- Posts: 515
- Thank you received: 21
gangho wrote: Can try ISDN. A local cmy with huge presence in China. Good div yield stock too
ethan999 wrote: Hi Yeh,
Sino Grandness closed at over 80 cents.
I'm happy to say I'm now up more than 100% on Sino Grandness and up about 70% on China Minzhong.Â
Although the rising tide of the recovering Shanghai Composite has certainly helped lift Chinese stocks around the world over the last month or so, there is no doubt that Sino Grandness has significantly outperformed.
The sky's the limit in terms of growth potential for Garden Fresh and if it gets listed in Hong Kong at the kind of valuations beverage companies are getting there, Sino Grandness will likely see a huge cash injection quite possibly even larger than its current market cap.
You should see all the bashing and pessimism onslaught that China Minzhong suffered back in the middle of 2012 when it was as low as 50 plus cents. Even when it was trading at a PE of just over 2 and less than half of NAV, people were saying it was a no hoper. Today it reached as high as $1.05.
Similarly when the Shanghai Composite went below 1,900 a few months ago, many were bearish and saying it would go lower, despite extremely low valuations and the fact that it had reached the same levels as it did during the Lehman crisis in 2008-2009.
All this goes to vindicate the tried and tested strategy of buying high quality stocks when everyone is bearish and volume is low.
Despite the big run up, barring any unforeseen circumstances, I intend to keep Sino Grandness until at least one or both of the following happen:
1. Shanghai Composite hits 3000. (This is nothing considering it exceed 6000 in 2007).
2. Garden Fresh gets listed in Hong Kong
No guarantees that the price won't suffer any corrections before then, but I'm a fundamental investor not a trader.
|Best World Int.||1.250||-|
|Federal Int. (2000)||0.250||-|
|Lian Beng Group||0.630||-|
|Trek 2000 Int.||0.150||-|
We have 2253 guests and one member online