Good luck for your visit to China. You should have a look at Eratat Lifestyle and Changjiang Fertilizer as well, all undervalued with great growth potential.
Below is a posting from another forum that may be of interest to some readers here:
" I work at a hedge fund and we're looking at taking a sizable position in Qingmei (similar to Hunter from AUS). Just got done visiting with management a week ago. Our approach is value based and the new capacity which is online along with new capacity being developed will offset the additional tax rate#. It is hard to find equities paying dividends over 10% in a currency we like (SGD). Management's interest is also aligned with ours. The sell off was driven by buyers at the IPO who wanted to liquidate and were holding onto their shares for an opportunity to break even. With prices where they are it's a steal! " - 27 May 2011: 2:45 am # - Do note the following from IPO prospectus: “Upon expiry of the tax holiday on 31 December 2011, a unified income tax rate of 25% is applicable to Qingmei (PRC)” Current tax rate is about 12%.
If what the writer said is true, shareholders can expect some activity in this stock soon; if not, they may have to wait until August 2011.
a) It cannot be permissible for a fund manager to publicly state that his fund will be buying a specifically named stock. If he said so in a mainstream media, he will be in hot soup. If he did it anonymously in an online forum, he must be viewed as having a hidden agenda.
b) A fund manager who publicly says he is buying a specific stock is only shooting himself in the foot, and undermining the interest of his employer/fund especially if the stock price runs as a result.
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