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Fuxing - backed by $0.14 of cash

A good set of results as expected. DMG reiterated its buy call at 0.255. NRA should be maintaining their call as well at around $0.28. :)

 

crclk15      ( Date: 08-Nov-2010 17:58) Posted: Interesting points - Improving utilization rates in 3Q, by another 40-50% from 2Q - Potential turnaround in Shanghai and Qingdao operations - Super durable zipper - the next growth driver - Backed by $0.14 of cash - Trades at P/BV of 0.6x Noteworthy points - Rising labour cost may crimp margins - Super durable zipper - contribution still unknown - Huge cash pile - ROE drag Do visit my remisier blog at ernestlim15.blogspot.com for more information on Fuxing and other companies. Do drop me an email at crclk@yahoo.com.sg to find out more about the value add services which i provide to clients All the best in your trading and investing.

 

Interesting points

- Improving utilization rates in 3Q, by another 40-50% from 2Q

- Potential turnaround in Shanghai and Qingdao operations

- Super durable zipper - the next growth driver

- Backed by $0.14 of cash

- Trades at P/BV of 0.6x

Noteworthy points


- Rising labour cost may crimp margins

- Super durable zipper - contribution still unknown

- Huge cash pile - ROE drag

Do visit my remisier blog at ernestlim15.blogspot.com for more information on Fuxing and other companies. Do drop me an email at crclk@yahoo.com.sg to find out more about the value add services which i provide to clients

All the best in your trading and investing.