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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock
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To: Ciao who wrote (190)8/27/1999 7:22:00 AM
From: Lee Matheson  Read Replies (1) of 248
 
Yes, .28 for 6 months is good for a $3.50 stock (especially in today's market). If the other breweries, that are just coming back into "the fold" are making money, then this could improve.

I think this stock has good potential for having larger earnings reported. My two area of concerns are:
(a) the other two breweries may be losing (and not making) money
(b) China could devalue its currency.

I don't know where Noble keeps the money from its profits. Presumeably in a Chinese bank in the Chinese currency?
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