China Growth Stocks

[steeledge]

lmcat, re: KUN

A fair point to show the revenue decrease, but not a fair point to say "no earnings". This past quarter was huge for the company, from the perspective of a turnaround on a yoy comparison.

They pulled-in a NET INCOME of 788k vs. loss of 32k; that's a pretty nice turnaround. EPS of .04 vs. loss .00

Of course one would rather see a company achieve its turnaround due to huge increase in demand for products, but a nice bump in net margins is also good.

They still have challenges ahead, but for these risky plays, getting in on the first signs of turnaround often pays handsomely. My avg is .48ish and I'll be content with a 100% gain.


Net income (loss) attributable to shareholders: Net income increased to $787,657 for the three months ended September 30, 2010 as compared to net loss of $31,924 for the three months ended September 30, 2009. The increase in net income was primarily due to the decrease of selling expenses and increase of subsidy income.