WORLD PRECISION MACHINERY - UNDERVALUED GEM

china economy turnaround in Q3 2012 . So World precision will benefit
 
Somehow their cash balance is RMB 100 million more than same time last year now

Any views on which companies will benefit from the budget 2013?
 
 
 

Overall 2012 results would be just so-so after the 9m12 results were down. I think market could re-rate the stock if the dividend turns out better than expected. The stock has tentatively moved up 2 cents to .....44 cents. Zen, you are in the money already!

41c to be exact

This company will do much better this year than last year as the order book is growing big.

I have just noted that World Precision on 8 Apr announced a RMB7.17 million from an Indonesia car manufacturer, comprising the delivery of 4 high-performance stamping machines from the JS36 model series.

This will be the first time for the Group’s equipment to be used by an overseas automobile manufacturer!

The stock price is still at 42-cent level. Should be able to reach 50 cents by 3Q, imho.