China High Speed Transmission 0658

[winston]

Vested. MS sold 11.9m shares, reducing their stake from 5.28% to 4.41%.

http://sdinotice.hkex.com.hk/di/NSForm2 ... g=EN&dia=Y

[profittaker]

vested.

short selling
* 2010-11-17
* 338000
* 2.82%

* 2010-11-16
* 151000
* 0.93%

* 2010-11-15
* 1394000
* 12.52%

http://hk.eastmoney.com/sellshort.html?code=00658

[profittaker]

exited this ticker.

[winston]

Vested.

1) Wind Power is expected to grow 35% this year and 30% next year. Please see the "Wind Power" thread under the "Business Sectors & Industries" section.

2) JPM bought 4.6m shares, increasing their stake to 12.3%

http://sdinotice.hkex.com.hk/di/NSForm2 ... g=EN&dia=Y

[profittaker]

2010年11月24日17:42

Citigroup starts China High Speed Transmission (Hong Kong Stock Code 0658) at Sell with HK$14.00 as target.

The house says the company’s earnings growth is slowing due to increasing capacity for competing solutions, clients producing direct drive systems in-house, which hurts its ability to pass through cost increases.

The house’s FY11, FY12 EPS forecast 19% below consensus, due to lower gross, operating margin outlook.

“We attribute this to rising production costs, higher competition from domestic and alternative solution providers, and factoring in higher operating expenses driven by its new business development.”

http://finance.qq.com/a/20101124/006019 ... 0%E5%8A%A8

[winston]

Vested

DJ MARKET TALK: MS Cuts China High Speed Target To HK$15.50

0947 [Dow Jones] STOCK CALL: Morgan Stanley cuts China High Speed Transmission (0658.HK) target to HK$15.50 from HK$20.60, as the house cuts its FY10 EPS forecast to CNY1.06 from CNY1.08, and its FY11 EPS forecast to CNY1.09 from CNY1.25.

Says the stock has underperformed the HSI by 36% year-to-date, and consensus expectations have now become realistic.

"While we are positive on potential growth in high-speed train gearboxes, it will not be a large contributor over the next 1-2 years. Visibility on new business initiatives is low."

The house maintains an Equalweight rating. The stock ends +2.1% at HK$13.66 Friday.


Source: Dow Jones Newswire

[winston]

Tuesday Morning Short Selling 800,000

[winston]

Vested

1) Short-selling is negligible today

2) JPM sold 1.8m shares at 13.62

http://sdinotice.hkex.com.hk/di/NSForm2 ... g=EN&dia=Y

[winston]

Friday's Short Selling 1.8m shares ( out of 18m shares )

[winston]

This morning ShortSelling at 2.8m shares ( out of 14.7m shares )

There's alot of selling out of CLSA, Merrill Lynch and Citigroup.