Hiromi,
Check out this treasure I found in China. The company is China Treasure Inc. (CHNA).
This company is showing tremendous growth. Tabilized below are their net incomes for
the last 2 years:
1995 1994
1st. Q 0.0 NA
2nd Q 0.6 (.01)
3rd Q .18 (.02)
4th Q NA (.04)
For 1996, the company is expecting to earn $1.10/sh. The current PE is about 9 and with
these numbers, the stock should be about $12/sh. Right now, the stock is trading around
$2/sh.
Average trading volume is around 1mil. shares compare the the historic average of 40
thousands. I think the big boys are buying big time.
The company has next to nothing in debt. Something like $100,000. It is involved in a
$2.5Bil development in China that is almost completed. It had just aquired 60% of a steel
plant in China which has tremendous revenue.
If you want all the Newwires and press releases, I can send them to you.
Here is just a little background.
China Treasure, which is based in Hong Kong, is a real estate and infrastructure
development company. "We envision China Treasure as a major player in several integral
segments of the burgeoning economy of the Peoples' Republic of China, and are
continuing to move forward with the implementation of other components of our growth
plan. We are seeking to acquire businesses with good profit margins and sales track
records engaged in growth industries such as infrastructure development,
telecommunications, entertainment and consumer products. This acquisitive mode is being
managed with the creation of substantial long-term value as our guiding principle, as it
was when we decided to develop Sun City, which will be China's premiere business and
technology hub."
Good luck
Bao |
