For a profitable (seriously double digit profit margin and market growth), PE 15 can be a bit low. I however see it fair at this stage with PE of 7-10 for one year on market, consistent cash flow and dividend from day 1. As it continues to deliver and grow with a few more quarter, PE of 15 will be too low.
Australian market can be a good place. I can name a few brands or national wide stores design and has their products manufactured from China. Sunbridge has market outside China to grow exponentially. Enjoy your wkend and GLA.
For a profitable (seriously double digit profit margin and...
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