Asia Global Holdings Corp. (fka AAGH)

[jaybird249]

(( UPDATED AAGH DD SUMMARY ))
AAGH.OB ($.20 +.02) just reported $.02 PER SHARE INCOME for the second quarter in its 10Q filing and projects continued growth and profits. Consequently, annualized earnings going forward should be in the $.06 - $.10 range Giving AAGH a current PE in the 2-3 range. AAGH will issue a Press release tonight or tomorrow summarizing the excellent resuls.

HIGHLIGHTS
With an 8.1 MM float stock and forward earnings of $.05 - $.10 annually going forward, AAGH could be a "dime to dollar" stock. The company provides internet, e-mail, advertising and marketing services. The Company has offices in the US and China.

Outstanding Shares: 22.1 million
Float - 8.1 million

HIGHLIGHTS:

(1) AAGH's rapid China sales growth will be enhanced by the June 28 agreement with THREE Chinese Media and Advertising Agencies to market AAGH's media advertising services in China.

(2) GREAT financials. $1 Million net working capital and no debt.

(3) AAGH has been historically profitable shortly before changing its operations to what is more profitable and higher growth for them in China:
http://finance.yahoo.com/q/is?s=AAGH.OB&annual

(4) AAGH is focusing efforts on China growth through aquisitions and organic growth. AAGH has identified a China aquisition target:
http://biz.yahoo.com/prnews/060523/nytu103.html?.v=55

(5) AAGH is trading at a large discount to other Junior China plays. SUWN.OB earned $.02 last quarter, with 50 MM shares outstanding and trades at a $50 MM market cap compared to $2 MM market cap for AAGH. GTEC.OB has a $17 MM market cap and has comparable sales to AAGH. If AAGH even reaches $10 MM market cap it will be a $.50 stock.

(6) AAGH has a history of explosive price moves - it went from pennies to over $1.30 in a couple of months in 2004 just on speculation of the sales and growth they are finally starting to produce now.

(7) AAGH is raising its profile with the Investment community with its name change and focus on China operations.