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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Patentlawmeister who wrote (4499)	1/5/2004 8:23:00 PM
From: Crossy	of 37387

re : 1193.HK - HK$ 0.88 - China Resources Logic crlogic.com.hk Honeestly I think this company, one of the leading PRC based semiconductor makers, but listed in HongKong, has the potential to at least double or triple this year.. not only is the global semiconductor industry growing way stronger thanks to demand from mainland China. There is also a planned partial spin-off of their contract fab business and to obtain a NYSE listing as an ADR for the subsidiary.. The valuation of Singapure based Chartered Semi, Israel's Tower Semi or TSM, UMC of Taiwan are too compelling.. the parent company, CRL has a Price/sales ratio of 1. All contract fabs have very high PSRs, often north of 5.. my prediction for CRL to at least double in 2004 is of course contigent of a succesful listing of their contract fab operation as a standalone entity.. the plan was officially announced a couple of weeks ago.. all the best CROSSY

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