CHINA FIBRETECH

Let's look out for a good 1H profit, and the stock can fly after that. If not, hentak kaki for another long period. 5.6-5.7 cents this morning. What's intersting is that there is goood volume traded for this stock.

It might be a good idea for punters for this stock to track the cash level at company level for this counter.

Cash level at company level is the cash the subsidiaries flow up to the holding company (china fibretech), so that the company can give out dividends if they want.

The cash at company at most recently quarter is 3k rmb

the prior 2 quarters 1 K =p =p,

granted it is because of the loss making quarters, but if you track backwards for the last 2-3 years, it ranges from 6 k to 400 over k.

Compare with foreland, which used to give dividends, the contrast is glaring

After release of 1H results with a profit.....

the share price is now 6.8 cents with 9 m shares traded so far today!