China stocks

[djv]

DTB my friends back home and knows nothing of this stock. Funny how so many who work at ASD know zero. He does know they still can only ship inside China from those two plants. If they ever get to go outside. I would say upside would be great. I will keep following and try to get threw to one of my old V P's. He or someone at his level should now more. But getting any of there time once you retire is not so easy.

 

[DOGS THAT BARK]

Thanks DJV--still watching it but stock hasn't moved and still no bid or ask offered.

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 - 11/30/06
Avg Volume (10 days) 2,000
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


OTC Delayed Quote
Last Trade as of November 30, 2006

 

[DOGS THAT BARK]

year ending update

PTR
bought @ $39.79 current 132.90
234% gain current div 3.8%
Note: Have not made the entire profit as sold twice on stop losses of 50 and 110 and bought back @ 60.66 and 114 respectively

MAPTX A china mutual fund
bought @ 11.42 currently 23.08
102% gain--
Note now closed to investors but have recently opened new fund I like MAPIX I will be putting wife in after 1st of year.

Tsingtao Brewery Co Ltd (TSGTY.PK)
bought 8.60 current 16.30
89.53 gain 1.43 div
Note: Anheiser Busch has 27% stake in company-
had very uncharacteristic- one day $2 gain- last week and can't find out why???


Denway Motors Ltd (DENMF.PK)
bought .62 split 2-1
currently .42 up
35.48% gain pays .34 div
Note: Sold 1/2 my position on this recently--thought ties with Honda would make this stock jump--been waiting 2 years and to no avail.

China Unicom Ltd (CHU)
bought 8.01 current 13.56
gain 59%
Note:sold 2-14-0 @ 8.55 for 6.74 gain and never bought back--bad move


American Standard Company Inc (ASD)
bought 83.65 - 3 for one split-current 45
62% gain pays 1.6% div


Cheung Kong Infrastructure Holdings Ltd (CKISF.PK)
bought 2.12 current 3.15
45% gain pays div 4.03%
Note: Still the mystery stock of group--can find little on it and stock price moves only few times a year?

lngvy.pk @ 6.15 a share bought 10-13-04
currently 7.95 up 27.64 %
Note: only stock to regress from last report(8.52)
--will sell if it goes to 7.50

ABB LTD ($12.71/share)7-06
currently 17.84 up 42 % plus div
Note: 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.


Have another Stock I purchased recently but forgot to put up.
CHNG >CHINA NATURAL GAS
I purchased @ 3.15 and is currently 3.01 so since at deficeit from time I bought I will add to list now.

I like this stock mainly because of recent ties to China Petro.

Will wait till end of 07 for next report but will update any purchurses or sales.

--a safe holiday season and most prosperous New Year to all.

 

[selkirk]

great results, if I pick 7-8 stocks there is always one or two, that belong in the trash.

actually ussually harder to pick foreign stocks at least for myself, sometimes hard to understand the story. good thread.

thanks
selkirk

 

[DOGS THAT BARK]

oops forgot inclusion of one I added July of this year--ABB LTD- list now updated

 

[DOGS THAT BARK]

Made a couple changes yesterday--

I said above I would sell lngvy.pk if it dropped to $7.50 but sold yesterday at $8.30 and took the profits from purchase price of $6.15

Reason I sold is I found site I can pull more details on these stock and found this to have triple digit PE which is unheard of in China--so I bailed.

With proceeds purchased Aluminum Corp. of China Ltd. (ACH) @ $23.40

ALUMINUM CP CHIN ADS (NYSE:ACH) Delayed quote data

Last Trade: 23.26
Trade Time: 11:22AM ET
Change: 0.22 (0.95%)
Prev Close: 23.04
Open: 23.70
Bid: N/A
Ask: N/A
1y Target Est: 28.92

Day's Range: 23.08 - 23.70
52wk Range: 15.5275 - 27.90
Volume: 166,300
Avg Vol (3m): 602,897
Market Cap: 2.71B
P/E (ttm): 1.99
EPS (ttm): 11.70
Div & Yield: 3.04 (13.00%)


added note: Was commenting last month on
Tsingtao Brewery Co Ltd (TSGTY.PK) having $2 gain in one day--had same thing occur couple days ago--now @ $21 a share--and I still can't sniff out why:shrug:--but I'll take it.

 

[baby johnson]

dtb can I have some advice about PTR, it has regressed some to 121 and change. was up to 140 or so. had originally bought at 50, sold at 128, would like to know if now is the time to reinvest

thanks
aj

 

[DOGS THAT BARK]

I sure wouldn't know what to tell you--I have done poor job on trying to time it in past--and am now just holding it.

Per my poor timing go up a few threads to year ending report and you'll see what I mean-- Position on PTR sold twice on stop losses and had to buy back at higher cost both times.

I wish I knew what oil would be 6 months from now--I did buy another oil stock the other day
on premise I thought $50 would be about as cheap as oil would go--but only reason for thinking that is I can see lots of reasons for oil to up--but few for it to go down or remain @ $50---I'm guessing $60 oil as bench mark--but entirely a guess.

You made over 100% profit so if I had to get back in would bank intial investment and maybe re invest the profits.

 

[smurphy]

Hey - any of you China people invest in any of the Greater China Funds offered? I'm looking at them, and they seem to all have similar performance records over the last year. You think they're going to pull back much off the crazy 6 month run - or is now as good of a time as any? Any specific funds you like the most? Thanks...

 

[DOGS THAT BARK]

My Opinion Smurphy would not go with mutual fund that relies only on one country but diversifies between several.

Always scared of these little occurances like today--

HONG KONG (MarketWatch) - China's leading share index tumbled Wednesday, staging its biggest single-day decline since June, after a senior legislator warned that the market may be overheating after a stunning 130% gain in 2006.
http://www.marketwatch.com/news/sto...x?guid={6C39F1CD-6ADA-48C7-9496-D48988BBA4CB}

however still like China in long run---

Dooley might have some insight on Mutuals as he stays in tune with morning star.

If you run into anything interesting Smurph--would appreciate a heads up. Thanks

 

[s_dooley24]

Hey - any of you China people invest in any of the Greater China Funds offered? I'm looking at them, and they seem to all have similar performance records over the last year. You think they're going to pull back much off the crazy 6 month run - or is now as good of a time as any? Any specific funds you like the most? Thanks...

FXI and PGJ are two exclusive China ETFs

Would caution that Chinese stocks have obviously been on a tear and personally I'm wary of selecting investments at the top of 1-3 yr returns. Just believe the risk premium is too high. Not to say that all Chinese stocks are over-valued, DTB has done very nicely picking his spots.

Personally I would not invest much more then 5% of my portfolio in a single country fund (excluding US, Japan, and Western Europe). Regionally is a little different I have 5% in Latin America and 5% in SE Asia (fidelity funds FLATX and FSEAX), but that is 401k and a very long time horizon. So, volatility is expected and can be absorbed.

 

[smurphy]

Thanks DTB and Dooley. I'm holding off on the fund for now - reports are echoing your cautions. Most of China seems overbought right now.

I did buy EWS (Singapore) and that's doing well. And I bought CHL (China Mobile). I think China Mobile is probably more stable than others.

Following the solar, wind, and coal-to-liquid companies in China. Ultimately, there should be a great spot with those - I just don't know when.

Any suggestions in Latin America? It seems like Brazil still has a lot more potential.

 

[s_dooley24]

Any suggestions in Latin America? It seems like Brazil still has a lot more potential.

I owned the Latin American ETF ILF which is the 40 largest companies down there. Sold the beginning of the year did pretty well on it just very volatile.

As for individual stock a telecom in Brazil I have been looking at is TNE, nice yield.

 

[djv]

i'm still in RIO been a good play on Brazil and other.

 

[DOGS THAT BARK]

Put in sell order today on--
TSINGTAO BREWERY LTD (Other OTC:TSGTY.PK)

Was one of intial purchases($8.60) of China Stocks and had unexpected rise of $2 twice in 2 week period--could never find out why--however has lost little over $2 of that gain and mentally had set price if it fell below $18 would sell. Put in order today--currently $17.75--will update tomorrow on price sold.

will take proceeds and add to ALUMINUM CP CHIN ADS (NYSE:ACH) position
-- initial purchase was noted in thread here on
1-18-07 and purchased at $23.40---currently $27.16 and pays 11.5% dividend.
++++++++++++++++++++++++++++++

Wow got a bonus--must havr went up after hours TSGTY.PK sold @ 18.20

 

[smurphy]

Bought JASO, JA Solar Co. last week. It's up a little. Kept hesitating on Trina Solar (TSL), which has moved up a lot lately. Treading with caution, but there is so much potential with these solar compaines in China.

Added EWA (Australia) and EWZ (Brazil) index funds. Don't see any reason for them to slowdown for a while.

....Nice job on the brewery, DTB!

 

[DOGS THAT BARK]

Smurph

Heres a stock I have that you might be interested in--had noted at inception of thread I could not find much about it and stock price only moves about once every 3 months but has always been a tick up. Found MUCH more about this stock recently--
http://www.cki.com.hk/english/investor/financial_summary/index.htm

---and looks much better now per above link--
You won't find anything on it in U.S. financiasl--yet
--price today 3.80/share (bought initially 2.12) and pays 3.5 % div
symbol is CKISF.PK

going to be pretty heafty sell off today--might wait a day or 2 and add to some positions.

 

[DOGS THAT BARK]

ABB sold on $16.00 stop loss @ $15.94 this morning--was purchased @ $12.71

Will take the modest gain--doubt if I buy back as div has declined of late.

 

[DOGS THAT BARK]

Earnings out on China Natural Gas today.This stock has been puzzler to me as I believe the only China stock I am currently on negative side-buying at around $2.50 --have had high hopes for this one especially with ties to China Petro--maybe earnings report will give it a boost--

Would like to note that stock has increase about 30 cents in last 5 days--so most of sizzle on anticipated 4th quarter results is probably gone.
+++++++++++++++++++++++++++++++

China Natural Gas Announces Fourth Quarter and Full Year 2006 Financial Results
Tuesday April 17, 6:03 pm ET


NEW YORK, April 17 /PRNewswire-FirstCall/ -- China Natural Gas, Inc. (OTC Bulletin Board: CHNG - News), one of the leading providers of pipeline natural gas for industrial, commercial and residential use and compressed natural gas (CNG) for vehicular fuel in Xi'an, China, today announced its fourth quarter and full year financial results for the fiscal year ended December 31, 2006.

Financial Highlights for the Fourth Quarter 2006:
-- Revenue increased 218% to $6.8 million, driven by the construction of
an additional 14 CNG filling stations in the Xian area in 2006 and
continued growth of pipeline customers;
-- Gross profit up 189% to $3.3 million;
-- Income from operations increased 286% to $2.3 million;
-- Net income increased 271% to $2.1 million; and
-- Net income per diluted share increased 304% to $0.08 per share.

"We are very pleased with our performance through the fourth quarter of 2006, which exceeded our expectations by all measures," stated Mr. Qinan Ji, Chairman and CEO of China Natural Gas.


Financial Highlights for Fiscal Year 2006:
-- Revenues increased 288% to $18.8 million;
-- Gross profit grew 272% to $9.1 million;
-- Income from operations increased 343% to $6.5 million; and
-- Net income increased 310% to $6.1 million or $0.23 per share.

"We made great progress expanding our business in 2006, ending the year with seventeen CNG filling stations and 75,000 residential, commercial and industrial pipeline customers. I'd like to thank all of our employees for their outstanding effort," said Mr. Qinan Ji, Chairman and CEO of China Natural Gas. "As the sole authorized provider of pipeline natural gas to customers in our service area, and with 15 new company-owned filling stations slated to begin construction by the end of 2007, we are truly in a unique and enviable competitive position."

Revenue for fiscal year 2006 increased 288% to $18.8 million from $4.9 million for fiscal year 2005. The sharp increase in revenue was due primarily to the contribution of 14 newly constructed CNG filling stations during 2006 and a material increase in the number of residential, industrial and commercial pipeline customers compared to 2005. Revenue from sales of natural gas increased 713% to $13.7 million from $1.7 million in the prior year. Construction and installation revenue increased 62% to $5.1 million from $3.2 million in the fiscal year 2005.

Gross profit for fiscal year 2006 increased 272% to $9.1 million from $2.5 million in 2005. Gross margin decreased 200 basis points to 48.4% from 50.4% in the year 2005, reflecting the significant increase in revenues generated from company-owned CNG filling stations, which generate a lower gross margin than installation and construction revenue. While the Company's overall gross margin declined year over year, gross margin for sales of natural gas, excluding construction and installation revenue, increased to 44.1% from 23.3% in the prior year. Management believes that sales of CNG through its filling stations provide the best opportunity for future revenue and profit growth.

Operating expenses in fiscal year 2006 increased 166% to $2.6 million from $1.0 million, reflecting the construction and operation of 14 new natural gas filling stations during the year, as well as continued expenses related to the identification of future natural gas filling station locations and costs associated with the government licensing and approval process. As a percent of revenue, operating expenses decreased to 13.8% in 2006 from 20.1% in 2005. Operating income increased 343% to $6.5 million from $1.5 million. Operating margin increased substantially by 430 basis points to 34.6% compared to 30.3% in the prior year.

Net income for fiscal year 2006 increased 310% to $6.1 million, or $0.23 per share, compare to $1.5 million, or $0.08 per share, in the fiscal year 2005.

Balance Sheet

As of December 31, 2006, the Company had $5.3 million cash and cash equivalents on hand compared to $675,000 at December 31, 2005.

Fiscal Year 2007 Update

The Company expects to add up to 30,000 new pipeline customers by the end of 2007. Additionally, the Company expects to start construction of an additional 15 CNG filling stations through the remainder of the year.

About China Natural Gas, Inc.

China Natural Gas, Inc., ("CHNG"), is the first China-based natural gas company publicly traded in the US. It currently owns and operates a 120 kilometer long compressed natural gas pipeline in Xi'an, China, a fast growing Chinese city supported by a population of approximately eight 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.

This press release may contain forward-looking statements. These statements are based on the current expectations or beliefs of China Natural Gas, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the fluctuation of natural gas prices, the availability of natural gas supplies, changes in governmental regulations and/or economic policies.




CHINA NATURAL GAS, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
FOR THE THREE AND TWELVES MONTH PERIODS ENDED DECEMBER 31, 2006 AND
2005
(UNAUDITED)

For three Month Periods For the Twelve Month Periods
Ended December 31, Ended December 31,

2006 2005 2006 2005

Revenue
Natural gas
revenue $5,132,909 $622,137 $13,713,145 $1,687,154
Construction /
installation
revenue 1,670,193 1,514,520 5,115,645 3,163,545
Total
revenue 6,803,102 2,136,657 18,828,790 4,850,699
- -
Cost of revenue - -
Natural gas cost 2,800,858 463,058 7,663,060 1,293,585
Construction /
installation cost 686,115 525,680 2,054,940 1,110,452
3,486,973 988,738 9,718,000 2,404,037
- -
Gross profit 3,316,129 1,147,919 9,110,790 2,446,662
- -
Operating expenses - -
Selling expenses 384,504 175,503 1,308,464 474,855
General and
administrative
expenses 594,594 367,237 1,287,735 500,228
Total operating
expenses 979,098 542,740 2,596,199 975,083
- -
Income from
operations 2,337,031 605,179 6,514,591 1,471,579
- -
Non-operating
income(expense): - -
Interest income 33,847 1,237 41,109 2,131
Other income (expense) (68,839) (203) (79,021) (671)
Total
non-operating
income (expense) (34,992) 1,034 (37,912) 1,460
- -
Income
before
income tax 2,302,039 606,213 6,476,679 1,473,039

Income tax 392,579 90,932 1,025,584 220,956
- -
Net income 1,909,460 515,281 5,451,095 1,252,083

Other comprehensive
income
Foreign currency
translation
gain 318,848 228,175 610,705 228,175
- -
Comprehensive Income $2,228,308 $743,456 $6,061,800 $1,480,258
-
Weighted average
shares outstanding
Basic & diluted
weighted average
number of shares
outstanding 24,210,183 26,417,777 23,872,936 16,269,528

Earnings per share
Basic & diluted
earnings per share $0.08 $0.02 $0.23 $0.08

The accompanying notes are an integral part of these consolidated
financial statement
++++++++++++++++++++++++++++++
flip side here is article just out from stock guy @ Seeking Alpha--a china stock site. Have found site to be ok but would rate only a 5 on 1-10 scale.

China Natural Gas: Tempting Financials, Sketchy Shareholder Relations
Posted on Apr 18th, 2007 with stocks: CHNG.OB

Carlin Lee submits: China Natural Gas, Inc (CHNG.OB) is a company I have followed for some time. I have watched and owned this stock on and off over the last year. Most recently I sold my holdings as the company went into a three month PR hiatus. To me there are few things more frightening than an Over-The-Board Chinese company which fails to keep its share holders updated. The company?s silence coupled with the recent Bodisen Biotech inconsistencies convinced me to sell my holdings and run far away from this stealth Chinese based alternative energy company.

I however, have kept them on my radar primarily due to the company's phenomenal growth history. Although, a micro cap CHNG has demonstrated impressive revenue and profit growth over the last two years. The company also has a commanding position in the emerging Chinese compressed natural gas [CNG] industry. Due to restrictions on emissions and the rising cost of petroleum, the Chinese government has encouraged the use of CNG as an alternative for transportation fuel. The city of Xi'an(where the company operates) has approximately 20,000 Taxis, 3,000 buses and 2,000 special purpose vehicles that are powered by compressed natural gas.

CHNG is engaging in the transmission and distribution of natural gas to industrial, wholesale, commercial and residential customers. The company currently owns and operates 23 retail CNG fueling stations, a 120 kilometer long CNG pipeline and provides 75,000 residential, commercial and industrial customers with natural gas.

Despite my original intentions to avoid this company I have remained observant for some catalysis which could propel shares out of their current slump.

After the markets closed yesterday, the company filed its 10KSB Annual Report. Reading through the annual and the company's fourth quarter 2006 results once again remained me financially why this company is so attractive.

Financial Highlights for Fiscal Year 2006:

- Revenues increased 288% to $18.8 million;
- Gross profit grew 272% to $9.1 million;
- Income from operations increased 343% to $6.5 million.
- Net income increased 310% to $6.1 million or $0.23(ps).

As of December 31, 2006, the Company had $5.3 million cash on hand compared to $675,000 at December 31, 2005.

Fiscal Year 2007 Update:

-Add up to 30,000 new pipline users by the end of 2007.
-Start construction of 15 CNG filling stations through '07.
-Plans to construct an liquid natural gas [LNG] plant in Jinbiang, Shananxi province. With an estimated cost of $40 million and an expected for completion in June of '08.

 

[DOGS THAT BARK]

--a correction on above--stock was bought intially @ 3.15 -- bought wifes and added more to mine @ $2.50 later.
+++++++++++++++++++++++++++++++++++
--a little on another stock mentioned earlier CHWGE----China Water Group
This stock is currently @ 11 cents a share but not your typical penny stock--as it does have earnings and current PE of 3.49
Have been following and bought some at .11 several months ago--went down to 08. and has recently bounced back to .11

Have been looking for water treatment stock in China for years and while this certainly is not what I was looking for it is one few publically traded in that sector.

While little info has been available for this small fry-I noticed Reuters recently has expanded info.

Would like any info from others and especially Kirk after viewing financials.
http://stocks.us.reuters.com/stocks/overview.asp?symbol=CHWGE

The valuation vs industry sure looks good--
http://stocks.us.reuters.com/stocks/ratios.asp?symbol=CHWGE.OB&WTmodLOC=R2-Ratios-1-More

however the last quarter operating income being poor but net income after taxes being good--has me puzzeled.
http://stocks.us.reuters.com/stocks...mbol=CHWGE.OB&WTmodLOC=R4-Financials-1-Income

Would appreciate those savvy on reading financials
opinions on this stock.

Froms this dummies view its looks like it might be good risk/reward venture.