Monday, July 27, 2009

China Powerplus

Source: CIMB update (Requires login)

RHB demanded payment of S$1 million by end of July.

CIMB maintain at S$0.03 after 50% discount to 3.5x CY09 P/E after showing lack of catalysts and small market cap. Also, mention of inept to sustain margin despite other companies showing stabilization after falling commodities prices.

Review: Shall still keep the company till I am confident of knowing what to get next. I still love small market cap investing since there are several advantages. However, the management of small market cap are crucial because financial statements cannot be totally trusted.

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