CHINA FIBRETECH

H1 REVENUES SURGED 160%
 
NET PROFIT OF RMB 22.28 MILLION . UP 16 FOLDS Year on Year
CASH BALANCE UP 20.4% FROM RMB 353 MILLION TO RMB 425 MILLION
 
P/E : 2 .
NTA : 21.9c
Share price 5.5c .
 
info.sgx.com/webcoranncatth.nsf/VwAttach...Annt.pdf?openelement
 
 
 

The major shareholders should just privatise this company. Can offer 12 cents????

Cheongwee, what is your take on the 1H results?

They did say that in late 2Q, there was a slowdown in business. Wahpiang, will 3Q be in trouble?

accumulation detected today .........

Volume is quite high, it appears that someone is opportunistic --- sitting there and collecting at this cheap price.

Once the insiders or company buys up enough shares from the market .
Future buyers will have to pay higher price if company decides to go private .
Imagine the market cap of China Fibretech now is only about 1/4 of it's cash balance .
 
 

Interest has dried up. Stock as attractive as before? 4.8 cents.