CHOP- The next significantly undervalued US listed China stock that could see nice returns for investors at current devalued levels.
CALI-CCCL-CHOP The most undervalued China companies listed on the US markets... CALI & CCCL seeing nice gains recently and i believe CHOP is next.IMO
As China addresses the economic and social issues facing its economy head-on, look for a turnaround in the sectors that are currently experiencing a slowdown; steel, construction, equipment manufacturing.
China Gerui Advanced Materials Group (CHOP) recently announced that it continues to operate profitably and increase production - albeit at a slower rate, while working on new product initiatives and specialization in order to grow its customer base.
We should expect some fits and starts as China moves toward sustainable growth, but evidence points to a turnaround starting in the fourth quarter. This is particularly true for companies that will contribute to the much-anticipated domestic growth and infrastructure, such as steel manufacturers. Improvements in revenue and profits will likely come more slowly than in the past, but this should not deter investors looking to participate in China's growth. Companies that were able to not only survive the past year, but also implement strategic tactics for growth, such as CHOP, will undoubtedly generate positive returns for their investors.
China Gerui Advanced Materials Group Limited a leading high precision, cold-rolled steel producer in China provided an update of its share repurchase program.
As of the market close on Friday, June 15 2012, the Company has repurchased 1,423,101 of its ordinary shares at an average price of USD 3.58 per share for a total repurchase price of USD 5,090,919.
Mr Mingwang Lu Chairman and Chief Executive Officer said "The continued execution of our share repurchase program reflects confidence in our Company and our view that the Company public equity is undervalued at current equity market levels. We anticipate sound long-term growth prospects for our business and view share repurchases as an important element in our ongoing commitment to maximize the long-term value of our company for our shareholders." [color=red]
The company invested over 5 million dollars @ 3.58 PPS in repurchase program in 2012.[/color] If the company is unable to increase market share value in the short term i wouldn't be surprised if the company seeks to go private considering how much they have invested and how significantly undervalued they currently are on the US market.
Revenue 338.48m Net income 63.87m Average volume 83.24k Shares outstanding 58.31m Free float 29.18m P/E 1.18 Market cap 75.80m EPS 1.11 (Revised 2012 EPS .70) Gross margin 29.94% Net profit margin 18.87% Operating margin 26.13% Cash flow per share 1.30 Book value per share 5.50
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