Thanks for the link, I didnt catch it. Yes it is interesting. Unfortunatly it fails to take into account the recent fraud pressure China micros are going through right now along with the fact that they have always had a significant p/e and fundamental discount when compared to US counterparts. Will that all change? Maybe, but for now China small caps such as ONP will continue to lag companies such as International Paper and Clearwater. Fair or not its simply the way it is. Its fine to play the best China micros, but Ive learned not to place targets based on industry/sector averages.
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