Nanjing Panda - H-Aktien - 500 Beiträge pro Seite

[MaxStirner]

Die in HongKong als H-Aktie notierte Nanjing Panda (0553.HK) gehört zu den Aktien mit dem höchsten Discount zum chinesischen Heimatmarkt. Anders gerechnet liegt die Prämie in Shanghai bei über 300 % ggü. HK.

Im 1. Hj. verzeichnete das Unternehmen über 80% Gewinnsteigerung durch seine Beteiligung an joint-ventures (Handy-Produktion) Hier der Link zum Bericht:
http://www.hkex.com.hk/listedco/listconews/sehk/20040910/LTN…
Die Homepage in englisch findet sich hier:
http://www.chinapanda.com.cn/en/index.jsp

Mit Volumen brach die Aktie ihren Abwärtstrend

[900392]

Thats it...


mfg 900392 (in Deutschland)

[MaxStirner]

in Dtl. geht wohl laufend nichts um. Besser gleich in HongKong 0553.HK kaufen und liegenlassen.

Die H-Aktien sind am 17.9. ausgebrochen.

[MaxStirner]

Der Handy-Markt in China scheint wirklich sehr umkämpft zu sein. Bei 1,48/1,42 (0553.HK) HKD besteht ein günstiges Einstiegsniveau.

China Cellphone Makers Slump
As Low-End Strategy Falls Short
Consumers Show Preference
For Sophisticated Extras
Offered by Foreign Rivals
By EVAN RAMSTAD
Staff Reporter of THE WALL STREET JOURNAL
September 23, 2004; Page B5
HONG KONG -- China`s cellphone makers, who once alarmed their U.S. and European rivals with rapid growth in the world`s largest mobile-handset market, have fallen into their second slump in two years.
A couple of years ago, China`s phone makers were flooding the domestic market with low-price models, undercutting foreign producers and threatening to spark price wars overseas. While the number of new cellphone subscribers in China continues to increase at a healthy clip, consumers are showing a clear preference for high-tech models with built-in cameras, dictionaries and other features offered by bigger, more innovative multinational companies.
China`s top domestic producer, Ningbo Bird Co., said last month its revenue for the first six months of 2004 fell 19% from a year earlier. The No. 2 maker, TCL Corp., said its first-half unit sales slid nearly 7% from the same period in 2003. Subsequently, TCL has experienced sharper declines. It reported a 13% year-to-year fall in July unit sales and a 39% decline for August.
Meanwhile, multinational rivals such as Motorola Inc., of Schaumburg, Ill., Finland`s Nokia Corp. and Samsung Electronics Co. of South Korea are winning back market share, according to two market-research firms. The biggest gains have been made by Samsung and Sony Ericsson, a venture of Telefon AB L.M. Ericsson of Sweden and Japan`s Sony Corp., says Martti Mustila at Sino Market Research, which tracks sales in 358 Chinese cities.
CCID Consulting Co., a Chinese government-linked firm that uses wholesale figures, says the market share of domestic cellphone companies tumbled to 38% at midyear from slightly more than 50% at the start of the year. Sino Market Research`s retail survey shows a decline to 44% from 46% during the same period.
Analysts estimate that inventories of unsold phones at some domestic companies have grown to the equivalent of four months` production. The last time inventories were that high was during the last slump for domestic manufacturers, when the spread of severe acute respiratory syndrome hit sales in the second quarter of 2003. While the traditional summer slowdown in cellphone sales is partly to blame, the bloated inventory is leading to steep price cuts in China.
The troubles mark a reversal from the hypergrowth that Chinese cellphone makers experienced just a few years ago, when they grabbed market share from Motorola, Nokia and others. After Chinese regulators in 2000 licensed 24 domestic manufacturers to enter the industry, most of them began to quickly churn out new models using off-the-shelf parts and software.
That strategy has fallen short, as cellphone innovation has accelerated. While the world`s top producers are pushing ahead with phones that incorporate megapixel cameras, MP3 players and even hard-disk drives, only a handful of Chinese companies have developed the skills to design a phone from chips up. Most instead receive help from cellphone makers in Taiwan and South Korea, chip makers in the U.S. and Korea, and design and software consultants in Europe.
Some of those component suppliers are being hurt by the problems of their Chinese customers, too. Sewon Telecom Co., a debt-burdened South Korean company that supplied partially-finished phones to Chinese makers, in May filed a petition to go into court receivership. Wavecom SA, a French company that designed cellphone chipsets and software, announced this month it was exiting the business, citing in part the loss of work in China.
In addition, with their business largely confined to China, the Chinese manufacturers have found themselves at the end of the line for leading-edge components. "Last year, it was color screens. This year, they`ve had difficulty getting image sensors" for cameras, says Jun Dong Soo, senior vice president at Samsung`s semiconductor unit, which makes sensors, processors and other chips for cameras.
Executives at TCL hope the joint venture they forged this year with France`s Alcatel SA will give the Chinese company quicker access to better technology for mobile phones. "On the technological path, we have to admit we are still trailing the multinationals," says George Guo, chief operating officer of TCL`s mobile-phone business.
While analysts expect some consolidation in China`s cellphone industry, Mr. Guo says it is unlikely to happen while domestic manufacturers believe there is value in their government licenses. "They think their license is still worth something, and they want to hang on and hope they can make money," he says.
Write to Evan Ramstad at [e-mail]

[NOBODY_III]

(AFX UK Focus) 2005-03-04 10:39 GMT:
China`s Nanajing Panda Mobile executive arrested over irregularities - report

BEIJING (AFX) - Ma Zhiping, a director and owner of a 49 pct stake in Nanjing
Panda Mobile Communication Equipment Co Ltd, has been arrested for alleged
irregular practices, the West China Metropolis Daily reported.

"We are not allowed to comment on the matter," a spokesman from Nanjing Panda
Mobile, who declined to be named, told XFN-Asia.

No further details were provided.

Nanjing Panda Electronics, which owns the other 51 pct interest in the company,
has several joint ventures with multinational companies including Nanjing
Ericsson Panda Communication Co Ltd, its 27 pct owned joint venture with
Ericsson; and Ericsson Beijing Mobile Communications, its 20 pct owned joint
venture with Sony Ericsson Mobile Communications.

Nanjing Panda Electronics, which is due to issue its 2004 annual report on April
28, closed at 4.49 yuan today in Shanghai, down 8.37 pct, or 0.41 yuan.

(1 usd = 8.3 yuan)

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Quelle: Interactive Investor (GB)