China Lesso 2128

China Lesso 2128

Postby winston » Fri Aug 02, 2013 5:37 am

not vested

To boost electricity distribution networks in cities and building more drainage systems, involve laying pipelines.

That explains why shares of China Lesso Group Holdings (2128) soared 12 percent yesterday.

It currently trades at eight times historical earnings, making valuation reasonable.

I think it is not too late to consider this stock while the price remains 28 percent below its 52-week high.


Source: Dr Check, The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118539
Joined: Wed May 07, 2008 9:28 am

Re: China Lesso 2128

Postby winston » Wed Feb 17, 2016 9:39 pm

not vested

China Lesso is a leader in the plastic pipe industry in China.

The Chinese Government has already mapped out a plan to spend Rmb4t in hydraulic engineering in the coming decade, hence, stimulating demand for the company’s products.

Besides plastic pipes, Lesso intends to expand its new businesses, namely building materials & interior decoration products, ecommerce and aquaculture raft system, which altogether are expected to see revenue growth of 30% yoy in the near future and largely break even.

We like China Lesso because
a) it has a solid balance sheet and operation history,
b) overseas expansion may diversify income sources,
c) benefits from a housing and construction recovery in 1H16, and
d) expansion in new businesses may drive revenue growth.

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118539
Joined: Wed May 07, 2008 9:28 am


Return to C

Who is online

Users browsing this forum: No registered users and 11 guests

cron