South Ocean Mgmt,Kingsway Like Zhejiang Glass

Zhejiang Glass' (0739.HK) FY05 EPS may rise 38.4% to 49 HK cents with opening of an upstream soda ash plant in June, says South Ocean Management's fund manager Brook McConnell; "it's got a great shot at making gigantic earnings".

Stock up 2.4% at HK$2.15 but trading at low prospective P/E of 4.4X. McConnell has target price of HK$5, higher than HK$4.20 set by Kingsway analyst Kelvin Cheng. Cheng says key risk is execution of soda ash plant in Qindao but short supply of commodity means margins of up to 50% possible.

600450 South Ocean Mgmt,Kingsway Like Zhejiang Glass glassonweb.com
Date: 21 April 2005
Source: Newratings.com

See more news about:

See more from these topics:

Others also read

Kohn Pedersen Fox (KPF) proudly supported the opening of MGM COTAI on Tuesday, February 13 2018. The resort is the latest addition to the MGM portfolio in Macau.
With various features including light weight, thin thickness, clear transparency, high safety, and extensive use in many aspects of building construction without regional limitation, LandVac has been well received by consumers.
As the launch pad for new products and technologies on window, door and facade in China, the 24th Windoor Expo will take place in Guangzhou from March 11 to March 13, 2018.
Considering the use of energy-saving glass as the determinant of a building’s power conservation, vacuum insulated glass currently offers the most outstanding performance in energy-saving. Among them, LandVac® is one of the best.
Recently, LandGlass is successfully selected into the list of the Innovative Large Enterprises of the City by the department of science and technology in Luoyang.
Iranian manufacturers are actively mastering the global glass market, paying special attention to new technologies.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000
China

Add new comment