China Gaoxian

China Gaoxian just announced 3Q net profit of S$21 mil. on top on H1 net profit of S$37 mil. making a whopping profit of S$58 mil for its first 9 months\' result. Clearly, it shows that the company\'s products are differential and of higher profit margins than Li Heng, Taisan and others. With an interim yield dividend of almost 26% based on H1 net profit, the stock is attractive enough for accumulation amid that price is now below its IPO price of S$0.26. Any thoughts?

very cheap stock at 22 cents. PE only 3 for quality biz - better than Li Heng. that\'s why UOB KH analyst has a price target of 40 cents. just released the other day. however, u know, this is an S-chip. people wont pay up for it, especially when it\'s a recent IPO. we have to see how the company delivers quarter after quarter of results. hope it\'ll be good, cos the textile industry is looking up in China.