China Growth Stocks

[worthylion]

APWC--They will post their 2nd Q numbers prior to their Oct 5th Annual Meeting. Interestingly, their 53% owned sub in Thailand, publicly traded Charoong Thai, announced their 2nd Q numbers in mid August which will contribute approx .29 per share to APWC's 2nd Q earnings. Although it isn't clear how the operations in China, Singapore and Australia will do, .29 from Thailand is a great foundation for a strong Q. The weakening price of copper may hurt results a little as it is embedded in their own product pricing and revenues (or could prompt a write down of their copper inventory). Nonetheless, it should be a strong Q that could spark the share price.
In the near term, they're completing a factory in China for a higher margin wire product which should begin production in the next few months. These higher margin revenues should materially boost earnings.