out of own interest, i did additional research on ksh. normally, after the initial homework is done, i stay invested for long term.
looks like lots of buying is pushing ksh. its has gone beyond its nav of 67-68c.
however that was the nav of the last quarter, before the chinese new economic zone development was announced.
now that the news is out, land prices around that area has jump multiple fold, so much so that the authorities have to institute measures to curb speculation.
this report from nextinsight provides additional information.
so the contribution from this project might potentially be $0.24-0.47, and the nav might potentially be bumped up to at least $0.90. I think the market thinks its not overvalued at 70c. So it seems that $0.70 appears to be still undervalued by the buyers who might share the above …