China Gaoxian Fibre

Great Group and China Fertiliser had up up above ipo price. Is time to load up China Gaoxian.

Gaoxian trades at a substantial discount against its peers. According to Bloomberg, at the close of trade on 10 Feb, Gaoxian traded at 2.6x FY09F earnings vis-à-vis the peers average of 8.6x. - quote from today\'s article on China Gaoxian by Ernest Lim. If there is no accounting issue, then this stock is greatly undervalued.

There are two ways to test whether there is any accounting issue in the company? 1. Ask their auditor for affirmation. 2. Ask company\'s Board for affirmation. When there is no reply from them, simply deduce what their non-reply imply. When there is reply, the content will tell the answer.

The trades so far this morning (see screenshot below) suggest accumulation by invetsors - they betting on positive full yr results? When coming?

Look dirt cheap!

After the write up published here.... The buy queue volume jump up to 4.33 million waiting to buy at 0.18.... Result should be released soon since the last quarter result was on 12 Nov 2010. Camping and waiting for good news...