Dear Mr Leong,
I studied the Company after reading Mr Vanburen article. Sounds like a decent company with stable growth prospects and sufficient safety levels at this valuation.
Have bought some shares over the past few days.
Do kindly provide more updates on the Company.
Thank you!
Bought a total of 2 million shares over the past few days. Average price around 1.60 HKD to 1.64 HKD.
Now sit back and observe the Company operations and interim results.
macgyver,
i read the 2011 results, there are some exceptional one time gains. will the company be able to book these one time gains back, esp the interests from the loan to the purchased company.
i never see these types of loans to target companies before leh, very blur.
what do u see in this company?
Company has announced interim results last night.
- Revenue increased by 9.3% to HK$5,978 million
- Gross profit increased by 157% to HK$545 million
- Profit for the period attributable to the owners of the Company increased by 38.7% to HK$229
million
The results is in line with what they have been talking about to the analysts.
The few concerns that I have included the increased loss in currency exchange, as well as the one-time gain in derivative instruments.
Company looks on track for a record year in 2012.
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