10-03-2015, 06:49 PM
(10-03-2015, 06:38 PM)butcher Wrote: Why not? I see that P/E at 3.22 times based on 28 cents closing price today at google finance.
Net assets value at 31/12/14 at RMB 2.34 which approximates S$0.51 and assuming today NAV approximates that at 31/12/14 is it now trading at 45% discount?
Doesn't it fulfils the criteria of being a value investing opportunity in accordance to the value trading concept as practised by fellow value buddies here?
The problem here is how REAL is the $0.51 NAV? Eratat also looks super duper attractive before it go burst (trading below cash/share), but look at it now?

