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    • Thu Jul 19th 09:54 AM
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      Rating: 0 0
      Commented on:
      China Natural Gas Bumping Against All Time Highs
      Max, I don't know how long you have been following CHNG, but it is not accurate to say that this management has been good at making operational forecasts. Check their PRs from the past year regarding ownership of projected CNG filling stations for proof. Forecast: 21. Actual: 17
      View article »
    • Tue Jun 12th 13:08 PM
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      Rating: 0 0
      Commented on:
      Interactive Q&A: Simon Fu, CFO of China Expert Technology (CXTI.OB)
      Simon,

      Do you feel that your current cash + future cash flow from operations will be able to satisfy your working capital needs for the jump in business expected in FY08? Is there any chance that your DSOs will improve next year or should we still expect long lag times for A/R's to be paid? If you do see issues with cash flow, how do you plan to address them (bank financing? issue more stock?)

      I would also like to hear your answer regarding the cash vs. shares paid to consultants that help secure new contracts. Is there a certain stock price at which you would not consider issuing stock for compensation?

      Last question: when are company insider shares due to come off their lock-up?

      Thanks.
      View article »
    • Thu Sep 29th 12:43 PM
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      Rating: 0 0
      Commented on:
      Investor Assesses China Techfaith Wireless' Weak Stock Performance (CNTF)
      I have come up with a theory as to why CNTF is tanking and eps have been revised down. It seems that the Chinese govt. is delaying the issuance of 3G licenses. See this article:
      tinyurl.com/dekcj

      Obviously, pushing out the approval process for 3G licenses will hurt design shops like CNTF that rely on the introduction of new technology for design work. However, this seems like a short term problem as the long run trends are still intact. Plus, if CNTF is successful at getting more outsourcing work from some major international cellphone companies, they could still show decent growth in FY06. I see the 3G design work as an additional catalyst for growth, albeit further out than expected.

      I guess the key question is at what point will the stock fully reflect the 3G delay issue. At its current price of $9 and with $3 cash on the balance sheet, I'd say pretty soon but who knows in the current news vacuum??
      View article »
    • Wed Sep 28th 14:17 PM
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      Rating: 0 0
      Commented on:
      China Stocks Weekly Price Performance (Week Ending 9/16); Biggest Gainer Focus Media (FMCN), Biggest Losers China Techfaith (CNTF) and Baidu (BIDU)
      timezero, I replied to your comment elsewhere in the site. In case you missed it, here's the link:

      chinastockblog.com/art...
      View article »
    • Wed Sep 28th 13:25 PM
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      Rating: 0 0
      Commented on:
      Investor Assesses China Techfaith Wireless' Weak Stock Performance (CNTF)
      I can't understand the drop either. Guidance for Q3 was for revenues to be up 10-15% sequentially from Q2 with similar net income margins as in Q2 (45%). For whatever reason, the two analysts who follow the company have lowered their expectations for FY05 and FY06 in the past few weeks. The new expectations can be found here:

      tinyurl.com/7l44a

      They still expect strong y/y growth in FY06 of roughly 30%. Stock is trading at 8x FY06 estimates. Looks cheap to me, esp. with $3.00/share in cash on the balance sheet.

      Why did they cut estimates?? Who knows. The company did say that they had fewer design wins during Q2 than in Q1, so perhaps that is fueling some fear that revenues and eps will not be as strong in coming quarters.

      Other concerns? There will be a lot of shares coming off lock-up in November, but there have been no Form 144 filings showing intent to sell.

      Looks really oversold to me, but without news regarding business and current trends, the stock will sink in this vacuum. Very frustrating.
      View article »