WuXi Pharma WX continues to drop

Reading Time: 2 minutes WuXi Pharma Tech (NYSE:WX) continued to slide, during my absence. One (main) concern is heavy insider selling (source: seekingalpha) lately, after the secondary offering was suspended on May 4. I double checked the F1 filings for secondary offering (principal and selling shareholders), and found its CEO Dr. Ge Li was going to sell 8 million… Continue reading WuXi Pharma WX continues to drop

Got some WX Wuxi Pharma again

Reading Time: < 1 minute I bought some Wuxi Pharma (NYSE:WX) shares today, last year I traded it shortly after its IPO in Aug/Sept. Recent developments Q4 and full year 2007 results (MSN Money): total net revenues increased 93.3% to $135.2 million (compared to 2006); Chemsitry CRO of the year by Pfizer; Q1 2008 results to be released on May… Continue reading Got some WX Wuxi Pharma again

Fourth quarter 2007 update

Reading Time: 2 minutes The miserable performance of CROX erased much of my 2007 gains. But thanks to the rebound of Mindray (MR), I am still be able to be above water 🙂 Some random thoughts of Q4 and year 2007 stock performance: 1) Crocs (CROX): I agree with my friend StrengthTrader, Crocs is a fashion product. It’s almost… Continue reading Fourth quarter 2007 update

Squeeze the bubble

Reading Time: < 1 minute In last few days many new Chinese IPO listed in the US are under pressure, notablly: E-House China (EJ), China Digital TV (STV), Wuxi Pharma (WX) and last but the least, Giant Interactive (GA), the No. 1 online gaming company in China, owned by well known Chinese entreprenur Mr. Shu Yuzhu. According to CnAnalyst, GA… Continue reading Squeeze the bubble

Is the Chinese bull market over?

Reading Time: 2 minutes (Update Nov. 17) Shuipi of ChinaTimes(水皮华夏时报) wrote this interesting piece on his newspaper. (Original) It looks like it, from the highs at 6,200 in early Oct to 5,200 now. But wait a minute, recently the US stock market suffered big loss because of the sub-prime meltdown, and weakening of the dollar. How could the mess… Continue reading Is the Chinese bull market over?

WuXi Pharma Tech Q2 results

Reading Time: < 1 minute Here are the results from Yahoo Finance, some highlights: Second Quarter 2007 Highlights: — Total net revenues increased 99.3% over the second quarter of 2006 to US$30.2 million. (1H revenue $64 m, slight decline over Q1 2007?) — Net income increased 482.1% over the second quarter of 2006 to US$7.1 million. — Diluted earnings per… Continue reading WuXi Pharma Tech Q2 results