William: Thank you for remarking, but the data offered at the SIHL site was insufficient for my purpose.
Yes, I agree, the prospects are exciting for the city of Shanghai. I'm certain all its native sons will do what they can, whenever they can, to assist in its progress. And, though familiar with the "who cares, just buy it" method of share accumulation (oh yes, more than once), I want to make every effort at ferreting-out some indicative numbers. By indicative, I mean numbers that would indicate SIHL's ability to remain an ongoing concern should revenues be reduced or projects be delayed. The balance sheet on display at the SIHL WWW site does not provide sufficient data for this "acid test." Though it does offer other good information, I had hoped for more. I can paint a fairly exciting portrait of Shanghai's future myself; yet behind the canvas I'll be sharpening a pencil.
You say, "What more can you ask of a red chip?" I say, cash flow.
There is more than enough opportunity in the China regional equities market. One needn't feel anxious, just now, over the purchase of any particular issue.
As an an aside... a report earlier this year, that Shanghai's mayor returned from a trip to Cuba excited by the manner in which Fidel Castro operates his socialist state, rolled my eyes up a little. |
