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Non-Tech : Beijing YanHua Petrochemical (BYH) Taking Off -- Ignore unavailable to you. Want to Upgrade?


To: Jim Lou who wrote (90)1/13/1998 1:55:00 PM
From: hui zhou  Read Replies (1) | Respond to of 257
 
All things consider. Don't know it is already pricing in the stock price. Here are some factors will depressed the earnings:
1. Possible RMB depreciation will translate less ADR EPS.
2. China is talking about deflation. That could depress pricing power and earning.
3. Economic is slow down to 8% predicted this year translated less oreder and earning.
4. Big firm was forced by government to pick up the broken firm. That could make outlook weaker.
5. Additional shares will be issued as suggested. That could delute the earning.
6. Restructure is more difficult. Layoff worker is unpopluar.
Short term, the broken Preaguin Ltd(SP?) has to unload the Red chip.
That is keeping the lid on share price. But the Chinese new year rally is coming?