China stocks

[DOGS THAT BARK]

Appreciate your input in China section Doc. Have found lots of these China "penny" stocks are quite diff than U.S. penny stocks as many pay dividends. As is case with DENMF on list above. Has split a while back and is currently at .48. Have done real well on this one with one exception. My SEP account is in AXP (Ameriprise)
which is free trade for most part but has a fine print charge of 3 cents a share on over 1000 shares--so started out buying it at about 10% premium --but can't complain I too much I guess.

P.S. I'm not savvy enough too get into the puts and calls--they :scared the hell out of me.

Thought KMG looked familiar was in my stocks sold portfolio sold on -6-1-99 @ 45 5/8

 

[Dr. Fade]

.03 premium is pretty brutal on penny stocks. My sources are reliable on Golden Meditech- KMG earnings are huge. 4 PE ratio w/small dividend- good stock to buy IMO I also like SUN.

 

[DOGS THAT BARK]

Just about pulled the trigger---My Etrade accout as well as yahoo and others is showing .35 however I find an obscure scource that has it down to .27 today bout a 23% drop--???????

Golden Meditech Co Ltd DL (4/21/2006 10:55 AM)

GMDTF 0.27 0.08

Today 5 Dy 1 Mo 3 Mo 1 Yr more
Last Price
0.27
Change $
0.08
Change %
22.86%
Tick
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Bid
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Open
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High
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Low
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Prev Close
0.35

Last Trade
N/A
Volume
0
52 Wk Hi
0.35
52 Wk Lo
0.14

Market Cap
N/A
Ex-Div Date
N/A
Dividend
N/A
Yield
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EPS (TTM)
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Exchange
OTO




Golden Meditech Co Ltd News and Filings As of 4/21/2006 11:10 AM

 

[DOGS THAT BARK]

Put in stop loss on PTR @ 110 a share this morning before the bell.
currently 111.91
+++++++++++++++++++++++++

Sold 4-27-06 @ $109.9000
+++++++++++++++++++++
buying back today 5-22-06 @ 107.50

 

[Dr. Fade]

This is up to .35 from .25.nice 40% bang. A very large, respected University has 5% of their endowment money in this stock.

side note:

take a look @ KMG May 100 call options..............
(I'm buying)

Well KMG split and was now purchased for $70 a share ($140 pre-split.) I should have bought the June calls..but what a score!!

 

[REBEL YELL]

http://articles.moneycentral.msn.com/Investing/JubaksJournal/ChinasEconomyIsOutOfControl.aspx

Interesting article on the Chinese economy.

 

[DOGS THAT BARK]

Thanks Rebel--is interesting

--a couple of notes
On example of Shenzen property going up so much--this city borders Hong Kong where real estate is VERY expensive--however few years ago they completed undergound route to Hong Kong (use to have to go over water) which brought mass migration from Hong Kong to Schenzen--Have post here somewhere when route was nearing completion several years ago and speculated on property in Schenzen--of course procratinated and never went through with it.

another item he discussed was property taxes going up--which may be so--but don't know if he is aware that in China you pay property tax "once" at time of purchase.

On steel--while they have produced lots of steel--it has only been recently they have moved to produce high grade steel--having to import much from Posco (korea) and elsewhere previously.

I think he did excellent job on pointing out pitfalls of investing in China--my biggest fear is credibilty of their reporting financials on companys--very little
scrutiny involved. Have tried to stick to dividend paying companies and hard to believe but there are companys that sell for less than $1 per share that have paid dividends in 7 to 8% range for several years--hoever hard to find info/financials on these companies

 

[DOGS THAT BARK]

Bought a stock at opening bell-- ABB LTD ($12.71/share)
A swiss firm that, as with ASD previously, is an indirect play on China market.
It is my understanding China has given them free hand on upgrading the power grids. Now uncommon for elecrtic to be out daily there for hour or more.
Been waiting on this one and saw yesterday its profits triple for quarter--hope I'm not too late on this--high PE but project PE much lower and pays small dividend which hoping they increase.

 

[DOGS THAT BARK]

ABB has done pretty well up 26% since july + dividends will do update on entire portfolio at end of year--

got another I been watching with interest but threw me real curve today and any input from others would be appreciated before I buy.

Company is China gas company CHNG.OB--been tracking since since China Petro got involved with them. Was debating on buying before earnings came out today--had anticipated earnings being up there but nothing like they were--yet stock dropped 50 cents(15%)--now I'm clueless on whats up? here was financial report--
++++++++++++++++++++++++++++++

Press Release Source: China Natural Gas


China Natural Gas Announces Record Third Quarter Financial Results
Tuesday November 14, 4:20 pm ET
Company Reports EPS of $0.09, Up 350 Percent, Revenue of $6.5 Million, Up 367 Percent, Compared to the Same Period Last Year


NEW YORK, Nov. 14, 2006 (PRIMEZONE) -- China Natural Gas, Inc. (OTC BB:CHNG.OB - News), http://www.naturalgaschina.com, a company engaging in the transmission and distribution of natural gas in China to a diverse base of commercial, industrial, wholesale and residential customers, announced financial results for the third quarter and nine months ended September 30, 2006.

Revenue for the third quarter totaled $6.5 million, an increase of 367%, compared to $1.4 million for the third quarter in 2005. The Company reported net income of $2.2 million, an increase of 455%, compared to $396,643 for the third quarter in 2004.

Earnings per share totaled $0.09 for the quarter compared to $0.02 for the same period in 2005, representing a 350% increase. For the 9 months ended September 30 2006, the Company reported earnings per share of $0.15, an increase of 200% compared to $0.05 for the comparable period in 2005.

Mr. Qinan Ji, Chairman and CEO of China Natural Gas commented, ``We are pleased to report strong 3rd quarter results. Our efforts to execute our business plan are unfolding and are clearly evident in this quarter's numbers. We believe the combined resources of our management team as well as the increase in the demand for our alternative energy initiatives will continue to enhance the growth of this company. We are optimistic that we will have a total of 21 retail natural gas filling stations by year end.''

Recent Highlights:

-- The company has a total of 17 retail natural as filling stations as of November 2006

-- The board of directors has appointed Zhiqiang Wang as a director and vice chairman. Mr. Wang is the former Director of Energy Industry Regulations and Vice Mayor of Xi'an, China's largest western city.

-- The company entered into a natural gas supply agreement with PetroChina Company Ltd. (NYSETR - News), China's largest oil and gas company. PetroChina will supply the Company with an annual capacity of 150 million cubic meters of natural gas for the Company's Liquefied Natural Gas (LNG) project.

-- 13,000 new residential and commercial customers were signed during the nine months ended September 30, 2006

About China Natural Gas, Inc.

China Natural Gas, Inc. (``CHNG''), a Delaware company, is the first China-based U.S. public natural gas services provider that owns and operates a 120-kilometer-long compressed natural gas pipeline in China's Xi'an area, a fast-growing Chinese city supported by a population of approximately 8 million, and is the ``gateway'' to the broad Western regions of China. CHNG has three profitable business segments: end user delivery of natural gas services to residential, commercial and industrial customers; wholesale natural gas to retail natural gas filling stations; and retail natural gas at company-owned natural gas filling stations. The city of Xi'an has approximately 20,000 taxis, 3,000 buses and 2,000 special purpose vehicles that are powered by compressed natural gas.

Safe Harbor Statement

Certain forward-looking statements made on this press release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to the risks described in the company filings with the Securities and Exchange Commission.



CHINA NATURAL GAS, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
AS OF SEPTEMBER 30, 2006
(Unaudited)

ASSETS
----------
CURRENT ASSETS:
Cash & cash equivalents $ 5,031,991
Accounts receivable 316,829
Other receivable 1,831,998
Inventory 298,135
Advances 3,121,797
Prepaid expense 165,628
--------------
Total current assets 10,766,378

PROPERTY AND EQUIPMENT, net 12,162,205

CONTRACTS IN PROGRESS 418,530

CONSTRUCTION IN PROGRESS 2,267,926
--------------
TOTAL ASSETS $ 25,615,039
==============

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

CURRENT LIABILITIES:
Accounts payable & accrued expense $ 383,617
Other payables 1,310,839
Unearned revenue 518,687
--------------
Total current liabilities 2,213,143

STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 per share;
authorized 5,000,000 shares; none
issued --
Common stock, $0.0001 per share;
authorized 30,000,000 shares;
issued and outstanding 24,210,183 2,421
Additional paid-in capital 18,223,911
Cumulative translation adjustment 520,604
Statutory reserve 707,776
Retained earnings 3,947,184
--------------
Total stockholders' equity 23,401,896
--------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 25,615,039
==============



CHINA NATURAL GAS, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
FOR THE THREE AND NINE MONTH PERIODS ENDED
SEPTEMBER 30, 2006 AND 2005
(UNAUDITED)

For the For the
Three Month Periods Ended Nine Month Periods Ended
September 30, September 30,
2006 2005 2006 2005
---------- ---------- ---------- ----------
Revenue
Natural gas
revenue $5,210,834 $ 406,365 $8,580,236 $1,065,017
Construction /
installation
revenue 1,303,457 986,243 3,445,452 1,649,025
---------- ---------- ---------- ----------
Total revenue 6,514,291 1,392,608 12,025,688 2,714,042

Cost of revenue
Natural gas cost 2,752,594 315,116 4,862,202 830,527
Construction /
installation cost 526,292 345,382 1,368,825 584,772
---------- ---------- ---------- ----------
3,278,886 660,498 6,231,027 1,415,299
---------- ---------- ---------- ----------
Gross profit 3,235,405 732,110 5,794,661 1,298,743

Operating expenses
Selling expenses 366,616 129,353 923,960 299,352
General and
administrative
expenses 270,031 77,097 693,141 132,991
---------- ---------- ---------- ----------
Total operating
expenses 636,647 206,450 1,617,101 432,343
---------- ---------- ---------- ----------
Income from
operations 2,598,758 525,660 4,177,560 866,400

Non-operating income
(expense):
Interest income 2,485 307 7,262 894
Other income
(expense) (4,231) 700 (10,182) (468)
---------- ---------- ---------- ----------
Total non-operating
income (expense) (1,746) 1,007 (2,920) 426
---------- ---------- ---------- ----------
Income before income
tax 2,597,012 526,667 4,174,640 866,826

Income tax 393,226 130,024 633,005 130,024
---------- ---------- ---------- ----------
Net income 2,203,786 396,643 3,541,635 736,802

Other comprehensive
income
Foreign currency
translation gain 258,640 -- 291,857 --
---------- ---------- ---------- ----------
Comprehensive
Income $2,462,426 $ 396,643 $3,833,492 $ 736,802
========== ========== ========== ==========

Weighted average
shares outstanding
Basic 23,931,197 16,000,000 23,759,285 15,975,368
========== ========== ========== ==========
Duiluted 23,931,197 16,000,000 23,759,285 15,975,368
========== ========== ========== ==========
Earnings per share
Basic $ 0.09 $ 0.02 $ 0.15 $ 0.05
========== ========== ========== ==========
Diluted $ 0.09 $ 0.02 $ 0.15 $ 0.05
========== ========== ========== ==========



Contact:
For China Natural Gas, Inc.
Rubenstein Investor Relations
Tim Clemensen
212-843-9337
tclemensen@rubensteinir.com

 

[selkirk]

could not find any news, maybe this is the case of sell on news.

this stock though off its highs has had a great run and maybe people sold on news of earnings which met estimates.

only found two both rated it a buy, with an average of .23earnings per share.

actually bought this one at 2.95 small position. looks interesting, since it is volatile will keep a stop lower than ussual.

ABB is starting to have options on it Amex. will look to play the stock that way, only have a few US options, biggest one is McDonalds. that stock has done well the past couple of years, just want it to stay above 40 in the next 3 months...

DTB do you look at other markets such as Japan, Hong Kong, Australia as a way of playing China...maybe that is to indirect.

thanks
selkirk

 

[DOGS THAT BARK]

Thanks Kirk--was mind boggler to me. I look for any country with ties to China. Read China Daily and a few other china publicatins each day and look for any plays regarding China.Doesn't make any diff which country as long as its on U.S. exchange.

Hardest thing about China is they do not have much transparency on stocks until recently and hard to seperate fact from fiction.
Try to seperate with at least 2 years dividend history on most or co venture with reputable company such as China Petro in above stock. Is amazing the small stocks under a dollar that pay dividends.
Been looking as you know for environmental stock to clean up their water and may have found one--but it is so ridculously cheap it scares me figure can't lose much. Will put it up here tomorrow for your input -at home now and don't have links on this computer.

++++++++++++++++++++++++++++
1st became aware Of China gas through this listing of companies--
http://www.china-asiastocks.com/Companies/China-AsiaStocks/Stocks_List.asp

2 other companies of interest were

China Evergreen Environmental Corporation (CEEC.OB) is a leading designer, engineer and developer of waste water treatment facilities in China. With its proprietary technology resources and project management experience, the company provides both turnkey and BOT (build-operate-transfer) services to a range of industrial companies and municipalities throughout China. The company also makes sales of its proprietary GM Bio-carriers, a natural, chemical-free process that improves the efficiency of the waste water treatment process.

The name and symbol of this company changed a couple days ago to CHINA WATER GROUP (OTC BB:CHWG.OB)

Was hard to find info on this company but Etrades Snapshot does pretty good. Oddly had found news on substatial jobs they were recently given but can't pull them any longer under new stmbol--and a bit worried about name change as might be ploy to get more "China" investors--but not much downside at 15 cents a share--but a strictly a gamble none the less.
++++++++++++++++++++++
the other of interest is

A-S China Plumbing (American Standard) (OTC.PK: APBGF.PK) Our roots and our name are American, but our business is global. We're part of people's lives in more than 40 countries, from the air they breathe to the water they drink to their level of safety on the highway. We do that through three businesses: Air Conditioning Systems and Services, Bath & Kitchen Products and Vehicle Control Systems

a spin off of American Standard which has been very profitable in China portfolio--they even have website china/american
http://americanstandard.com.cn/index.htm

odd thing is can't buy--never a bid or ask--another note is while etrade and a lot of sources list no dividends but do list div payable date-most of these stocks DO pay dividends--a couple I have had for several years(in china portfolio in this thread) CKISF and DENMF have paid dividends like clock work. Will buy some this stockof this if given opportunity.

A S CHINA PLUMBING PRODUC (APBGF: OTC)
Last Price Today's Change Bid size Ask size Volume Trade
0.24 0.00 (0.00%) 0.00 x0 0.00 x0 0

Open 0.00
Previous Close 0.24
Day's Range 0.00 - 0.00
52 - Week Range 0.19 - 0.24
3/17/06 - 5/3/06
Avg Volume (10 days) 0
Price / Earnings (TTM) 0.0x
Earnings Per Share (TTM) 0.00
Market Cap 0.0
Shares Outstanding 0.0
Beta -0.1
Dividend Yield 0.00%
Declared Dividend 0.00
Ex-Dividend Date --
Dividend Payable Date 12/1/06

 

[The Sponge]

Got back last year bought this same time from china and discussed with Kirk an observation on a new company SINA that all the younger generation there were changing to for cell phone carrier because of new text messaging and other goodies. Price then was about a buck a share now 39.00 --and I didn't buy a single share
Will give a run down on observations this year and if Kirk has time maybe he can make some recommendations.
The most notable is while most of china has very primitive toilets, some just trenches even in businesses they now are starting to go to modern toilets and evry place I went that had one were made by same US manufacter American Standard. Downfall this stock is pretty high around 80 bucks a share.
US food there. Pizza Hut a no go.Not many patrons because menu price WAY to high for most in China--McDonalds ALWAYS packed to the hilt.
Two markets I will be curious to see if Kirk can find any info on that will boom in next 5 years are water treatment as they have no choice now and high grade steel production.
They have many low grade but import most high grade.Reason for anticipated increase is they now have several car plants and coming Olympics in 2008. Would buy company now if available on US markey by name of Krupp from Germany who has joint venture with Shanghai to finish plant in 2006 or might consider one that is on US exchange by name of Posco that is S Korean company doing a lot of exporting there.

This makes me feel better. I ignored a guy who told me to buy one at 1.50 that reached 37.00. Cybercare. I think its a penny now or bankrupt. it was my shot at the lottery and i blew it. I have a pretty good pick coming up tho but i have to get the symbol from my buddy. You do the DD on it and see what you think. Its a company in my area. Ill try to get it tonight or tomorrow.

 

[DOGS THAT BARK]

The steel stock Posco mentioned in last sentence was $28 and change at time today bout $76--but thats another story.

 

[djv]

DTB I came to the PTR party a little late at $86. But some of my old friends from ASD had pushed be earlier, wish I had. But with the way it's held it's own a very nice stock. And who can kick with that div. BUT I have 135 shares. And think it might be smart to at least take profits on 25/35 shares. Just get that feel it's time to take a little off table. DO you get that hunch at times to.

 

[The Sponge]

Immc check it out. This should be a winner. Have a few connections with this stock.

 

[djv]

Thks did not know of this one. It looks like a place to take a shot. Thks Again.

 

[The Sponge]

Thks did not know of this one. It looks like a place to take a shot. Thks Again.

Dj a good buddy of mine just threw down 30 G's on it. the source says it should go no lower than 3.50 but will eventually be a winner. I like to say more but i don't think its a good idea. I also would not post something like this if i didn't believe in it. Don't look for a surge overnight. If you have some extra coin around throw it down and forget about it for awhile.

 

[djv]

Your correct. I keep a sum on side line just for things like this. They work out more then many know. Thks.

 

[DOGS THAT BARK]

DJV Don't know what to tell you on selling PTR.
However have found I don't get as mad at myself for taking profit and stock continues to climb as I do when I don't take profit and it falls--however wouldn't be to disappointed if it just held its own with 4% + dividend. Maybe stop loss is better-I set mine too close last time and it sold and ended up buying back at slightly higher price-so that cost me a little.

Got one I been watching that should have particular interest to you-have tried to purchase but no bid or ask which has me puzzeled--check out website

http://americanstandard.com.cn/index.htm


A-S China Plumbing (American Standard) (OTC.PK: APBGF.PK) Our roots and our name are American, but our business is global. We're part of people's lives in more than 40 countries, from the air they breathe to the water they drink to their level of safety on the highway. We do that through three businesses: Air Conditioning Systems and Services, Bath & Kitchen Products and Vehicle Control Systems.
+++++++++++++++++
This is another stock that while only has price of 24 cents --pays a dividend.
While etrade says no div it shows div date--which I have found trumps their "no div" claim.

Open 0.00
Previous Close 0.24
Day's Range 0.00 - 0.00
52 - Week Range 0.19 - 0.24
3/17/06 - 5/3/06
Avg Volume (10 days) 0
Price / Earnings (TTM) 0.0x
Earnings Per Share (TTM) 0.00
Market Cap 0.0
Shares Outstanding 0.0
Beta -0.1
Dividend Yield 0.00%
Declared Dividend 0.00
Ex-Dividend Date --
Dividend Payable Date 12/1/06

 

[djv]

DTB this is new one on me. Some of my old friends still at ASD I asked to check it out. They did not know this was out there. It's seems it's a play from the Plant open in China 7 years ago on the A/C side. And a new plumping plant for toilets and accessories 3/4 years ago. They sell only to China market no export that they know of. However on A/C side a right to sell in Thailand and Malaysia is possible. But do to quality not as strong as A/C coming from US. They don't know if the contractors in those countries will consider this even if prices is lower. By the way the large compressors for this equipment is still built here and shipped to China for final assembly of equipment. I remember the trouble they had at A/C plant. Local mob boss almost like here in US. If some workers did not like how things were going or thought some got to be favorites of the bosses.They would walk of job for days at a time.
So this could be why growth is slow. By the way my old computer wanted 15 minutes to open your site with more info. So I didn't do it. Im waiting on one last guy that travels over there to get back to me. He is there making a swing threw the region do not know if he is stopping at the plant.