Why discounted so much despite cash rich? 1) Chinese firm, difficult to judge whether audited accounts is trust worthy. Many Chinese listed locally firms failed in various aspects. 2) Reliability of fin statements. London bis can write off more than 300 m receivables when receiver took over. We know how good is the past auditors and credit worthiness of management and bod. Anyway, nobody can conclude anything and judge correctly most of the time. Good luck.
You think it's easy to get a deal with top brands like zara, armani, pull and bear, reebok?? They have been doing well,, definitely more business in future.
chart looking perfect, high correction done, but should be over now. macd havent crossed over but rsi indicates oversold with hammer formed, bullish continuation sign is here.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wh1881
430 posts
Posted by wh1881 > 2020-02-06 10:20 | Report Abuse
today movement so far is good... same as what i saw previously excluding last few days... so everyone just keep finger crossed