Wer kann mir infos über Cheung Wah 885538 geben.
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Cheung Wah Development Company [ 648 ]
History
Cheung Wah Development Company was founded in 1930 by the Yu family to distribute dyestuffs in China. In 1946, it expanded its business to HK as Cheung Wah Ho. In the 1960s, it began to distribute for Bayer AG of Germany and Cassella Farbwerke Mainkur, a division of Hoechst AG in Germany. In 1976, the company expanded into textile business for the manufacture of household fabric, knitted sports and casual wear. It established retail outlets and a showroom for this business. In 1994, it diversified into property and clubhouse business, but it is reporting loss. In 1996, the company relocated all its production to China and established a 50% owned joint venture company for the distribution of dyestuffs. The market cap as of Dec 1998 was $46 million with 588 million shares issued. The current Chairman is Yu Kam Kee, Lawrence.
Current
Interim results from Cheung Wah Development was disappointing. Turnover fell 13% to $81 million for the first six months ended September 1999 from $93 million for the same period last year. Operating loss rose 1730% to $11 million with net profit of $10 million (LPS of 1.75 cents). The company is still suffering from its chronicle loss since 1996. Turnover fell at an average of 15% for the past five years. It has a current ratio of 1.1x. The company placed 117 million new shares to raise $14 million for better cash flow.
Future
The future for the company is somewhat hazy. The Chairman of the company is more interested in soccer than its business, because it has been losing money the fourth year. Although the company is not in any serious financial situation, if it continues to loose money it will soon dry out the reservoir.
Aber mal im Ernst. Cheung Wah (0648 bei Qamnet) wurde heute morgen
doch auf n-tv als neu Softbank für China bezeichnet.
Wer hat darüber Infos?
January 20,2000
Softbank will acquire 1.15 billion new shares at 18 cents each for a
total consideration of $207.5 million. The transaction will be settled
by cash.
The acquisition share price is at a deep 86.5% discount to the last
trading price of $1.33 on 6 January 2000. Rumours had obviously
been around since last week when the price started its flight.
The shell company Cheung Wah is a money loser. It booked red
figures for 4 years in a row, losing a total of $130 million. After the
transaction, the existing business will be continued and the fixed
assets will not be sold.
SOFTBANK manages a portfolio of internet-related ventures. Its
stakes in Yahoo! and E*TRADE expanded its capitalization and let
the company to make further acquisitions. It is the hottest potato in
the Japanese market.
According to the announcement, the company has ¡§no specific
plan or target identified at present¡¨. To be renamed as Softbank
Investment International, Cheung Wah will be the listing arm of
SOFTBANK in Hong Kong.
was_weiß_ich: wie bist du aufmerksam geworden? heute erst zweiter handelstag in berlin? o.T.
01.02.00 18:19
Leider fing der Kurs gleich bei 1,40 an und ging bis auf 1,70.
Ich hab mir mal den Spaß gegönnt und kurz vor 17:30 Uhr 1000 Stck.
zu 1,59 gekauft. Mal sehen was langfristig daraus wird. Ich hoffe,
daß nicht die ganze belegschaft vom Fußballfieber befallen ist und
sich daraus was entwickelt. Könnte auf jedenfall sein, daß es morgen
einen Dämpfer gibt. Aber schaunmerma.
http://www.wallstreet-online.de/community/board//...s/54766?uid=&iid=
unter diesem link gibt's mehr Infos.
Achtung dieses ist KEINE Kaufempfehlung. Ich möchte diese Aktie nur mal
ins Gespräch bringen, da dieses evtl. noch sehr interessant werden KÖNNTE.
Außerdem wird sie erst seit 3 Tagen in Deutschland gehandelt.