China stocks

DOGS THAT BARK · Sep 12, 2009

6 year anniversary report-time flys

Plan to return to China in 2010.
Haven't done a lot since this year as far as adding new positions and still pretty much in defensive posture--have missed some of bounce upward. Have some new stocks listed on pink sheets I've been looking at--and had some that were in portfolio go from pinks sheets to major markets-- I still spend most time studying Chinese market and am in agreement with Warren Buffett-"The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly."

One stock to add to the sold list this year and not a pleasant one as 1st to be sold at loss-was a Hong Kong banking stock--

Stocks sold

BKEAY.PK bought 2-25-08@ $5.15 a share.
sold 10-08 @ 2.60 a share

PTR
bought @ $39.79
sold $150.07

Tsingtao Brewery Co Ltd (TSGTY.PK)
bought 8.60
sold 2-15-07 @ 18.20

China Unicom Ltd (CHU)
bought 8.01
sold 8.55

lngvy.pk bought 6.15 a share
sold @ $8.30 a share

ABB LTD bought $12.71
sold $15.95

+MAPTX A china mutual fund
bought @ 11.42
Sold 1-4-08
return was 143% over the 4 years it was held.

American Standard Company Inc (ASD)
bought 83.65 - split 3 for one
sold- $35.89 Hard to peg profit on this one as sold off portions received divs--one a $15.98 special div on sale of one of their units. Taking a guess somewhere near 85% profit

Anglo American PLC AAUK.O (indirect play on China-coal processing)
bought @ 27.75
sold 28.60
+++++++++++++++++++++++++++++++
have one stock to add to the sell 1/2 keep 1/2 when they double nest--YZC

YZC
Bought 10-08 @ 6.66
Sold half 6-09 @ 13.72
currently 14.78

Denway Motors Ltd (DENMF.PK)
bought .62 split 2-1 making buy in .31
sold 1/2 @ .64
currently .48

Cheung Kong Infrastructure Holdings Ltd (CKISF.PK)
bought 2.12
sold 1/2 position @ $4.25
current 3.55

CHNG >CHINA NATURAL GAS
purchased @ 3.15
sold 1/2 position 7-24-07 @ $6.40
stock had reverse stock split 1 for 2 to get nsadq listing.
current 12.20

ALUMINUM CP CHIN ADS (NYSE:ACH
purchased 1-18-07 @ $23.40
sold 1/2 8-4-07 @ $46.97
current 29.26

+++++++++++++++++++++++++++++
on current positions have also one addition

TPI
bought 5-25 @ 2.55
current 3.80

HIMX bought 4.15
currently 3.50

AOB purchased 9-6-07 @ $9.68
currently 5.44

WSP Holdings Ltd. (WH) bought 6-16-08 @ 7.60
currently 4.92
----------------------------------------------
a little on each holding

HIMX Still like this stock--it took pretty good hit last year and pecking its way back--they kept their div (current 8%) entire time which was good sign.

AOB This stock been an odd one have had for some time. Is the only phamacutical stock I've owned from China that has been loser so far--oddest thing is Motley fool picked up on this stock bout year after intial purchase and been blowing its horn on monthly basis and stock continues to decline. On paper still looks solid to me and will continue to hold.

WH This stock took big hit and was down to $2 and change--has clawed its way back and paid 1st div June of this year (6% annual rate)
I still like this stock which sells materials for gas and oil exploration especially since div and they still have 0 debt--however one scarey factor--is stock was under its 200 day moving ave 4.62 for some time and that is generally not good and one of my rules I went against by not selling--so will be curious how this one turns out in particular.
++++++++++++++++++++++++++++++

Here are some stocks not officially in portfolio to take a peek at--own some and have others on watch list-
FEED
SDTH
APWR
NEP
CSKI
OPAI
LPIH
CCGY

Thanks

selkirk · Sep 18, 2009

time does fly DTB, great record, especially the lack of a stock that blows up.

1. picked value and growth, earnings, free cash flow and dividends.

2. also many of these stocks were overlooked, and some still are....

will post some we have in Canada, most of the China listings have a resource theme.
there is a drug company from China had a great run since dec. will try to get the ticker.

thanks
selkirk

DOGS THAT BARK · Sep 21, 2009

Certainly would appreciate heads up on drug stock Kirk.

adding a coal stock today. PUDZ.OB should have been a little quickers as had $1 gain on Friday after news it would be listed on AMEX. (below)
Bought early @ 5.50 has since regressed to 5.40
<TABLE><TBODY><TR><TD class=symb-td>

</TD><TD></TD><TD class=price-td></TD></TR></TBODY></TABLE>
Had another I like as well if not better SHZH.OB but despite being based in U.S. not sure about accuracy of stats--yaho has their EPS @ $2.30 on a $7 stock ? Also opted for PUDZ as like being able to set stops.

TAIYUAN, China, Sept. 18 /PRNewswire-Asia-FirstCall/ -- Puda Coal, Inc. (OTC Bulletin Board: Pudz "Puda Coal" or the "Company"), a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced that the Company received approval to list its common stock on NYSE Amex.
Puda Coal expects to begin trading on NYSE Amex on Tuesday, September 22, 2009, until which time its shares will continue to trade on the Over-The-Counter (OTC) Bulletin Board. In connection with the listing on NYSE Amex, the stock symbol for Puda Coal will change to "PUDA" from "PUDZ".

selkirk · Sep 23, 2009

DTB my mistake there is a drug stock but have a hard time tracking it down, this is also one, was going to mention.

FUQI there in jewelry business, they make it, and then sell it, on the wholesale level, and their were getting in at the retail level.

two fund managers mentioned them, bought some in the spring, and though did really well, sold out 75% of my position...never thought it would hit this high....
have a very small position...would probably add to it on a pullback...but stated the same thing to someone in my shareclub when it was trading at 25.

know very little, other than it was making a strong move.

you may have mentioned it before.

reason for the edit, forgot to post the symbol,...lol.

thanks
selkirk

DOGS THAT BARK · Oct 27, 2009

DOGS THAT BARK said:
Certainly would appreciate heads up on drug stock Kirk.

adding a coal stock today. PUDZ.OB should have been a little quickers as had $1 gain on Friday after news it would be listed on AMEX. (below)
Bought early @ 5.50 has since regressed to 5.40
<TABLE><TBODY><TR><TD class=symb-td>

</TD><TD></TD><TD class=price-td></TD></TR></TBODY></TABLE>
Had another I like as well if not better SHZH.OB but despite being based in U.S. not sure about accuracy of stats--yaho has their EPS @ $2.30 on a $7 stock ? Also opted for PUDZ as like being able to set stops.

TAIYUAN, China, Sept. 18 /PRNewswire-Asia-FirstCall/ -- Puda Coal, Inc. (OTC Bulletin Board: Pudz "Puda Coal" or the "Company"), a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced that the Company received approval to list its common stock on NYSE Amex.
Puda Coal expects to begin trading on NYSE Amex on Tuesday, September 22, 2009, until which time its shares will continue to trade on the Over-The-Counter (OTC) Bulletin Board. In connection with the listing on NYSE Amex, the stock symbol for Puda Coal will change to "PUDA" from "PUDZ".

++++++++++++++++++++++++++++++
Just noticed this stock sold on stop loss today-
Your order to sell 1000 of PUDA has been executed at $6.7500. Reference Number
Hated to sell it but pretty heavy in china coal and didn't want to come away with nothing.

(closed @ 6.85)

DOGS THAT BARK · Apr 4, 2010

Been while--have not put one up in a while as have played most very modest priced stocks and been reluctant to put them up because of price.
--but here goes on one--it has all the ingredients that have made a few others have some hefty returns.

Csgj.ob currently .88 a share

How does a guy like an .88 cent stock?

To begin with it earned $4 a share in 09 giving it a trailing PE ave of 0.20 (no typo)

Have been watching this stock a while and deciding factor to make me go now is their announcing they hired U.S CFO-auditor and legal firm--which equates to intent to go public.
Would anticipate a reverse stock split and nasdaq listing within 6 months.--

some more fundamentals-free etrade

KEY STATISTICS

Shareholder Equity

<TABLE><TBODY><TR class=solidMed><TD class=nowrap>Shares Outstanding</TD><TD class=right>27.0 M</TD></TR><TR class=solidMed><TD class=nowrap>Institutional Ownership</TD><TD class=right>--</TD></TR><TR class=solidMed><TD class=nowrap>Number of Floating Shares</TD><TD class=right>22.0 M</TD></TR><TR class=solidMed><TD class=nowrap>Short Interest as % of Float</TD><TD class=right>--</TD></TR></TBODY></TABLE>

Financial Strength (MRQ)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Quick Ratio</TD><TD class=right width=70 noWrap>1.19x</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Current Ratio</TD><TD class=right width=70 noWrap>2.48x</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Debt/Equity</TD><TD class=right width=70 noWrap>0.03x</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Debt/Assets</TD><TD class=right width=70 noWrap>0.02x</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR></TBODY></TABLE>CSGJ's debt to equity ratio indicates that it has been less aggressive with using debt to finance growth than 96% of its peers in the Construction - Raw Materials industry. The resultant effect on earnings would be less volatile than related companies.

Valuation (MRQ)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Price/Earnings (TTM)</TD><TD class=right width=70 noWrap>0.22x</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Price/Sales (TTM)</TD><TD class=right width=70 noWrap>0.29x</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Price/Book</TD><TD class=right width=70 noWrap>0.67x</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Price/Cash Flow</TD><TD class=right width=70 noWrap>4.51x</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR></TBODY></TABLE>CSGJ's P/E Ratio is lower than 87% of other companies in the Construction - Raw Materials industry. This typically means that investors are willing to pay less for its level of earnings relative to future growth.

Profitability (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Gross Margin</TD><TD class=right width=70 noWrap>14.07%</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Operating Margin</TD><TD class=right width=70 noWrap>38.15%</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>EBITDA Margin</TD><TD class=right width=70 noWrap>38.74%</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Profit Margin</TD><TD class=right width=70 noWrap>34.07%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR></TBODY></TABLE>CSGJ's Gross Margin is less than 66% of other companies in the Construction - Raw Materials industry, which means it has less cash to spend on business operations as compared to its peers. As indicated by the Operating Margin, CSGJ controls its costs and expenses better than 100% of its peers.

Management Effectiveness (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Return on Assets</TD><TD class=right width=70 noWrap>65.09%</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Return on Equity</TD><TD class=right width=70 noWrap>120.08%</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Return on Inves. Capital</TD><TD class=right width=70 noWrap>107.06%</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR></TBODY></TABLE>The Return on Equity for CSGJ shows that it is able to reinvest its earnings more efficiently than 100% of its competitors in the Construction - Raw Materials industry. Typically, companies that have higher return on equity values are more attractive to investors.

Growth Rate (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Earnings Per Share</TD><TD class=right width=70 noWrap>632.7</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Sales</TD><TD class=right width=70 noWrap>59.7</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Dividend (MRQ)</TD><TD class=right width=70 noWrap>--</TD><TD class=quintileCell width=95 noWrap></TD></TR></TBODY></TABLE>CSGJ's EPS Growth Rate is greater than 97% of its peers in the Construction - Raw Materials industry.

Dividend (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Dividend Yield</TD><TD class=right width=70 noWrap>--</TD><TD class=quintileCell width=95 noWrap></TD></TR><TR class="solidMed "><TD width=176>Payout Ratio</TD><TD class=right width=70 noWrap>0.00%</TD><TD class=quintileCell width=95 noWrap></TD></TR><TR class="solidMed "><TD width=176>Annual Dividend</TD><TD class=right width=70 noWrap>0.00</TD><TD class=quintileCell width=95 noWrap></TD></TR></TBODY></TABLE>The average dividend yield for companies in the Construction - Raw Materials industry is 1.89%.

Operating Ratios (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Asset Turnover</TD><TD class=right width=70 noWrap>1.91%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Inventory Turnover</TD><TD class=right width=70 noWrap>5.21%</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Receivables Turnover</TD><TD class=right width=70 noWrap>17.16%</TD><TD class=quintileCell width=95 noWrap>http://javascript<b></b>:void(0);

</TD></TR><TR class="solidMed "><TD width=176>Effective Tax Rate</TD><TD class=right width=70 noWrap>7.01%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR></TBODY></TABLE>These ratios give an indicator of efficiency (ability to move inventory and generate sales) within a company, particularly ones with tangible goods (i.e. automotive, computer hardware) as compared to its peers.

Company Officers

<TABLE><TBODY><TR class=solidMed><TD class=nowrap>Chairman</TD><TD class=right>Wenji Song</TD></TR><TR class=solidMed><TD class=nowrap>Director</TD><TD class=right>Bo Wu</TD></TR><TR class=solidMed><TD class=nowrap>Director</TD><TD class=right>Jun Song</TD></TR><TR class=solidMed><TD class=nowrap>Chief Executive Officer</TD><TD class=right>Jun Song</TD></TR><TR class=solidMed><TD class=nowrap>Chief Financial Officer</TD><TD class=right>Michelle Zhu</TD></TR><TR class=solidMed><TD class=nowrap>President</TD><TD class=right>Wenji Song</TD></TR><TR class=solidMed><TD class=nowrap>Secretary</TD><TD class=right>Bo Wu</TD></TR><TR class=solidMed><TD class=nowrap>Vice President</TD><TD class=right>Linxin Cui</TD></TR></TBODY></TABLE>

Company Contact

<TABLE><TBODY><TR class=solidMed><TD class=nowrap>Employees</TD><TD class=right>689</TD></TR><TR class=solidMed><TD class=nowrap>Headquarters</TD><TD class=right>221 Linglong Road
265400 Zhaoyuan
CHN

</TD></TR><TR class=solidMed><TD class=nowrap>Phone</TD><TD class=right>535-821-3217</TD></TR><TR class=solidMed><TD class=nowrap>Fax</TD><TD class=right></TD></TR><TR class=solidMed><TD colSpan=2>Web Address
http://www.shuangjicement.com/

</TD></TR></TBODY></TABLE>

DOGS THAT BARK · Sep 19, 2010

Friday was 7th year anniversary of thread and sorry for not much updating as not much to update.
Have not felt good about market in general since end of 08 and looking back have only had 4 stocks added since then.

Did a buy half sell half on YZC bought 6.66--sold 1/2 @ 13.72 (now 21.90)

Bought TPI @ 2.55 now 2.80

Bought PUDA @ 5.50 sold on stop loss 6.75

bought CSGJ.ob @ .88 currently .56

While the above seem ok -overall market has been nothing to write home about. Have several of these sell half when double in the kitty that as of today would have been better selling all on about 70%. Is easy to think nothing invested but in reality it is still losing money. However I still like chances of rebound in future.

All chinese stocks in this thread are tied to China homeland economy and none export related to any degree.

I have been trading several chinese stocks not listed here but have been wary to recommend them as market past 2 years has been horse of diff color. Seems company profits or growth are 2ndary to which way U.S. market moves.

example on one stock
SEATTLE, Sept. 9, 2010 (GLOBE NEWSWIRE) -- L & L Energy, Inc., /quotes/comstock/15*!llen/quotes/nls/llen (LLEN 7.69, -0.11, -1.41%) ("L&L" or the "Company"), a U.S- based company operating coal businesses in China, today announced financial results for its first fiscal quarter ended July 31, 2010. The Company generated $55.3 million in sales for the first quarter, representing 395% growth over the same period in fiscal 2010. Net income in the first quarter totaled $10.9 million, an increase of 306% from the prior-year period.
Hopefully major markets will get straighten out or lose their influence on other markets in near fulture.
++++++++++++++++++++++++++++++

Profits -PE-Cash flow-PEG ratios appear to mean little past couple of years--but can't see that continuing.

Also there has been short sellers assailing Chinese stocks with hyped reports--then attorneys climb on thinking there might be something--by time the dust clears and firms are given green light--the damage has already been done.
While this might be bad in short run it could be beneficial long run--as recently CHNG when questionable aticle came out on their accounting they immediately hired Ernest and Young and that was end of story. Hopefully more companies will go this route and alleviate some warrented anxiety on chinese accounting.

I had planned to head for China this November but had to put on hold. Wife starting teaching Zumba (a form of aerobics) at the University here in addition to regular job--and doesn't want to take 2 weeks off after just getting job.
So will have to see what develops.

Here are a few chinese stocks I currently own or looking at that is not on list of recommendations but have had some solid #'s

CSGH-CHOP-NEWN-NEP-BSPM-LLEN-SORL-LPH-TRIT

Will be some key developements in next few months--hopefully can get back in attack mode on Chinese stocks--as their economy has been firing pretty steadily as have our brothers up north (Canada)

selkirk · Sep 20, 2010

there is no doubt that the resource sector in Canada has been booming and much of the demand has come from China.

it is amazing how much things have changed. in the past the lumber business would still be on its back, because of the weak, slow, pick the word US housing market (new starts), however in BC most of the lumber in not being shipped to US but China. also there is a pipeline being proposed to go from the oil sands to the west coast to ship oil, it is a good idea just in case the US wants to put a tax on the oil or a levy then it can just be shipped to china, always better to have two customers than one.

good luck on your trip,

thanks
selkirk

DOGS THAT BARK · Feb 26, 2011

http://www.fixyou.co.uk/tracker_auditors.php

Found an interesting link above.

As most know there has been a lot hoopla on Chinese stocks and fraud (mostly cooked books) causing huge fluxuations in prices. Some reports are correct some not but originated by short sellers.

Link above list the auditors of most Chinese listed stocks in U.S. so we can get better perspective of accuracy on their accounting.

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