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27-04-2014, 11:05 AM
David Webb disclosed he bought 5% of 1010 Printing (1127.HK) on Friday after market close.
He has a reputation as a smart value investor so I thought I would take a look at this company :
They are one of China's leading book publishers.
Market cap is HKD770m, and P/E is 6.3x.
Turnover last year grew 66% and profit grew by 84%, so it looks like the growth is priced very cheaply at the moment.
They publish a company newsletter with details of volume of books shipped, and this year looks like it is even better than last year. (See chart at the bottom) :
http://snipurl.com/28uopp9
Has anyone else looked at this ?
He has a reputation as a smart value investor so I thought I would take a look at this company :
They are one of China's leading book publishers.
Market cap is HKD770m, and P/E is 6.3x.
Turnover last year grew 66% and profit grew by 84%, so it looks like the growth is priced very cheaply at the moment.
They publish a company newsletter with details of volume of books shipped, and this year looks like it is even better than last year. (See chart at the bottom) :
http://snipurl.com/28uopp9
Has anyone else looked at this ?