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I hold CHGY but will not buy more here.
Management did a great disservice to shareholders in not advising them of the materially significant event that their coal mine was STILL not up and running in Q1 (and is STILL not operational today!) , even though they had put out more than one pr in December that would lead any reasonable investor to believe otherwise.
CHGY also has a terrible balance sheet, negative cash flow, and a mountain of debt.
Added shares to core position today.
When their IR firm starts with the prs on CKGT later this month, and they announce they recent aquisition of land (using cash/no debt)to increase production, and (hopefully) give eps forecast for 2009, I think CKGT will be a leading China micro performer by eoy.
Hell, can anyone show me a China micro with 100% eps growth yoy still trading at a ttm PE of 2 right now? Not many out there.
Buying more CKGT here also today. ttm eps .30 for a ttm PE of 2.5 with near 100% eps growth yoy and the director of China's ministry of Feed agriculture on their advisory bod.
Picked up 5k at .76 and will try for more before the close.
Thinly traded/unknown, but a real grower that should do well going forward.
Honestly (and lets make this the last post about PUDC here, since this is the MYST board), I wouldn't even try to choose which I think is the better buy at the moment. I like them both equally for different reasons and both are very undervalued here. Agree PUDC may be less risky based on their cash position.
My post on that stock was in reply to a direct question: "Can you give the tickers of small Chinese companies that represent better investment opportunities the way you see it than this company?"
And I don't see PUDC as "better".... only very attractive here- as I see MYST.
Not trying to "spam"- just responding to a direct question.
GL
You're welcome Snow.
I think PUDC is favored based on their fundamentals/balance sheet, and the macroeconomic factors at play in their sector right now.
CHCG has been trying to uplist since 2007.
"Can you give the tickers of small Chinese companies that represent better investment opportunities the way you see it than this company?"
There are few that I can find that are more attractive right now.
That said, I believe PUDC (Puda Coal) represents a tremendous opportunity here for 5 reasons:
1. They maintained profitability last year and into Q1 this year while other China coal cokers and the steel companies were bleeding money.
2. Very strong balance sheet/no long term debt/lots of cash on hand.
3. Entering the upstream coal mining market by consolidating 6 coal mines, and looking at uplisting this year according to CFO on Bloomberg:
http://www.bloomberg.com/apps/news?pid=20601089&sid=aRaxkApkin6w&refer=china
4. The Shanxi province (where Puda operates) has gutted their taxes on coking enterprises retroactive to Feb. 1st.
http://en.sxcoal.com/NewsDetail.aspx?cateID=178&id=22546
5. While the tax rates are going to be dramatically lower for PUDC, they'll be getting more for their product- prices have been steadily increasing over the last 3-4 weeks as demand has picked up:
http://en.sxcoal.com/DataDetail.aspx?cateID=170&id=22551
and just today:
http://en.sxcoal.com/DataDetail.aspx?cateID=170&id=22802
Getting BGZ here.
I think the "V" recovery in the market will look like a "W" a year from now.
Buying BGZ in premarket now.
Should be good for 5% today.
market will correct- they're talking it down big-time. Holidng my long China positions, might add to PUDC, but for the next few weeks I think BGZ will be up strong.
Domestic coke price to rise on tight supply (June 22)
China’s domestic coke price is expected to rise on increased demand and tight supply.
The mainstream ex-works price for coke produced in Shandong was 1600-1750 yuan/t last week, increasing 200 yuan/t compared to last month; in Shanxi, around 1500-1600 yuan/t against 1450-1600 a month ago.
The coke price has been on the upside recently, thanks to the rise in steel prices, tightening supply of coking coal, among others.
In contrast to steel mills’ increasing coke demand, the production of coke has been constrained by the tightness in coking coal supply. As coking coal supply is expected to remain tight in the future, coke producers would have to control output, which would support the coke price to some extent.
http://en.sxcoal.com/NewsDetail.aspx?cateID=180&id=22802
Domestic coke price to rise on tight supply (good for PUDC.OB)
China’s domestic coke price is expected to rise on increased demand and tight supply.
The mainstream ex-works price for coke produced in Shandong was 1600-1750 yuan/t last week, increasing 200 yuan/t compared to last month; in Shanxi, around 1500-1600 yuan/t against 1450-1600 a month ago.
The coke price has been on the upside recently, thanks to the rise in steel prices, tightening supply of coking coal, among others.
In contrast to steel mills’ increasing coke demand, the production of coke has been constrained by the tightness in coking coal supply. As coking coal supply is expected to remain tight in the future, coke producers would have to control output, which would support the coke price to some extent.
http://en.sxcoal.com/NewsDetail.aspx?cateID=180&id=22802
They're uplisting also.
I have cash that I'll be using to buy more MYST shares so won't be selling any others.
Not sure why the price is low- but it's not as low as it was 3 weks ago, despite most China micros being on a pullback the last week. They do have a history of dilution, and their story isn't as clear or straight-forward as others are. It takes some time to research this one and understand everything that they are doing...time most are too busy or too lazy to commit to. This is why I believe MYST in particular would benefit from a good IR firm to help them with their prs (which have been confusing/poorly worded IMO), and to help them put the pices of the company together for the lazy investors out there.
Very happy with Fidelity's active trader pro software and with their order execution. It's not the cheapest borker, but you get what you pay for.
I'm in at .07 from two weeks ago and was trying to get filled Friday at .10.
I wasn't alone- a whole lotta bids at .10 popped up near the close and I didn't get any.
Will try again next week.
Not a first time for me. I left IB because I couldn't trade CFSG when it was OTC stock. Scottrade can also be a problem I hear.
If I've done the research on a stock and I've decided to buy, (not matter how hight the risk), then my broker better place the order or they will lose my business.
AMTD reportedly won't let you trade JADA online due to the formerly low liquidity and wide spreads. That might have changed in the last week or two- not sure....but they will take the order on the phone.
Personally, I like Fidelity for these China micros- never had a problem with them refusing to place my order for any of them.
Interactive borkers thinks JADA won't be around a year from now, so they won't let you trade it when every other broker will. Is that what you believe?
seems odd given JADA's q1 filing.
They have almost no debt and low operating costs.
But your guess is as good as mine. I bought it under .14 and have only freebies left.
And the worst part is we had to PAY for the call.
They're too damn cheap to provide a toll free number.
Business must be bad, lol.
Anyway..I don't understand why they had a conf. call to announce they won't provide any guidance, orher than SG&A will remain higher, in the area of 5.5M/quarter.
I really really believed they were going to come out swinging and knock it outta the park when I bought yesterday.
Man they're clueless.
I couldn't hit the SELL BUTTON fast enough.
Dumped 20k shares in the first few minutes.
Took a 3% hit- not bad at all. Couldn't believe somebody was willing to pay 1.04 for them.
NO GUIDANCE at all? There was basically nothing new...except the admission that they're leaving a profitable business model for an unproven one and refusing to give any guidance.
Too many really solid China micros out there to be in.
This is the FIRST trade this year I've lost money in, lol...so can't be too upset I guess!
I'm out. Was expecting GOOD news.
Sold for small loss. The first China microcap I've lost money on this year.
That conf. call was basically NO news and there is still a lot of uncertainty.
They're moving from a PROVEN, PROFITABLE business model to an unproven one. The market does not like uncretainty.
I believed they would give some positive forward guidance but they didn't.
GHII?
I have GHII from .07-.09 and I might add more after the q2 is reported and their cash flow improves. If they somehow got financing for the wind turbine project they would like to enter, I'd probably buy more also.
I would buy CHCG before I'd buy more GHII here...but that's JMHO....tainted by the fact that I'm buying it today, lol.
I'm long the others you mention also. Looking for more PUDC still as well.
China's retail sales up 15.2% in May
Growth in China's retail sales, a key gauge of consumer spending, picked up speed in May as the country kept boosting domestic spending to stimulate economic growth, the government said in Beijing Friday.
Retail sales grew 15.2 percent in May year on year to 1.003 trillion yuan (about US$146.8 billion), according to the National Bureau of Statistics (NBS).
The growth rate was 0.4 percentage points higher than the April level.
From January to May, retail sales stood at 4.88 trillion yuan, up 15 percent from a year earlier, according to the NBS.
Domestic consumption had become a powerful engine of China's growth as exports continued to weaken, said Zhuang Jian, a senior economist with the Asian Development Bank.
Exports slid in May, dropping 26.4 percent from the same period a year ago to US$88.758 billion, customs officials announced Thursday.
In real terms, consumption grew faster than 15.2 percent in May, since consumer prices fell 1.4 percent last month, he said.
He attributed the steady growth in consumption to government efforts to boost domestic spending, including cars and home appliances.
Rural consumption had grown at a faster pace than that of the cities, he said, noting that rural sales rose 15.6 percent to 318.8 billion yuan, which was 0.6 percentage points higher than the urban consumption growth rate, according to the NBS.
Zhang Liqun, a researcher with the Development Research Center of the State Council, a government think-tank, pointed out that the rapidly developing rural sales network had strongly supported rural spending.
China has sought to provide more local supermarkets and shops for the rural population, a vast but under-served market. There would be 510,000 rural shops by the end of 2010, the Ministry of Commerce said in April.
Urban consumption, even though it grew a little slower, has also been flourishing. As it accounted for a larger proportion of total consumption,its growth would ensure a sustainable uptrend in domestic spending, Zhang said.
The surge in consumption would play an important role in the country's battle against the economic slowdown and its effort to achieve 8-percent growth this year, said Zhuang Jian.
(Xinhua News Agency June 12, 2009)
http://www.china.org.cn/business/news/2009-06/12/content_17936589.htm
Opened position in CHCG today.
For those new to the company, CHCG is a kind of Best Buy electronics retail store chain in China that is also expanding into franchise stores.
There is a Conf. call tomorrow morning with an operational update. I expect positive forward guidance, possible details on uplisting, and more on their logistics company acquisition currently underway.
CHCG has a strong balance sheet, zero long term debt, around .54 cash/share, is paying cash for an aquisition that will be immediately accretive to margins and eps, and managed growth in sales even during the recession.
Overall China retail sales looking good for last few weeks and going forward.
I'm buying CHCG here.
Conf. call tomorrow will be positive IMO. I expect they'll give positive forward guidance also. Economic trends in China are pointing up, and everything I've read on retail sales in China over the last few weeks is very positive.
I also think that there is support just above $1 here, so this looks like an excellent point to enter a position or average down.
Agree 100%. I missed the drop today- might add some PUDC tomorrow though. Also think CHCG looks like a nice buy down here.
Those positive statements on retail make me think to buy CHCG
They've also got a conf. call lined up Friday to discuss business outlook.
I'm not seeing many China stocks that look very ripe for good entry right now- most have to digest recent gains before starting next leg....but CHCG might be worth a few bucks here with the conf. call Friday.
Yes- two months ago you could buy just about anything China (or most US stocks for that matter) and it would have gone up.
Now it's going to be a much more selective market going forward IMO.
I like your list of long holds.
CHCG.OB might be worth a short term buy- I'm looking to get some today if goes down much more.
They've got a conf. call lined up for Friday to discuss their business plans for the rest of the year. I can't imagine why they would do that if they had bad news to report. Retail looking better in China also.
I also really like PUDC.OB here on any pullback.
All very good points.
out of FEED at even
Looks like a weak close coming
Got some FEED on sale today
MYST.OB = Subaye.com subsidiary IPO
Profitable China Internet Services company, Subaye.com = Alibaba with video.
http://www.Subaye.com
Next 10 bagger with IPO.
S-1 doe Subaye.com filed Friday.
MYST.OB = Subaye.com subsidiary IPO
Updated S-1 filed Friday.
MYST.OB and Subaye.com = profitable Chinese Internet services.
Subaye.com = Alibaba.com with video! How much will that sell for in IPO- and MYST owns 69% of Subaye.com.
http://www.subaye.com
The BV of Subaye.com (which is where most of the value in MYST is presently) is exactly what I posted.
You say there is "too much hype" here??? Most of the posts are in the last few days are based on facts from MYST or Subaye.com filings.
I think you're mistaking some very positive and exciting dd findings as hype/pumping.
If you can find another stock under .20/share that has the kind of potential MYST has based on FACTS FROM THEIR FILINGS, please share it.
They really need a good IR firm to help them get the story out.
correct- Subaye.com had 258% growth in net income yoy, not 158%.
Thanks for catching the typo.
I think I'll be doing that this week.
This should be over $1 soon based on eps growth from MYST alone. Any pr on the Subaye.com subsidiary listing, and MYST will break $1/share in a matter of minutes IMO.
With a book value of $2/share, 158% growth in net income, and unique video service for SMEs that you don't find on other B2B or B2C portals in China, Subaye.com has the potential to be Alibaba on steroids.
MYST.OB = Subaye.com IPO per updated S-1 registration filed Friday.
Subaye.com S-1 filing for listing shows Book Value of $2.10/share, 135% increase in revenues and 258% increase in net income yoy.
MYST owns 69% of Subaye.com, and will continue to after the Subaye.com listing, and it's under .20/share???
MYST should be over $1/share soon IMO.
Here's Friday's Subaye.com S-1 filing:
http://www.sec.gov/Archives/edgar/data/1431848/000114420409032343/v152136_s1a.htm
Subaye.com S-1 has BV = $2.10/share, based on 10.3M shares as of March 31, 2009 and shareholders equity of $21M
Subaye.com S-1 also shows 135% increase in revenues and 258% increase in net income yoy.
MYST owns 69% of Subaye.com, and will continue to after the Subaye.com listing, and it's under .20/share???
That valuation won't last.