I don't think you can compare doing business in China with doing business in Australia. You know you can't sue anyone in China right? And you're lease can be ripped up and there is nothing you can do about it? Comparing Gazal to SBB or ay other retail stock is pointless you can't simply say SBB should be valued on an EBITDA to EV of 5x or whatever. It's a different country with different rules. They pretty much do what they like and couldn't care less about what our rules are. When I applied for a chinese company they actually refuted a legitimate audit certificate from a qualified Australian auditor plus his business registration saying it wasn't valid. They asked for documents that actually do not exist. They couldn't understand or accept that it is an individual that audit's a company, and that a company cannot audit a company. Good luck!
SBB Price at posting:
7.3¢ Sentiment: None Disclosure: Not Held
