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Another one of those undervalued companies.
Book value of 42cents while it trades at 8.6c or almost an 80% discount to book value
While profits has been declining due to the current high inflation environment in China, the Supply Chain Management business is expected to grow in an economy which emphasizes on domestic consumption.
Closest comparable would be Teckwah or Tat Seng Packaging. Both of them are doing really well while fung choi lags behind.
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yes this looks dirt cheap!
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F&N bought Fung choi at 30+ cents last time
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Any fundamental reasons for the cheap valuation?
(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time
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VBs here forgot it is a S-chip....
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(26-08-2014, 10:35 AM)opmi Wrote: VBs here forgot it is a S-chip....
i agree. i was "misled" by "F &N" too. i tend to forget even professional or expert can miscalculate. Anyway, anything to do with S-CHIP (CHINA), i will be very careful.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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