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16-05-2011, 12:44 PM
I also came across this small caps construction counter,
NAV is growing and at 0.39 based on Q3 announcement assuming all warrants converted into shares.
The company rewards its shareholders with good dividends.
I would consider to invest in it as backed by good prospect in local construction business,
while the development in China could be a catalyst. While the results show a decline in revenue for past few quarters, and the risk involved with PRC property development is higher.
NAV is growing and at 0.39 based on Q3 announcement assuming all warrants converted into shares.
The company rewards its shareholders with good dividends.
I would consider to invest in it as backed by good prospect in local construction business,
while the development in China could be a catalyst. While the results show a decline in revenue for past few quarters, and the risk involved with PRC property development is higher.