Chinesische Autoaktien sind interessant
Die Anleger Honorieren es mit weiteren Aktieneinkäufen und heben den Wert bei + 7,1 % auf 3,375 HK-$ hoch. Mit 3,425 HK-$ wurde zuvor ein neues 52 Wochen Hoch erreicht.
Auch Denway Motors profitiert von dem Interesse an Autoaktien und steigt um 2,6 % auf 5,95 HK-$. Im Vormittagshandel wurde mit 6,00 HK-$ ein neues 52 Wochen Hoch geschafft. Damit performte sie seit Anfang Mai um 140 %.
Qingling Motors kann mit 3,8 % auf 1,40 HK-$ ebenfalls kräftig zulegen.
und direkt aus Hongkong heute:
[Dow Jones] China auto shares going from strength to strength; Denway Motors (0203) +6.0% at HK$6.15, Brilliance China Auto (1114) +7.1% at HK$3.375, both record highs; truck producer Qingling Motors (1122) up 7.5% at HK$1.43; all 3 among top 20 most heavily traded stocks. Short-term profit-taking may set in soon given stocks grossly overbought; Denway +31% month-to-date, BCA +30%, Qingling +19%. BCA rising today despite reports company to price BMW cars cheaper than previously suggested.(RLI)
und dann noch ne IPO von einer chinesischen Helicopterfirma
(HONG KONG)--China's largest minicar maker, AviChina Industry & Technology Co., is expected to raise up to HK$1.93 billion from a share offer priced between 95 HK cents and HK$1.21 per share, a person familiar with the deal said Monday.
The indicative price range represents 9.5 times to 12.1 times expected 2003 earnings per share on a fully-diluted basis.
The listing would rank the company, also China's sole helicopter maker, as the fifth largest initial public offering in Hong Kong so far this year, behind Weiqiao Textile Co. (Q.WQT) which raised HK$2.44 billion last month.
leider funktionieren viele der Infoquellen nicht mehr so früher ohne Bezahlung oder sind zeitweilig völlig überlastet
Infocast News) AviChina Industry & Technology Company Limited (2357) (AviChina) is preparing for its listing on the Main Board. The company announced the details of its IPO today:
Shares for offer: 1.5998 billion H shares (91% new shares and 9% existing shares), of which 90% will be placed and 10% offered to the public
Offer price: $0.95-1.21 per share
Proceeds: $1.383-1.762 billion
Use of proceeds: $568 million for expansion of production capacities of vehicles and engines; $284 million for improvement and upgrading helicopters; $194 million for developing advanced trainers, modification and upgrading of trainers and general-purpose aircraft; $194 million for establishment of new research development centre for vehicles and aviation products; $194 million for regional jets development; $60 million for use as general working capital.
Prospective Earnings: Net profit (excluding one-time items) for 2003 no less than RMB450 million
Prospective P/E ratio: 10.2-13.0x
Infocast News) AviChina (2357) Deputy Chief Executive Officer Li Yao says that the company is expected to increase the weighting of aeronautics businees from the current 12% to 30%. Presently mini-sized vehicles business accounts for 82% of the company's turnover, with a gross profit margin of 20%. Li stresses that with the consistent development of mini-sized vehicles the gross profit margin is projected to surge past the 20% level.
Li adds that upon reorganisation of the company a provision of RMB614 million has to be made for the pension of employees. At the same time, the company has reached an agreement with its parent company China Aviation Industry Corporation II pursuant to which in case of an inadequacy in pension the standing amount will be borne by the parent company and the company will have no more responsibility.
On the other hand, Li reiterates that the proposed 30-40 dividend payout ratio after listing is considerably high and should make the company attractive to a certain extent.
The company plans to issue about 1.6 billion H shares at $0.95-1.21 per share to raise as much as $1.93 billion.
Infocast News) European Aeronautic Defence and Space Company (EADS) has acquired shares in AviChina Industry & Technology (2357) that will represent 5% of the enlarged issued share capital of AviChina after its listing. Pierre Barroux, the chief representative of EADS to China and Hong Kong, said that EADS has no intention to increase its equity interest in AviChina.
Barroux said that EADS' acquisition of shares in AviChina, with which EADS has been cooperating for years, will be mutually advantageous.
Infocast News) European Aeronautic Defence and Space Company (EADS) announces that it will subscribe for 5% of the issued shares of AviChina Industry & Technology Company Limited (AviChina) (2357). The investment will amount to as much as EUR30 million ($271 million), depending on the final pricing of the shares.
EADS says that the two parties will cooperate in the development, manufacturing and upgrade of aviation products.
Avichina muss man dann hier suchen http://www.hkgem.com/prices/e_default.htm
06 Oct 2003 09:46 Market News
(Infocast News) Brilliance China Automotive Holdings Limited (1114) announced the disposal of 113.64 million shares at a price of $2.65 last Thursday through Citigroup Smith Barney by certain directors of the company including Chairman Wu Xiaoan.
The sale shares represent 3.1% of the issued share capital of the company and $301 million was realised in the placing. The sale price represents a 1.49% discount to the closing price before trading was suspended.
The company resumes trading in the shares today.
The announcement noted that the five directors involved in the placing will use part of the funds from the sale of their sale shares to acquire shares pursuant to one or more exercises of the call options. They have each undertaken to
Citigroup that, during the period beginning on October 2 and ending 6 months after such date, each of them will not sell or otherwise dispose of any shares which are held October 2 or any shares that may be acquired upon the exercise of the call options which are held by him or for his benefit, without Citigroup's prior written consent.
The company stated that it does not have any present intention of placing shares in the near future nor does it expect any change in the composition of its board of directors to result from the disposal of the sale shares by the selling directors. There is also no person who will become a substantial shareholder of the company solely as a result of the completion of the disposal of the sale shares.
The five directors involved in the sale are Wu Xiaoan, He Tao, Hong Xing, Su Qiang, and Yang Maozeng, who altogether hold 129 million shares or 3.518% of the company's issued share capital. Upon completion of the sale their shareholding will fall to 15.345 million shares or 0.419% of the issued share capital. The shares to be acquired through the exercise of call options will be 358.452 million shares among which 346.3 million have a exercising price of $0.95 and that for the remaining 12.152 million shares being $1.896.
Qingling WKN 1122 in HK:S&P warnte im Juli
(Infocast News) Standard & Poor's Equity Research (S&P) is initiating coverage of Qingling Motor (1122) with an Avoid recommendation and a target price of $1. The stock once hit at $1.24, but now it reversed down to $1.22, down by 0.8%.
Despite a dividend yield of 3.9% and substantial cash per share of $0.52, S&P believes there is insufficient incentive to own Qingling given the risk of earnings disappointment as its strategy to turnaround its sliding market share remains unconvincing.
In S&P's view, the market appears to be pricing in a recovery in the company's operations. Despite the market consensus calling for a turnaround, the sales momentum of the company has slowed significantly since the initial first-quarter spurt. Increased marketing and promotions will continue to erode profit margins. More importantly, Qingling's reluctance to match price cuts by competitors and its dependence on imported components will curtail its ability to boost the sales volumes and regain the market share.
S&P opined that Qingling needs to focus on reducing costs and developing new models.
und der letzte Report war auch nicht berauschend,keine Dividende mehr
22 Aug 2003 14:10 Main Board Listing News
Qingling Motors Co. Limited announced on 22/08/2003:
(stock code: 01122 )
Year end date: 31/12/2003
Currency: RMB
Auditors' Report: N/A
Review of Interim Report by: Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2003 from 01/01/2002
to 30/06/2003 to 30/06/2002
Note ('000 ) ('000 )
Turnover : 1,717,112 1,475,696
Profit/(Loss) from Operations : 102,755 124,511
Finance cost : (21,984) (54,986)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 68,334 59,417
% Change over Last Period : +15 %
EPS/(LPS)-Basic (in dollars) : 0.0275 0.0245
-Diluted (in dollars) : N/A 0.0244
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 68,334 59,417
Interim Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
EARNINGS PER SHARE
The calculation of the basic and diluted earnings per share for the period
ended 30th June, 2003 is based on the following data:
Earnings
1.1.2003 1.1.2002
to to
30.6.2003 30.6.2002
RMB'000 RMB'000
Net profit for the period and earnings for the purpose of
basic earnings per share 68,334 59,417
================
Effect of dilutive potential shares:
3.5% convertible bonds due in 2002 N/A 1,175
-----
Earnings for the purpose of diluted earnings per share
N/A 60,592
======
Number of shares
30.6.2003 30.6.2002
'000 '000
Weighted average number of shares for the purpose
of basic earnings per share 2,482,268 2,429,455
================
Effect of dilutive potential shares:
3.5% convertible bonds due in 2002 N/A 26,869
Option granted to Qingling Group,
the Company's ultimate holding company
N/A 25,944
----------
Weighted average number of shares for the purpose
of diluted earnings per share N/A 2,482,268
=========
Denway WKN 0203 in HK zischt los heute 10% in Hongkong!
Chongqing Changan, the local partner of Ford Motor Co. and Suzuki Motor Corp., rose 3.4 percent to HK$8.44. FAW Car Co. climbed 5.2 percent to 8.64 yuan. Mazda Motor Corp.'s local partner said yesterday third-quarter profit tripled to 183 million yuan ($22 million) as it sold more Mazdas.
Automakers such as General Motors Corp. say China may eclipse Japan in vehicle sales by as early as 2008. Ford said it plans to spend as much as $1.5 billion to expand its venture's annual production capacity sevenfold, Chief Executive Officer William Clay Ford Jr. said last week.
Baoshan, China's largest steelmaker by output, added 3.4 percent to 5.87 yuan.
``Investors are favoring automakers and steel shares as they expect their earnings to rise as foreign carmakers are increasing their investments in China,'' said Zhang Qi, an analyst at Haitong Securities Co. in Shanghai.
Hong Kong 23.10.03 (asia-economy.de) Wären da nicht die hervorragenden Gewinne der letzten Monate könnte man heute in Asien fast schon von Crashähnlichen Zuständen sprechen.
Nahezu alle H-Aktien liegen heute deutlich im Minus, wenngleich man noch nicht von signifikant günstigen Kursen sprechen sollte. Es besteht also durchaus die Möglichkeit, unsere chinesischen Lieblinge wesentlich billiger aufstocken bzw. wieder erneut ins Depot aufnehmen zu können.
Hier einmal die größten Verlierer im Überblick:
H-Aktien:
Sinopec -7 %
Petrochina -4 %
Beijing Datang -4 %
Huaneng Power - 3 %
Red Chips:
TCL - 4,2 %
Legend -4,7 %
tom.com -2,9 % 23.10.03 (al)
Die Aktienkurse sind Blutrot und Gewinner nicht auszumachen. Dazu kommt noch, dass Morgen Stanley den Hongkonger Markt abgestuft hat.
Am kräftigsten nach unten geht es u.a. mit:
CHINA UNICOM – 9,1 %
DIGITAL CHINA – 8,8 %
DENWAY MOTORS – 8,4 %
LEGEND GROUP – 6,7 %
HONGKONG.COM – 6,2 %
PCCW – 5,9 %
CHINA MOBILE – 5,8 %
TCL INT'L HOLD – 5,2 %
Brillance China auch
(Infocast News) Brilliance China Automotive Holdings Limited (1114) announced the issuance of US$170 million worth of five-year (maturity at 2008) guaranteed convertible bonds, with a possible increase of the capital raised to US$200 million.
The conversion price of the bonds is $4.6 per share, representing a 37% premium over yesterday's closing price. A full conversion of the bonds will result in the issuance of 286.41 million new shares of the company, representing 7.24% of the enlarged issued share capital. In such case the shareholding of Huachen Automotive Group Holdings Company Limited, the substantial shareholder of the company, will be diluted from 39.42% to 36.57%.
Ich hab Denway Motors 886271 in meinem Depot.
Zur Zeit noch mit + 1,49%.
Kannst Du mir bitte sagen wie Du die nahe Zukunft
dieser Aktie siehst?
Wie sieht´s mit HSI Index aus?
Ich komme da an keine Infos ran.
Blöde,hätte ich doch China Yuchai Intl 893697
genommen. +66 % Seit deinem Posting am 13.10.03.
Wünsche steigende Kurse
Gruß vom Dampfer :-)
http://www.infocastfn.com/infocast_fbx/index.cfm?LangId=1 rein auf englisch,musst dich registrieren kostenlos mit Passwort,dann kannnste den Kurs ,den Chart,die Umsätze und News sehen.
China Yuchai ist ein unglaublicher Knüller,sind aber meines Wissens in Singapore,Eskimato hatte sie schon vor mir entdeckt
vehicle market may be slowing with manufacturers failing to gain market share on
sliding sales, experts say.
"Manufacturers have misjudged market demand," said Jia Xinguang, chief
analyst at the China National Automotive Industry Consulting and Development.
"It is likely that growth in the next few years will slow down, given the
fact that oversupply is serious."
John Bonnell, a partner at auto consultancy Automotive Resources Asia
echoed that sentiment.
"Many China watchers believe the market will continue humming along until
2008, then slow down, but my gut feeling is that the market will slow down next
year."
Analysts are particularly worried that the size of China's middle-class is
considerably smaller than marketers' estimates, with current sales really driven
by a much smaller, wealthy urban elite.
"Auto companies have an over-optimistic perception about China's middle
class," Jia said.
Car sales soared 69 pct year-on-year in the first nine months to 1.454
mln units, after 55 pct growth last year. The sales, said Jia, were
"driven by a relatively lightweight group of wealthy citizens."
Unbridled production has led to fast rising inventories, which in turn has
set off price wars, a strategy that will catch up with automakers sooner rather
than later, analysts said.
Further, they are under the illusion that China is an indefatigable market,
and are setting unreachable sales targets, they said.
The China Association of Automobile Manufacturers calculates that unsold
car inventories were running at 80,000 units by the end of September and the
figures are likely underestimated by 25 pct.
"The actual number can only be higher," Jia said, possibly more than
100,000.
Despite overproduction fears, the competition remains fierce and casualties
are expected.
Fiat may not be ready to pack its bags just yet but Italy's flagship
carmaker may become China's first foreign casualty, since Peugeot pulled out of
the market in 1997 amid flagging sales. It announced its re-entry plan in late
2002.
"Fiat has so few models here, and unfortunately they all fall in the most
heavily over-supplied sector," Jia said.
The embattled group, which is already struggling to return to profitability
as it overhauls operations, saw its China sales slump as its four China
subcompact brands fell to 2,579 units in September from 3,297 a year earlier.
Fiat has said it will battle on in China, likely because without a sizeable
piece of a market predicted to be bigger than the United States in 20 years,
the company will cease to exist.
The market's potential is keeping another looser going, France's Renault.
Its joint venture in central Hubei province, Sanjiang Renault Automobile
Company, has the capacity to make 40,000 buses a year, but has turned out just
5,000 units since the plant opened in 1994.
Yet in an interview on radio Europe 1, Renault's chief executive Louis
Schweitzer said the firm would be building cars in China by 2010, and would
announce its China expansion strategy in spring 2004.
Renault, like others, is betting that China's market is only going to
continue to boom, and with China market leaders such as Germany's Volkswagen
continuing to post phenomenal growth rates, the frenzied pace of investment is
unlikely to stop.
"Oversupply is a long-term trend, but the fact is the Chinese auto market
looks good in the future," said Huang Anle, an analyst at Beijing Tianxiang
Investment Consulting
"International giants will continue to compete to win a piece of the pie in
this market because of its (potential) for high profitability, while business
remains depressed in other major countries' markets."
US giants General Motors Corp and the Ford Motor Co announced last
week they had signed agreements with their joint venture partners in China to
export vehicles between now and 2006 in deals worth a combined value of 1.3
bln usd.
Earlier, General Motors Corp also said it would expand its joint ventures
here to boost production capacity by at least 50 pct to 766,000 units a
year by the end of 2006.
bur-bms/mp/nj/mh
(Infocast News) Guangzhou Honda Automobile, a unit of Denway Motors (0203), sold 9,767 vehicles in October, representing an increase of 96% over the same month of the previous year, but a decrease of 21.75% compared to September this year. From January to October this year, Guangzhou Honda sold a total of 90,948 vehicles.
Guangzhou Honda made 10,571 vehicles in October (an increase of 10.23x over the same month of the previous year) and 92,230 vehicles in the first ten months of this year.
http://www.infocastfn.com/infocast_fbx/...searchInfocastNews&LangId=1
Nur mal so :-)
http://www.usa-aktienprofi.de/china.htm
Keiner interessiert sich für unsere chinesischen
Autobastler :-(
Weiß Du wiso die Denways in den letzten Tagen
solche Schwierigkeiten hatten ? (Charttechnisch gesehen)
Heute geht´s aber wieder wie gewohnt aufwärts. ???
War das "Hühner-BSE" schuld ? Nee,oder ?
Keinen interessiert´s !?!
Na dann werden wir eben alleine reich,was solls.
Gruß an alle China Fans. :-)
Wirkliche Gründe für den Kursrückgang der vergangenen Wochen kann ich auch nicht geben, aber ich denke, dass es nur eine kurze Konsolidierungsphase war.
4.2.2004 Brilliance China Automotive's (1114) core production unit Shenyang Brilliance JinBei Automobile Co., Ltd. (Shenyang Automotive) saw its sales breaking the 100,000-vehicle mark for the first time last year. Including the BMWs produced by the joint venture BMW Brilliance, total sales totaled to 104,218 vehicles for 2003.
74,618 JinBei minibuses were sold last year, up 14.55%. Sales of Zhong Hua sedans amounted to 25,600 vehicles in 2003, and the total sales since its launching less than 1 1/2 years ago amounted to 34,000 vehicles.
Kapitalerhöhung geplant?Denway Motors: A market source says that Denway Motors (0203) is going to place shares at $7.9 per share through Morgan Stanley. Denway now stands at $8.6, down 1.149%, on a turnover of $170.8 million.
doppelte Produktion angestrebt:Denway Motors' (0203) Guangzhou Honda Automobile announced that in order to enhance its annual production capacity to 240,000 vehicles, it has embarked a 18-day reform to speed up production procedures starting from January 21. Guangzhou Honda expects that after the reform, its daily output will be doubled to over 20,000 vehicles in July, and the time needed to make a vehicle will be shortened from 103 seconds to 50 seconds.
Als ich die beiden Firmen China Brilliance und Denway Motor vor langer Zeit
hier empfahl, hat es keinen interessiert. Wie immer, wird erst nach Erfolg
einer Aktie daruber geschrieben. Man muss das Potential aber vorher erkennen!
Warum verkaufen ?
Ganz einfach, China wird dieses Jahr offiziell 3% Inflation melden, inoffiziell
aber 5%. Wenn China zum Exporteur von Inflation anstatt Deflation wird,
verabschiede ich mich. Eine steigende Inflation ist GIFT fuer Aktien!
Nicht nur gibt es eine Forenhype ueber China Aktien, was zusaetzlich ein
Warnsignal ist, sondern die wirtschaftliche Entwicklung Chinas wo Wachstum von
9-12% NORMAL war. Vor 2 Jahren konnte man "billig" einsteigen und es ist Zeit
sich zu verabschieden.
Stox Dude
Gruß,
Bleck
eine der Aktien die ich vergessen habe zu verkaufen
Gerhard Heinrich hat den Wert doch vor einiger Zeit besprochen.
Die Rakete scheint jetzt abzuheben.
Optionen
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