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09-Dec-2009 16:28

China XLX Fert / China xlx climbing

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why are you with the *69 BB group ? they are the one that dump this baby this morning.... Group dumping

whitemagic ( Date: 09-Dec-2009 16:22) Posted:

anyway the rally is over. the rally is only for 1 day. Its a 1 day show only. Don't keep harping on the news that it will go up. U will miss lead lots of people.

And there is no way this stock will go up as fast as those listed in HK. Don't believe me? U will see.

risktaker ( Date: 09-Dec-2009 16:15) Posted:

hide for what ? lol u have no idea :)

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09-Dec-2009 16:15

China XLX Fert / China xlx climbing

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hide for what ? lol u have no idea :)

whitemagic ( Date: 09-Dec-2009 15:31) Posted:

think risktaker went into hiding liao....kept saying go up...come down now...no face..

vin633 ( Date: 09-Dec-2009 15:11) Posted:

Hi Risktaker,

Seems like it is heading down....can short this counter for a few days?

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09-Dec-2009 13:52

Straits Times Index / STI to cross 3000 boosted by long-term investors

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i will expect a rebound on DJ tonight. Some silly good news might come out :)

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09-Dec-2009 13:50

ChinaMilk / China Milk

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Huat ah 8888

playing many counter at one time really drain resources

risktaker ( Date: 08-Dec-2009 14:24) Posted:

zhuge liang told me ChinaMilk already bottom...... will rebound soon...... S-Chip will get some boast this few days......

TP: $0.36- 0.42

From Zhuge Liang Investment Fund

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09-Dec-2009 13:45

Citic Envirotech / United Envirotech

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it will go up more TP: $0.37 - $0.42

BOSAYOR

tanstg ( Date: 09-Dec-2009 12:31) Posted:

Bintang - thanks for the cautious!

Bintang ( Date: 09-Dec-2009 11:27) Posted:

UniEnvtech may go to hit 32 cents at 30MA n hoping to go further up may be not possible , because the 55MA is still above it n coming down gradually . This is only a rebounce in order to correct its over-sold position

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09-Dec-2009 13:43

Midas / Midas

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BB Selling at $0.06 profit for its year end bonus.

Support it since morning..... haiz I want to break $1.00 one

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09-Dec-2009 13:41

China Gaoxian / ChinaGaoxian

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Zhuge liang Recommend a BUY

TP: $0.34-$0.395

From Zhuge Liang Investment Fund

I am not sure when this gonna happen but i guess should be soon.

Good luck Merry Christmas. BOSAYOR Especially when TP are hit

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09-Dec-2009 13:35

Baker Technology / It's time to rebound ????

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will not go far :) Pay attention to other share

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09-Dec-2009 13:32

Midas / Midas

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dont worry support Coming liao. damn

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09-Dec-2009 13:31

China Gaoxian / ChinaGaoxian

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After reading this I believe this burger deserved to be $0.32
How often do we change our clothes now ? How many people in china ? I believe this baby will grow even more as China become richer and demand will surge ! No wonder my father say buy this baby. As this is really good price ATM.

BOSAYOR

Background: China Gaoxian is a leading supplier of premium differentiated fine polyester yarn and warp knit fabric. It operates two production plants located in Zhejiang Province and Fujian Province. It was listed on the Mainboard of the Singapore Exchange in September 2009 this year.

The company recorded net profit of RMB290.4 million on revenue of RMB1.3 billion for the first nine months of this year, comparable to net profit of RMB288.2 million and revenue of RMB1.3 billion last year.

This is despite a general slowdown in the PRC textile industry in the first half of 2009, which severely affected the entire value chain.

RMB ‘million	3Q09	% change (y-o-y)	2Q09	% change q-o-q
Revenue	473.6	(5.6)	422.4	12.1
Gross margin	31.7	1.8bp	31.0	0.7 bp
Net profit	105.4	-	91.2	15.6
EPS (RMB cents)*	9.01	(4.3)	8.14	13.9

*Based on weighted average of 1,168,695,652 shares (3Q09) and 1,120,000,000 shares (2Q09,3Q08)

Expansion of Fujian Huawei facility

This is the Group’s flagship manufacturing facility, which was first established in 1997. From a modest facility with gross floor area of just over 1,400 sqm, the Group has gradually expanded its operations over the last decade by acquiring the surrounding land and establishing new production buildings.

The Changle operation has multiple production buildings have a combined gross floor area of approximately 103,700 sqm, housing about 348 production stations.

It is capable of producing about 108,000 tpa of premium differentiated fine polyester yarn and 15,000 tpa of warp knit fabric (WKF) annually. Together with its Zhejiang facility, the Group can produce about 198,500 tpa of polyester yarns annually.

The Group plans to further expand its annual yarn production capacity by another 25.2% next year, while its fabric capacity will triple to 81,900 tpa.

We could see the need for expansion as we walked around the plant. The plant was a flurry of activity with all production lines running and numerous rolls of yarns and fabrics stacked for delivery.

Winding yarns onto paper reels: The yarn will be cut when the polyester yarn has reached its desired length. Photo by Roger Ng

Demand for the company’ss products is so strong that the Changle facility is now running at close to 90% average utilization rate, based on 24 hours/7 days.

What is interesting to note is that for an operation of this magnitude, it only employs over 500 workers as most of the processes are fully automated. Most of the machineries are purchased from Japan and refitted to meet the company’s production specifications.

The machinery debunks the myth that yarn production today is still a low-tech and labor intensive process.

Customers and suppliers say market is recovering

We met with the some of the company’s suppliers and customers who acknowledged that China Gaoxian is one of the largest differentiated polyester yarn producers in the PRC.

The customers cited scale, professionalism, long working relationships, consistency in product quality, and timeliness in product delivery, as the main reasons for selecting China Gaoxian as their supplier.

One of the garment manufacturers also acknowledged that selling prices for fabrics made with China Gaoxian’s yarns can on average fetch about 10% higher than other fabrics due to its superior quality.

Cao Xiangbin, chairman of China Gaoxian. Photo by Sim Kih

We also met Mr Charles Chen, a senior analyst with the China Chemical Fiber Economic Information Network (CCFEI), who noted that the PRC chemical fibre industry is on the road to recovery with strong domestic demand.

This is backed by one of the customers who said that prices of most chemical fibre products on the market have on average, risen about 20-30% compared to the same period last year.

Chairman, Cao Xiangbin

Visitors were impressed to learn that founder and Chairman of the company, Cao Xiangbin works long hours and 6 days a week at the factory. The man is also a fitness fanatic, who runs several kilometers near the factory almost daily before work. He also encourages all his staff to maintain a healthy lifestyle and installed a gym in the office.

On top of this, he asked the contractor of his 7-storey office building not to install lifts so that employees can climb stairs to keep fit. Unfortunately for us, we have to go through the same route to get to the meeting room which is on the top floor. You can bet no one is in a hurry to bring this concept back to Singapore.

Recent story: UOB KH initiates coverage with 'buy'; 40-cent target price

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09-Dec-2009 13:23

China XLX Fert / China xlx climbing

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I will come back to this burger later. Need to pump other counter :P

Peg_li ( Date: 09-Dec-2009 12:10) Posted:

Risktaker, are you manager of fund?

you have subordinates. great!

risktaker ( Date: 09-Dec-2009 12:02) Posted:

crap........ my guys cant handle i have to postpone my trip to Friday.

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09-Dec-2009 13:12

Straits Times Index / STI to cross 3000 boosted by long-term investors

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China Play this week -> Have to pump for year end report. Its a Window dressing :) Join in the ride.

2010 China will GROW :) over 9%

Huat Huat Huat :)

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09-Dec-2009 12:04

China Gaoxian / ChinaGaoxian

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Hmmmmm my father told me to buy this share .... so what should i do ?

tchoonw ( Date: 09-Dec-2009 08:29) Posted:

a house even upgrades gaoxian to 40c...almost 100% upside, plus this coy gives dividend so it's a matter of time the values will be unlock! at current px, it's a steal man!

Cross_Stitch ( Date: 08-Dec-2009 22:59) Posted:

Thanks for the info. So looks like tomorrow is a good time to buy in Europe and US all in the red. What's your advice?

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09-Dec-2009 12:02

China XLX Fert / China xlx climbing

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crap........ my guys cant handle i have to postpone my trip to Friday.

simplyenjoy ( Date: 09-Dec-2009 10:52) Posted:

Friends,

Be careful if we are hoping for SGX price to catch up with HK...

Extraction from bloomberg:

====================================

China XLX Jumps in Hong Kong, Cites ‘Insufficient’ Share Supply

By Mark Lee

Dec. 9 (Bloomberg) -- China XLX Fertiliser Ltd. shares rose 82 percent in their first day of trading in Hong Kong yesterday compared with the company’s close the previous day in Singapore, and an executive said not enough shares were on the market.

Stephan Yao, director of investor relations at China XLX, said there was “an insufficient quantity” of the company’s shares available to Hong Kong investors. “It takes time for the company’s shares to be transferred from Singapore to Hong Kong,” Yao said by phone yesterday. He expects trading conditions to “return to normal” within two weeks.

China XLX was listed by introduction, meaning the shares were moved to the Hong Kong market from another exchange without being initially sold in Hong Kong. China XLX’s debut was the first such listing in Hong Kong since Asian Citrus Holdings Ltd.’s last month, which prompted Hong Kong Exchanges & Clearing Ltd. to tighten disclosure rules for candidates.

China XLX’s explanation of the situation “suggests they should have delayed the listing until the shares are here,” said David Webb, a Hong Kong-based shareholder activist.

Two analysts said China XLX appears overvalued in Hong Kong.

Trading at Premium

“There is no way XLX shares should be trading at a premium to the bigger boys,” Ng, an analyst at CIMB-GK Research Pte, said in a phone interview. The Henan, north China-based fertilizer company should trade at a lower valuation compared with bigger competitors such as China Bluechemical Ltd., he said.

China XLX shares closed at HK$5.20 (67 cents) after their listing by introduction in Hong Kong yesterday, compared with the stock’s closing price of 51 Singapore cents (37 cents) in Singapore on Dec. 7. “It won’t take too long” for the fertilizer company’s shares to fall, said Ng, who rates the stock “underperform.”

China XLX’s Hong Kong-listed stock now trade at 16.5 times projected earnings for next year, compared with 13 times for China Bluechemical, according to Bloomberg data.

The valuation for China XLX shares is “unjustifiable in our view,” Pei Hwa Ho, an analyst at DBS Vickers Securities in Singapore, said in an e-mail.

Asian Citrus, China’s biggest orange plantation owner, rose as much as eightfold in its Hong Kong debut on Nov. 26, compared with the stock’s previous closing price in London. Webb said trading information displayed by Hong Kong Exchange’s computers misled investors because the data failed to reflect a 10-for-1 split in Asia Citrus stock prior to the listing by introduction.

China XLX’s listing followed the required rules, Hong Kong Exchange spokesman Henry Law said.

Companies listing in Hong Kong by introduction would need to provide the last closing price of their shares on other markets ahead of their first day of trading, Hong Kong Exchange said on Dec. 4.Last Updated: December 8, 2009 20:26 EST

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09-Dec-2009 09:43

China XLX Fert / China xlx climbing

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Few players are shorting this baby :)

Yesterday Avg 73 cents most are out already.

Now they are shorting it.

Another Group is countering it.

from my calculation We will see some burst pretty soon.

The Hong kee are joining in To Push it up according to zhuge liang. Huat ah

Really got to run lol late already .... damn i am addicted to shares

risktaker ( Date: 09-Dec-2009 09:32) Posted:

Last Post before I go Airport :)

From Zhuge Liang Investment Fund TP: 0.90 - 1.00 range

Good luck

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09-Dec-2009 09:32

China XLX Fert / China xlx climbing

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Last Post before I go Airport :)

From Zhuge Liang Investment Fund TP: 0.90 - 1.00 range

Good luck

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09-Dec-2009 06:01

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Today Blue chip & Larger Market Stock will be hit. S-Chip will still favor by BB !

Dont worry so much. Its normal for DJ to pull back. I have told my guys to buy in S-Chip :)

Good luck

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08-Dec-2009 17:08

Straits Times Index / STI to cross 3000 boosted by long-term investors

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dont get me wrong lol going to Europe Trip :) have my guys monitor for me. haha

risktaker ( Date: 08-Dec-2009 17:02) Posted:

gong xi fa cai :) shall disappear from today for a while :P cya guys good luck.

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08-Dec-2009 17:02

Straits Times Index / STI to cross 3000 boosted by long-term investors

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gong xi fa cai :) shall disappear from today for a while :P cya guys good luck.

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08-Dec-2009 16:39

China XLX Fert / China xlx climbing

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it will let them run it for few days. Its dual listing. The revised fair price according to Zhuge Liang is $0.935 - $1.03.

nokia2iphone ( Date: 08-Dec-2009 16:34) Posted:

HKD 5.20. Volume 3770. High price HKD10.00. Is it a joke? Such movements dun invite query from Exchange?

ronleech ( Date: 08-Dec-2009 16:31) Posted:

Any idea what is the closing price for XLX in HK?

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