China Gaoxian Fibre

FEEL SORRY FOR SHAREHOLDERS OF GAOXIAN, HOPE TIMES GET BETTER: The Company observes that in general, textile companies listed on the KRX have higher valuations compared to peers in Hong Kong and Singapore. In this regard, the 25 textile companies currently listed on KRX1 have an average P/E ratio of 12.4 times. This compares to a P/E ratio of 6.8 times in Singapore1 and 12.0 times in Hong Kong. There are also currently 12 China-based companies listed on the KRX, amongst which four are from the textile and sports shoes industry. Based on the closing price of the Company’s shares on 22 June 2010, the Company currently has a P/E ratio of 2.6 times.

In the press release it say Textile companies are trading at something like 12.4x in korea vs 6.8x in Singapore and 12x in Hong Kong. Also it will be the largest, most profitable textile company to be listed in Korea. Hope this company will not end up like Man Wah and delist in singapore.

I hope it chiong and give a good return before delisting if its going to delist. This stock has been underwater since it IPO-ed!

Great decision! This is way undervalued......dirt cheap actually!!

Long long ago, before the 97 crisis, SGX trades at significantly higher valuations than HKSE and other regional bourses, ex-Japan. It saddens me when I hear fund managers calling SGX a \"Mickey Mouse\" stock exchange. Hope the authority are hearing this and not living in their dream world, thinking they are the greatest.

Re:China Gaoxian Fib... by MacGyver 26th, Jun. 05:03 PM Long long ago, before the 97 crisis, SGX trades at significantly ... Re:China Gaoxian Fib... by Bestworld 26th, Jun. 02:47 AM Great decision! This is way undervalued......dirt cheap actually!... Re:China Gaoxian Fib... by vampire 25th, Jun. 06:34 PM I hope it chiong and give a good return before delisting if its g... Re:China Gaoxian Fib... by erelation 25th, Jun. 06:04 PM In the press release it say Textile companies are trading at some... Re:China Gaoxian Fib... by Harlequin 25th, Jun. 06:02 PM FEEL SORRY FOR SHAREHOLDERS OF GAOXIAN, HOPE TIMES GET BETTER: ... .......suddenly all focus on Gaoxian!