XING

[voova99]

Must we concern about it?           


http://messages.finance.yahoo.com/Services/Communications_Services/threadview?m=tm&bn=20255&tid=127937&mid=127937&tof=15&frt=2

[AussieTrader]

Must we concern about it?           


http://messages.finance.yahoo.com/Services/Communications_Services/threadview?m=tm&bn=20255&tid=127937&mid=127937&tof=15&frt=2

Hey Voova,

The Dutton report made it public a few weeks back that CECT IPO was not going to happen. This report just speculates why it hasn't gone ahead and then digs up historic financial issues going back to 2002. It has no facts or quotes directly from XING / CECT (just quoting 'an insider'). My summary is it's just a story with little or no factual data.


Good Trading

P.S. I posted some news items on XING which I have now deleted, they were old and I posted before thoroughly checking dates, apologies if anyone read them as recent news items.

[voova99]

Thank You, Aussie

I'm confused by amount of speculations on XING's Yahoo board ...

But I made my decision to hold into earnings report , last price performance
tells me that XING is under accumulation (not huge but respectable) 

Best,
Vova

[Michael]

Hi Voova,

I agree with Aussie's assesment (even though I still think the CECT IPO will go ahead, but that is another story).

Kevin has an excellent write up concerning the allegations made in the article here: http://groups.msn.com/InvestmentProfessionalsAvalon/stocksxing.msnw?action=get_message&mview=0&ID_Message=483&ID_CLast=485&CDir=1

It will be interesting to see how the stock reacts today. The rumour started to circulate during trading on Friday without much effect but we might still see some volatility today.

[AussieTrader]

Right now with XING I am over-riding any short term technical targets as something big is going on and I want to stay 'in the trade' as long as I can. Since I posted my XING is set to Sing on 3rd Oct with the long term charts XING has seen 15 to 20% appreciation, and I believe this is only the 'throat clearing phase' before the real song starts

XING still HAS NOT released its 1H results, but STILL the price keeps going up. Friday saw a concerted effort to push the price down coinciding with scare mongering news release in China regarding CECT finances. It failed to make much downward pressure.

This week lets see if we get any news hitting the wires.

God Trading

[voova99]

Michael

Could you call Rick , and ask him to give a short PR only for 3SOF?
Wating is killing me...


Best,
Vova

[AussieTrader]

OK, so BIG XING stlye sell off took place over the past 2 days. On big volume also. Chart is damaged \ and currently no news out of XING to help any reversal.
Now my stops got dinged yesterday and today so I am out of my stock position, but I am holding  Jan $12.5 calls.

I am sad to be out, but stops are stops.

So we still wait 1H results, Q3 release date and any other 'news' which might be waiting to come out.

I am not re-entering just yet, as I can't see support holding firmly right now. But I am watching closely.

[voova99]

Instead of Rick PR date,

From yahoo MB:

http://messages.finance.yahoo.com/Services/Communications_Services/threadview?m=tm&bn=20255&tid=130404&mid=130404&tof=2&frt=2

[voova99]

Michael

I'm sure now that in chinese couple of weeks it's "couple of months" 
Don't call Rick , I'm wating... 

[Michael]

Hi Voova,

XING sometimes defines logic. The earning release is delayed, there is a never ending stream of rumors about all kind of troubles the company is in and even the Chinese press seems to run a number of negative articles.

And still the stock shows amazing resilience. It almost didn't touch the resistance at 14 before it bounced off.

Let me just be honest I am normally the first one to blame the short community when great stocks are going through hard times but this time I have a creeping suspicion that something else is going on.

I really don't buy into the cash flow problems but that is not the point. Just the mentioning of this should make the stock drop like a stone. It didn't! We have previously talked about the Hound of Baskervilles but in this case it is not about why the hound didn't bark but rather why nobody paying attention 

For the time being I prefer to rely on the FA I did 1 year ago. The company has till now delivered on every promised they made. If there is a change in the fundamentals we will adjust the trading plan but the chart seems to say that we are still on track despite all the rumours.

[voova99]

Michael

What do you think about Kevin's recent excitement from private MB   :

"Big news! Philips became the first big western brand to totally close down its mobile phone operation and exited from the market today"

I think that Philips is very strong company , may there is serious price erosion in handset market
in China and XING  also in trouble   


Best,
Vova

[AussieTrader]

Michael
What do you think about Kevin's recent excitement from private MB  :
"Big news! Philips became the first big western brand to totally close down its mobile phone operation and exited from the market today"
I think that Philips is very strong company , may there is serious price erosion in handset market
in China and XING  also in trouble   
Best,
Vova

Hey Voova, You know, Philips is a tiny player in the global handset business. Look at it yourself, how many people do you know have a Philips mobile phone? Not many. So the withrawal from the Asian market I think is a positive for XING. XING is winning market share whilst controlling margins, sure there will be margin erosion to come it is a fierce market. Finally CEC used to have an ownership in CECT, so maybe CECT will get contract to build the Philips handsets on behalf of CEC?

Also, I agree Michael's thoughts on XING resiliance. I have started to re-build my XING position in the $14 range since last week. Not full position yet.

Good Trading

[la-onda]

fyi:
yahoo quotation:
Chuan CT to New York early next year will be listed on the Stock Exchange
   
[Sohu IT News (text / paste) the evening of October 25. Qiao Xing Universal listed on NASDAQ (XING) in a row there a few days after the plunge in Indonesia. first up.
Sohu IT learned from the news channel, reacting to anti-Qiao Xing Universal's stock rose. Qiao Xing Universal addition to the support of their own performance figures, Another rumor that has been circulating for a long time with the news -- Zhongdiantongxin (CT) about the recent landing in the U.S. stock market.

A well-informed source revealed that CT is very likely the IPO period between the fourth quarter of this year or the first quarter of next year. and the place of listing is not a piece of the Hong Kong main board a year ago, they are not NASDAQ and the New York Stock Exchange is very likely.

Earlier this year, it is reported that 10% of the issued shares in the open CT, project finance 150 million U.S. dollars. But some analysts, with the New York Stock Exchange IPO in Pakistan near future. CT issuance of this amount will be far more than 10%, while the amount of the financing will be close to three hundred million dollars.
According to Qiao Xing Universal June 20 to the United States Securities and Exchange Commission's 2005 financial statements. Qiao Xing Universal 2005 net sales reached 356 million U.S. dollars, compared with 42.4% growth in 2004 net profit of 31 million U.S. dollars, 987% increase over 2004. In the recently released "HU Run BIL Billboard" Bang Chan. Qiao Xing Wu Ruilin to as many as 40 million head of the family Wealth BIL Billboard ranked fourth.
Has not been officially confirmed these rumors, the only purpose of conveying the message. Sohu IT does not constitute investment advice and does not represent positions.

http://translate.google.com/translate?u=http%3A%2F%2Fit.sohu.com%2F20061025%2Fn246005261.shtml&langpair=zh-CN%7Cen&hl=en&ie=UTF8

awesome chart today:


cheers
O.

[AussieTrader]

Whilst there are no direct quotes from XING, this may be the start of positive news period culminating in Q3 release, so lets see:

Below is another source of the news La-onda posted

http://tech.sina.com.cn/t/2006-10-26/01501203890.shtml

Machine translation:

The foreign national is popular CECT to sprint Niu to hand over 所拟 finances 300 million US dollar http://www.sina.com.cn on October 26, 2006 01:50 first finance and economics daily paper Will hand over the motherboard to next year first quarter in Niu to complete IPO Newspaper Reporter Yang Guoqiang sends from Beijing Although has the transnational giant to press on step by step, but the domestically produced handset merchant gradually went out the difficult position. The bright lake opening price name moves in the Jingxi too Yangcheng III issue of selling well Huipu commercial strategy new product to issue passes on the magnanimous life information Recently, a professional disclosed to "First Finance and economics Daily paper" that, the secret is preparing the center electricity correspondence science and technology limited liability company which the overseas goes on the market (next to call "CECT") will complete IPO to next year first quarter in the New York Stock Exchange motherboard, will solicit the capital amount to approach 300 million US dollars, the market value surpasses 1 billion US dollars. The CECT two years ago start to plan the overseas to go on the market, hand over the institute besides Niu also to consider Hong Kong and the American Nasdaq two stock markets, but finally have actually chosen the financing scale and an influence bigger Niu hand over the institute. "CECT regardless of is the turnover or the profit, all has met the requirement which hands over in Niu goes on the market." This public figure expressed. It is reported, CECT will hand over the main body in Niu which will go on the market will be it in BVI (England is the Uygur Beijing archipelago) to register to the shore company lives abroad is popular the mobile communication limited company, the foreign national is popular the migration to have CECT90% stock, other stocks extreme will reach for Tianjin have. CECT as well as a part of 3G research and development service will load to this company in among, but the foreign national will be popular the handset not to be able to bring into line with, because this part of property before this has been popular in the foreign national round the world goes on the market. If hands over in Niu goes on the market successfully, center the electricity correspondence will become in the domestically produced handset brand first to hand over the enterprise in Niu which the motherboard goes on the market, is popular the group according to the foreign national the strategic plan, besides the center electricity correspondence, next year this company also will have to make the 3G research and development the subsidiary company to go on the market in the overseas, in addition already the foreign national which went on the market in Nasdaq is popular round the world (XING.NASDAQ), this handset family will become a domestic handset profession count for much strength, and had the profound influence to the Chinese handset market pattern. According to this professional stated that, CECT chooses US to go on the market is receives its parent company in the very great degree to live abroad is popular the round the world a series of advantages good information the influence. Recently, the foreign national was popular round the world step by step walks in stock market's performance high, its stock price once traced as high as 17 US dollars, day-long 成交额 unexpectedly achieved 30 million US dollars, all have created since July, 2000 new high, the performance extremely have been active. "Therefore does not have the choice to go on the market in Nasdaq, is because the foreign national is popular round the world is Nasdaq goes on the market the company." This public figure stated that, CECT hands over in Niu goes on the market, the effect could better somewhat, "the future foreign national be popular under the flag two companies CECT and the foreign national is popular the entire world, will go on the market in Nasdaq, will hand over in Niu goes on the market, regardless of will be the strategic layout or the financing ability all with goes on the market in Nasdaq must be better than." News provides which according to the professional, center the electricity correspondence first chooses is goes on the market in the Hong Kong motherboard, but considered the Hong Kong stock market the city was full somewhat low rate finally gives up. The investigation and study data indicated that, CECT in August, in the September continuously two months in the entire Chinese handset market place position row 9th, in the domestically produced handset arranges at first 4. According to 2006 CECT market performance calculation, this year, because the domestically produced handset enterprise whole turns for the better, center the electricity correspondence will continue to maintain 30% above the rate of rise, the net profit may amount to above 40 million US dollars. "This kind of scale and the level completely had has handed over the condition in Niu which the motherboard went on the market requests." Telecommunication analyst Han Xiaobing tells reporter. Easy view international analyst Lin Juan to believe, in the recent 12 years, as a result of handset merchant to consumer demand assurance more and more, and is prominent as a result of several emerging handsets merchants performance, causes the research and development gradually to standardize to the domestically produced handset merchant puzzle, this hindrance domestic product handset develops the barrier varies directly more and more slightly. It is reported, after has experienced the large amount loss labor pain, in the association, center the electricity correspondence, multi- Pu reaches and so on the emerging merchant under the impetus, including the wave guide, TCL and handset merchant and so on Xia Xin all already started the profit. But after if center the electricity corresponds successful financing, inevitably will be able to strengthen the electricity correspondence research and development ability, will occupy the advantageous competition position.

[AussieTrader]

Also, I agree Michael's thoughts on XING resiliance. I have started to re-build my XING position in the $14 range since last week. Not full position yet.

Haven't got my full position yet, and am more weighted to calls (Dec / Jan mixture of in and out the money positions). Maybe I won't get the chance to add at the right price, which would be nice anyway
Hope you still in there Voova.
Good Trading