You have a beautiful neck with gross profit at 40.7% but your black mole (net profit) is at 17.4%. Its alright, luckily your mole is small and not hairy, and your neck still looks pretty decent at 17.4%, better than some of your peers. Let's go down further shall we?

Wow, thats a nice bosom you have there at 18 times (Current ratio)! Your Current Assets is definite much bigger than your current liabilities. And wow wow, you are rich i see with a whopping round and big size of 2201588 which by itself is bigger than your current liabilities. No wonder so many guys are chasing after you...or are they?

We have taken it slow and you are enjoying it...a lazy kiss here and there and some sweet nothings whispered to you and you are flattered. Why not, you will be more open to us..we hope... So let us go down further, shall we? We see you nodding your head.And yes we will be gentle...we promise.Let's look at your cash flow, where the real mc-coy is. Oh my oh my...we were excited. But oh my, its free cash flow is negative and why why why? Nice to look at only we see....why is there an increase in inventory ? Did you ramp your production before the olympics and not able to clear some stocks? So what are you going to do with them, dear? Sell yourself cheap? And why are you so self conscious now darling?Why the large increase in prepayments? Have you been naughty, darling?Ok, we think we better go now. We got a meeting to attend.

You ran after us and explained. Ok, we guess we can spare you a minute. We got no time!Oh so you are sorry now that you lent 270 million to distributers in 2007 and only 95 million have been collected as of end of 2008. Will there be a default? Its a recession you now dear? Oh you are sobbing now....and pleading..ok let's get it done fast and we got to go.. We think you are still ok with a cash warchest.Don't cry now baby....

Important: The objective of the articles in this blog is to set you thinking about the company before you invest your hard-earned money. Do not invest solely based on this article. Unlike House or Instituitional Analysts who have to maintain relations with corporations due to investment banking relations, generating commissions,e.t.c, SGDividends say things as it is, factually. Unlike Analyst who have to be "uptight" and "cheem", we make it simplified and cheapskate. -The Vigilante Investor, SGDividends Team