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04-11-2010, 11:11 PM
(This post was last modified: 05-11-2010, 12:11 AM by stilicon.)
I wonder if anybody here studied this company. To play the large wave of urbanization in PRC, it seems interesting to me.
Taifook did a report on it in october 2010. I am a bit confused with what they say about coming div.
To me, at HK$1,36 today, it is still interesting, but without any margin of safety. With a correction at about HK$1,2, I would probably buy.
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Now you can buy , as during last 3 months the share price has tumbled and closed at $1.13 on friday 4th Mar.
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Surprise buy back of 14 mil shares at $0.80 on 17th Oct has been reported .
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Share price is now back at $1.36 after declaring int dividend rise from 3 cts to 6 cts.
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The annual results for the year ended 31 December 2014. Revenue mounted 26.4% yearly to RMB784 million.
Net profit amounted to RMB170 million, up 108%. EPS was 16 fen. A final dividend of HK10 cents was declared. A full-year dividend totaled HK16 cents was announced.
( Info posted on aastocks website )
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The company was delisted in late 2016 by privatisation and cash offer at $2.71 per share to investors .
The shares were offered at $0.82 by IPO listing in 2010 and so long term investors should have made a decent profit.
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