Here is the profit warning MacGyver referred to: ...business has dropped off since the end of the Olympic games and that may mean the company posts lower third quarter net profits. The company also expects full year profits to be roughly flat, and that future business trends will depend on whether the Chinese government steps in and gives the property sector a helping hand. Full interview here:
www.sgx.com/ftsestchina/FTSESTChinaIndex/20081022_5.shtml
This is another stock that so many value investors got sucked into it. 1)Seemingly good operations 2)Proprietary Brandname 3)Experienced Management Team 4)Stable Financials One thing I was taught in China, was that SIZE matters!! Small players have no muscles to fight the big boys in this retail game. Expects the Company to report a couple of quarters of weak earnings before turning around.
Cacola got hope or not? at
www.shareowl.com
, they r talking abt it as a speculative punt. the results so bad leh. but balance sheet not bad: :woohoo: net cash per share 10 cents. NTA 22 cents. stock price only 7 cents! :P