CXDC cinesischer Automobilzulierer

das der chinesische Automarkt Zukunft hat ist jedem bewusst. Aber vielen haben vergessen diesen Gedanken in ihr Depot einzubauen.

http://www.google.de/...amp;start=34&ndsp=35&ved=0CNMBEK0DMCg

Gute 'Nachrichten:
www.theguardian.com/environment/chinas-choice/2014/ma…

The Chinese government has announced plans to take up to 6 million vehicles that don’t meet emission standards off the roads by the end of the year, in a bid to reduce the country’s air pollution problems.

The move is part of a plan published by China’s cabinet, the State Council, which outlined emission targets for a number of industries over the next two years. The State Council said that some pollution targets are not being met for the 2011-2013 period and that action needs to be stepped up.

Ich habe gestern für 9,18 gekauft. Shortinterst auf Rekordhöhe. Gut das die Burschen dagegen halten.

Despite its overseas listing on Nasdaq, automotive compounder China XD Plastics Co. Ltd. has been a fairly domestically focused manufacturer. Until now, that is.
The Harbin, China-based company is aiming to expand beyond China and establish manufacturing presence abroad. As a first step, XD is launching a compounding facility in Dubai, a strategic location that the company said will cover not only Asia but also Russia, Europe and the Middle East.
XD said it is in the process of registering the Dubai plant and ordering equipment. Production can start later this year or in early 2015.
The Dubai subsidiary, AL Composites Materials FZE, will be housed in an existing facility, XD paid about $600,000 for the plant and is spending $80 million to retrofit the infrastructure and add equipment.
Capacity of the Dubai plant will start small, between 5,000 and 10,000 metric tons per year, with an eye toward possible expansion down the road, said Taylor Zhang, chief financial officer. He added that the Dubai operation is expected to achieve high profit margins, in the range of 30-50 percent this year and next year.
Chairman and CEO Jie Han explained the decision to investors in a recent earnings call. “There are sufficient and ample availability of raw materials in the region,” he said, “And secondly, we do have a lot of international suppliers that have subsidiary operations in the region.”
Tax benefits are also part of the equation, Han noted, “There is zero taxation.”
Chief Operating Officer Qingwei Ma added that Dubai offers very convenient logistics, flexible currency, state-of-art custom facilities as well as access to global talent.
North America is another piece of XD’s global strategy, Han said. “We do have the intention to expand into North America, ideally in the United States, sometime in the future,” he said.
XD emphasized its positioning in the global market with what it called “high-end standardized products,” vs. the highly customized materials it supplies to Chinese molders. The company is targeting established and larger global customers, in contrast to the small and fragmented customer base it in China.
The standardized approach has generated success in XD’s direct sales in South Korea, where the company supplies mainly two product categories — nylon 66 and long chain nylon 12. XD claims the products are priced 10-30 percent lower than comparable international competition.
To illustrate its shift to high-end products, XD said it has ramped up R&D efforts to develop new products. The company expects to see some commercial success with polylactic acid in the third quarter and it’s also making progress with the testing of PEEK.
XD said it has evaluated other international locations such as Germany, and is still evaluating locations such as Singapore and India.
While overseas sales only represents 10 percent of XD’s total sales, Han said overseas market will represent 20 to 30 percent of annual growth in the near future.
XD projects its 2014 full year sales to be in the range of $950 million and $1.05 billion, with net profit between $100 million to $120 million.
Domestically, construction of XD’s Sichuan plant is due to begin this month and production is scheduled to start at the beginning of 2016.

habe in den letzten Tagen gekauft und freue mich auf Montag. Zur Zeit sind über 2 Millionen Aktien leer verkauft. 18% Instis und 67% Insider, also nur 15% in der Hand von freien Aktionären.
Das könnte ein großes Problem für die Shortseller werden.

Conference call answer to dividends.
Taylor Zhang - Chief Financial Officer

So for dividends he (Chairman) said today definitely the company we will do that. And so for share repurchase I think Chairman Han said, we think we are happy with our capital structure and any further share purchase we actually reduced the capital flows and which maybe negatively impact the liquidity of the stock.

Diese Aktie scheint jetzt endlich zu erwachen.
KGV von 4, fairer Wert bei 12$

Die Kundenliste kann sich sehen lassen:

The Company's products are used in the exterior and interior trim and in the functional components of 31 automobile brands manufactured in China, including without limitation, Audi, Mercedes Benz, BMW, Toyota, Buick, Chevrolet, Mazda, Volvo, Ford, Citroen, Jinbei and VW Passat, Golf, Jetta, etc.  

Wir sind noch weit weg von einer fairen Bewertung. Im Sommer 2014 hatte ich hier schon mal ein nettes Kursfeuerwerk. Ich könnte mir vorstellen das dieses Jahr viele der chinesischen Aktien, die unter einer dramatischen Unterbewertung leiden, in Richtung faire Bewertung laufen.

Ich muß zugeben das ich das mit den Convertible Notes absolut nicht verstehe. Was hätte Morgan Stanley davon die Notes in Aktien zu konvertieren wenn der Kurs unter 6.x $ ist? Müssen die konvertieren falls CXDC sagt, wir haben keinen Bock Euch den Kredit zurückzuzahlen, sondern geben Euch lieber Aktien?

Siehe Kens Discussion