Just wanted to include a cut and paste of the below discussion by China Stock Picker on the CGS Board as it presents solid basis for investment in CCCL:
"The Company's backlog of orders for delivery in the second quarter of 2011 is approximately RMB 372.7 million (US$ 56.9 million), representing a year-over-year growth rate of 36.9% compared to the second quarter of 2010. The expected sales volume in the second quarter of 2011 is approximately 13.8 million square meters, representing a 30.2% increase from 10.6 million square meters sold in the second quarter of 2010."
As I said a few weeks ago when I began buying CCCL in earnest, it is INVESTMENT GRADE - one of the few in this space IMO.
I personally am looking forward to q2 and the rest of the year as their completely paid for expansion ramps up production for some extremely favorable q over q comparisons to come.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.