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this is a good gem. Now is a good time to buy. no more waiting.
water/mountain,
Many feel uncomfortable with the cash flow....but if they read up and understand more about distribution business and credit term and consider that rapid growth, then all will look fine and great. Insider understand the business better and load up at such attractive price!! Limiting the growth for better cash flow may not be the best choice for Sun East now...capture the growth now will definitely make Sun East bigger and stronger in the years to come....
THE BEST IS DEFINITELY YET TO COME FOR SUN EAST!!
SUN EAST: THIS COUNTER HAS GOOD POTENTIAL, but it refuses to move, it could be some one is accumulating, as it is the share price is rather low, when refer to BEST WORLD, it shoots up and it is over $1/-, whereas SUN EAST is so low. It has good business models, with strong and experienced management team, and it has good profits. Please look into it now, and make your decision .....
Mr David Henry Christopher Hill
Open Market Purchase SUN EAST on 4-9-2007!!!
I'm sure he is in a better position to understand the business than anyone in this forum!!
THE BEST IS YET TO COME FOR SUN EAST.
is Non-executive Director of Sun East.level13,
It is good to stick to may winning strategy....frankly, making money from the market is easy! Hence, I not interested at dividend at all. Sun East is going all its way to grow itself to be stronger and bigger. Thus, I'm not too concern with those points u mentioned. There is always risk in any investment, and in this case, the share valuation now already well compensated for the calculated risk.....The BEST is yet to come for this company that own the 3rd largest beer distribution business in Taiwan...and soon....they will replicate that in PRC!! Rememeber, its CORE strength is not either cosmetic or beer....but BRANDING and DISTRIBUTION NETWORKS!!
If there is dividend, making this stock is better for long investment and more attractive as well.
Its ok. i am happy for you if you made money. Just wanted to point out some facts to balance the view points.
Agreed that there are some companies no one interested at some point in time. For example when i bought into celestial @ 20 cents, PFood @ 80 cents and AceDyn @ 21 cents.
CHEERS!
Hi level13,
All the 3 points that you pointed out look good and great for me....I remember when I bought Best World @20 cents, Hongguo @20cents and CG Tech @14cents ppl also told me the same story!! Back then, not one interested at Hongguo or CG Tech...or Best World!!
FA is definitely more than looking at the profit & lost statement....and to identify the hidden gem it need more by just looking at cash flow...dividend.... and also need to undertsand the vision of the mangement!!
Time will tell....but I'm already sitting on handsome PROFIT now....Sun East may not be a good stock for you but it a already a hidden gem for me!! Good Luck!!
Hi Bullrun,
Since everyone knows your reason for calling Sun East a hidden gem, i will state my reasons why it is NOT a hidden gem to balance things a bit.
1) Poor cash flow. High debt level. How to pay off the loan?
2) Major change in business focus just 1 year after listing. Definitely a red flag event. I see no synergy between distributing alcohol drinks and beauty creams.
3) No dividend payout despite profitability. However, the directors and insiders are paid very well and on time. So far since listing, they have received more than RMB30 mil.
Investors should look beyond the P&L statement. The view is indeed ugly.
NOT VESTED. CHEERS!
As the fear subside...the price will rise.
Solid base formed at 23c-24c!! THE BEST IS YET TO COME!!
Share price surged...supported by the strong volumes!
The BEST is yet to Come!!
- Better market recognition of beauty products and maiden contribution of branded
alcoholic beverage division lifts FY2007 sales by 45% to HK$310.6 million
- Had the non-cash effects of financial derivatives been excluded, net core
earnings* would have jumped 56% to HK$113.7 million
- New skincare products targeted for launch in FY2008
- Full-year contribution and continued market expansion of alcoholic beverage
division to drive growth in FY2008
SUN EAST?S FY2007 NET PROFIT SURGES 41% TO HK$102.9 MILLION
Trading at HUGE DISCOUNT now!!!
As far as the business and profit continue to grow, the share price will follow!!
A Hiddem GEM!!!
Is a sick counter. Bull run it didnt go up, Bear come it drop with them. How to have faith in this counter. Got to hold very long in order to c results.
At current price, this look like a good buy! :)
a peice of shxx..... bought at 35c, went up slightly then came down all the way. din even move when all penny stocks were run like crazy.... burnt a big hole on this stock.
don't quite understand. All is green, why is this stock still red?
.....recoved to 23c at market close again.....!!