ohne jeden Kommentar bzw. jedes Statement zu ernst zu nehmen: - man nehme den Frankfurter Börsenbrief vom 4.11.06, Seite 7, sinnegmäße Zusammenfassung: "Nine Dragons Paper ist global derzeit das Beste...."
Meine Meinung dazu ist jedenfalls, dass wir hier langfristig enormes Potential haben, man denke an die China-Story, an die Wachstumsfantasie der Firma, an das Management.
und schließt heute dort mit bid/ask 14,20/14,24, was mit aktuellem kurs eur/hk-$ einen ?-kurs von 1,40/1,41 ergeben müsste. kurs aktuell in frankfurt jedoch 1,34. werde dies nützen, um meinen 10 TS stk. sogleich neue hinzuzufügen und nachzukaufen, da ich nach wie vor überzeugt bin, dass wir hier eine tolle wachstumsstory haben und sich das auch im kurs niederschlagen wird. good trades, axl rose
: Nine Paper HK Schluss +1%, 69% mehr Einnahmen
Earnings of Nine Dragons Paper (2689) increased 69% yoy and 16% hoh to RMB948mn for the six months ended 31 December 2006, which was in-line market expectation. During the interim period, turnover grew 12% hoh from RMB3,774mn to RMB4,638mn and gross margin improved from 25.0% in 2H FY06 to 26.0% in 1H FY07. According to IBES estimates, the counter is trading at prospective PERs of 34x in FY07 and 23x in FY08 with EPS growth of 11% and 48% respectively. We believe strong interim results should have been fully discounted in share price which has gone up 20% month-to-date. We rate it a HOLD. On the other hand, Lee & Man Paper (2314), which is trading at a prospective PER of 18x in FY08, looks cheap with projected EPS growth of 30% in FY07 a
: Nine Dragons plant der Welt grösste Kartonage hers
Nine Dragons stock slumps 9pc despite stellar first-half showing
Wednesday, February 14, 2007
Despite the company reporting a 69 percent jump in first-half net profit, shares of Nine Dragons Paper (Holdings) (2689), the mainland's largest containerboard maker, fell 9percent Tuesday, swept along by the outflow of funds from the Hong Kong market.
Dongguan-based Nine Dragons - controlled by China's richest woman Cheung Yan - announced its net profit for the six months ended December 31 was 948.1 million yuan (HK$955.2 million), up from 560.2 million yuan the previous year.
Sales volume of paperboard products climbed 23 percent to 1.6 million tonnes, boosting its sales to 4.64 billion yuan, up 23 percent from 3.77 billion yuan.
A dividend of 0.016 yuan per share was declared.
The company attributed its strong first-half performance to rising demand and improving margins, with gross profit margin widening to 26 percent from 22 percent due to optimization of machinery and benefits from economies of scale.
Cheung told a Hong Kong press conference the company plans to increase its annual capacity by 19 percent to 5.35 million tonnes from the existing 4.5 million tonnes by the end of June 2007, followed by another 49 percent hike to 7.75 million tonnes by mid- 2008.
"We aim to raise the annual capacity of our four plants to not less than three million tonnes each" Cheung said.
The company has earmarked 3.5 billion yuan and 5.5 billion yuan for capital investment in fiscal 2007 and 2008, according to chief financial officer Waltery Law.
Nine Dragons operates one plant in Dongguan and another in Taicang, in eastern Jiangsu province, with annual capacity of 2.85 million and 1.65 million tonnes, respectively. The third plant, located in Chongqing, is expected to start operating by mid-2008.
The company expects to decide on its fourth production base, at an undisclosed location in northern China, later this year.
It also plans set up production bases in other Asian countries, along with exploring globally opportunities in the competitive upstream pulp business.
Cheung said Nine Dragons intends to become the world's largest packaging paperboard manufacturer in three years.
Its shares closed Tuesday at HK$15.96, down HK$1.58.
Nine Dragons Weak Results Likely Priced In Already
Nine Dragons Paper (2689.HK), with stock down 8.9% midday at HK$9.75 and down a whopping 51% year-to-date, likely to have sufficiently priced in significantly lower earnings growth. 1H net profit only +11% on-year at CNY1.056 billion, 36% of full-year earnings estimates of CNY2.955 billion pegged by Thomson. Earnings shortfall likely mainly due to surging costs; gross profit margin fell to 23.6% vs 26.0% year ago on rising operating, raw material costs, thus offsetting 44% jump in sales to CNY6.69 billion. Stock hasn't traded below HK$10 since November 2006; Volume modest at HK$49 million.
HK-listed Nine Dragons H1 net 1.06 bln yuan, up 11.4 pct on business growth
Nine Dragons Paper (Holdings) Ltd said its net profit for the first half to December came in at 1.06 bln yuan, up 11.4 pct from 948.1a year earlier, mainly due to increased sales volume and higher selling prices.
Revenue for the six-month period rose 44.2 pct to 6.69 bln yuan from 4.64 bln a year earlier.
The major contributor to its revenue remains its paper business, which accounted for 97.8 pct of the total revenue, with the remaining sales revenue generated from its pulp business.
Paper sales revenue for the period surged 45.6 pct year-on-year due to increased sales volume and average selling price of its paperboard packaging products. It increased by 30.6 pct to approximately 2.1 mln tonnes from 1.6 mln tonnes a year earlier.
For the period, domestic sales represented 57.7 pct of its total sales, against 59.0 pct a year earlier.
Shares of Nine Dragons were down 0.95 hkd or 8.88 pct to close the morning session at 9.75 hkd.
Nine Dragons Paper übernimmt vietnamesischen Hersteller
Hongkong 06.05.08 (www.emfis.com) Die Nine Dragons Paper Holdings, der größte Papierhersteller Chinas, gab heute bekannt, dass man einen Anteil von 60 Prozent an der vietnamesischen Papierfabrik Cheng Yang Paper Mill Co übernehmen werde. Die Nine Dragons Paper wird dafür 22,8 Mio. USD zahlen.
Die Cheng Yang produziert jährlich rund 100.000 Tonnen Papier und Karton. Im nächsten Jahr sollen weitere 400.000 Tonnen Kapazität hinzukommen.