
Thanks for the valuable info.Appreciate that u have created a forum. A better name like "A comparison between HongX & Sport" to invite more participants to participate.
Just my opinion. :)
newtothis ( Date: 04-Jul-2009 20:41) Posted:
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If you guys referred to below data.
You can see china sports 4X less share than China Hongx and its share price is 0.14. China Sports should be at least $0.30-$0.56 given its earning and the small amount of shares.
However people tends to think and see things on the shallow side of the story. They blindly look follow whats on the FR and didnt analysed properly. As long as the figures look huge and stay positive they are good.
Does it really look that good ? Ask yourself this question China Hongx made like 20 millions shoes a year where china sports made 5 million shoes and both have very similar profidt. It is dangerous here if you look carefully.
China Sports will definately increase thier market share as they are gaining popularity in China. If you are smart you will invest on those people that can made profit for you even in bad times. To me why should i invest in china hongx when it cannot justified its huge investment and further more without any RETURNS "no dividends". Ask yourself What did China Hongx has given back to the shareholders so far and What did China Sports given back to shareholders so far?
Go do your home work and you will understand why China Sports better than China Hongx
Prepare for China Sports to Shoot up :) Cheers
CHINA SPORTS
Total Shares for China Sport: 673,700,000
Current Price: $0.140
profit for Q1: RMB $49,644,000
Dividend = Yes
Ads Campaign = 飛輪海 - so bloody popular.
Export Market = Yes (europe, south america.. etc)
OEM = Fila, Puma, many more (Allow them to exports thier made shoes to these markets too)
Manufacture - 5 millions shoes Per Year (Compare the earnings of both company)
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CHINA HONGX
Total Shares for China Hongx: 2,751,960,000
profit for Q1: RMB $56,036,000
Current Price:0.170
Dividend = No
Ads Campaign = North Korea Team - condemn by international.
OEM = No
Export = limited to asia.
Manufacture - 20 Million Shoes a year. (Compare the earnings of both company)
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The truth is following TA you are always at least one step behind the BB. Because you always waiting for the confirm entry point. BB is happy that your a late comer :)
Anyway congrats for those who Vest China Sports <HUAT ah> See the Sports climbing to $0.24-0.35 for Q3 from my latest info.