Executive chairman Zhu Chengbao owns 58% in CJ Fertilizer. Right: Joel Leong, CFO. Photo by Sim Kih

Today, China XLX recently traded at HK$4.51, which translates into about S$0.81 cents. On the Singapore bourse, the stock is S$0.685, a discount of 16% at lunch break.

XLX's smaller peer, CJ Fertilizer, was pretty active this morning, with 31.1 m shares done. The stock is up 2 cents at 29.5 cents.

The catalyst was UOB Kay Hian releasing its initiation report on CJ Fertilizer with a 42-cent target price. Click here for the full 24-page report.

The PE valuation gap between CJ Fertilizer and China XLX is pretty wide.

A check with Bloomberg this morning showed that CJ Fertilizer is now at PE of just above 5, while XLX is around 23. That’s an ocean apart!

Read our earlier story when CJ was 24.5 cents: CJ Fertilizer is cheapest among its peers 

Lin Wenchang, CEO, China Taisan. Photo by Sim Kih

Stock had a strong morning run, up 2.5 cents at 22.5 cents. Company announced last night that it had secured approval from US authorities to list its ADRs.

The company had a roadshow two weeks ago in Hong Kong for the local investment community, which was organized by Aries Consulting.

With the ADR approval, the company still has a long way to go before US fund managers can buy the ADRs.

Check out the time line in the story we did recently. SINOTEL: What happens next in ADR journey? And when?

Check out also our story CHINA TAISAN: PE at 2.8X vs 9.8X for HK-listed peer


Healthway, a new market darling, is consolidating, closing unchanged this morning at 16 cents.

Abterra too has stopped rising. Is down 0.5 cents at 5 cents.

Seems like Charlie Lau accurately read the short-term technicals on these two stocks this morning in an article Hi-LITE: Technical analysis of ABTERRA, HEALTHWAY, ROXY-PACIFIC .

Dr Ng Cher Yew, exec chairman, Oceanus. NextInsight photo


Oceanus was down as low as 40.5 cents probably on contra-selling and profit-taking, before recovering to close at 42 cents at lunch break.

The price trails that in Taiwan, where the TDRs were steadily inching up in the morning, closing at lunch break at NT$11, which is equivalent to 48 Singapore cents.

That is the highest it can go today, as there is a 7% (upside and downside) limit for TDRs in a single day.

Share Prices

Counter NameLastChange
AEM Holdings3.4000.090
Alliance Mineral0.420-
Avi-Tech Electronics0.480-
Best World Int.1.3300.010
China Sunsine1.0400.010
CWG International0.194-
DISA Limited0.0150.001
Dutech Holdings0.340-0.005
Federal Int. (2000)0.390-
Food Empire0.695-
Geo Energy0.2700.005
Golden Energy0.4100.010
GSS Energy0.159-0.001
Heeton Holdings0.5900.010
KSH Holdings0.795-0.010
Lian Beng Group0.765-
Nordic Group0.570-
Oxley Holdings0.6950.025
REX International0.0650.001
Serial System0.1660.001
Sing Holdings0.445-
Sino Grandness0.2100.005
Straco Corp.0.8650.015
Sunningdale Tech1.860-
Sunpower Group0.5500.010
The Trendlines0.1530.004
Tiong Seng0.380-
Trek 2000 Int.0.2700.005
Uni-Asia Group1.300-
XMH Holdings0.2700.030
Yangzijiang Shipbldg1.6400.060

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