIT of 25% on its global income. The Implementing Rules define the term “de facto management bodies” as “an establishment that exercises, in substance, overall management and control over the production, business, personnel, accounting, etc., of a Chinese enterprise.” If the PRC tax authorities subsequently determine that the Company should be classified as a resident enterprise, then the organization’s global income will be subject to PRC income tax of 25%. "
CHHE could be a true "sleeper" China play. Buy when nobody else wants it or, as in this case, is unaware of its existence!
TSTC - a very solid bet here. See following post from TheStreet.com dated 10/7/09
Telestone Technologies(TSTC Quote) provides 2G and 3G wireless communication access coverage solutions to telecom companies such as China Mobile(CHL Quote), China Telecom(CHA Quote) and China Unicom(CHU Quote) through its branch offices in China across 26 provinces.
A number of factors should support this company's growth. Before we discuss them, however, let's look at what Telestone does. The company:
Develops wireless, IP, CATV access network unification solutions technologies (WFDSTM) that are proprietary for carriers or building owners for their local information access network.
Designs and manufactures telecommunication equipment used in its access network systems or sold directly to other telecom vendors.
Implements its access solutions by installing the network systems at client sites through its nationwide branch offices.
Following are important bullish factors for the company and its stock:
The Chinese government will spend $70 billion over the next three years on 3G initiatives. This creates both visibility and acceleration in TSTC's business.
TSTC has aggressive goals over the next two and a half years to increase its domestic market share from 5% to 33%, indicating that it intends to capture a good deal of government-allotted spending with its new WFDSTM technology.
International business accounts for less than 5% of TSTC revenue. TSTC plans to expand its operations in the U.S. and other developed markets with its WFDSTM technologies, while serving those that are underdeveloped and behind the technology curve with its mature 2G technology to extend the life cycle of its 2G products.
TSTC has issued 2009 guidance of $70 million in revenue, up 100% year over year. Based on its 2009 first-half performance, we assume TSTC can minimally maintain 17% net margins, implying an EPS figure of $1.14. (15% tax-rate assumption). Our EPS assumption is likely conservative, as Telestone's annual after tax margins are typically around 20%.
Telestone can address a multitude of wireless and all types of fixed cable lines needs, including those associated with security, phone, TV and computer applications with this new technology. Before 2009, these needs were addressed with separate solutions resulting in higher costs and less efficiency, exacerbated by architectural constraints.
The company tackled this dilemma in 2008 and 2009 when it launched its WFDSTM technology.
"As an all-optic network, WFDSTM combines the technologies of ROF (radio over fiber) and its proprietary system components to transmit all kinds of information feeds into a building. This system supports all mobile telecom networks and a variety of other networks including WLAN, FTTH, telephone networks, and video surveillance systems. The benefits of the technology are substantial cost savings over old technologies, low loss in information transmission, easy and quick installation, low intrusion to the construction and minimal maintenance."
In simple terms, the WFDSTM platform allows all aspects of a client's wireless and wired needs to be addressed as one comprehensive solution. WFDSTM has become more significant since China began granting third generation (3G) licenses during the first half of 2009. 3G systems put greater technical demands on the communication networks in buildings due to signal strength and frequency -- demands that WFDSTM can handle much more effectively than traditional wired and wireless methods.
Wow, is this board ever dead. Shouldn't be as SIHI is going to rock soon enough. Today's sp of $4.43 is going to seem like chump change soon.
Great future for this undiscovered gem. Very little downside risk at this level.
EQPI is yet another unknown China micro that is going to explode upwards this year. Totally unknown right now but just watch. Share price is so low that your chances for a ten bagger are much higher here than in most China stocks. They recently settled a major lawsuit and are now hitting on all 4 cylinders.
This post from Crossy at Silicon Investor is full of good info about the prospects of CTEL:
re: City Telecom H.K. (Nasdaq ADR): CTEL $6.32
I recently took some time to research "Rule-breaking" (Next-generation) telecom firms. Well ... looks like the more interesting telecom opportunities according to this theme are all located in Asia, the best among them most probably City Telecom ADR in HongKong. Ticker is "CTEL" on the Nasdaq, trading around $6. One US listed ADR (Nasdaq) ist the equivalent of 20 odinary shares (1137.HK)
http://finance.yahoo.com/q/cq?d=v1&s=ctel%201137.hk
They are the top challenger to the incumbent PCCW. And unlike the debt-ridden, hyperthrophic incumbent firm, CTEL has a lit (!) FTTH network, captive fiber assets already spanning more than 1.5 Million homes (passed) and connecting 1500 businesses. The network is already built out 70%.
http://finance.yahoo.com/q/pr?s=CTEL
They are profitable, FREE (!) cashflow positive, pay a small dividend and are the fastest growing Internet/Telecom firm in HongKong. Last year, they outflanked the legacy cable operator called "i-Cable" and now hold the #2 spot among HK broadband firms.
http://finance.yahoo.com/q/ks?s=CTEL
The metrics are nothing but astounding IMHO. Marketcap around $200m. They bought back most of their debt (8.75% senior notes) for a discount during the financial crisis to the point that they are now net-debt free.
Right now their PSR around 1, PE of 9, EBITDA Margin around 30% (and growing) EV/EBITDA below 4 They are fiber-only and their HK network is called "HKBN" (HongKong Broadband NEtwork). A repicable business model for sure that might apply to many densely populated areas.(They might branch out into partnerships to develop similar FTTH networks in different cities, especially in Asia)
http://www.ctihk.com/index_e.html
http://www.ctigroup.com.hk/en/about.html
http://www.ctigroup.com.hk/en/investors/2009/090525%20Presentation.pdf
http://reg.hkbn.net/ctigroup_admin/files_upload/9-1-09%20CTEL%20Rodman%20Confe.pdf
http://reg.hkbn.net/ctigroup_admin/files_upload/090831%20CTEL%20Rodman%20Renshaw.pdf
Their pricing of service just makes me envious, either.
US $30 .. gets you 25Mbit/symmetric bandwidth + Digital TV (IPTV)
US $ 60 gets you 100Mbit bandwidth
US $380 gets you a a Gigabit of bandwidth .. SYMMETRIC !
They have a FTTH based asset mix, that the incumbent PCCW is unable to match. This means they can offer better and more comprehensive service than the incumbent with its legacy copper assets is able to. Plus they are not burdened with high-opex legacy assets (light local exchanges and copper plant)
If CTEL was valued according to European fiber based ALTNETS, it should be trading at 3 times its current valuation. Due to this, plus the embedded growth from an enlarged footprint and bigger scope, I believe they are in for a 3 to 5 - bagger over the next couple of years.
Right now they have a 5% market share in the HongKong IP service market "cake" If this gets towards their targeted 30% by 2016 (a realistical assumption) then they may be in for even more.
rgrds,
CROSSY
I think this one is going to get caught up in the China micro frenzy soon. Looks like well managed undervalued operation. Interesting quote from CHFR website:
"With support from the international capital markets, the company owns abundant fund for development, aiming for making a huge investment in building fruit brands and focusing on the operation of chain stores in China. The company pioneered in introducing international capital in the development of fruit chain stores in China, was the first company to set up nation-wide fruit chain stores in China and took the lead in applying international operation and management experiences to the fruit enterprises in China."
"when I congratulated the cfo on a great quarter he said "just wait, you ain't seen nothin yet!" "
Hmmm, I already own a few thousand shares but that quote and your great post has me wondering if I should back up the truck. Thanks for sharing.
CHFR - it's early for this one. Things to consider about China Fruit:
Taken from the latest quarterly report. If you are long here, just know that seekers will come soon. This is for them:
• April 1, 2006 – CHFR bought Jiangxi Taina Nanfeng Orange Co., Ltd
• In 2007, they bought their tangerine supplier who had approximately $1.2 million in assets.
• In 2008 – set up franchise retail stores and relocated headquarters to Beijing. The first retail store in Beijing opened in Nov. 2007. As of June 30, 2009 they have 9 retail stores. They had more stores but the economic downturn caused them to close some, leaving 9.
• June 2009 – sold alcoholic beverage component for $450,000 – payment made by August 31, 2009.
• “Tai Na International will be devoted to build up our brand name in China fruit market through setting up a series of franchise retail stores. We believe the franchise retail stores will facilitate the process from our plants to the markets, provide us with the platform to collaborate with other strategic partners and diversify our products. We expect sales to increase during the second half of 2009 as the recovery of current economy, and our moves toward implementing our business plan, including the increase in franchise retail stores, the increase in marketing budgets.”
• “We had cash of $104,418 on hand as of June 30, 2009. Currently, we have enough cash to fund our operations for about six months.” (I guess now since they have collected the $450,000 from sale of alcoholic beverage component, they have over $500,000 in cash.)
So who declared today to be China microcap profit-taking day? I didn't get the memo. I am awash in a sea of red. Used the dip to pick up some more PUDA and CKGT.
SIHI at $3.85 seems overlooked. They have a strong supply chain management product that is selling like gangbusters. Last 10K suggests annual earnings of .42/share on $100 million in sales, double last year. Totally ignored on every stock board. The Rodney Dangerfield of China stocks!
Interesting article at TheStret.com
Ignore Non-U.S. Listed China Stocks
http://www.thestreet.com/_yahoo/story/10593480/1/ignore-non-us-listed-china-stocks.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
I am deep under water with shares bought 2 years ago but been holding on in hopes that they would turn it around. The next quarterly report should tell the tale.
Growing like a weed on steroids and the numbers are charging ahead....expect profitability soon....love the management.
Here's another "secret" stock. CPQQ is a chinese manufacturer of high-efficiency transformers. Check out the record revenues in:
http://finance.yahoo.com/news/China-Power-Equipment-Inc-prnews-2676647187.html?x=0&.v=74
10K annual report just out and shows annual earnings of .53/share compared to .48 last year. Not too bad given the crappy economy.
Thanks for the info. Is it your opinion that only "shady" outfits would use ""promoters"?
I note that the large runup in NFES share price occurred in the 2nd half of May when no "promotions" were happening.
I am unable to tell from the website what the definition of a "promotion" is. Do you know? Thanks for any insight.
Where can I find verification of this claim?
Pretty damn good results considering the global recession!
SHENYANG, China, May 22 /PRNewswire-Asia/ -- NF Energy Saving Corporation of America (OTC Bulletin Board: NFES - News; "NF Energy" or ''The Company''), a Chinese leader in energy efficient flow control systems, today announced the company has signed record backlog orders of RMB146 million (approximately US$21.5 million based on the exchange rate as of the date of this press release) to be completed in 2009. RMB19m (US$2.8m) were completed in Q1, a traditionally slow quarter due to the extended Chinese New Year holiday. The Company expects to complete $2.2 million, $5.6 million and $10.9 million in Q2, Q3 and Q4 of this year respectively.
"We're very pleased with our strong pipeline in such a challenging economy both in China and globally," commented Mr. Gang Li, Chairman and CEO of NF Energy. "Our constantly increasing backlog orders provide us good visibility for our performance in 2009, especially for the second half of that period. Our pipeline has also been expanding which is expected to further enhance our performance for the whole year of 2009 and beyond."
As the numbers presented above represent backlog orders estimated to be completed in the fiscal year 2009 based on contracts signed as of the press release date, the actual revenue realized through that date is subject to the completion of all these orders during this period. The company acknowledges that there may be cases where there would be causes which are out of the company's control, such as those by customers, and would lead to delay in the completion and/or shipments of these orders, thereby affecting the revenue to be recognized for the company in fiscal year 2009. The contract numbers presented above are the total contract values, which include a 17% value added tax ("VAT"), which is excluded for revenue recognition for the current period according to US GAAP. The numbers presented represent values based on current exchange rates. Changes in the currency exchange rates would result in a commensurate change in contract value.
Yeah, still here. See my post from last June. NFES is strong and all signs point to higher SP.
Sorry guys but you are picking a fight for no obvious reason. The story that I related was based on contemporaneous reports from the African newswires. Don't know where to find those stories now and don't care. Regardless of the control room issue, it is abundantly clear that MEND could have inflicted far more damage had they so desired. Anyone with explosives could have shut down Bonga for a good long while. What exactly is your point?
Great quarterly report out today. Not that anyone's watching. Oh yeah, symbol is now AMGY.
News reports indicated that MEND had entered the main control center of the Bonga facility with intentions of detonating a bomb. They claim, as best I recall, that they decided to forego the destruction in order to avoid unnecessary bloodshed. They implied that they would not be so thoughtful in the future. They certainly displayed the ability to mount an effective assault on any platform they might choose.
I think the latest downswing in SP is directly related to the native unrest in the Niger delta. Addax makes a good chunk of their money in that area and just yesterday MEND announced an end to their 2 week cease-fire. A month ago MEND basically took out Shell's Bonga platform which is way the hell offshore. It could have just as well been Addax they targeted. Maybe Addax has the savvy to grease a few wheels in the area and basically buy off the MEND terrorists, but who knows. Some risk here for sure, but over the long haul Addax looks like a winner
What's the better play, SINE or PFGY?
I own both but tend to think PFGY has more potential SP gain in the next few months than SINE.
PFGY.OB...1.95 Extremely undervalued solar play that actually EARNED .17/share in the last quarter. Enormous backlog.
"Net income for the second quarter ended April 30, 2008 was $5.0 million, or $0.17 per share, compared with a net loss of approximately $0.2 million, or $0.01 per share, for the same period in 2007. Net income benefitted from an expanded production facility that allowed for greater economies of scale, and was also attributable to a positive impact from the change in the fair market value of outstanding warrants."
"The Company’s backlog of contracts as of April 30, 2008 totaled 17MW, which equates to approximately $74.8 million in revenues. Contracts that are under development and that the Company expects to complete total 8MW, and such contracts, if completed, would represent more than $30 million in revenues. The 17MW in backlogged orders under contract and 8MW of contracts under development that the Company believes it will complete for PV solar cells, modules and systems would represent approximately 80% of the Company’s PV module capacity and would exceed the Company’s solar cell production capacity, which the Company expects to expand to 45MW by July 2008."
Ticker symbol changed to CSY. Story keeps getting better and better, even as SP continues to drop. This is a true gem and will soar eventually.