Powerlong 1238

[soros]

Brokers TP ( target price) for Powerlong :

Report issued on 25 March by Southwest Securities : BUY and gave TP at $5.61

Report issued on 26 March by ABCI : BUY and gave TP at $5.61

Report issued on 6 May by Guotai Junan : BUY and TP not stated .

Report issued on 24 Jun 2019 by Deutsche Bank : BUY and gave TP at $5.12

On 8 Jul 2019, Powerlong report the contract sales for 6 months to 30Jun 2019 was up 78% year on year.

So I would expect higher TPs for Powerlong.

[bmann025]

Now All Time High

[soros]

Yes. shareprice at market closing today was $5.04. I am looking forward to trending higher.

Thank you for starting this thread in 2017 and drawing our attention to 1238 shares with good potential to win.

[bmann025]

This time, Poly Properties 119 beats them all.
https://www1.hkexnews.hk/listedco/listco...822049.pdf

Whopping 101 cents for half year, on course for 1.x PE ...

One of the lowest P/B (0.35),
however, high gearing high, similar to 1238
and only 20% dividend payout last 2 years, but even 20% payout could mean 10%+ yield.

[soros]

The results for Poly Properties ( 00119.hk) look good but there is no interim dividend declared by the company .

I still prefer Powerlong because it has a track record of rising dividend since 2012 and this year's interim dividend has been raised to 9 cts. ( 6.8cts in 2018 )

[soros]

Further to my post #21 , some more TPs for Powerlong :

Report issued on 23 Aug 2019 by Zhongtai International : BUY and gave TP at $5.85

Report issued on 24 Aug 2019 by Industrial Securities : BUY and gave TP at $6.30

Report issued on 24 Aug 2019 by Southwest Securities : BUY and gave TP at $6.38

Report issued on 25 Aug 2019 by Citibank : BUY and gave TP at $6.00

Report issued on 25 Aug 2019 by Huatai Financial : BUY and gave TP at $6.01

Report issued on 26 Aug 2019 by UOB Kay Hian : BUY and gave TP at $6.01

[soros]

Powerlong share price suffered a minor crash and lost 10% today and closed at $5.40 . This fall in share price came after news of a 146.5 Mil share placing at $5.40.

The total number of shares issued was 3,997 Million + 146.5 Mil placed now = 4,143.5 Million ( new total.).

This is about 3.54% increase in total number of shares .

I believe such increase is nothing to cause loss of sleep for investors.

[soros]

Unaudited operating stats announced on 8 Oct 2019,

The total contracted sales value (including contracted sales value by joint ventures and associated companies) and total contracted sales area of the Group for the nine months ended 30 September 2019 amounted to approximately RMB45,130 million and 2,783,787 square meters, respectively (as compared to RMB28,820 million and 1,904,475 square meters for the nine months ended 30 September 2018), representing a year-on-year contracted sales value increase of approximately 56.6% and a year-on-year contracted sales area increase of approximately 46.2%.

http://iis.aastocks.com/20191008/003616908-0.PDF

[soros]

It seems the recent 25% fall from $6 to $4.50 level in share price was caused by removal of company from MSCI China Small Cap Index.

Zhongtai International has kept a "buy" rating on Powerlong shares, with target price $6.29 .

This target price looks achievable since the Powerlong has been reporting higher turnover compared to last year.

[soros]

Copied from the company's unaudited operating statistics for Nov 2019.

http://iis.aastocks.com/20191206/9092212-0.PDF

"The total contracted sales value (including contracted sales value by joint ventures and associated companies) and total contracted sales area of the Group for the eleven months ended 30 November 2019 amounted to approximately RMB55,308 million and 3,454,610 square meters, respectively (as compared to RMB37,524 million and 2,530,211 square meters for the eleven months ended 30 November 2018), representing a year-on-year contracted sales value increase of approximately 47.4% and a year-on-year contracted sales area increase of approximately 36.5%."

So this means Powerlong's sales target of RMB 55 Billion in 2019 has been reached