The business has delivered surprisingly good results so far, and Mr Wong & his management deserve to be congratulated. If the stock, however, has not sizzled, why am I not surprised? It is one of many undervalued gems around! And if u ask enough people, u will know that they are simply uncomfortable with the slumping US and European housing markets that Man Wah depends on. I think Man Wah can do something abt the stock price - it shld deliver higher dividends.
CEO Mr Wong\'s purchase of 2.5 million shares on 19 March coincides with the ending of the 22nd International Famous Furniture Fair in Dongguan, PRC. It can be a positive indication of order taking. Mark Lee has provided a good update of Man Wah at the fair:
www.nextinsight.net/content/view/990/60/