China Yuanbang reported a 24.8% decline in revenue and net profit dipped 90.7% in 1H08 due to fewer units sold in the period. Despite lower revenue, the Group recorded a 17.8% increase in gross profit as the units sold were of a higher ASP.
SYNOPSIS : Counter remains undervalued. Recent market weakness offers a good opportunity to accumulate. We maintain our BUY recommendation on attractive valuation.
We have seen some strong price movement in Jade Technologies recently. The share price rose from $0.08 to $0.22 within seven trading days. However, the share prices of the other penny stocks have yet to move, partly due to poor trading sentiment and fear.
EDB tax incentives are not included in its first quarter results as submission for it is in August thus the savings in tax provisions would only be shown in HG Metal’s FY08 results.
Equipped with three production lines in the Guangdong province, which have a combined output of approximately 56,000 tonnes per annum, CFP produces four different categories of BOPP film, namely high shrinkage film, low shrinkage film, synthetic paper and 5-layer BOPP film.
I have been very patient with my portfolio, sitting on it from the Year of the Monkey to the Year of the Rooster, Dog and, finally, the Year of the Pig. Sensing that the “pig” is well fed and ready to be slaughtered, I took the decision to take profit.
The company manufactures its tower cranes in Fushun City, Liaoning Province, China, which occupies a land area of 160,000 sqm. Upon receiving a customer’s confirmed order or down payment, YH is generally able to deliver a tower crane within 60 to 180 days.
Dilution refers to the reduction in the per share value of a stock. Dilution occurs when a company issues new shares of stock. This could occur, for example, as part of a secondary offering, merger or acquisition activity, or to satisfy incentive option plans. These actions cause the total number of shares outstanding to increase and the percentage of ownership represented by one share of stock to decrease. In other words, the pie is cut into a greater number of
