Updates

Haike Chemical Group - Earnings forecast of 30.2p for next year

October 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares fell sharply in the wake of comments from the governmentagency (NDRC) responsible for setting domestic prices for refined oilproducts that despite the high price of crude oil, there will be nofurther price adjustment notices for oil products this year. The average cost being paid for crude oil in Q2 was regularly overUS$70 compared to US$56 in Q1 and as a result, Haikeâ€™s refining marginscontinue to be squeezed. Reflecting this, Q2 results annoucned thismonth came in worse than expected. Overall, Q2 revenues for the groupwere up 32% to US$97.6m compared to Q1 but pretax profit declined by57% to US$2.6m (earnings for the quarter: 4 cents). However, thisincluded US$1.8m one off costs relating to the companyâ€™s admission ...

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Haike (August 2009)

Haike (July 2009)

Haike (May 2009)

Haike (December 2008)

Haike (September 2008)

Haike (August 2008)

Haike (July 2008)

Haike (May 2008)

Haike (January 2008)

Haike - NDRC raise local oil product prices (December 2007)

Haike (August 2007)

Haike Chemical - Q1 results (June 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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