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Re: None

Saturday, 09/16/2017 11:58:20 AM

Saturday, September 16, 2017 11:58:20 AM

Post# of 3668
I noticed that the Renminbi / RMB / CNY has been falling against USD since late May, meaning SINO will have better exchange rate for last qtr (ended June 30) & current qtr revenue (ending Sep. 30). For example, check out the yearly currency exchange chart at https://www.xe.com/currencycharts/?from=USD&to=CNY&view=1Y (plug in the 1-year viewing option).

SINO's last 10-Q from mid-May indicates the RMB at 6.8887 for the period ending March 31, 2017. Recently it's been down in the 6.40s and 6.50s. I'm not sure how much SINO revenue will be affected by this, maybe half or more, and could mean an extra $50k to the bottom line, or nearly 0.005 EPS on 10.1 million f.d. shares.