Enlightening to see Superb Summit have a total of 69 employees(down from 70)both in Hong Kong(corporate)and PRC operating its timber and other operations and made $8m HK dollars from its operations. Very consistent with a simple logging operation.Noted operational profits have been impacted by environmental concerns.Those that see only a dirty industrialised China of the past need to wake up to the fact that the old China is dying and a very modern one rising from the ashes.The other agreements announced are what they are- agreements,that it a western sphere would concern such things as allocation of port storage,access and so forth.
Also interesting the deal with Stone is mentoned TWICE(not just page 16),word for word,wonder if they're trying to make sure someone reads it and takes notice.
I'll leave that analysis to those that better understand Hong Kongs specialist sharemarket in HK listed companies operating PRC operations and the unsatisfied demand for such investments(and gold mining companies)and how that has proved expensive for many investors in the past few years.
CNC world news while writing this-----Chinese central bank allowing 1% daily drift either side against official $US exchange rate of the RMB also March's trade surplus of $34BN reversing the FEB TRADE DEFECIT of $31.7BN that has left the quarter with a $670m trade surplus.Chinese trade is now reaching a balance and efforts now shifting to boosting domestic demand. Stand-off between China and the phillipines over possession of a small island shows the dragon is now flexing its muscles again.
As always DYOR+DYODD Most things are not as they seem on the surface if you have a good look. Have a great day.
FML Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
