"CoP cannot have gone up six times"
=== not necessary ...
2006 8.05 Yuan = 1 USD
2008 10.7 Yuan = 1.51 USD (7.10 Yuan / 1 USD)
2010 14.1 Yuan = 2.06 USD (6.83 Yuan / 1 USD)
2013 21.5 Yuan = 3.468 USD (6.20 Yuan / 1 USD)
Annual CoP increase 15% + appreciating CNY/USD
= 3.468 times
If CoP = USD 5 in 2006, CoP = USD 17.34 in 2013.
Chinese exporters also incur VAT, export taxes (15% to 25%) and the export quota cost.
LYC CoP = USD 14 or USD 15 (Investor presentation 4/2/2013)
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Last
$9.99 |
Change
0.270(2.78%) |
Mkt cap ! $9.345B | |||
| Open | High | Low | Value | Volume |
| $9.75 | $10.15 | $9.71 | $68.77M | 6.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $9.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 15550 | 7 |
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| LYC (ASX) Chart |