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I found this, when I googled China Kangtai Cactus today. I do not know, how much is really new and pertains to CKGT. I did not see any corporate news.
Cigarettes - 2013 Global Strategic Business Report Featuring British American Tobacco, China National Tobacco, Imperial Tobacco, Japan Tobacco, and Philip Morris
DUBLIN, June 24, 2013 /PRNewswire via COMTEX/ -- Research and Markets (http://www.researchandmarkets.com/research/3qgm94/cigarettes) has announced the addition of the "Cigarettes - Global Strategic Business Report" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
This report analyzes the worldwide markets for Cigarettes both by volume (in Billion Sticks) and by value (US$ Billion). The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2018. Also, a six-year historic analysis is provided for these markets.
The report profiles 78 companies including many key and niche players such as British American Tobacco, China National Tobacco Corporation, Imperial Tobacco Group PLC, Japan Tobacco Group, and Philip Morris International.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
II. Executive Summary
1. OUTLOOK A Snapshot of the Global Cigarette Market Sizing the Market Asia-Pacific Rules the Global Cigarette Demand A Note on Smoking Prevalence Rates 2. TRENDS & ISSUES Developed Countries on the Trail of Kicking the Butt The Cost of Tobacco Dependence Cigarette Price Plays a Key Role in Curtailing Smoking Why is Price a Major Option for Governments to Curtail Smoking? Consumer Shift between Price Bands - An Obvious Outcome of Price Rises Illicit Trade of Cigarettes - A Global Problem Economies of Cigarette Smuggling and Actions to Curb Do Taxes Foster Cigarette Smuggling? What Entices Manufacturers to Resort to Cigarette Smuggling? Deceptive Marketing Tactics Now Shift to Developing Countries Tobacco Regulations - Package Warnings The FCTC Treaty & Packaging Norms Plain Packaging - The Latest in Anti-Tobacco Regulation New Regulations May Encourage Illicit Trade 3. COMPETITION Competitive Structure From Buyouts to New Technologies - The Changing Face of Competitive Strategies Competitive Advantages of Leading Cigarette Manufacturers List of Cigarette Brands of Major Global Companies Philip Morris Embarks on Market Specific Strategies 4. PRODUCT INTRODUCTIONS Savanna Launches Five-pack Cigarettes BAT and JTI Set to Launch New Two-in-one Cigarettes China Kangtai Launches Cactus Cigarettes in Russia BAT Korea to Launch KENT Convertibles, a Dual-Flavored Cigarette ITC Set to Launch Lucky Strike Cigarette Brand in India Lorillard Unveils Newport Non-Menthol Cigarette Japan Tobacco Launches Smokeless Tobacco Zerostyle Mint' in Japan Japan Tobacco Unveils Pianissimo Super Slims Menthol One Scandinavian Tobacco Expands Caf? Cr?me Miniature Line ITC Introduces Lucky Strike Cigarettes in India Philip Morris Introduces Marlboro Clove Varieties in Indonesia Philip Morris Introduces Super Slim Marlboros Philip Morris Launches New Varieties of Bond and Virginia Brands China Kangtai Cactus Launches Low and Zero Nicotine Cigarettes Reynolds American Launches Camel Dip in Florida and Colorado Commonwealth Brands Launches Davidoff Slims Cigarettes in US KT&G Unveils New ESSE Cigarettes 5. RECENT INDUSTRY ACTIVITY JTI Takes Over Gryson Japan Tobacco Acquires HCTF STG Inks Deal with Reynolds American to Takeover Lane China Kangtai Enters into Sales Agreements with Tobosst and Apollo China Kangtai Cactus Acquires Dadi Tobacco Manufacturing Company Philip Morris Merges with Fortune Tobacco Scandinavian Tobacco Group Merges with Swedish Match Japan Tobacco Acquires KBH&C and Kannenberg British American Tobacco Acquires Majority Stake in Bentoel Japan Tobacco Acquires Tribac Leaf Forms Joint Venture with Leaf Suppliers 6. FOCUS ON SELECT GLOBAL PLAYERS
7. GLOBAL MARKET PERSPECTIVE Volume Analysis
III. MARKET
1. THE UNITED STATES
2. CANADA
3. JAPAN
4. EUROPE
5. ASIA-PACIFIC
6. LATIN AMERICA
7. REST OF WORLD
IV. COMPETITIVE LANDSCAPE
Total Companies Profiled: 78 (including Divisions/Subsidiaries - 138) The United States (24) Canada (3) Japan (1) Europe (54) - France (2) - Germany (7) - The United Kingdom (3) - Italy (3) - Spain (3) - Rest of Europe (36) Asia-Pacific (Excluding Japan) (39) Latin America (8) Africa (5) Middle-East (3) Mediterranean (1)
For more information visit http://www.researchandmarkets.com/research/3qgm94/cigarettes
Research and Markets Laura Wood, Senior Manager. press@researchandmarkets.com U.S. Fax: +1-646-607-1907 Fax (outside U.S.): +353-1-481-1716
Sector: Tobacco
'Surprise' messagefrom Barron's online
U.S. regulators seem to have struck a rich field on which to focus their enforcement efforts.
Just a week after the Securities and Exchange Commission charged a Chinese company with fraudulently recording sales, the Public Company Accounting Oversight Board banned an accountant who once worked for Chinese companies. Both cases involved Chinese reverse mergers. In these transactions, a Chinese company usually buys a largely defunct U.S. company that has retained its corporate status. As a result, the Chinese outfit gets an equity listing without providing all the disclosure needed in a traditional initial public offering.
Enlarge Image
CloseWilliam Waitzman for Barron's
Crackdown: The PCAOB, an accounting regulator, launched its fourth China-related enforcement action of the year.
.The PCAOB brought its enforcement action against Michael T. Studer, president of the Studer Group, an accounting firm with offices in Freeport, N.Y., and Vancouver, British Columbia. The accounting group has banned Studer from preparing an audit report for a securities issuer for three years. Barron's mentioned Studer in a story, "Who's Minding the Minders of Chinese Accounting?" (Feb. 18, 2008) that also cited the target of the SEC action. Studer audited companies such as China Clean Energy (CCGY) and China Kangtai Cactus Bio-tech (CKGT), we noted in our story, despite previous PCAOB issues and securities regulatory actions against him.
The PCAOB's new moves against Studer, its fourth China-related action this year, say Studer failed to comply with its auditing standards for China Clean, China Kangtai, and another company that isn't Chinese. Studer didn't respond to requests for comment. Attempts to reach China Clean and China Kangtai were unsuccessful.
Keep waiting.
I have tried before and never got an answer.
E means late reporting.
Just a filing is enough. Even if they come out and report, that they reported everything in Chinese Rmb instead of USD, still better than big blank nothing.
Trading at '1 quarter earnings' is ridiculous.
Reporting, Auditor
Keep also in mind the Michael T Studer was settled with the SEC in April 2011 (after last year's annual report)for a 10 year old case, and he is probably turning around every stone to make sure, he is not getting into more trouble, which would put his business on the line
From CKGT's 2010 annual report, I found a nice paragraph fitting for the current situation:Our company is at the early stage of adopting necessary financial reporting concepts and practices, including strong corporate governance,
internal controls and, computer, financial and other control systems. Most of our accounting and finance staff are not educated and trained in
U.S. GAAP and SEC reporting requirements, and we may have difficulty hiring new employees in the PRC with such training. As a result of
these factors, we may experience difficulty in establishing management, legal and financial controls, collecting financial data and preparing
financial statements, books of account and corporate records and instituting business practices that meet SEC reporting requirements. Therefore,
we may, in turn, experience difficulties in implementing and maintaining adequate internal controls as required under Section 404 of the
Sarbanes-Oxley Act of 2002. This may result in significant deficiencies or material weaknesses in our internal controls, which could impact the
reliability of our financial statements and prevent us from complying with SEC rules and regulations and the requirements of the Sarbanes-Oxley
Act of 2002. Any such deficiencies, weaknesses or lack of compliance could have a materially adverse effect on our business.
In my memory, they were always 'late' other than last year, when they were trying to do the capital increases. At that time,they were even overcommunicating giving full year guidance even before the end of the calendar year.
I am also disappointed, but unfortunately this is part of the pattern.
I think, they only show from a minimum volume and sometimes they do deal making of they don't match. I wouldn't be worried until they sell your stuff below your asking price or buy above your offer price.
It looks like they came up with something new.
I sometimes go to Southern China(Fujian), but I never saw one of their products by myself. Maybe I have to get help from a local, but it might be one of the provinces they do not market their products.
I think Chinese stocks go/went through the same cycle than the Tech stocks in 2000/2001/2002. After the hype, the air comes out and they deflate until the real value shows up for the good ones and the Worldcom/ENRON/Chinese crooks all blow up and disappear with a lot of smoke.
Chinese culture is just a little bit more complicated for us to understand than the Madoffs/Enron CEOs/Worldcom CEO scams.
They are still alive and kicking and have learned to live on a dime for a long time. Their break-even volumes have decreased to 70k/year and they are getting close.
They have a good marginal rate per procedure, so if they hit 100k, they will make a few bucks/share.
This is actually interesting. It is hard to believe, that they can't make enough cigs, since they were shut down at Shangdong factory for 1 month in October because of excess inventory.
This might explain some of the recent interest in the stock here in the US.
It might be a couple interesting weeks coming up with the year-end report and soon after Q1/12 report.
Thank You for the research.
I saw the research.
I was not too happy to see Hawk associates being the researchers, since they are also the public relations contractor.
The growth can be achieved, if everything has been right so far.
It would have been nice for them to say, why they think the numbers are right and not questionable.
Credibility is still the main issue. Those two bodged attempts to raise money where it didn't seem necessary are still haunting them.
Did you ever visit APOLLO stores in Frankfurt to see some of those cactus cigarettes?
Good luck with convincing the management to do buy back shares. Their cash level would certainly allow it, although their new and growing busines needs a lot of working capital.
But it is certainly the best payback for the company and for all the investors and management would regain 50%+ ownership again. Certainly a major trust booster.
The numbers are just too good to be true.