Sapphire stock price has sufffered a sharp drop in recent months, like most China stocks. Any thoughts on their 3Q results? Revenue increased more than 70% but still make loss because of their stake 9.2 % in China VTM. Any real cause for concern? Will profits start to roll in?
The holding in China VTM is like a magnifier : On the upside, the fair value gain is fantastic, on the downside, the fair value loss is horrible. Can't be helped. This is a long-term holding and Sapphire shareholders will just ride with it.
