Replies to post #84879 on China Growth Stocks

[BiotechValues]

CCCL I'd just like to see a pe of 3 on those full year earnings...or a share price of $7.50+

[Traderfan]

CCCL, very nice numbers and second half outlook. And the stock is in the red premarket. lol

[viking86]

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.