I like CKGT a lot and think it is one of my best 6 holdings for 2008. CKGT earned $0.044/share last quarter and last traded at $1.00/share. Their book value is $0.94/share so they are trading at roughly book value. Also, their revenue has been growing nicely. In a 10/19/07 PR they indicated that they received sales orders at a trade show for over 40M RMB of product to be fulfilled over the coming year. That translates to $5.5M in sales which is more than one quarter of sales. I think CKGT has a good chance at trading at $2/share sometime in 2008. Here is some more DD:
Overview China Kangtai Cactus Bio-Tech Inc. is market-leading cactus grower and producer of cactus-related products with over 520 acres of plants and an active R&D group that holds 17 product patents and is seeking another 15 in a variety of product categories. Kangtai's high-quality products are sold throughout China through a growing distribution network that includes franchised, company-owned and third party stores, as well as store counters in supermarkets, department stores, hotels, restaurants and malls.
ari5000: received a solicitation from the U.S. Olympics Committee for a donation. The logo China picked looks pretty good-subdued. Colors are navy blue and maroon.
Once March Madness is out of the way, the TV networks will start broadcasting from field and track events. Then the type will start and China stocks should start to do well.
I have made my selections and that is that. The eggs are in the incubator.