8jan2012-i post you all some past HILARIOUS ANAL-yst recommendations OF now suspended companies

1) http://www.forbes.com/lists/2007/24/markets_07bub_China-Sky-Chemical-Fibre_06P4.html
Asia's 200 Best Under A Billion


China Sky Chemical Fibre

09.27.07, 6:00 PM ET

China, textiles

Latest 12 Months

Sales Operating Income Net Income Market Value

$287 million $90 million $65 million $1,015 million





Latest 12 Months Valuation Three-Year Average

Price/Sales 3.5 Sales Growth 72%

EV/EBITDA 1 7 EPS Growth 62%

Price/Earnings 16

Debt/Equity 0 Return On Equity 40%



China Sky Chemical Fibre Co Ltd. The Group's principal activities are manufacturing chemical fibres, high-end nylon fibres, such as nylon Full Drawn Yarn and nylon High Oriented Yarn. The products are used by manufacturer of textiles and fabrics for making apparels such as high-end sportswear and casual wear, high-end lingerie and undergarments, jackets, pants and silk-like clothing. In addition to the applications in the textile and garment manufacturing industries, the products have also been applied by their customers for other commercial uses in the manufacture of home furnishing articles, such as curtains, table-cloth, upholstery and decorative materials, shoes, bags, luggage, umbrellas, tents, ribbons and nylon webbings. The Group operates in China.
All figures are in U.S. dollars.

Data as of September 7

NA: Not available; NM: Not meaningful.

1Enterprise value (market value of common plus net debt) divided by earnings before interest, taxes, depreciation and amortization.

Source: Worldscope via FactSet Research Systems; Forbes

2) Merrill's 'buy' call lifts China Sky 4.5%

 09 October 06 The Business Times by Jean Chua SHARES of China Sky Chemical Fibre went up 4.5 per cent after brokerage Merrill Lynch initiated coverage of the nylon-fibre maker on Friday with a target of $1.82, a 62.5 per cent upside on the current price.




The stock jumped seven cents to open at $1.19 on Friday as Merrill Lynch issued a 'Buy' recommendation on the company.



Analyst Eddy Loh said China Sky, which was trading at 6.3 times forward earnings at $1.12 the day before the report was issued, had a lot of room for growth as the market was vast.



'Nylon fibre consumption in China is expected to continue growing at more than 15 per cent per annum,' Mr Loh wrote.



'As the largest producer, China Sky is well positioned to outpace industry growth by grabbing market share from both foreign imports (sic) and domestic consumption.



'The fact that China still imports one-third of its nylon fibre requirements suggests there is more room for domestic producers such as China Sky to grow.'



China Sky's net profit inched up 3.2 per cent to 87.7 million yuan (S$ 17.6 million) in the second quarter, as revenue grew 4.7 per cent to 315.3 million yuan. Its gross profit stayed flat at 105 million yuan, but costs and expenses fell 39.6 per cent to 5.3 million yuan.



Mr Loh said that the Q2 results were 'disappointing' but on a full-year basis, it estimates that the company can make 490 million yuan on revenue of 1.78 billion yuan this year. Next year, it could make 634 million yuan on sales of 2.29 billion yuan.



Besides the growth of the industry, China Sky could acquire its competitors, which could help it break into new markets, Mr Loh said. 'These prospects have not been factored into our forecast.'



In fact, China Sky has already identified some potential acquisitions and may make an offer in 2007, Mr Loh said.



China Sky is now the largest nylon-fibre producer in China, after it added capacity in June, Mr Loh said. It also has a solid research and development team, and provides good technical support to its customers, the weavers.



The third quarter should be a good one for China Sky, when it may make 50-60 per cent more than it did in the same quarter last year.



There are risks, of course, to China Sky's growth. The company had been able to pass on some of the increase in raw material prices to its customers, but if nylon prices go too high, it might not be able to go on doing so.



Its plans to increase capacity will also mean that it will have negative free cash flow for financial years 2006-2007. 'As China Sky may acquire or invest in new capacities, there may be a risk that free cash flow remains negative for 2008-2009,' Mr Loh wrote.



The company had cash of 300 million yuan at the end of the second quarter.



Other risks include 'unexpected decline in selling prices, developments affecting nylon usage in China and execution failures'.

3)BROKER CALL - Singapore-listed China Sky 'buy' after Q1 results - Kim Eng


13 May 2008

Xinhua Newsfeed



SHANGHAI (XFN-ASIA) - Kim Eng Securities said it maintained its "buy" recommendation and target price of 2.21 sgd for China Sky Chemical Fibre Co, after the company's first quarter earnings fell in line with expectations.



The Singapore-listed company's earnings rose 16 pct to 163.4 mln yuan on higher revenue from increased capacity and lower operating expenses.



But compared to fourth quarter 2007 earnings, profit fell 8.8 pct on a 1.7 pct decrease in revenue.



"We reckon the weaker revenue could be due to seasonality while higher tax rates eroded earnings," Kim Eng said in a note to investors.



(1 usd = 7 yuan, 1.36 sgd)



shburo@xfn.com

4)China Sky, Fibrechem get 'buy' calls
25 October 06 The Business Times UOB-Kay Hian has issued 'buy' calls on chemical fibre manufacturers China Sky Chemical Fibre and Fibrechem Technologies, saying that the two companies are not direct competitors as they cater to different segments of a fast-growing market.




In a research report this month, analyst Chong Mean Phil said Fibrechem makes products such as nylon-polyester bi-component fibre and sea-island short fibre, while China Sky makes high-end products like nylon full drawn yarn (FDY) and nylon high oriented yarn (HOY).



'Nylon is a more expensive chemical fibre than polyester, in terms of both raw materials and products prices,' Mr Chong said. 'We see nylon as a niche product and polyester as a mass market product. Judging from the number of players in the market, the data suggest that the polyester market is a bigger but more competitive and fragmented market.'



'In addition, China is quite self-sufficient in polyester with imports at 2 per cent of domestic production level. In fact, China has become a net exporter of polyester for 2005 and 2006.'



This also means that China Sky is a market leader, with close to 10 per cent market share based on its annual production capacity of 72,000 tonnes. Fibrechem has less than one per cent market share and is just one of the many players in the polyester market, Mr Chong said.



However, Fibrechem is no longer making merely standard polyester fibre, and has moved into producing specialty nylon polyester bi-component fibre and synthetic leather, for which it is market leader.



Bi-component fibre makes up 35 per cent of Fibrechem's revenue, and synthetic leather, 24 per cent.



Mr Chong estimates that earnings per share of both China Sky and Fibrechem have a compound annual growth rate of 30-40 per cent. He said investors could see a higher return on equity for Fibrechem because of a more 'efficient capital structure'.



'This is due to the use of debt or convertibles, which has a lower cost compared to pure equity,' he said. 'China Sky relies solely on equity to fund its operations, and there is certainly room for capital management to achieve a more optimal capital structure.'



China Sky's ROE is seen at 33.4 per cent for 2006 and 31.7 per cent for 2007, while Fibrechem's is seen at 32.8 and 34.2 per cent, respectively.



For China Sky's ROE to improve, it needs to use a lower cost instrument or increase its dividend payout, Mr Chong said.



'Both China Sky and Fibrechem ... serve different markets for different products and, hence, are not in direct competition,' Mr Chong said. 'We believe that the respective market segments are big enough to accommodate these two companies and the opportunities therein are plentiful.'



UOB Kay Hian has a 12-month price target of $1.58 for China Sky and $2.02 for Fibrechem. The stocks closed at $1.28 and $1.62 respectively on Monday.

THEN SUDDENLY

SGX applies for court order on China Sky audit


04:47 AM Jan 07, 2012SINGAPORE - The Singapore Exchange (SGX) has applied for a court order to force textile manufacturer China Sky Chemical Fibre to appoint a special auditor.



The application was made against China Sky and its directors after the S-chip company on Thursday missed a deadline set by the SGX to appoint a special auditor to investigate certain transactions.



"Despite every opportunity offered, China Sky persists in its non-compliance with the directive. SGX, has therefore, escalated the matter to the High Court," the bourse operator said late yesterday.



The SGX had directed China Sky in November to appoint a special auditor to investigate certain financial dealings, including a failed land deal and repairs and maintenance costs.



But in a rare display of defiance by a listed company, China Sky said such a move was unwarranted and that the SGX had not provided the justification for issuing the directive.



The SGX then gave China Sky a final deadline to comply with its directive by Thursday, with the backing of the Monetary Authority of Singapore.



The SGX said in its statement that it has also applied to the High Court to get China Sky to appoint at least two independent directors to replace those who had resigned on Thursday.







MY COMMENTS:--MUCH MORE,JUST GOOGLE AND U WILL FIND MUCH MORE COCK FUCKAMENTALS.I JUST BASED ON ONE LOGIC:IF THESE COMPANIES ARE SO GOOD AS THEY CLAIMED,WHY CANT THEY LIST IN THEIR OWN HOMELAND 1ST BEFORE GOING OVERSEAS??????

ONE SIMPLE QUESTION FROM A THEN 27YEAR OLD MAN,ME, IN 2006 ENABLED ME TO HAVE SUCH VISION THAT I DONT NEED TO WAIT FOR CRISES THEN I WAKE UP.BY THEN IT WILL BE TOO LATE.WHY MATURE ADULTS,MANY ARE MUCH OLDER THAN ME,DONT HAVE THE VISION????????????????????????????????

PLEASE DO QUIT THE STOCKMARKET IF YOU MUST WAIT FOR THINGS TO HAPPEN THEN U SEE THRU.THE STOCKMARKET ISNT FOR YOU.I AM AN ACTIVE TRADER FOR 9YEARS,YET I HAVE NOT EVEN BEEN HIT BY ONE SUSPENDED COMPANY YET NONE FULLTIME TRADERS CAN GET HIT BY NOT ONE,NOT TWO,SOME PEOPLE I KNOW GET HIT BY AT LEAST 5 SUSPENDED COMPANIES.

JUST ASK YOURSELVES WHY.INNOCENT PEOPLE SHOULD NOT ENTER THE STOCKMARKET.INNOCENT PEOPLE WHO BELIEVED THE WORLD BEHAVE TO UNIVERSITY ECONOMIC MODELS,FUCKA-FUNDAMENTALS P/E,DCF VALUATION MODELS,BLAH BLAH SHOULD NOT ENTER THE STOCKMARKET TOO.I AM ABLE TO SURVIVE FOR 9YEARS IN THE TREACHEROUS STOCKMARKET,YET I REMAIN UNSCATHED.LOSE MONEY YES,BUT NOT BECOME ZERO.

I ALSO BOUGHT BEFORE MANY NOW SUSPENDED COMPANIES DURING 2006-2009,WHY I WAS NEVER HIT???????BECAUSE I KNOW THESE CON-PANIES YOU CANT HOLD THEM FOR LONGTERM INVESTING.

I,A 27YEAR OLD GUY IN 2006 EVEN CAN SEE THRU BEFORE ALL THE S-CHIP SCANDALS CAME OUT AFTER 2008.

IF SHARESWIZARD CAN HAVE SUCH VISION,SO CAN YOU.

THANK YOU