Ft Cesg Discussion Threads

[matt] 15/8/2008 09:20

I guess no one went to the AGM ;)

The Annual General Meeting will be held at 7th Floor, Information Mansion, No. 28 Xinxi Road, Shangdi, Haidian District, Beijing, China on Friday 15th August 2008 at 10.00am.

[arthurly] 15/8/2008 08:40

I'm sure there are psychiatrists who may be capable of treating your medical condition PP. I think you should see one.

[masurenguy] 15/8/2008 07:24

China Stocks Advance as Inflation Concern Eases; Ping An Rises
By Zhang Shidong and Chua Kong Ho

Aug. 15 (Bloomberg) China's stocks rose, led by financial companies, as a third weekly slump prompted some investors to buy shares at their cheapest in almost 2 1/2 years and lower oil prices eased concern that inflation will climb. Ping An Insurance Co., China's second-biggest insurer, and China Merchants Bank Co. led the advance. Panzhihua New Steel & Vanadium Co. jumped by the 10% daily limit after a bigger rival bought a stake in the company.

The CSI 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, rose 23.69, or 1%, to 2,467.21 as of 2 p.m. local time, trimming its weekly loss to 4.8%. The gauge is valued at 18 times reported earnings, the lowest since March 2006, according to data compiled by Bloomberg. "Valuations now look extremely attractive to medium-term investors with a two- to three-year view," Geoff Lewis, the Hong Kong-based head of investment services at JF Asset Management Ltd., which oversees $110 billion, told Bloomberg Television. "So far, the economy is headed for a soft landing and earnings reports have on the whole been satisfactory." Merchants Bank on July 4 said first-half profit may have more than doubled as the company extended more loans. It's scheduled to report the earnings on Aug. 19.

China's benchmark index has tumbled 54% this year, the most among 88 global measures tracked by Bloomberg, on concern government measures to cool inflation will damp earnings. The gauge's 14-day relative strength index, showing how rapidly prices have advanced or dropped during the specified time period, was at 27 yesterday. Some investors use readings below 30 as a trigger to buy the stocks. Ping An rose 3.3% to 42.44 yuan. Merchants Bank, the nation's biggest dual-currency credit-card issuer, added 2.3% to 22.10 yuan. Shanghai Pudong Development Bank Co., the Chinese partner of Citigroup Inc., rose 1.7% to 21.46 yuan. Crude oil dropped as much as 1.2% to $113.63 a barrel in after-hours trading. Yesterday, the futures fell 0.9% to settle at $115.01 a barrel on the New York Mercantile Exchange. Prices have tumbled 23% from the record $147.27 reached on July 11.

Panzhihua Steel, the publicly traded unit of southwest China's biggest steelmaker, jumped 0.69 yuan to 7.58. The company said Anshan Iron & Steel Group bought a 5.09% stake for at least 1.07 billion yuan. Maanshan Iron & Steel Co., one of China's biggest producers of construction steel, gained 4% to 4.44. Maanshan Steel said first-half profit more than doubled to 2.26 billion yuan after it raised prices on increased demand. Zhongjin Gold Corp., China's second-largest bullion producer, slid 3 percent to 33.60 yuan. Shandong Gold Mining Co., the third-largest, sank 5.3% to 37.93 yuan.

Gold fell 2% to $814.50 an ounce in New York yesterday. Gold is down 5.8% for the week and about 20% from its record of $1,032.70 on March 17. The Shanghai Composite Index, which tracks the bigger of China's stock exchanges, added 1.4% to 2,471.07. The Shenzhen Composite Index rose 1% to 705.52.

[papalpower] 15/8/2008 01:33

Nothing like a good old fashioned "sly ramp" is there Arthurly........... ???

[0rb1t] 14/8/2008 19:18

Its a shame for London that CESG dont get a decent valuation here and they have to go for a second listing to get additional funds. Well, PE x 28 on historic EPS of 5p is £1.40 and on a future EPS of 10p is a lot more!

[arthurly] 14/8/2008 17:45

Thanks for that Orb1T - great stuff !


Here's a link to the SME Exchange that he may be talking about - note that average P/E is 28 (high of 92) !




So what would our share price be then Orb1t ? I reckon it would be well over a pound !

[0rb1t] 14/8/2008 17:28

Interview of CESG's chairman on the Chinese site. Extract below. Very optimistic! Looks like planned listing on Shenzhen Stock Exchange!


"But when you face such a huge outsourcing market, we still feel the company is too small." Zhu Zhao law that, if all goes well, enterprises also plans to small and medium-sized plates in the Shenzhen Stock Exchange listing in order to obtain more powerful development funds.

" "In this industry, the acquisition is the fastest recognized the most effective manner." Zhu Zhao-law said, "but all this needs money. With funds, we will be able to domestic and foreign software outsourcing enterprises in mergers and acquisitions, thus more smoothly into the international Market. The success of such cases in Beijing, Dalian, Hangzhou, and other outsourcing industry is relatively developed areas can be seen everywhere. "

In addition, some government departments for IT outsourcing services in the performance of enterprises such as taxes and other duties, but also familiar with, adapt to the different characteristics of the traditional industries, and constantly improve their work methods and ideas.

"Ningbo City government at all levels of attention and support, a large number of Jichuzhashi, enormous development potential of the enterprises in Ningbo, East Blue digital in the near future will become the IT outsourcing services leader." Zhu response to this law is full of Confidence.

[masurenguy] 14/8/2008 02:22

Interesting projections on future manufacturing output in China. According to FT forecasts, China will overtake the USA next year to become the worlds largest producer of manufactured goods and will account for 17% of global manufacturing output. By 2025, China will be producing circa 35% of total global manufacturing output which will then be three times greater than US manufacturing output.

[rivaldo] 28/7/2008 20:33

The 35k buy did the trick nicely today. Looking quite encouraging - there don't appear to be any sellers (i.e LDC) around for the moment.

[hectorp] 27/7/2008 14:25

Papal - you should have found this one when I did - on OFEX 18 months ago!
lol to you. PS I've closed out for the present time.
H.

[0rb1t] 27/7/2008 14:18

Good to see that we held onto gains this week and no selling appeared. These must be worth at least a £1 with eps forecasted at 10p for next year?

[woracle] 24/7/2008 20:37

Riv, what did I say !! stop feeding the animals !

[rivaldo] 24/7/2008 20:15

Wow - all those posters (excluding me obviously!) are some of the best on ADVFN. I'm privileged to be in their company.

Since the CESG share price is actually at or better than the price it's been since the early post-AIM spike (I'm guessing a number here are at break-even or in profit since they bought in fairly recently as I did, after the price had fallen well back from the spike), I'd say CESG is actually doing pretty well in the current climate - probably because it's just so damn cheap to start with (imho etc).

[papalpower] 24/7/2008 14:14

LOL.


I have been watching the saddo's trying to ramp this for some time. Just enjoying watching the squirming as the price fails to launch off the ramp :)


woracle - 23 Jul'08 - 14:08 - 331 of 337

This is a unique board amongst chinese AIM stocks. The only one which is primarily factual because ADVFN's resident saddo PP hasnt infected it yet. I noticed hes gone a bit mad today across the boards. Can I propose noone ever replies to him on this board when he/she arrives... LOL !

[0rb1t] 23/7/2008 20:01

There were only 9 trades today with the price going up a penny for about every 10,000 shares. And no sign of any selling yet. Maybe the tip will generate more buys tomorrow.

[rivaldo] 23/7/2008 19:57

LOL Steg!

Ta GHF. Good timing you have to say - buyers have probably caught the very bottom, though there should be a long way to go at the current miserly rating. Did they have a target price or valuation?

[glasshalfull] 23/7/2008 19:03

FYI,

Todays rise was the result of a tip by Watshot dated 22/7/08.

Regards,
GHF

[woracle] 23/7/2008 14:29

Art, hes salivating all over his keyboard and mouse today. I have long since filtered him so no idea what hes barking today.... He needs help though, or to be put down.

[arthurly] 23/7/2008 14:17

woracle - yep this is an oasis in a desert. Long may it be so. He's currently salivating over Haike closing down refinery I believe.

[woracle] 23/7/2008 14:08

This is a unique board amongst chinese AIM stocks. The only one which is primarily factual because ADVFN's resident saddo PP hasnt infected it yet. I noticed hes gone a bit mad today across the boards. Can I propose noone ever replies to him on this board when he/she arrives... LOL !

[0rb1t] 23/7/2008 12:27

Thanks everyone. Its good to see this move up 12%. The MM cant have much stock at the moment.

Supplying outsourcing to Japan makes a lot of sense. There is only a 1 hour time difference between China and Japan. It only takes 3 hours to fly from Tokyo to Shanghai. More similar culture than India.

There can't be many people from India that can speak Japannese. As a result where the outsourcing into the Western markets is probably more mature and competitive the Japannese market is probably more specialised with greater opportunities.

[explorer88] 23/7/2008 11:14

If you like CESG, check out SFT - another tasty little morsel :-)