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...I managed to speak with the CFO on the phone.....check out our conversation comments
On 20 September 2010, Lim a Blog visitor posed this question to me:
"China Gaoxian
Hi Kelvin,
What do you think about China Gaoxian? In my view, this company has an excellent set of figures in balance sheet and strong cash flow. It is trading @ only 2.5PE in FY09, a huge discount compared to its peers. And it is going for dual listing in Korea. I hope Netresearch will do some reports on this gem. i think it is a 10 bagger stock.
Lim on 20 September 2010 11:16 PM"
My initial response was as follows:
China Gaoxian
Hi Lim its Kevin not Kelvin.....dont worry even some of my relatives make the same mistake despite knowing me.
I have been looking at this company on and off. On paper the numbers look great - as u say low single digit PER, huge amounts of cash. Am trying to contact CFO with some questions - main one being that they seem to be an exception among other fabric makers in the same space in terms of profit.....will keep u posted if I find out anything.
Kevin on 21 September 2010 05:36 PM"
Yesterday Lim posted another question to me:
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