sino grandness - undervalued stock

relaxing, u may have to hope for another crash to get Sino Grandness cheap.
Moving up now +1.5 cents to 44.5 cents.

Dirt cheap --- if their Europe market for canned asparagus, etc doesn't slide and if the high profitability is genuine. OUch!

Garl - Ya, missed out on some trading profit as EU moved the goal post by extending short selling ban to end Sept lol. From their 2010 AR, 32% of their sales are in China and balance exported, of which 56% are to Europe. Hopefully their Europe sales will not be badly affected next year? Even then, their long term prospects look good.

Anybody has any  comments on  this counter ? Appears to be relatively quiet after its recent Rmb100 million convertible bond issue .

Grandness up 3 cents to 38 cents this morning --- a proxy to the European markets as Europe is a key market for Grandness' exports. The company is fast developing its PRC market for beverages, so it would be increasingly less dependent on the ang mohs.

I agree that Europe situation is an influence on the stock price. If those people can advance in their effort to resolve the euro crisis, Sino Grandness can then move up.

Sino Grandness will be talking to fund managers at DMG-organised conference in a few weeks time, in Jan. Organising a visit to its operations for fund managers early next year -- a few weeks time, ie.