Agree. Bought China Mobil when they floated on NYX 15 years ago, got burnt even when telecom was a cash cow at that time. Never paid a cent dividend.
Their reputation has NOT improved, if not got worse, looking at what happened to the Chinese tech stocks in America in the last 5 years.
Last, where CDC is based? Northern China, high concentration of heavy industrial, arguably most polluted part of China, and they farm there. Interesting!
P/E is 10! They can list in China or America to make more money. Why here? Accounting and reporting standard less strict then America?
GL
CDC Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held
