Sinocoking Coal shares have continued their strong momentum into this morning's trading session. Recall, we added the stock to our data base on February 10, 2009 at $4.30. At near $20.00, SCOK now trades a P/E of 15 on June ending 2010 forecasted implied EPS of $1.26. Investors should be aware that as SCOK enters 2011, it may require financing to achieve its aggressive expansion plans to expand capacity.
Now, i am curious if GeoBargains LLEN and SGZH will follow suit.
A short-term conclusion on SGZH is a little tough since the company has little IR and had, what appears to be, some temporary issues that negatively impacted its 2009 third quarter results. Still, the company trades at a P/E of 5 and a low price to book multiple.
LLEN trades at a P/E of 9 on April ending 2010 EPS guidance of $0.94 and is well into its expansion strategy.
a Adjusted for a 25% tax rate.
Other Chinese coal companies include PUDA, YZC, CCOZF.
Coal