I was reading the postings on China Fibretech's excellent results, and conclude that most of the textile companies will 'cheong' in their profits - although their stock prices will have to wait and see if the market will embrace them.
Hongwei also will have good set of 4Q profits to report, I am confident.
On reading the NRA report, I am confident the growth in profit will continue this year because it will have an increase in production capacity by 40-50%, which NrA said are expected to have material contribution in 2Q next year. [url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/3364-hongwei-tee-]HONGWEI, CHINA FIBRETECH, LONGCHEER, TEE: What analysts now say.... [/url]
keithkeh, u there or not? how come u said Tembusu will offload in 1Q? I doubt it, if the profit momentum is there for this year . Why would Tembusu sell at such a low valuation? And they had not made money for holding for the past few years during the downturn.
I think the whole industry will be re-rated very soon. Fibertech "hide" their profitability in their annual result just lumping its 4th qtr into full year result. The materially higher doesn't do justice to them... it is "super significantly higher" profitability.
Is the following a joke?
Hongwei Technologies’ Successful Secondary Listing
Hongwei Technologies has successfully done a secondary listing of international depositary receipts in the German Exchange. It listed in Berlin on the 2nd of November 2010. The price upon listing was 0.141 Euros and it is currently trading at 0.138 Euros. It listed in Frankfurt on the 11th of November 2010 at the price of 0.153 Euros and is currently trading at 0.136 Euros.
I found it today in Tembusu website:
www.tembusupartners.com/portfolio_6.html
If this is true, it should have been released in SGX announcement but it wasn't.
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