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 Tracking 1053 U.S. listed China Stocks and Counting...
 Tracking 1535 U.S. Stocks and Counting...

 Sinocoking Coal & Coke (NASDAQ:SCOK)

Monday, February 22, 2010

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.

Valuation Comps. Trailing P/E 2010 P/E P/Book
SCOK 15 15 6.26
SGZH 5 n/a 1.77
LLEN 18 a 9 6.94

a Adjusted for a 25% tax rate.

Other  Chinese coal companies  include PUDA, YZC, CCOZF.