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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A15FCB230060C7154825740B000F2434/$file/China_Flexible_Packaging_1Q08_Results_Press_Release_Final.pdf?openelement
China Flexible Packaging improves NPAT 5.6% to RMB 43.9 million.
I think for longer term investment, it is better than many other counters.
Vested 5 lots at 37 cents.
ChinaFlex is no exception. It is going for half its value. Honestlly if the company can liquidate all assets, or have sufficient cash to buy back all the shares, or go to the extent to give cash back to shareholders, you will probably be richer by 2 times your present holdings.
Agree. Holding fast to this counter will be most rewarding when the market turns up. This I believe will be coming soon. Let the DOW drop a little further for confidence to return when people bottom fish widely.
This counter should be able to go back to above 70 cents in the near future. I once had it around 80 cts plus few years ago. I'm trying to buy in between 36 to 40 cents.
I understand that its outlook isn't promising consider its multi quarterly drop of profit margin. So lets hold the horse first and wait for its 1Q result which will be due on 13 Mar.
KIV is the key word.
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(Incorporated in Bermuda)
CHINA FLEXIBLE SELECTED AS INDEX STOCK IN FTSE ST CHINA INDEX
CHINA FLEXIBLE PACKAGING HOLDINGS LTDThe Board of Directors of China Flexible Packaging Holdings Limited (the "Company") wishes to announce that the Company has been selected as one of the component stocks in the FTSE Straits Times China Index ("STCI") which is expected to go live on 10 January 2008.
The STCI will comprises 50 China companies having a total market capitalisation of approximately S$21 billion (data as at 31 August 2007). It is one of the 19 new indices introduced as part of a collaborative effort between Singapore Exchange Ltd ("SGX"), Singapore Press Holdings and FTSE Group, a world-leader in creation and management of indices. The indices have been designed for the creation of structured products, index tracking funds and ETFs.
Stocks selected for entry into the STCI are based mainly on (i) individual market capitalization; and (ii) its free float- which must be more than 15 per cent. In addition, as a liquidity consideration, the selected stock for STCI must trade with median daily turnover value of at least 0.05% of the value of its free float- adjusted shares in issue for at least 10 out of the past 12 months.
Commenting on the selection, Chairman of the Company, Mr. Chong Yuen said, "We are deeply honoured to have been selected as a component stock on the STCI. This reflects the recognition that investment community has placed on the Company."
With over 100 China companies listed on SGX, the STCI is a positive move in helping investors to understand China stocks.
By Order Of the Board
Jackson Tso Sze Wai / Sophia Lim Siew Fay
Company Secretaries
4 January 2008
Still attractive. It's still below its IPO price.
This gems sooner will be discover by the investor, the PE ratio is less than 3 times according to its latest 1st quarter result as at March 07. It is the lowest (No1) for all the China stocks listed in SG.
Be patience the summer will be at the door step soon.
Looks like moving up. Still a discount below the IPO price which was 75 cents.
Vested at 0.555 CFP proposed to allot the 20 million shares @ 0.48 to "UOB Kay Hian" this representing a 4.48% of the enlarged shares capital.
Good sign for CFP! Cheers!
CFP requested for a trading halt on noon time...
Hope it is a good news, this counter is undervalue as compared with its China couter party.....