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viking86

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viking86

Re: Drexion2004 post# 84879

Wednesday, 08/10/2011 8:31:23 AM

Wednesday, August 10, 2011 8:31:23 AM

Post# of 94785
CCCL: I am expecting eps of 2.49 non GAAP for the year.

They guided for 14.6m sqm tiles in Q3 which is 81% of their targeted capacity of 72m for 2011. I expect Q4 to be the same as Q3 although Q4 tends to be softer as Q3 but it will be compensated by Hengdali Phase 2 expanded capacity being completed by end of Q3 and thus fully available for Q4. So 2.50 eps is a good guess. Let's hope that P/E will expand to 3 by end of year.
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