LI HENG CHEM FIBRETECH - NAV : 46cents . NET CASH .

1. There is a certain amount of visibility or guidance with regards to China Fibretech.

www.nextinsight.net/index.php/story-arch...ears-will-be-betterq


2. The net cash in Fibretech is also huge at 17 cents (versus the stock price of 6.5 cents).

3. The stock price has a lot of upside to where it used to trade before the GFC.

The problem with china fibretech is it doesn't pay dividend .
And share price already up substantially since i last bought at 4c and below


Li Heng pays dividend almost every yearly with it's cash hoard . And the yield could jolly be around 9% or more at this price .

LOAD UP ON LI HENG NOW ............

UNDERVALUED GEM ...........

this gem in NET CASH and few hundred million RMB in cash balance

Still making profit

It is a steal at this price

Zen, is this a recovery story? The profitability is there, but will it recover strongly?

Cash is about RMb590 m but it has bank borrowings is RMB401m.

Annualised earnings ---> translates into about 19-20X PE on stock price of 11.4 cents currently.