Straco -- gem?

The no. of people visiting Shanghai Ocean Aquarium & Xiamen Underwater World continued to rise in 1H2013. The wonderful profitability of this business can be seen, once again, in this way:

Sales : S$27,691.

Pre-tax profit was a whopping S$19.0 million.

The margin was just so good. The pre-tax profit included a depreciation charge on its assets of $2.0 million. Depreciation is, of course, an accounting non-cash item. Take that out, and you can see even more clearly how profitable the business is.

The cash on its balance sheet is S$100 million. It makes up more than 1/3 of its market cap (now S$291 m)

Some people are queueing at 35 cents to buy 115,000 shares!

1668 wrote: The next big thing for this is supposed to be the attraction near xian - chao yuan ge to showcase tang dynasty treasures. The site is near straco cable car and next to a tourist attraction at li shan. Suppose to be ready in 2015, I recall. Anyone going to xian or been there recently can advise if they see construction?

Chao Yan Ge is a project to look forward to. Its completion is reported to be around 2015/2016 and its visitors will have to take Straco's cable car operations to reach the site. Double earnings for Straco: pay for cable car ride and pay to enter Chao Yan Ge.

The share price today has kissed the 36-cent level. Has it ever gone to this level? Probably no.

No, Straco has never hit this 36-cent level. Record high!
This can be the result of regular accumulation by fund manager/managers looking for exposure to China's huge domestic tourism trend.

I hope no one dismisses casually the 37.5 -cent level that Straco has now climbed too just because there are only 18,000 shares done. It's a gem and some fund manager must be paying up for it.

Straco had break past 35 cents strong resistence and it is done at all time high of 37 cents. Although the volume done is low there are 52 lots queueing to buy at 37 cents. Low volume is more contributing to lack of sellers.

I believe buyer interest are anticipating a good set of 3Q 2013 result which is in early November.