Am surprised Eratat crashed to this level as it’s cash/share is abt 14 cts and NAV 35 cts. In a way, good that weak holders are flushed out. I think many investors are trapped at 22 to 25 cts during the aborted CMIA share placement early 2011. Their yearly div since listing is a consolation ( YE2011 div 0.5 cts coming next mth ).
Their 2Q12 results are visible, which is the balance of the Rmb 380m orders. Waiting for the ann of the Autumn/Winter orders which should be out soon. If the orders are same as 1H, their YE2012 EPS should be abt 4 cts. ( or 6 cts if excluding renovation subsidies ). My views only.
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[viviene 06-06-2012]:
Being optimistic at this point requires deep pockets and a faith in the system. For those wishing to take a bite, consider Hi-P International (67.5 cents) and Eratat Lifestyel (only 8.6 cents). Just my 2 cents worth.