Check this out on CHCL.
In a message dated 2/6/00 6:38:56 PM Eastern Standard Time,
Editor@wallstreetwest.com writes:
CHINA CONTINENTAL: ANOTHER UNDISCOVERED CHINA SUPERSTOCK?
China Continental, Inc. (OTCBB: CHCL: $1.31). We didn't think there were
any cheap China stocks left until we ran across this one. We told you about
CHCL this past week via stock alert in the .90 area. By the end of the week
it ran as high as $1.40. Our gut feeling is that there is some serious
accumulation happening here. We don't know who or what is doing the buying,
but it seems to be happening slow and steady. This is the best way, as
typically the faster a stock goes up the faster it comes crashing down. If
the accumulation can continue over the next several weeks we see no reason
why the stock couldn't run much higher like other China stocks (ZICA from $2
to $30, HRCT from $1 to $20, FRLK from .20 to $25). The assets, revenues,
and earnings of CHCL and the low stock price will blow your mind! Here is
the story:
China Continental historically desings, installs and sells production lines
on a turn-key basis. CHCL has since diversified its business activities by
capitalizing on the tremendous opportunities in the agricultural genetics
industry in China. The company has also expanded into the manufacturing of
chemical fiber-related products and steel drums in the People's Republic of
China (PRC) and the distribution of these products in both the PRC and
international markets. The current focus of CHCL is in the application of
technology to various industries. China Continental has also embarked on a
livestock and genetic engineering joint venture that entails the importation
of Boer goat embryos, through TeMania International Limited, for implanting
into local recipients. Here are highlights from the latest investor package
that we received from the company this week:
BUSINESS AND SUBSIDIARY OPERATIONS:
DANBURY, INC:
Produces and installs machinery on a turnkey project basis
Profitable -- 5 years of consistent profits
Completed over 70 turnkey projects throughout China, varying in size from US
$300,000 to $5 million
Backlogs of US $35 million as of December 1999
Leading provider of total system integration solutions to manufacturers in
China
DONG WU BIO TECH FARM:
At 1.3 billion, China has the largest population in the world and is growing
at 15 million annually.
An annual increase of 12.6% in meet production is needed to meet the growing
population and increasing demand.
By year 2002, China is expected to experience a shortage of 290,000 tons of
beef and 200,000 tons of mutton
Total demand for beef and mutton is estimated to be worth U.S. $40 billion
Dong Wu Bio Tech Farm:
owns approximately 406 square Km. of farmland.
Has the latest high tech agricultural genetics from New Zealand and farming
facililites from Japan
Inviting globally acclaimed ET/AI consultants in TeMania International from
New Zealand
Will lead the China Market:
To improve the productivity and quality of the agricultural and livestock
industry
By making available the latest techniques and know-how in agricultural
genetic technology and farming.
Will attempt to supply quality meat valued at US $400 million in the PRC by
year 2002.
WEIFANG GREAT DRAGON COMPANY LIMITED
Import of Seafood to China has increased by 3.4 times over the last four
years:
The tremendous growth in the importation of seafood is attributed to the
serious depletion of resources in the coastal fishing area of China due to
excessive fishing, limited deep-sea fishing equipment, and growing population.
In the year 2002, the import of seafood to China is expected to increase to
5 million metric tons with a value of US $7 billion.
Weifang Great Dragon has the high technology chemical fiber manufacturing
plant imported from Germany and the United States.
Has 70 skilled technicians trained in Germany
The fully automated plant is capable of producing 16,000 metric tons of
deep-sea trawler fishing net fabrics annually. It produced 5,700 metric tons
of fabrics in 1999 and plans to increase production to 11,300 metric tons by
2001.
The Company will lead the Asia market by importing quality seafood to China,
through counter trade arrangement to meet the growing demand.
Targets supplying quality fishing net fabrics valued at $21.6 million by the
year 2002
JINAN XIN DA SHUN COMPANY LIMITED
Over the last 10 years, the oil industry in China has grown at about 15% per
year.
China currently exports about 50 million drums of oil and related
petrochemical products.
The rapidly growing industry will in turn require more packaging and
containers in the form of steel drums
Jinan Xin Da Shun has the latest high technology steel drum manufacturing
plant imported from Korea.
It is currently only one of four high technology steel drum manufacturing
plants in China, which is accepted by the insurance companies to cover for
export.
It Produced 420,000 steel drums in 1998 and plan to increase production to 1
million during year 2000.
Since 1997, has established markets with major petrochemical companies in
the Shandong Province and the Tianjin province. (the Shandong province is the
second largest chemical export port in China.
Jinan Xin Da Shun will lead the China market by supplying high quality steel
drums in the growing petrochemical industry.
Targets supplying quality steel drums in China is valued at US $34 million
by year 2002
STRONG FINANCIALS
CHCL has been consistently profitable for five years. According to the
latest financials provided by the company, CHCL had total assets valued at
$251 million as of the quarter ended 9/30/99. Total sales for nine months
ended 9/30/99 was $30.4 million. Net income for that period was $13.5
million. Earnings per share for a trailing 12 month period are reported to
be .20 per share.
CONCLUSIONS
We like the fact CHCL has apparently not yet been discovered by analysts on
Wall Street. What this stock is doing on the OTCBB priced at this level is
beyond belief. We wouldn't be surprised to see this company apply for a full
NASDAQ national listing shortly. We also like the fact that the company
issues regular press releases informing the investment community about its
latest activities. We are looking for a much higher stock price over the
next several days. For more information about CHCL contact Mr. Harvey A.
Goralnick at 1-212-752-9445. Here is a list of the latest news stories:
quicken.com
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