Not vested. From Dr. Check, The Standard HK:-
Let's look at Changfeng Axle (China) (1039).
The company makes axles for medium-duty and heavy-duty trucks in the mainland.
Changfeng commands a market share of 43 percent based on last year's sales. Its sales and services network stretches across 30 provinces, autonomous regions and municipalities.
A vertically integrated production process that includes in-house molding operations allows the firm to reduce production time.
Revenue jumped sharply during the 2007-2009 period, hitting 176 million yuan (HK$206 million) in 2007, 417 million in 2008 and 801 million last year. That represents a compound annual growth rate of 112 percent.
For the six months to June 30 this year, revenue soared 109 percent year on year to 694 million yuan.
Morgan Stanley is bullish on the mainland's heavy truck market and has set a HK$6 target on Changfeng stock. With capacity expansion, it expects Changfeng to enjoy annual earnings growth of 35.6 percent during 2010-2102.
The stock now trades at HK$5.28 after recently revisiting its peak of HK$5.55. Near HK$5, the shares are a bargain.