China Gaoxian & Abterra undervalued?

Referring to today\'s Business Times, pg 8 reported on Companies Full Year Result Ended 31 December 2009: - 1)48th position - China Gaoxian, net profit:S$84.28 mil. 2) 177th position - Abterra, net profit:S$13.26 mil. They are undervalued compared to their peer and other companies. China Gaoxian\'s net profit is even higher than Hyflux but only miserably trading now at S$0.185. KayHian has upgraded the stock price to at least S$0.40, As for Abterra only trading at S$0.045, and what happen to its dual listing story?? Disapointingly, both counters did not offer dividends this time. And I wonder counter like MediaRing with smaller profit(305th position, S$2.44 mil. net profit) can even delclare profit.

Yah, what a fish! Hyflux had S$95 m net profit for 2009, while Gaoxian had S$84 million. Hyflux\'s net profit margin was 14% while Gaoxian\'s was 23%! Hyflux stock trades at above 30X PE, while Gaoxian trades at 2.5X PE. If Gaoxian trades at 30X PE, it would be worth ....$2.22. Wah hosei! Never mind, just buy the gem called Gaoxian next week~!

Gaoxian reporting results on Tues, Aug 10. www.nextinsight.biz/content/view/39/92/ Abterra, Friday 13 - yeeeks! Inauspicious day.

24.5 cents!!!
Finally, approaching IPO price... was it 26 cents?

Then must go far beyond - to 30 cents.
All it takes now is a dual listing in Korea.

Pity, singapore cannot appreciate it until it is ready for a doubling of PE in Korea to 6X. Still undervalued for a business that earned S$80 million last year.