China Growth Stocks

[Rames]

CSHEF - still no idea what's going on there, but looks like they are audited by Crowe Howarth (Deloitte had the account for 2007-10), so they might be real after all.

I bought a few shares today, but didn't have time to dig into the story yet (carnival here). There is probably a good explanation for the low stock price.

Total shares outstanding: 9.02 million
Current price: $0.10
Market cap: about $0.9 million

Book value (20-F Dec 22, 2010): $67.3 million
Net income (FY 2009): $37.4 million (RMB 247 million)
EPS (FY 2009): $4.15 (RMB 27.39)

The Annual General Meeting for the Company will be held in Hong Kong on March 31, 2011.
http://www.sec.gov/Archives/edgar/data/908256/000095012311022631/c13759e6vk.htm

The company has an outdated website: http://www.chinaenterpriseslimited.com/

Maybe someone wants to dig a little deeper.