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Strategies & Market Trends : Greater China Junior Stocks

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To: Julius Wong who wrote (1228)	5/16/2006 11:08:33 PM
From: gladman	Read Replies (1) of 1992

OLAB -> Here's a backdoor China opportunity. From their recent SEC Filing: >>On April 6, OLAB announced aquisition of PSHL, which owns the Shanghai Chengtong Precision Strip Co (SCPS). OLAB will have 5 MM shares outstanding after aquisition closes. -Based on publicly available data from SCPS website below, SCPS has ESTIMATED ANNUAL REVENUE UP TO $70 MILLION U.S. - Since steel companies typically trade at 2-3 x sales, potential valuation of OLAB with SCPS aquisition is $150 MM - $200 MM range, or $30 -$40 PER SHARE. Here is the website and assumptions to derive revenue projecrions: shctps.com The front page of website states: "Depending on the complete manufacturing conditions and powerful manufacturing capacity, the yearly production of precision steel products reaches to 100 thousand tons." The average price of their product is somewhere between 5000 and 6000 Yuan, which is somewhere between 600 and 700 US dollars.<<

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