This share has started to rise rapidly after the trading update which was very encouraging. The company provides batteries for mobiles etc and alternative power supplies. floated at 135p-should be a good investment with results due on April 18th.

Not good trading just lucky , not holding any other Chinese stocks at present.

In today at 201

Took a stake in this one yesterday (trading stake). Looks like its on a roll and with the new factory opening this month we could get good news flow. Forward P/E of only 10 and looks very cheap to me.

much better spread on this one now. Anyone checking out EPY?

Was tempted moneyplus but with recent declines all well my portfolio is looking rather stretched at the moment!

ould get news from SCSW this weekend on this one. Anyone a member?. I know the tip sheet is following this one.

Looks like it's starting the run up to the Interims.......

Interims due end of August/Start of September.

Breaking out big time.

Results must be decent.........

Getting interesting , lets see if it holds.

Sold it and moved on.... Now watch it fly

Yes, beginning to fly.

Results tomorrow should see how we are progressing.

all the best

capa

The interims are out:

http://moneyam.uk-wire.com/cgi-bin/articles/200609270700325206J.html

Highlights
Turnover up 141% to 28.4 million as a result of increased turnover in
existing business and new business lines (H1 2005: 11.8 million)
Profit after tax up 25% to 2.0 million (H1 2005: 1.6 million)
Established a new plant manufacturing batteries for electric bicycles, with
a capacity of 12,000 units per day
Stake in FTD has been increased in 2006 from 30% to 51%, with FTD making
good progress signing a new contract to supply 150MW turbine to Shangdong
Haihua Group
Successful placing completed in period raising 5 million (before expenses)
which have been or will be invested into the expansion of manufacturing
capacity
Proposed interim dividend of 1.5 pence per share payable on 3 November 2006
Average debtor days reduced from 122 to 102 days

Look pretty good.

Ian

Yes good results I reckon.

On a single figure multiple which has got to be cheap in anyones book, outlook healthy and yearly dividend likely to be circa 4p.

Typical market reaction, time to add not sell in my opinion.

capa

CHNS tipped as a BUY by TechInvest Newsletter part of the T1ps group today.

Broker Seymour Pierce forecasts sales at 63 million pounds this year and 75 million pounds in 2007. Net profit to 31 December 2006 is estmiated to be 4.5 million pounds giving earnings per share of 21.6p. Corresponding figures for 2007 are 5 million pounds and 23.5p.

At current SP of below 200p, these shares are on a lowly PER of around 8 for next year.

Silvermede,

Thanks for the tip - I agree this looks good and will give it careful consideration.

Do you not think, however, that Seymour Pierce's EPS target is fairly conservative? I agree that the prospective PE is looking low, but on Seymour's figures it's the PEG that doesn't excite much.

However, I would hope that once the results come out and the profitable run appears more consistent that the market might react accordingly and award CHNS a higher rating.

I guess it has to be a buying opportunity after the post-results sell-off. Still bothered about that PEG though.

ST, good point and wanted to have another's views. I'll have another look at the PEG.

Thanks Silvermede. IfI can be more specific (now I'm slightly more awake than Iw syesterday evening), it just seems to me that profits are forecast to grow only around 10%. Frankly I'd be expecting more.

They did about 10p eps in the first 6 months, taking into account the bullish outlook and the new plant which is working flat out I expect the next 6 months to produce significantly more than 10p eps.

Seymour Pierces estimate of 21.6p is conservative, better this way though, makes good headlines when broker estimates get smashed.

capa