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Fully paid land in Tianjin RMB 200mil and Beijing.
9 mil SGD investment in Papua New Guinea Oil and Gas Exploration.
Seismic Data of Oil discovery to be out by end of February together with its full year result.
Oil well to be drilled if data shows potential.
A property developer with big land in Tianjin and Beijing and can fully developed into residential and commercial by 2015.
Profitable Toll business.
Profitable Water treatment plants.
Initial investment into gold mining in china.
Cash 70mil SGD
Debt Zero
Dividend of $3.50 per 1 lot for past 3 years.
This year result will even be better than last year.
Now trading 6.5cent
NTA 16cent
I am betting on the oil and gas exploration business to take off and its land development business.
This company should be worth $0.20 at least in future.
Do own research on it. Worth an investment to me.
I am bias because i am buying but i have done my homework
CORE BUSINESS
1.Real estate and preliminary land
development projects in Tianjin and Beijing
with oil & gas exploration project in Papua
New Guinea
2.Energy and natural resources investment, 3.Water treatment plant in Tianjin
Hebei
Alive today!
Mmmm
Muted trading today.
Where is all the volume?
interesting
52 weeks high 7.3
Creeping up
Watch for this at 9am
I am not expecting to be a big gold miner listed in hk, just keep improving its revenue and profits and thinking of ways to generate growth.
Rome is not built overnight.
From their latest developments, things are looking bright.
Some S shares losing money and with no dividends have crept up from single digit to double digit pricing now.
NTA 16cents. We are still far away from reaching this.
640mil shares with SSH. Available 160mil shares with public small investors.
Easy to move when market realise its prospects.
Let's watch tomorrow for further assessment.
such a small company, what could they do? oil, gold.....possible???
For gold, buy Zijin mining in HKEX, oil, buy CNOOC in HKEX as well
Try to understand their business and yesterday's trading session.
Seriously, looks like something is forming over here.
Monday shall observe for more concrete opinion.
Business wise it is doing well with best ever revenue and profits compared to past few years.
Time for analysts to take a look.
This counter is stirring interest past 2 days.
Broke one year high.
Seems like oil exploration news in Papua New Guinea this week. Found oil and should start drilling well.
Core Business
Toll fees collections
Property developer in Tianjin big pieces of land
Water treatment plants
China government will remove the tolls in next decade to ease burden on citizens. Will compensate China International lump sums.
China Management knows about this and started to move into oil exploration business in PNG.
Also moving into gold mining in china.
NTA 16cents.
Debt 0
Current 7cent
Lowest 3.1
Dividend paying past 3 years 0.35cent per share
Full year result coming by end of february.
9months earnings 2011 already blown past 2010 full year results.
This stock hardly trade at all except past 2 days.
A quick search on the latest developments based on sgx news could be oil is found in their PNG investment.
Another reason could be fantastic full year results end february with special dividends.
Not all S chips are bad. This is certainly an undervalued company with huge prospects in property,oil and gas business in years to come.
70mil SGD cash balances could be real because they have zero debts and been paying good dividends past 3 years.
Never issue rights or placements.
Monday if it goes up again, there is certainly interest in this counter whatever reasons it could be.
Big boys always know earlier than we commoners.
I am bias because i spotted unusual bullishness in this and just sharing this with all.