Noticed a very spike in vol for CJ Fertilizer at 8.4 m shares in total after lunch break. So so business, stable, but the only thing attractive that I am aware of is the price of 26 cents which is PE of just 4.5, unlike China XLX which is prob around 15X. Anyone knows this CJ well?
Doing quite well, with stock price at 28.5 cents yesterday on nearly 3.4 million shares. Probably a steady and undervalued business but the growth potential is not sizzling. After all, how many more bags of fertilizer can you produce - unless you increase capacity of production? Or you acquire competitors but that\'s another issue which has its pros and cons. Stock could touch 35 cents in short term
sharp rise of 2 cents to 25 cts now for CJ Fertlizer, a normally sleepy stock - as sleepy as the farms that its fertilizer works on! PE is about 4.9X - not expensive but will the ground go fallow once again after a burst of activity in the springtime? Should one buy it now and sell it quickly, as in make hay while the sun shines?
I dont think it's just this stock and a few other S-chips which are doing fine in these couple of weeks.
overall, the market sentiment is much better now that the US and Europe crisis seem to be part of the history books & starting to collect dust.
CJ Fertilizer is up 1.5 cents now to 26.5 cents, a re-rating that is fair, as is the case with many S-chips like Yangzijiang.
Wont be surprised if China Gaoxian (19.5 cents) is embraced warmly after a long winter in the market. This is 2.8X PE, which is absurd and headed for warmer reception on the Korean stock exchange in a matter of weeks or months and will trigger a re-rating of the stock in Spore.
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