It is important to note that the data in the financial summary does not reflect the exchange rate movement.

For instance the 0.8RMB per share dividend works out at 7.5p not the reported 5.8p for a yield of 5% rather than 3.9%

Similarly the P.E is just under 3 not the 3.8 seen in the summary.

No debt, selling for a fraction of book value, at a PE < 3 with growth in the pipeline and a solid dividend.

The impressive rebound from the october panic lows looks entirely justified.

I suspect benjamin grahams eyes would be popping out looking at it.

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